BNY Mellon

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

 

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 (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

1360 Other Employee Reviews for BNY Mellon (View Most Recent)

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  1.  

    work here if you want a soul sucking dead end job

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

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

    Pros

    There was a decent amount of vacation time. The best part of working there was the days when I didn't have to be there.

    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 balance- this place is like office space and they expect you to work all hours, an extremely boring, mind numbing job, and management is clueless.

    Advice to ManagementAdvice

    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 whip. My experience was that my manager just constantly went out for coffee, or to the gym, and was never actually around. And then when he was around he'd just yell at people over stupid things. And got paid big bucks for this?! REALLY?!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Do NOT even think about working for BNY Mellon

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

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

    Pros

    Bright, dedicated employees - most whose work ethic dates back to the PFPC days when quality mattered.
    Business-casual every day with dress-down Fridays.
    Optional telecommuting.

    Cons

    Where to begin?

    - Management is almost totally focused on short-term cost cutting. Little or no investment is being made in the division's future.
    - "Employee engagement" is just empty words. The infamous 2012 survey was filled with complaints and suggestions for change but management never acknowledged. Instead they trumpeted the few cherry-picked areas where the company wasn't below average
    - Raises are generally below inflation. Increases are tied to reviews as they should be, but the process is gamed so that it's almost impossible to achieve the "exceeds" rating needed for anything higher than 1%-1.25%, no matter what you've accomplished during the year
    - Even simple decisions end up going through multiple levels of management. Questions and ideas get kicked around so many times it can take weeks settle anything. No one has accountability; if a problem occurs there's tons of finger pointing but nobody tries to get to the root of the problem and fix it

    - And worst of all: Asset Servicing is being carved up and shipped overseas. When BNYM took over they said full-time employees would be augmented by a few offshore contractors whose positions could be added or eliminated as workloads required. Instead, people with 10 or 20 years worth of industry experience are being laid off and permanently replaced with Indian contractors who just got out of college and have no knowledge of mutual funds. Productivity's down and errors are up, but all that matters is that these guys (right, nearly all male) are a lot cheaper on payday. Asset Servicing has been an industry gold mine under previous owners but BNYM seems h3ll-bent on destroying it.

    Advice to ManagementAdvice

    None. It's clear from the way things are going that any serious ideas will be ignored.

    Just be sure to turn off the lights after you fire the last US employee.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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