BNY Mellon

  www.bnymellon.com
  www.bnymellon.com
There are newer employer reviews for BNY Mellon

1 person found this helpful  

Bank of New York Mellon is an average place to work

Current Employee - Fund Administrator in New York, NY
Current Employee - Fund Administrator in New York, NY

I have been working at BNY Mellon as a contractor

Pros

They give you a lot of independence in completing projects

Cons

The culture is missing at the firm with a high turn over rate and employee dissatisfaction

1355 Other Employee Reviews for BNY Mellon (View Most Recent)

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  1. 1 person found this helpful  

    Stepping stone opportunity

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

    I have been working at BNY Mellon full-time (more than an year)

    Pros

    It's slightly better than unemployment, although I question that sometimes.

    Cons

    The pay scale is very low...no where near industry average. Most of the employees there are seniors that been with the company so long that when they were hired degrees wasn't mandatory, so they'll pretty much take anything. They can't attract new talent to save their lives. They don't plan on being competitive and retaining employees,bc they can outsource their work to India which is less expensive. Most of their work is going to India as we speak. The Valley Forge/kop office is filled with individuals who would accept anything for working.

    The longer you stay the harder it will be to leave.

    Advice to ManagementAdvice

    Invest in your employees and focus on employees retention.

    Doesn't Recommend
    Disapproves of CEO
  2. 2 people found this helpful  

    Sinking Ship

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

    I have been working at BNY Mellon full-time (more than 10 years)

    Pros

    Free water - they make you pay for coffee though.

    Cons

    Nobody knows what is going on. Management is schizophrenic. Turnover is high. Everything is being outsourced to India. Policies and procedures being put into place test the limits of common sense. Raises are about 1% a year and they delay them at will. There is no room for advancement because people who quit are not replaced. This leads to the rest of the team doing double the work for no more pay. Needless to say, morale is awful.

    Advice to ManagementAdvice

    Just sell the asset servicing business to the highest bidder. It's obvious you don't want it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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