BNY Mellon Reviews in Los Angeles, CA | Glassdoor

BNY Mellon Los Angeles Reviews

Updated March 9, 2017
19 reviews

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Los Angeles, CA

3.0
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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
3 Ratings

19 Employee Reviews

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Pros
  • Work life balance is good in certain areas (in 343 reviews)

  • Life and Work are perfectly balanced Great Work Environment (in 164 reviews)

Cons
More Pros and Cons

  1. "Portfolio Administrator"

    StarStarStarStarStar
    Former Employee - Portfolio Administrator in Los Angeles, CA
    Former Employee - Portfolio Administrator in Los Angeles, CA

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

    Pros

    DOE, ability to perform tasks of associate portfolio manager

    Cons

    Political heirarchy made work environment "clicky"


  2. "Associate Wealth Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Wealth Manager in Los Angeles, CA
    Current Employee - Associate Wealth Manager in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great culture. Work/life balance is great. Good 401(k). Good benefits. Fiduciary experience. Great experience. Senior employees are extremely proficient at their jobs and are incredibly well versed. Great to learn from.

    Cons

    Base pay and bonus pay is below market. Work load is put on the best associates.

    Advice to Management

    Pay your associates so they don't leave!

  3. Helpful (2)

    "No growth, low pay, over worked"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CT Administrator in Los Angeles, CA
    Current Employee - CT Administrator in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    This is a good place to get experience right after you graduate college. This is a really good place to sharpen you administravite, critical thinking, finance, accounting skill and it eaches you how to deal with stress.

    Cons

    Soon enough you'll discover there is absolutely no growth opportunity in this company. There are people at BNY that have worked in the same position for over 20 years and have gone nowhere in the company. BNY has the lowest salary in the industry.


  4. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Work schedule flexibility, Development classes

    Cons

    Not much in terms of career growth unless you are located in NY or PGH.


  5. Helpful (1)

    "Large Global Organization, Great work/life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Los Angeles, CA
    Current Contractor - Anonymous Contractor in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly laid back atmosphere, good company values and corporate vision. Great D.I.Y. training resources available. I don't know how easy it is to move within the company and across the locations, being one of the largest deposit banks in the world they have great global presence with office locations everywhere.

    Cons

    There seems to be a fairly large number of individuals who don't know what the company does beyond their own responsabilities and they are ok with that. There is little global awareness.

    Advice to Management

    Coach front-line managers and strengthen the managers skill set and comfort level with having difficult conversions with employees on how the employee could strengthen their own knowledge level and skill sets. Treat the infection rather than continuously putting band-aides on. Could do more around employee engagement and company awareness in the workplace at the .


  6. Helpful (3)

    "Unpleasant Work Experience & Corporate Culture - Los Angeles"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accountant in Los Angeles, CA
    Former Employee - Senior Accountant in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    For Non-exempt employees, work week based on a 37.5 hour system.

    Cons

    Corporate culture does not value employees; monetary rewards are minimal to null resulting in a toxic and unhappy work environment. Performance review system for a tenured company is frequently changing, makes you wonder why?!?

    Advice to Management

    Focus on personal development and growth matched with industry compensation.


  7. Helpful (1)

    "Coworkers are great, Management not great."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at BNY Mellon full-time

    Pros

    Known name in the financial world.

    Cons

    LA location is way too dependent on a single client. Management tries to compensate for loss of client by taking on new accounts without full understanding of resource needs. Extremely high turnover. Hiring freeze was implemented to save jobs was not needed. LA site lost 4-5 employees within 3 months of hiring freeze putting extreme strain on rest of employees. Manager to worker ratio is too high. Too many people giving orders without enough people to follow.

    Advice to Management

    Learn how to plan for the future.

  8. Helpful (2)

    "Uneasy environment in LA under new management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at BNY Mellon full-time

    Pros

    Good training, top notch investement resources, excellent safety ratings from credit agencies.

    Cons

    Challenges with the business model, high turnover, new management: unseasoned micromanager, lack of trust and confidence internally.

    Advice to Management

    LA office needs a new direction, many are unhappy with how they are being treated which is demostrated by the mass exodus over the last year and a half. Hopefully the once positive reputation with employees can be restored.


  9. Helpful (2)

    "EMPLOYEE AT THE DOWNTOWN LOS ANGELES LOCATION"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Only required to put in 7.5 hours of work/day. Great flexibility and benefits and nothing else.

    Cons

    Where to start: horrible management (lack people skills), growth opportunity (tend to hire from outside or make positions from seniors who left into non senior positions), lack of professionalism, pay is a joke - 1.5% if you are lucky (isn't inflation 3% a year?), the list goes on and on. If you think about it, BNY Mellon is the backoffice for asset managers. Having said that, there's no opportunity to grow since the Downtown Los Angeles location has one large client that is quickly taking its business in house or moving jobs back to Pittsburgh. People who have any sense of ambition are dropping like flies. AVOID AT ALL COST.

    Advice to Management

    None. This place will become obsolete as this site will eventually close down.


  10. Helpful (1)

    "It was a good place to start a career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Los Angeles, CA
    Former Employee - Vice President in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good variety of jobs - I had 10 different jobs in 10 years

    Cons

    Bit old fashioned, at least it was back then

    Advice to Management

    Be more open to change


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