BNY Mellon

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

2 people found this helpful  

A different company than it was years ago.

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

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

Pros

Main pro is that they pay me. To compensate the low annual increase, they will give a bonus of a couple of thousand dollars. Nothing like the big investment firms, but it's better than nothing.

Cons

Limited opportunities for most. Salary increases are 1-2% on average. Layoffs every few months. People fear for their jobs. Good people with years of experience are replaced by offshore staff.

Advice to ManagementAdvice

Management states that we are their most valuable asset. If only they practiced what they preached. We're a commodity that will be tossed aside the moment they can save a buck by replacing us.

Doesn't Recommend
Neutral Outlook
Approves of CEO

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

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  1. 1 person found this helpful  

    Good work and dedicated people, limited advancement opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Pittsburgh, PA
    Current Employee - Project Manager in Pittsburgh, PA

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

    Pros

    Global organization with managers who truly appreciate diversity.
    Backbone of economic flow of cash and capital globally.
    Emerging focus on empowering and recognizing talent (more), but not there yet.
    Professional development opportunities through newly unified training/development organization.
    Risk management culture has created one of the "safest banks in the US" (per financial crisis)

    Cons

    Even with outstanding performance record over many years, limited advancement.
    Anecdotally, many employees feel frustrated by lack of rewards (e.g. pay raises and bonuses), and lack of recognition.
    Culture aspires to employee empowerment and "continual improvement", but is hampered by fiefdoms and industrial-era management style.
    Risk management culture stifles creativity
    Senior leaders communicate an attractive vision of the future, but struggle to execute and make this tangible to most

    Advice to ManagementAdvice

    Figure out how to engage, empower, and unleash the potential of many more employees beyond a select few. Remove the clock-punching deadwood people who simply don't care. Recognize and promote many more existing staff, rather than looking primarily outside for solutions to problems.

    Recommends
    Positive Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    A good company to work for but if you want to advance, forget it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources Administrative in Pittsburgh, PA
    Current Employee - Human Resources Administrative in Pittsburgh, PA

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

    Pros

    support of co-workers, 1 hour lunches, vacation time starts day one.

    Cons

    no room for advancement unless your are known by a Manager or "special", raises are horrible while Managers bonuses are on the rise. Senior Mgmt doesn't care about employees, just numbers.

    Advice to ManagementAdvice

    why bother

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

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