BNY Mellon

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

 

Good, but could be better.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Senior Analyst in Boston, MA
Current Employee - Senior Analyst in Boston, MA

I have been working at BNY Mellon

Pros

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

Cons

Different 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 ManagementAdvice

Work 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.

Approves of CEO

1324 Other Employee Reviews for BNY Mellon (View Most Recent)

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  1. 1 person found this helpful  

    At least we aren't going under

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Project Manager in Jersey City, NJ
    Current Employee - Project Manager in 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 do I could spend the whole day reading. I'm glad they got out of the mortgage business and happy they are conservative.

    Cons

    no promotional opportunities. cubicles are small, , not enough people, layoffs frequently. Would like closer scrutiny of the managers in Jersey City, they have some very weak ones.

    Advice to ManagementAdvice

    get rid of the old boys network, put in standards for managers and make them accountable

    Recommends
    Approves of CEO
  2.  

    Good Company with Room for Improvement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Operations Specialist in Pittsburgh, PA
    Current Employee - Operations Specialist in 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 , Many Friendly People work at the Bank of New York Mellon and it is possible to meet new friends in your coworkers. For entry level jobs, there are a lot of young people working within the company especially due to the ever expanding role that the new company plays in the Corporate Investment marketplace

    Cons

    Sadly, there is a Low starting salary for most positions and in the entry level jobs there is high turnover in some areas, High workloads at times however most entry level jobs offer the oppurtunity for a salary and overtime

    Advice to ManagementAdvice

    Appreciate the small people more

    Recommends
    Approves of CEO
There are newer employer reviews for BNY Mellon

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