There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (3)

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

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
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 (More than a year)

Recommends
Neutral Outlook
No opinion of CEO
Recommends
Neutral Outlook
No opinion of CEO

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 Management

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

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  1. Helpful (2)

    Maximum 2 years then get out

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

    I have been working at BNY Mellon full-time (More than 3 years)

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

    Pros

    Work is easy. Does not require any financial service experience at all. 22 out of 30 days of the month you do about 3 solid hours of work a day. I had the privilege of working with a great group of people in an extremely casual laid back atmosphere. Just get your work done and no one bothers you. Great job for recent college grads to get experience in a corporate setting and learn BASIC office skills. Stay 2 years MAX then leave.

    Cons

    Compensation is pathetic considering geographic cost of living. Annual raises don't even keep up with inflation so you're actually losing money in the long run. Work is mundane and not challenging. Jobs are going to Florida, Delaware, and India. When people quit, they are not replaced. Those who are left are forced to do the extra work. God help you if someone calls out sick or goes on vacation.

    Advice to Management

    There are few senior managers that actually care and recognize hard work. most are MORONS who make 6figures and don't do anything but update their fantasy football rosters. Advice is to compensate better and distribute work evenly. Higher employee satisfaction equals less job turnover.


  2. Helpful (8)

    full of useless people

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

    I have been working at BNY Mellon full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    pto, bank holidays, sick time separate from pto, gain 1 week of pto after 3 years, good location, free vested pension, good benefit plans.

    Cons

    no career advancement or professional development. full of useless people where 75% of department is wasteful personnel that are unhireable outside of bnym, probably the reason why there are so many old people there. too many middle managers. merit raises for the people that work hard is $1000 annual. thanks for the extra $.20 per pay that won't even buy me food from mcdonalds. bonuses are only for managers that take credit for the work of the people that are doing the work for them and struggling financially.

    Advice to Management

    fire the middle managers and give the money you saved to the people that actually did the work. give the people that did the work bonuses. tell hr to stop being cheap and pay people fair market value, especially if they are trying to move within the company instead of the b.s. pay grade policy that is over ridden if you know the hiring manager. practice what you preach or continue to look like liars and fools because your company just made the worst place to work for. keep it up and you will end up with 1 star.


There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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