There are newer employer reviews for BNY Mellon

2 people found this helpful  

Archaic, but stable company who cares about your future

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Investment Management Services  in  Orlando, FL
Former Employee - Investment Management Services in Orlando, FL

I worked at BNY Mellon full-time for more than 5 years

Pros

Good 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.

Cons

Terrible 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 ManagementAdvice

Spend some time revisiting some of the ridiculous rules in place for the advancement of your employees.

Doesn't Recommend
Positive Outlook
Approves of CEO

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

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  1.  

    A good place to work to learn about securities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stock Transfer Agent  in  College Station, TX
    Former Employee - Stock Transfer Agent in College Station, TX

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

    Pros

    good pay, extensive training and great benefits. The job itself is easy if you pay good attention to detail, it's an excellent job for a single person because there are no unexpected absences to deal with.

    Cons

    very busy tax season, not the most family friendly as far as taking suck days goes, bought out by Computershare so I don't know how it is working for them.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Nice to work there.

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

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

    Pros

    Easy life style. Balanced work/life.

    Cons

    Somewhat politics play an important role.

    Advice to ManagementAdvice

    Be more aggressive in compensation to stimulate the 20% true work force.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for BNY Mellon

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