BNY Mellon
2.8 of 5 998 reviews
www.bnymellon.com New York, NY 5000+ Employees

998 Employee Reviews (View Most Recent)

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1 person found this helpful  

Below industry average pay, lacks career growth opportunity

Senior Analyst (Current Employee)
Tacoma, WA

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

ProsHours are flexible, work from home, easy vacation scheduling. The company also values new ideas and innovation, and an employee can directly effect the enhancement of a product or practice.

ConsBelow industry average salary, with no opportunity for bonuses or performance based raises. Yearly cost-of-living increase consistently falls below inflation rate.

Recognition at the company is dissatisfactory. While one employee can effect products or practices, receiving praise or reward for doing so is extremely rare. Coupled with no bonuses, this fosters an environment where employees lack any incentive to improve existing conditions.

Career growth is also mostly stagnant. The company has significant difficulty retaining talented employees, and the remaining workforce consists of many "lifers", older individuals who are okay at their one specific job function, and have no desire to go further. This lack of personal drive rebounds off management and fosters an environment where having ambition to grow is considered an annoyance.

Advice to Senior ManagementTake the time to understand what motivates your employees, and offer those motivations as incentive. More competitive pay and opportunity for performance bonuses would be ideal.

No, I would not recommend this company to a friend

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1 person found this helpful  

VP, ops mgr

Anonymous Employee (Current Employee)

I have been working at BNY Mellon full-time for more than 8 years


Pros: Decent benefits, great work team Cons: 5+ years of poor raises - as a manager having comp discussion with hard working staff is a nightmare - hard to tell them "you… Advice to Senior Management: Senior mgmt viewed as greedy and clueless about what is actually happening in the trenches - some shared sacrifice is… 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

 

Good but not the best...

Trust Associate (Current Employee)
Houston, TX

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


Pros: OK salary, pretty good benefits, flexible schedules, nice loacation, stability… Cons: Pay is subpar compared to same roll with other companies, no bonuses unless in management, raises… Advice to Senior Management: Better look at payscale from the bottom. Also the promotion process needs some attention. Otherwise the company is pretty nice to be with.… Yes, I would recommend this company to a friend More

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