BNY Mellon Reviews in Everett, MA | Glassdoor

BNY Mellon Everett Reviews

Updated April 21, 2017
64 reviews

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Everett, MA

2.1
Star Star Star Star Star
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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
26 Ratings

64 Employee Reviews

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  1. "Accounting and Reporting Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounting and Reporting Specialist in Everett, MA
    Former Employee - Accounting and Reporting Specialist in Everett, MA

    I worked at BNY Mellon full-time (More than a year)

    Pros

    Room to learn a lot about financial markets. Let manager know you want extra work and you will be given it.

    Cons

    Automation, which is typical of any company. With automation comes layoffs, reorganization, functionalization.

    Advice to Management

    Incentivize your employees. Only hire those who are clearly willing to put the work in. Work gets funneled to those who want to learn and the others just sit there.


  2. Helpful (2)

    "Stay away if you can"

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

    I have been working at BNY Mellon full-time (More than a year)

    Pros

    Flexible hours and Work from Home

    Cons

    Highly political environment. Hard to raise a voice. Favoritism everywhere.


  3. Helpful (3)

    "Good solid company, standard big company metrics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Global Client Service Delivery in Everett, MA
    Current Employee - Vice President, Global Client Service Delivery in Everett, MA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at BNY Mellon full-time (More than 10 years)

    Pros

    Financial stability of the company is comforting. Having to not only be accountable to Wall Street, but also different levels of domestic and foreign governments keeps the company running lean.

    Cons

    Not many, aside from normal big company nuances. Pay is under market, promotions are sought, not given and a solid feeling of just being a number.

    Advice to Management

    Embrace more engaging office environments across facilities rather than keeping to just a select few. Also, allowing a greater number of positions to work remotely. Currently, remote solutions are at the discretion of the immediate manager, but should be reviewed at a higher level as well. With existing work habit big data in place, productivity of remote employees should be easily monitored.


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  5. Helpful (1)

    "Look Elsewhere"

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

    Pros

    Relatively straight forward work. Convenient

    Cons

    High turnover. No incentive to keep employees. Upper Management is absent relies on everyone else to do work while they defend their own. Horrendous department head. Promotions based on favoritism

    Advice to Management

    Get new Management


  6. Helpful (1)

    "Great place to start your career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Actions in Everett, MA
    Former Employee - Corporate Actions in Everett, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time (More than 8 years)

    Pros

    Vacation
    401(k)
    Maternity leave
    Gym
    People
    That's all the pros I can come up with after 9 years of working at BNYM

    Cons

    Long hours
    Stress
    No appreciation for hard-working employees
    Low salary
    Management
    Systems
    Merit increase + bonuses
    Bully middle managers
    Favoritism
    Men's world

    Advice to Management

    Invest in your employees
    Appreciate your hard working employees
    Keep an eye on middle managers who bully their employees


  7. "Investor Services"

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

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

    Pros

    Great people. Some groups enjoy a work/life balance while other groups shoulder more of the work.

    Cons

    Promotions are tough to come by. Company liked to hire outside employees into higher positions rather than promoting from within.

    Advice to Management

    Promote from within in order to retain employees. Employees would need to threaten to leave before being promoted.


  8. Helpful (4)

    "Associate"

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

    I have been working at BNY Mellon full-time

    Pros

    Not much anymore. Co-workers are nice, but all are jaded at this point. Vacation and benefits are still decent.

    Cons

    The company is all about pleasing Wall St. and the board these days. Cost cutting measures, sending jobs overseas, and reducing US headcount is all taking its toll. Every employee knows that they are not a valued member of a team any longer, but just a 'cost' figure on some executive's balance sheet...and the company is doing nothing to hide it anymore.

    Oh, and just like always, the company does not care if you spend 3 minutes or 3 decades with them, as they have zero focus on 'careers' at the company. Most of the long-term people have either left or been laid off. Some mid-tier managers/VPs are working on their gold watches (note: they don't get gold watches), but only because they can hide (or become yes-people and micro-managing parrots) and literally float to retirement. But all the young talent is leaving, no one wants to stay because working for BNYM these days literally sucks.

    Advice to Management

    Unless you are planning on offering all employees a considerable bonus at year's end, along with 15% raises across the board (I honestly just laughed while typing that), it's too late. The captains of the ship have lost the crew, and at this point you're going to get minimal return for what you've sowed. You've alienated those that will make-or-break the company at ground level through the upcoming transitional periods. Last I checked, that's not a good way to run a business.


  9. Helpful (1)

    "Accounting and Reporting Specialist Everett"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accounting and Reporting Specialist in Everett, MA
    Current Employee - Accounting and Reporting Specialist in Everett, MA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    37.5 hour week, 5% 401k match, overtime, quick and continuous promotional path, typically work around 41 hours, BNY Mellon looks good on resume, easy once you get the hang of it, stable large bank, sense of pride working for BNY, colleagues behave normally

    Cons

    They start entry level off at a low salary, high turnover, punch in and punch out culture, low level of employee engagement, company is always looking to cut costs and are often penny wise and pound foolish in regards to spending on things/salary for staff, a lot of people often talk about how they want to leave the company, many people don't really understand finance and just know how to do the operational side

    It's not a terrible job right out of college, but there are people in their late 20s/30s in my position making under 50k. Many people in back office are not sought after employees. The high turnover and culture of the office means you don't really know many people there well unless you've worked there for years. A lot of people plateau out at supervisor and I still cannot figure out why they still work there. A large part of my job is basically proving that I'm doing my job i.e. I'll do a daily reconciliation and clearly see there are no issues, but I have to print it out, sign it, turn it into a more senior associate, have them sign it, and then file it. They need to hire better people and trust them more instead of having a low wage worker-high level of supervision mentality.

    Advice to Management

    Be more competitive on salary, have more employee engagement events so colleagues can know each other, spend money on nice things such as free coffee, stop making us print and sign everything


  10. Helpful (2)

    "Client Service"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Everett, MA
    Current Employee - Senior Associate in Everett, MA
    Doesn't Recommend
    Approves of CEO

    I have been working at BNY Mellon full-time (More than 10 years)

    Pros

    Close location to where I live for a short commute; Love most of the people I work with. If you have the right manager you are able to work from home time to time.

    Cons

    Poor Senior Management - managers take too much credit for others work. No mentoring. Limited promotions; poor salary for some - it depends if your Manager's likes you when it should be based of job performance.

    Advice to Management

    Please take a good look at the surveys BNYM has employees fill out to rate managers and then actually address the situation. GET RID OF THE POOR MANAGERS. BNYM has tons of talented people that can lead - management really needs to get rid of the poorly rated managers.


  11. "Accounting and Reporting Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accounting and Reporting Specialist in Everett, MA
    Current Employee - Accounting and Reporting Specialist in Everett, MA
    Recommends
    Neutral Outlook

    I have been working at BNY Mellon full-time (More than a year)

    Pros

    People over at BNY Mellon are very nice and they help you to get the best start in your career.

    Cons

    The salary is very low comparing to industry average. A lot of turnover within CARS Department. Health insurance are not that good.

    Advice to Management

    None


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