Bank of New York Mellon Reviews

Pros

Very accomodating to a life work balance.

Cons

Financial compensation is not in line with the rest of the industry. Professional and financial growth is very difficult to obtain in the technology portion of this bank.

Advice to Senior Management

Provide higher value on maintaining qualified talent versus cost efficiency. The cost cuts being done were detrimental to the actual productivity of the product.

Pros

Easygoing Management, good benefit package, a lot of vacation time, corporate discounts, great location

Cons

Too much work for the pay received, disorganized management, coworkers are not professional

Pros

Depending upon the line management i.e. old BNY vs. new BNYM true feeling of partnership still exists. Never a loss to learn something new and obtain training.

Cons

Challanging enviroment under newest leadership the belt was tightened too tight, loss of key personnel, senior management lost thier way. Stock performance is not going anywhere fast. Questionable leadership on top

Advice to Senior Management

Wake up and smell the coffee. Time to get back to basics and stop the in-fighting

Pros

The benefits are decent. They match your 401k contribution up to 5%

Cons

Assistant team leaders do not make much more than admins but Team leaders make significantly more than assistant team leaders. ATL position is the worst position in the department.

Advice to Senior Management

More pay for ATLs

Pros

Teamwork, nice colleagues
Job Promotion, office locations close to public transportation

Cons

Very poor bonus and salary increase. Favoritism on performance reviews. Senior management does not care about your development and they will lie you.

Advice to Senior Management

None

Pros

Wonderful colleagues. Wonderful networking opportunities, groups, community outreach, etc.

Cons

Communication and technology have improved over time but it took a while to catch up to other organizations.

Advice to Senior Management

Honest communication is key.

Pros

Good Benefits
Basic skills needed
A monkey could work here the jobs are so boring and simple

Cons

Horrible pay
Employees are overworked
Management has no clue what they are doing
No recogniton for good work

Advice to Senior Management

Start paying attention more. Stop micro-managing and learn everyone's job so that you can actually help out or answer questions that people beneath you ask.

Pros

Highly competent colleagues, commitment to professionalism and customer service, recognition of need for work/life balance, very good benefits, company is well-managed and has weathered economic storms better than other banks.

Cons

Raises minimal, regardless of performance and the company's profitability. Not much career growth or development.

Advice to Senior Management

Reward employees for making company's profits possible by increasing salaries, or at least create opportunities for raises through performance

Pros

BNY Mellon has a great corporate culture and industry leadership

Cons

Limited room for growth and development

Pros

Good hours, benefits are nice, salary is just okay, managers tend to be pretty nice and understanding.

Cons

Salary could be better, management sometimes "talks down" to employees. Lack of communication and teamwork between some groups.

Advice to Senior Management

Encourage better communication between different parts of the company and remember that employees judge everything and anything you say to them critically.