There are newer employer reviews for BNY Mellon

Helpful (1)

Lagging behind in tech, but finally trying to catch up

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

I worked at BNY Mellon as a contractor (less than a year)

Doesn't Recommend
Neutral Outlook
Doesn't Recommend
Neutral Outlook

Pros

You're at the hub of the financial world. A lot going on around you. If you're a main-framer, this is the place for you!

Cons

They seriously lag behind in the technology world. The client machines use OS's that are two generations behind. Everything is locked down, which makes it harder to move ahead.

Advice to Management

I can only suggest things as far as IT goes. It is time to hire more technical folks and start at redoing the infrastructure. Not only will it create jobs, but also help the bank move into the 21st century.

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  1. Helpful (2)

    Data jockeys wanted at BNY Mellon

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

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

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

    Pros

    Very easy work. If you graduated from a decent college, you are already smarter than most people there.

    Cons

    Monotonous work, day to day grind. No career planning or mentoring. Very low pay, and moving up is based almost purely on seniority versus ability and work ethic.

    Advice to Management

    Paying the bare minimum seems smart, but employee turnover, lack of ingenuity, and creative thinking hurts more in the end.

  2. Can't get out of its own way

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

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

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

    Pros

    Occasionally good work & life balance

    Cons

    Inept management focused entirely on fee revenue, no IT support, 10+ year old computers that require multiple boot ups, compensation focused on who supports the correct boss (b/c you get more than one).

    A perfect example of BNY Mellon is its Christmas Party. Held every year on the 54th floor of 200 Park Ave, you eat cheap food in other people's cubicles and they serve 2 buck chuck for wine...and it's held on Mondays to discourage attendance.

    Advice to Management

    sell

There are newer employer reviews for BNY Mellon

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