BNY Mellon Reviews | Glassdoor

BNY Mellon Reviews

Updated August 16, 2017
433 reviews

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Charles W. Scharf
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433 Employee Reviews

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Pros
  • Excellent Work Life balance,Better Compensation (in 351 reviews)

  • Life and Work are perfectly balanced Great Work Environment (in 169 reviews)

Cons
More Pros and Cons

  1. "Fund Accounting"

    StarStarStarStarStar
    • Comp & Benefits
    Former Employee - Fund Accountant in Lake Mary, FL
    Former Employee - Fund Accountant in Lake Mary, FL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    O.K. benefits for students right out of college.

    Cons

    Hostile work environment. Managers are verbally abusive and the professionalism is poor at the Lake Mary, Florida site.

    Advice to Management

    Hire only employees with Finance or Accounting degrees for Mutual fund accounting. Other degrees such as Business administration or economics do not have the same educational background.


  2. Helpful (1)

    "These People are nasty"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Pittsburgh, PA
    Former Employee - Anonymous Employee in Pittsburgh, PA
    Doesn't Recommend

    Pros

    None. One or two good people but they cant make a voice as they are little.

    Cons

    I worked in Pittsburgh office. These people were absolutely nasty and no even little class what so ever. I was bullied and harassed by a guy and his friends, but management in NY too their side because apparently they are friends. Its a shame. Stay away!

    Advice to Management

    You need good and quick management tactics and skills to run Pittsburgh office

  3. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time

    Pros

    Large international bank with decent steady income.

    Cons

    Poorly managed and lack of focus.

    Advice to Management

    Sharpen focus to grow revenue, not just cut costs. Stock buy backs do not create new revenue streams even if they support stock price.


  4. Helpful (1)

    "Horrible culture"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Work from home.
    There are some good people in there but they don't get to say. The salary can be good if you have the right timing.

    Cons

    Every one acts like a manager. They want to tell someone what to do, but there are not many who do the actual work. If you are some one who wants to get the job done, you will be royally screwed.

    Wealth Management is really bad department to be in. All kids of idiots in it starting from the top. The CIO has spies everywhere. All that he does is adds more managers in the projects to get the job done, good luck will that.

    Advice to Management

    You need to learn how projects get done.


  5. Helpful (4)

    "Very conservative and ready to cut staff to make numbers."

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

    I have been working at BNY Mellon full-time (More than 8 years)

    Pros

    Benefits and domestic coworkers are generally great to work with. Sometimes you luck out and get a good manager.

    Cons

    If you aren't Indian, you don't get to learn new technology being deployed; most (80-90%) development is being done offshore so technical skills advancement is not encouraged.

    Management is of the 40's GM mentality in spite of them "embracing" employee empowerment.

    Constant fear for domestic employee that will be laid off at any time to make quarterly numbers. NO loyalty to employees by company.


  6. Helpful (1)

    "Bad Experience with Inappropriate Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Contractor - Contractor in Pittsburgh, PA
    Former Contractor - Contractor in Pittsburgh, PA
    Doesn't Recommend

    I worked at BNY Mellon as a contractor

    Pros

    Management was flexible with my schedule, and I always had work to do. The training was adequate, as well. Lower level employees were kind and professional, despite having too much work.

    Cons

    I was mostly assigned "task work" that my manager or superiors could not complete. I was asked to call the IRS on a daily basis and state that I was another employee and appointee to get tax documents. By my second week, I was training an employee's son (another contractor), who ended up getting hired on; not me. He was also asked to call the IRS daily and claim that he was our manager. Toward the end of my assignment, my direct manager, who I barely saw or heard from, asked for my number to "keep on file in case of a job opening." The next week, he was texting me inappropriate things and asking me on dates. His boss would also make very sexist, demeaning comments about his superior (a woman). I couldn't really say anything at the time, but I feel as though both of these VPs should have more respect for their co-workers, or just people in general.

    Advice to Management

    Please do not ask temporary employees to lie to the IRS and state that they are you. Please also learn to respect your co-workers.


  7. "Awful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at BNY Mellon full-time

    Pros

    a few good, decent co-workers

    Cons

    low pay, inefficient and shady management practices, long hours

  8. Helpful (1)

    "No Opportunity"

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

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

    Pros

    If you are a mediocre performer, you can hide

    Cons

    Incredibly sexist, old school white male banking culture . Overt misogyny, no advancement possibilities for women/ POC

    Advice to Management

    Stop making fake concessions to diversity and join the 21st century ( promote women and minorities). Also, putting people on hourly wages with no overtime while providing org charts of approximately 200 people making $300K + is de-motivational and morally corrupt.


  9. "Risk officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time

    Pros

    Easy commute from my apartment

    Cons

    Low pay compared to other company


  10. Helpful (2)

    "A complete mess"

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

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

    Pros

    Good work-life balance, bonus for VP and up

    Cons

    Disconnected leadership, constant change for no strategic purpose, antiquated workplace technology, passive aggressive culture and substandard employee benefits

    Advice to Management

    Clean house of entitled old school employees who are holding the company back. Restructure the organization and implement a shared services model to reduce operating costs and increase efficiencies. Outsource enterprise technology and focus on clients and new growth opportunities (such as blockchain).


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