BNY Mellon

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BNY Mellon Reviews

Updated August 15, 2014
Updated August 15, 2014
1,223 Reviews

2.8
1,223 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
345 Ratings

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle (in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 49 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good for entry level, then get out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accounting Supervisor
    Current Employee - Fund Accounting Supervisor

    Pros

    Stable Job, Complimentary coffee, Good reputation

    Cons

    No bonuses
    Terrible internal promotion structure
    Better to be an outsider than an internal employee because of horrible caps on promotions

    Advice to ManagementAdvice

    Stop playing favorites. Grudges are held. Cheap is not being efficient, and the company does not know the difference. merit increases do not keep up with rate of inflation.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Fragmented, Difficult, in Need of a Major Culture Overhaul

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Managing Director  in  Pittsburgh, PA
    Current Employee - Managing Director in Pittsburgh, PA

    Pros

    Most people are hard working and dedicated, if underpaid.

    Cons

    At first, things were ok, but over time, the experience degraded with further bureaucracy, red-tape and a fragmented business model that trickles down through every aspect of the business. There is little to no control from the top, every business unit is allowed to weigh in and have a say in every decision which has the obvious negative effects of impeding progress and making it challenging if not downright impossible to streamline core systems, functions, etc.

    Advice to ManagementAdvice

    All, please allow your experts to make the decisions closer to the line. Your operating model is failing and its costing you money.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Big Bank. American Bank... Outsourcing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Depending on your manager, your life can be great with a good balance of work and life. IF you don't get a micromanager your job can be fulfilling as well.

    Cons

    They have no real sense of expansion in the technology realm. Big bank... little to no technological innovation. Who deals with large funds without the development and integration as well as continued maintenance of automated systems? Outsourcing 20% of State Side Jobs to India... while MD's and above get pay raises?

    Advice to ManagementAdvice

    If you keep outsourcing you'll no longer be an American bank... good luck with that.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Former IT employee of over 10 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Specialist, Vice President  in  Pittsburgh, PA
    Former Employee - IT Specialist, Vice President in Pittsburgh, PA

    Pros

    Many good employees to work with. Work/life balance is good if you are not in IT. Vacation time is one of the good things that are left. Decent 401k (no pension anymore however) Good employees can get decent bonuses (if you are liked by management and always say YES)

    Cons

    Recent cuts in benefits and pathetic raises compared to market. You are rated on a bell shaped curve based on what senior management wants the distribution to be, regardless of your actual performance. The goals set by senior management are not usually achievable so they can rate you however they like. You can expect layoffs every few years in favor of moving work out of the USA where they can pay employees 12x less. If you are a regular employee, do not expect to ever be moved into management, especially if you are a good performing employee.

    Every employee will hear "be thankful you have a job" from multiple managers since the BNY/Mellon merger

    In general, they will do anything to anyone to maximize profits and management will lie to you due to the internal politics. If you do accept a job there, make sure you document everything.

    Advice to ManagementAdvice

    Start actually listening to employees. Middle management does not pass reality up to senior management. Many managers have no problem throwing their employees under the bus for advancement.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    It is a professional atmosphere with friendly people to work with. All of the people I worked with were friendly, and the managers I worked with were all friendly and very helpful in my career. It is a work environment where you will get more work if you put in the hours

    Cons

    Upper management is continually trying to cut labor expenses, so people are getting laid off. The medical plan is awful, and the raises are very low.

    Advice to ManagementAdvice

    Try to care a little more about your coworkers and less about the bottom line NAV

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Processing

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great training for their employees.

    Cons

    Long hours but great benefits.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    was very interesting to learn so much about banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Secerity Clerk  in  East Syracuse, NY
    Former Employee - Senior Secerity Clerk in East Syracuse, NY

    Pros

    well the best thing about working there was learning more about banking, and being in a group where we all have a common goal to be the best that we can be

    Cons

    training is iffy, it seems know one has time to give you proper trainig

    Advice to ManagementAdvice

    I think they always tried to keep us up on coming events .

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Started out great as Bank of NY hire - ended with layoff as BNY Mellon moved everything to Pittsburgh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Level Role In Human Resources  in  New York, NY
    Former Employee - Senior Level Role In Human Resources in New York, NY

    Pros

    Bank of NY benefits were 2nd to none; work life balance; people; my leadership team; diversity; reputation; culture

    Cons

    Mellon changed everything - benefits declined; severance offering cut in HALF for most; Pittsburgh infused culture as everything in NY was migrated to Pittsburgh; less emphasis on quality; wrong people in high level jobs.

    Advice to ManagementAdvice

    While I understand the need to be cost efficient, that does not mean laying off the All-Stars from NY and replacing them with mediocre talent in Pittsburgh. You get what you pay for and I know you are realizing that now. Hire where the talent exists or at least consider relocating key talent to your growth centers - maybe some will actually consider relocating to the new mother ship.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    The company has changed drastically.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Applications Developer IV  in  New York, NY
    Former Employee - Applications Developer IV in New York, NY

    Pros

    Coworkers were great to work with. Environment was good, with many employees there for 10 - 15 years or more. Very knowledgeable group of people. Good 401k. Interesting work. Did a pretty good job of training employees after the Irving Trust takeover.

    Cons

    Pay was always lower but profit sharing at the end of the year made up for it. Profit sharing was terminated but salaries never got any better. Second line manager was disinterested in the careers of the people who worked for him. After Mellon merger considered operations in New York (and suburbs) an expense and not worth the cost. I trained 2 people to take my job.

    Advice to ManagementAdvice

    Provide career paths for employees. Engage employees. Regular skip level meetings would be a good.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    I am optimistic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Debt Service Analyst
    Current Employee - Debt Service Analyst

    Pros

    Work/ life balance and potential for growth because of "pending situations in certain departments"

    Cons

    Office culture and they hire way too many people who are undereducated. It should be required that people have at least a bachelors degree in some roles. Who cares if you've been there 20 years? Most people who are undereducated who have been here forever are not contributing and are over paid.

    Recommends
    Positive Outlook
    Approves of CEO

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