BNY Mellon Reviews in New York, NY | Glassdoor

BNY Mellon New York Reviews

Updated December 13, 2017
488 reviews

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488 Employee Reviews

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Pros
  • Excellent Work Life balance,Better Compensation (in 387 reviews)

  • Life and Work are perfectly balanced Great Work Environment (in 185 reviews)

Cons
More Pros and Cons

  1. Helpful (3)

    "Perfect for solid pay & no stress"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Business Support Analyst in New York, NY
    Current Employee - Junior Business Support Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Pay, benefits, "work life balance (more like no work all life)

    Cons

    Work not substantial, no opportunity for growth, very bureaucratic, need 10 people across 5 different organizations to get 1 simple thing done. Not allowed to bring your own ideas as a junior person


  2. "Sr. Administrative Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Administrative Assistant in New York, NY
    Current Employee - Senior Administrative Assistant in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    work pace, friendly employees, fair pay,benefits are okay

    Cons

    advancement opportunities, willingness to give overtime, accrued vacation time, positions available in Pittsburgh as opposed to New York

    Advice to Management

    move more jobs to lower cost centers such as Pittsburgh instead of in New York, it will save the company a lot of money.

  3. Helpful (1)

    "Swap Trader"

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

    I worked at BNY Mellon (More than 3 years)

    Pros

    Great environment, big money, occasionally day drunk

    Cons

    Trading floor smelled funny - continual crop dusting?

    Advice to Management

    Keep on keeping on


  4. Helpful (2)

    "IT"

    StarStarStarStarStar
    • 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
    Negative Outlook
    Disapproves of CEO

    Pros

    If Management believes this to be true, then Shareholders have a problem: “Under Gerald Hassell’s leadership, BNY Mellon has continued to increase shareholder value, reduce costs, improve margins and streamline the organization, which our results clearly demonstrate” -
    Bank of New York Mellon spokesman, 3/10/15

    Cons

    no career opportunities, non-existent training, terrible technology infrastructure, and overly
    bureaucratic. There is actually a committee to oversee other committees that set internal policies. Unimaginative senior mgmt that is always reactive to competition- rather than proactive. Bloated middle mgmt while underinvesting in products, services, and line employees whom actually drive revenues.

    Advice to Management

    Consolidate “mutant” IT systems and platforms that have proliferated over time
    Cull unproductive projects; manage, measure and prioritize technology initiatives
    Drive automation initiatives that increase employee productivity.


  5. Helpful (4)

    "Don't bother with this company"

    StarStarStarStarStar
    • 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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nice people, good work life balance at times. Onsite medical facility.

    Cons

    This company has meetings among meetings going on and on about retaining talent, mean while they just did a major lay off on their top performers. They said it was due to budget cuts but its crazy to me how they kept people who don't know their behind from their heads. They kept people with low performance who are lazy and insufficient.

    They did the opposite of what they have been preaching each month on these 90 minute boring meetings. I would want to keep top talent if I'm competing with other banks.

    Horrible leadership and gudieness. I'm looking to leave as this place is failing in many areas.

    Advice to Management

    Get better management an real leaders.


  6. "Business Analyst"

    StarStarStarStarStar
    • 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
    No opinion of CEO

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

    Pros

    People there were quite supportive. As a new comer if you are not to shy to ask questions, you will receive some good bounds from coworkers. Good life and work balance. The team was very compassionate. It was like family for work and life.

    Cons

    The environment is relatively bureaucratic. Not much social events or occasions for you to build up networking. Departments and business divisions are rather independent. For cross-function or cross-team project, you need to be more agile navigating projects to get C-level's approval.

    Advice to Management

    Be open-minded and grand your employees opportunities to make inventions for business


  7. "ADR Internship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Depositary Receipts in New York, NY
    Former Intern - Depositary Receipts in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BNY Mellon as an intern (Less than a year)

    Pros

    A chance to gained knowledge and insights on ADR. Many opportunity to interact with senior professionals with many years of ADR experience.

    Cons

    Pace can be a little slow from time to time. Intern training is not as comprehensive as other big banks.

  8. "Great Company"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very forward looking company with new CIO. He is making foundational changes and makes the employee marketable. Stay with the journey and it will be easy to make a switch.

    Cons

    The company has vision but lacks strategy on how to get there. That is a big problem as budget is always a concern. Somewhat of hero culture. If you are one of them, you will do great.

    Advice to Management

    You cannot be startup just by saying it. You have foundationally change to be a change agent for disruption


  9. "BNY Mellon"

    StarStarStarStarStar
    Current Employee - Senior Managing Director in New York, NY
    Current Employee - Senior Managing Director in New York, NY

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

    Pros

    Good steady company, good people.

    Cons

    Too internally focused, not enough focus on clients.


  10. "Strong company"

    StarStarStarStarStar
    • 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
    Positive Outlook
    No opinion of CEO

    I worked at BNY Mellon (More than 5 years)

    Pros

    Strong company with good opportunity for advancement

    Cons

    Advancement is to a limited ceiling - lots of layers of management


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