There are newer employer reviews for BNY Mellon

 

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 for 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

1234 Other Employee Reviews for BNY Mellon (View Most Recent)

Sort: Rating Date
  1. 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 for 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
  2. 1 person found this helpful  

    BNY mellon is a good place to start your career but not to end your career

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

    I have been working at BNY Mellon full-time for more than 3 years

    Pros

    Relaxed work environment, great people to work with, good training, decent hours depending on which department, exposure to different kinds of people and personalities.

    Cons

    No opportunity to excel, company gives horrible raises and lucky to even get a bonus, very narrow exposure on different business sectors, sometimes office environment can be very informal.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for BNY Mellon

Worked for BNY Mellon? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.