BNY Mellon

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

 

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 (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

1358 Other Employee Reviews for BNY Mellon (View Most Recent)

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  1.  

    Mellon has provided different approached that BNY would alone

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

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

    Pros

    relax environment, business casual, diversity.

    Cons

    Many locations would move your job any time

    Advice to ManagementAdvice

    communicate more

    Recommends
    Neutral Outlook
    Approves 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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