BNY Mellon Reviews in Boston, MA | Glassdoor

BNY Mellon Boston Reviews

Updated March 29, 2017
61 reviews

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Boston, MA

3.2
Star Star Star Star Star
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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
21 Ratings

61 Employee Reviews

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Pros
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  1. "SVP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    High quality investment affiliates, very competitive compensation and benefits package. High quality people.

    Cons

    Leaders on the asset management side were compensated excessively for mediocre results. Distribution struggle between affiliates and parent company that is ongoing. Needs to be solved.

    Advice to Management

    Tie leadership to specific growth or revenue targets. Do not cap sales professionals that deliver alpha over goals.


  2. "Foreign Exchange Intern/Temp"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - FX/Temp in Boston, MA
    Current Intern - FX/Temp in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at BNY Mellon as an intern (Less than a year)

    Pros

    Great coworkers
    Easy to connect with other parts of BNY Mellon in the building
    Good location in Boston
    Flexible hours

    Cons

    Difficult to get major projects in motion
    A lot of phone-based group projects

    Advice to Management

    Keep doing the same, but improve communication on large scale projects. Perhaps as simple as having a centralized list of all ongoing projects that ALL employees can see.


  3. Helpful (1)

    "Legacy"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Boston, MA
    Current Employee - Operations Analyst in Boston, MA
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at BNY Mellon full-time (More than 3 years)

    Pros

    Strong financial industry reputation, high networking potential due to multi client facing teams

    Cons

    Lack of innovation, weak business leadership, too centered on expense reduction and cost savings, cannot keep talent

    Advice to Management

    Increase talent retention programs, strengthen revenue generating businesses, less reliance on offshoring


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  5. "Business Development Officer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development in Boston, MA
    Former Employee - Business Development in Boston, MA
    Recommends
    Positive Outlook

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

    Pros

    Industry leader, well-respected, solid image

    Cons

    slow moving, lack of coordination between business units

    Advice to Management

    Increase local communication between manager and employee


  6. "Good First Job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Boston, MA
    Current Employee - Relationship Manager in Boston, MA
    Neutral Outlook
    No opinion of CEO

    I have been working at BNY Mellon (More than 3 years)

    Pros

    Good company to start with right out of school

    Cons

    No defined path for young employees looking to grow their careers


  7. "Service Director"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    No opinion of CEO

    I have been working at BNY Mellon (Less than a year)

    Pros

    People work hard and want to do a good job.

    Cons

    Not focused on customers. Too many things going on at one time. No internal organization and terrible senior management.

    Advice to Management

    Go back to the basics and make things more simple and enjoyable.


  8. "Best in the industry"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Boston, MA
    Current Employee - Analyst in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Growth within the company
    Treated like a person, not a number
    Work/Life Balance

    Cons

    It takes some time to get that first salary bump. But well worth the wait

    Advice to Management

    Nothing. Management tries very hard to make sure their employees hard work is escalated. Just remember that means you have to work hard, it's not just handed to you.


  9. "Bad culture"

    Star Star Star Star Star
    • 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

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

    Pros

    Most of the people who work here are genuinely nice.

    Cons

    Bad internal culture, no buy-in.


  10. "accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Boston, MA
    Former Employee - Accountant in Boston, MA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    international company, global market, cause wear in the office

    Cons

    limited advance opportunity, old school

    Advice to Management

    focus on add value not cut cost


  11. Helpful (6)

    "Re-active Management - No Strategy - Asset Servicing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Boston, MA
    Current Employee - Relationship Manager in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Employees always try to do the right thing in spite of a lack of management direction.
    flexible work arrangements definitely a plus.

    Cons

    Sr. Management's approach to cost savings - Layoff! (strategy does not work)
    Employees are doing more with less help - Sr. Managements response., rate everyone a meets expectation!
    Sr. Management claims there is no bell curve in performance management system. Blatant lie!
    Low cost locations result in jobs being eliminated in Everett and Boston.

    Advice to Management

    Management needs to learn to motivate staff. Moral is at an all time low. Client satisfaction has taken a significant hit. This is a direct result of the continued layoffs and letting talent walk out the door. They need to understand that it has been proven out that layoffs result in overall cost savings. It is short term relief and long term damage.


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