BNY Mellon

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2 people found this helpful  

Archaic, but stable company who cares about your future

Investment Management Services (Former Employee) Orlando, FL

ProsGood 401(k) match. Good vacation time options. Many health and other insurance benefits to choose from. Although primarily a custodial bank, this behemoth has many departments and companies it owns to allow you to expand your career in different areas of the business. Also, one of very few companies left offering a pension plan. Very dedicated to diversity and inclusion among any "minority" group you can think of. Most roles are non-exempt, so overtime helps you increase your salary to a half-decent living situation.

ConsTerrible advancement rules with upgrades in salary grade or transfers/promotions to other departments. If your current salary is anywhere within the massive range of the salary grade of your promotion or transfer, you keep your salary. This ends up forming groups of people where analysts are hired on making more money than senior members of the team and supervisors, and discourages employees from wanting jobs with extra challenge.
Only the very top of the food chain receives bonuses or stock awards.
Extraordinarily bureaucratic.

Advice to Senior ManagementSpend some time revisiting some of the ridiculous rules in place for the advancement of your employees.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Avoid fund accounting at all costs

    Anonymous Employee (Former Employee)

    I worked at BNY Mellon full-time for more than 8 years

    Pros: If you're desperate for money, I guess the paycheck could… Cons: If you show an ounce of competency or talent you will be swimming in work while less competent employees browse the internet and take 2… Advice to Senior Management: Why bother? You don't listen. You're ranked as one of the worst companies to… No, I would not recommend this company to a friend More

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    work here if you want a soul sucking dead end job

    Trade Specialist (Former Employee) Pittsburgh, PA

    I worked at BNY Mellon full-time for more than 3 years

    Pros: There was a decent amount of vacation time. The best part… Cons: unrealistic goals are set that you have to reach to even be considered for your less than cost of living increase "pay raise", no work/life… Advice to Senior Management: Actually learn what your team does and then find real ways to make things more efficient and help people rather than standing around cracking the… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More

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