There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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The company has changed drastically.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Applications Developer IV in New York, NY
Former Employee - Applications Developer IV in New York, NY

I worked at BNY Mellon full-time (More than 10 years)

Doesn't Recommend
Negative Outlook
No opinion of CEO
Doesn't Recommend
Negative Outlook
No opinion of CEO

Pros

Coworkers were great to work with. Environment was good, with many employees there for 10 - 15 years or more. Very knowledgeable group of people. Good 401k. Interesting work. Did a pretty good job of training employees after the Irving Trust takeover.

Cons

Pay was always lower but profit sharing at the end of the year made up for it. Profit sharing was terminated but salaries never got any better. Second line manager was disinterested in the careers of the people who worked for him. After Mellon merger considered operations in New York (and suburbs) an expense and not worth the cost. I trained 2 people to take my job.

Advice to Management

Provide career paths for employees. Engage employees. Regular skip level meetings would be a good.

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  1. was very interesting to learn so much about banking

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Secerity Clerk in East Syracuse, NY
    Former Employee - Senior Secerity Clerk in East Syracuse, NY

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    well the best thing about working there was learning more about banking, and being in a group where we all have a common goal to be the best that we can be

    Cons

    training is iffy, it seems know one has time to give you proper trainig

    Advice to Management

    I think they always tried to keep us up on coming events .


  2. Started out great as Bank of NY hire - ended with layoff as BNY Mellon moved everything to Pittsburgh

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Level Role In Human Resources in New York, NY
    Former Employee - Senior Level Role In Human Resources in New York, NY

    I worked at BNY Mellon full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Bank of NY benefits were 2nd to none; work life balance; people; my leadership team; diversity; reputation; culture

    Cons

    Mellon changed everything - benefits declined; severance offering cut in HALF for most; Pittsburgh infused culture as everything in NY was migrated to Pittsburgh; less emphasis on quality; wrong people in high level jobs.

    Advice to Management

    While I understand the need to be cost efficient, that does not mean laying off the All-Stars from NY and replacing them with mediocre talent in Pittsburgh. You get what you pay for and I know you are realizing that now. Hire where the talent exists or at least consider relocating key talent to your growth centers - maybe some will actually consider relocating to the new mother ship.


There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

See Most Recent

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