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2 people found this helpful  

Not the worst place to work, if you can get through the nepotism

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

I worked at BNY Mellon full-time for more than a year

Pros

Salary was pretty reasonable and the benefits were great.
Work was not very difficult and there were several opportunities for cross-departmental training.

Cons

Constant problems with their computer systems.
The department I was in, Backoffice Corporate Actions, had people in there that were there when the department started that would try to inhibit the possibility of newer employees moving up in the company, especially if you had kids or other obligations outside of work.
Though they paid tuition reimbursement for those who furthered their education, management made very little in the way of an attempt to reward them by helping them with their career progression.

Advice to ManagementAdvice

Worry more about retaining and promoting high quality employees who will be able to do an exemplary job in the long-term, as opposed to those who can do the job right now

Recommends
Neutral Outlook
No opinion of CEO

1247 Other Employee Reviews for BNY Mellon (View Most Recent)

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  1.  

    Ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trust Associate  in  Houston, TX
    Current Employee - Trust Associate in Houston, TX

    I have been working at BNY Mellon full-time for more than a year

    Pros

    People are cooperative and helpful to each other. Good benefits. Their medical plan is great lots of options. 401K is good.

    Cons

    Starting slalry is very low. Things keeps on changing continuosly and top management dont care for employees. Promotion happens very slowy.

    Advice to ManagementAdvice

    Think about employees.

    Recommends
  2.  

    Not that bad if you're willing to accept subpar pay rates.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT  in  New York, NY
    Current Employee - IT in New York, NY

    I have been working at BNY Mellon full-time for more than 3 years

    Pros

    Commute is pretty good for a city job. Impossible to get fired save for layoffs. Work environment is fairly stress-less and if you're in a tight-knit group, you're golden. Fairly consistent schedule (not too many unexpected late nights) so work/balance life is a bit better. Good recognition from the bosses (though this is really just my department - can't speak for others).

    Cons

    It takes forever to get things done because everything has to go through this complicated process where if someone doesn't like something, we have to start at square 1 again. While I said it's impossible to get fired, that's also a con. I feel like a lot of employees here were rejects compared to counterparts in better organizations. You wonder every day how some of these people ever passed an interview to work here. The worst part about BNYM is the extremely laughable pay. Benefits are good, but salary is near poverty line for many entry level NYC employees. It seems the trick is to work somewhere for a few years, then come back to the bank. Someone fresh out of college who works for BNYM for 6 years might make 45000 a year while someone who worked somewhere else for 2 years (regardless of pay figures there) then switching to BNYM might make 55000 after another 2 years.

    Advice to ManagementAdvice

    There's a lot of "fat" within certain groups of the company. Some departments can easily be done away with and the business would continue. Give better base pay for employees and be in tune with competitors' starting salaries.

    Recommends
    Approves of CEO
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