BNY Mellon Reviews
Updated Jun 7, 2023
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Top Review Highlights by Sentiment
- "Good work life balance so you can manage your professional and personal life together very good" (in 874 reviews)
- "People were great and i enjoyed that no one had any egos when it came to assignments at hand." (in 650 reviews)
- "Provides good benefits and very flexible when it comes to handling personal matters outside of work." (in 636 reviews)
- "Management (for the most part) has poor communication and does not know how to manage without micromanaging." (in 474 reviews)
Ratings by Demographics
This rating reflects the overall rating of BNY Mellon and is not affected by filters.
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- Current Employee★★★★★
Pros
Great atmosphere and company to work for
Cons
None so far at this time
Continue reading - Current Employee, more than 10 years★★★★★
Mediocrity Across All Categories
May 31, 2023 - Technology Guy in Jersey City, NJRecommendCEO ApprovalBusiness OutlookPros
It's a steady paycheck. Some of the people are very nice, even if not the sharpest blades in the shop.
Cons
Company learned nothing from the pandemic -- now forcing everyone back to the office despite all evidence that it will reduce productivity and efficiency. Micromanagement and rule by committee are the order of the day. Some of the most productive areas are chronically understaffed and under budgeted. New "digital" and "X" units are populated by poseurs and charlatans delivering substandard products and vaporware. Stacked ranking and ongoing layoffs lead to perverse outcomes and unfair division of labor.
Continue reading - Current Employee, more than 10 years★★★★★
Ridiculous compensation structure
Mar 28, 2023 - Lead Analyst in New York, NYRecommendCEO ApprovalBusiness OutlookPros
If you are lucky to be in a good team or group with a good group manager. Matching 401K up to 7% but matching is only contributed to 401K at the end of the year so you can’t dollar cost average.
Cons
Non exempt employees can make more money than exempt employees two levels higher with overtime. Annual raises are not keeping up with inflation. Most managers, AVPs and VPs had never went through leadership training. Some teams are filled with incredibly selfish people who don’t help other employees. Most middle managers have no concern for professional development for staff. They just want everyone to stay where they are doing the same tasks. Servicing a financial product gets compartmentalized to gain economies of scale in turn if you don’t move around you are not marketable when looking for jobs outside the company. They know this so they take advantage of lowballing employees in raises and in promotions. Incredibly short sighted company who doesn’t value human capital while courting executive level people.
Continue reading - Current Employee★★★★★
Pros
Great values Great training Support is amazing Quick hiring process
Cons
Based on individual relationships No cons
- Former Employee, more than 5 years★★★★★
Great place to work and learn
May 31, 2023 - Senior Representative in Westborough, MARecommendCEO ApprovalBusiness OutlookPros
Overall, good place to work, plenty of people to learn from. Higher ups willing to teach you if they see you being curious and willing to learn.
Cons
No downsides really. As with any job, you have to make the most of it. Try to learn, do more than the bare minimum.
- Current Employee★★★★★
Pros
Good exposure and resume headline without the stress of a 12+hr day like at some banks.
Cons
Salary/Benefits could be more competitive within industry
- Current Employee, more than 3 years★★★★★
Good, Could Be Better
Dec 28, 2022 - Shareholder Services Representative in Westborough, MARecommendCEO ApprovalBusiness OutlookPros
Work from home.Starting pay is great. Interaction with the clients.
Cons
The starting pay is great, but you should not be stuck in that pay range for more than a year. They hire through temp agencies and hire you permanent from there, but your pay never changes in the process. It would be nice to actually earn a living wage, especially when living in a state with a high cost of living.They pick apart calls for some people —but then you have an employee who out right told a caller where to get off, and he is still there taking calls.
Continue reading - Current Employee, more than 1 year★★★★★
Typical large bank
Jun 5, 2023 - VP, Finance and Administration in Boston, MARecommendCEO ApprovalBusiness OutlookPros
-Typical large bank. Usually know what to expect. -if member of protected group you will be fast tracked
Cons
-Benefits shrinking (401k in particular, newest change is the match paid all at once in March. Amount of match determined at that time. -Management out of touch - too concerned with pushing social agendas like DEI, Gender ID, etc.
Continue reading - Former Employee★★★★★
Great place to work!
May 27, 2023 - Senior Representative, Fund/Client Accounting in Everett, MARecommendCEO ApprovalBusiness OutlookPros
Excellent opportunity to get exposure to fund accounting.
Cons
When there is work you are busy, when there isn’t it can lead to people getting laid off.
Continue reading - Current Employee★★★★★
Pros
Flexible environment that allows for learning
Cons
Pervasive culture of getting the minimum done
BNY Mellon Reviews FAQs
BNY Mellon has an overall rating of 3.6 out of 5, based on over 10,867 reviews left anonymously by employees. 69% of employees would recommend working at BNY Mellon to a friend and 63% have a positive outlook for the business. This rating has been stable over the past 12 months.
69% of BNY Mellon employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated BNY Mellon 3.6 out of 5 for work life balance, 3.7 for culture and values and 3.5 for career opportunities.
According to reviews on Glassdoor, employees commonly mention the pros of working at BNY Mellon to be coworkers, work life balance, benefits and the cons to be senior leadership, management, career development.
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