Mellon Capital Management

  www.mcm.com
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Mellon Capital Management Reviews

Updated Jul 30, 2014

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All Employees Current Employees Only

2.6 30 reviews

53% Approve of the CEO

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Gabriela Parcella

(15 ratings)

48% of employees recommend this company to a friend
30 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Decent place to work, lots of good people.

    Anonymous Employee (Former Employee) San Francisco, CA

    ProsInteresting group of products, with lots of smart people. Career opportunities are made available., along with training. Most coworkers are approachable (including senior management) and helpful when needed. As part of the BNY Mellon organization, decent benefits are provided. Great location in SF. The CEO has great potential to be a long term high performer.

    ConsWork/life balance seemed to vary widely between working groups. As is too often the case, it all boils down to who your manager is as to whether you are lucky enough to actually experience any "balance." Active nature of product line means that revenue is deeply dependent on performance -- if one group of portfolio managers underperform it can (as has) negatively affect the whole company for years.

    Advice to Senior ManagementNone.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    Good organization overall. Friendly and approachable colleagues.

    Anonymous Employee (Current Employee)

    ProsColleagues are friendly and approachable at all levels of the firm. Work/life balance is possible for most and benefits package is good. Most managers allow teams to work independently which encourages learning.

    ConsVery slow moving in keeping up with the competition, especially with IT innovations. Sometimes it feels like the firm is trying to do to provide too many strategies.

    Advice to Senior ManagementStay approachable, but be more aware of morale. Transparency is welcome. Management training should be mandatory - middle managers need to be held accountable and learn how to nurture quality teams so talent doesn't leave.

    Yes, I would recommend this company to a friend

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    Past its prime

    Onboarding (Current Employee) San Francisco, CA

    ProsPeople are nice and generally willing to help. Nice location. Starts with 3 weeks vacation. SOME level of flexibility is possible (depends on job requirements).

    ConsBureaucratic organization. Salary below regional industry average, and perks have been cut significantly since 2008. Company suffered since recent change of management.

    Advice to Senior ManagementStop the pep talk, just own your mistakes and try to get better!

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Approves of CEO

     

    Would never go back

    Anonymous Employee (Former Employee) San Francisco, CA

    ProsCEO is great, she is a well rounded leader, casual dress in this industry is pretty unique

    ConsCulture and environment were mentally draining

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Good place to begin career.

    Investment Fund Accountant (Former Employee) Pittsburgh, PA

    ProsRelaxed corporate culture and good people.

    ConsSalary and advancement opportunities

    Advice to Senior ManagementInitiate a retention program for valuable employees.

    Yes, I would recommend this company to a friend

     

    badly managed trade clearing department

    Anonymous Employee (Former Employee)

    Prosmanagement from that period is gone or mostly gone.

    Consthe management the clients of Mellon had bad opinions of Mellon, a reflection of bad management

    • Culture & Values
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    1 person found this helpful  

    Past its prime

    Anonymous Employee (Former Employee) San Francisco, CA

    ProsThe people, though the good ones are dwindling rapidly.

    ConsSalaries have not been competitive for a few years, and with the market bouncing back, the number of employees leaving voluntarily has increased dramatically. Several rounds of lay offs are also depleting the staff and having a serious impact on morale.

    Advice to Senior ManagementStop ruling with an iron fist and listen to the staff. Morale is at its worst point ever and people are actively looking for other opportunities.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

    1 person found this helpful  

    Good company if you have the right department manager and leadership!

    Anonymous Employee (Former Employee) San Francisco, CA

    ProsMajority of people are knowledgeable and portfolio management teams are smart an solid.

    ConsOperational errors tend to persist and annually there are 1-2 round layoffs, thus, thus morale is poor. That said, there is definitely room to cut fat, especially people who are in management positions (Director and Managing Directors who are often just in their position not because of add value but due to years of service or brown nosing senior management).

    Advice to Senior ManagementYou get what you pay for, so don't hire from within simply to save money. Talent, experience, and know how costs money and will save money long-term (mitigate risk and errors).

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    The best years of this firm are behind it.

    Anonymous Employee (Former Employee) San Francisco, CA

    ProsThe prior CEO Charlie Jacklin was an inspirational leader.
    Clients were well served. Revenues and profits increased explosively. Employees grew and prospered.

    ConsClients are haemorraging and revenues have been sharply declining since the new CEO took over in March 2011. Layoffs are steady, persistent and pernicious. As a result morale has been declining.

    Advice to Senior ManagementIt would be helpful to get a CEO that knows the difference between a bail bond and a convertible bond. One who deeply understands all aspects of the investment management business. One who knows that one cannot grow a business by simply cutting. There's more to leadership that counting beans.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    MCM Pittsburgh

    Anonymous Employee (Former Employee) Pittsburgh, PA

    ProsWork/Life Balance - 3 weeks vacation after 3 years of working and 4 weeks if an exempt employee.

    Friendly Co-workers

    ConsPay - Too many GOOD employees are leaving the company. Pay is way lower than industry standards. MCM offers bonuses which is nice, but when you're hired HR will tell you to expect between 10-15% bonus, but actually the bonus is more like 2%. Forget standard 3% cost of living raises, expect around 1% yearly raise. Basically every year the employees are getting pay decreases due to not mirroring the inflation rate.

    Pittsburgh office - The company generally looks at Pittsburgh as the red headed step child. Employees in San Francisco get many perks that Pittsburgh doesn't. San Francisco gets free Starbucks coffee, Pittsburgh gets free Flavia coffee which tastes like chemicals.

    Dress Code - Jeans are permitted daily. For a "professional" company this is unacceptable especially when people abuse the dress code and wear sweatshirts and sweatpants to work.

    Advice to Senior ManagementIf you want to keep quality employees within the company than please start paying more. The turnover rate at this company is astonishing and the common complaint is pay.

    No, I would not recommend this company to a friend

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