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

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Helpful (6)

Company going donwhill - hostile work environment under CEO Gerald Hassell

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Boston, MA
Current Employee - Anonymous Employee in Boston, MA
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at BNY Mellon full-time (More than 8 years)

Pros

BNY Mellon was previously a fantastic company with strong values and a true client service focused atmosphere. I was proud to work here. Line managers allow you to take on many special projects so that you can grow both personally and professionally. Flexible work arrangements here are second to none.

Cons

The company has changed dramatically over the past year and more specifically since CEO Gerald Hassell took over for Bob Kelly. While cost cutting measures are critical to our stability and growth, employees are paying the price for expensive acquisitions that have not seen the ROI we expected. Employees have seen bonuses eliminated, Health Insurance benefits go downhill, a freeze on raises, a freeze on even managers buying coffee and donuts at a meeting. Employees have to use their own personal laptop and cell phone and travel to meetings with no reimbursement. Job "restructuring" singling people out for demotion. This is the nightmare we heard about that was the culture at The Bank of New York and it is now being revisited.

Advice to Management

Pay attention to your number one asset which is the skill and knowledge base of your employees. You cannot keep chipping away at morale and expect the company to be successful.

Other Employee Reviews for BNY Mellon

  1. Helpful (2)

    Performance analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great work life benefits, great for straight out of college

    Cons

    Compensation is poor, no room for growth, upper management seems lost.


  2. Unique

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    I learned a lot about the financial services industry and trading.

    Cons

    Employee engagement always involved alcohol and training and advancement were not done properly


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

See Most Recent

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