BNY Mellon

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Good, but could be better.

Senior Analyst (Current Employee) Boston, MA

ProsSafe and stable. Despite the "Bank" in the name, not a traditional bank. Mostly asset servicing, asset mgt and private wealth.

ConsDifferent units never seem to know what the others are doing. For example, we sell accounting services and analytical software. But most internal units use products from competitors. Something like 19 different accounting systems used at the various asset mgt units. And they go outside to Barra, FactSet and RiskMetrics instead of in-house products. To contrast, the largest user of Yield Book is Citigroup. If a product or service isn't used by your own people, how good can it be?

Advice to Senior ManagementWork better to develop synergies between units where it makes sense. Obviously groups should be run independently, but where it makes sense to work together (unified asset management reporting), get them to talk to each other. Avoid having units compete with each other. Also don't be afraid to give us bad news. When we aren't doing well, we'll all like to know. Let us know what we can do to grow the business. And finally I'd like to see Excellent promoted across the firm. A lot time we strive to be average, when we could do much better.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    At least we aren't going under

    Project Manager (Current Employee) Jersey City, NJ

    I have been working at BNY Mellon


    Pros: nice offices, and some nice people. We get in someways overloaded with information, which if I didn't have a job to… Cons: no promotional opportunities. cubicles are small, , not enough people, layoffs frequently. Would… Advice to Senior Management: get rid of the old boys network, put in standards… Yes, I would recommend this company to a friend More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good Company with Room for Improvement

    Operations Specialist (Current Employee) Pittsburgh, PA

    I have been working at BNY Mellon


    Pros: There are countless Oppurtunities for Advancement. There is definately Good Work Atmosphere and it is almost enjoyable to go to work every day ,… Cons: Sadly, there is a Low starting salary for most positions and in the entry level jobs there is high turnover… Advice to Senior Management: Appreciate the small people more Yes, I would recommend this company to a friend More
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