BNY Mellon Reviews in New York, NY | Glassdoor

BNY Mellon New York Reviews

Updated April 19, 2017
444 reviews

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444 Employee Reviews

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  1. Helpful (3)

    "Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    Global company with ability to move around company.

    Cons

    Raises are a joke, employees not valued.

    Advice to Management

    Invest in your people.


  2. "---"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Stable company, people stay forever

    Cons

    Poor Management, unstable working conditions


  3. Helpful (15)

    "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time (More than 10 years)

    Pros

    Laid back environment depending on who you work for. Not stressful. Great work life balance with flexible arrangements.

    Cons

    Very low pay. Poor talent retention. Management sees your 'worth' only when you try to leave then they sing a different tune. Too late. They would rather pay low and get by on mediocrity than motivate talent through fair compensation.

    Advice to Management

    Get it together. You are getting beat by tje competition in every way. No wonder Hassel is rated 49% while similar CEOs are pulling in high 70s and 80s.


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  5. Helpful (7)

    "Short term pain, long term gain?"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at BNY Mellon full-time (More than 10 years)

    Pros

    Lots of great people. Many excellent client relationships. Working aggressively to address failing cost structure. Finally beginning to fully embrace 21st century approaches to areas like professional development and marketing - these were sorely lacking until recently.

    Cons

    Firms invests significantly in management and professional development programming, which make it all the more obvious when the senior team exhibits (frequently) all the behaviors that both internal and external resources preach against.

    Historically, this firm completely embraces a "yes" culture - senior management hates bad news. Most employees fear raising important, sensitive topics anyplace other than offsite over coffee with a close colleague.

    Advice to Management

    Encourage an open dialogue and LISTEN to your people -- and not just those you hand-pick and are likely to give you what you want to hear.

    Put the ExCo and OpCo through the same management training as mid-management and the masses - and practice what's taught - otherwise you're wasting you money and reinforcing a fractured culture.


  6. Helpful (10)

    "16 year MD"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great client base (but shrinking due to poor management(

    Cons

    Corrosive culture

    Weak management

    No concern for employees or client service

    The company is run for the executive committee

    Need new senior management asap

    Advice to Management

    Gerald, Curtis, Karen & Todd-do employees and shareholders a favor and retire. You have fed at the trough while destroying a great firm.

    Clients expect and deserve better. Whet is the board?? GLH has done nothing since Kelly's ouster. How long will you wait? What has Curtis done for his outrageous comp package?


  7. Helpful (1)

    "So so"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BNY Mellon full-time

    Pros

    Most of the people are pleasant to work with. The majority of the workers take their job very seriously. This is a good entry company for a new worker or someone stuck in a worse company. Looks good on a resume when you are looking for another job.

    Cons

    Management has cut out most of the benefits. Don't expect a decent increase in pay. Each year expect your pay to decrease when adjusted to inflation. Don't expect any rewards for doing a exemplary job. If you accept the former then you should do fine.

    Advice to Management

    They seem over staffed with various layers of management. Management is not very receptive to trying new ideas. Sometimes you wonder what exactly some managers do.


  8. Helpful (2)

    "Second time around"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Operations in New York, NY
    Current Employee - Vice President Operations in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Easy laid back atmosphere and difficult to get fired from the role. No upside potential when it comes to salary unless you go with another offer in hand.

    Cons

    Impossible to be promoted unless you are working here 15+ years or so. Seems the company is startin gto care about succession planning and grooming younger employees but this may only be visible in a few years.


  9. Helpful (2)

    "Be careful"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at BNY Mellon (More than 8 years)

    Pros

    Relaxed environment - one can have a work/life balance

    Cons

    Management does not care about career development of workers

    Advice to Management

    Sell out - merge the company with one of the larger banks.


  10. Helpful (5)

    "Great work/Life balance"

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

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

    Pros

    Prominent Investment Bank name that looks good on resume.

    Cons

    Recent layoffs and cost cutting measures have contributed to extremely low morale and fear amongst employees. A lot of managers are taking advantage of that fear and contributing to depression and high stress levels. Below average pay, 1% raises are the norm and have not been given out in over 3 years. Very hard for employees to get things done because of the many levels of management. Lifers that do bare minimum work and are just sticking around until their time is up. Only very Senior Managers are promoted. Lots of very good loyal and hard working low level employees that have never been promoted and are invisible to Senior Management. All of the recent "employee advancement and diversification programs" are just to keep up appearances.

    Advice to Management

    Allow the employees that are on the front lines and that handle core day to day responsibilities opportunities to advance and grow their careers. Take a look at the low level, loyal and hard working invisible employees that keep the business operating offer them advancement opportunities as well.


  11. "Pleasant work experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great and friendly staff, very professional environment, quite laid back work approach

    Cons

    I haven't noticed any major drawbacks.


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