BNY Mellon Reviews | Glassdoor

BNY Mellon Reviews

Updated July 20, 2017
658 reviews

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2.0
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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
196 Ratings

658 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. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Saint Louis, MO
    Current Employee - Vice President in Saint Louis, MO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Flex time and can work from home periodically.

    Cons

    Long hours, low compensation.


  2. Helpful (5)

    "Run away"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Performance Analyst in Everett, MA
    Current Employee - Senior Performance Analyst in Everett, MA
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Work load, no presure, flexible work hours, balanced work-life time, huge free parking, shuttle to train station every 15 minutes

    Cons

    I regret eight years spent in this company. Last week they demoted entire performance team and now I'm back to position where I was six years ago. Their lies are sooo sheesy... Not only they demoted us, they took bonuses also. All the time they told me I'm at the top of the pay range, but today I learned I'm not even close to the middle of the pay range!! In this place I will never reach the top of the range, ever! First train out of this place will be mine even for less money. I don't belong to this gang

    Advice to Management

    Try to be real and motivate people. All Employee Engagement reports are made up! to look good.

  3. Helpful (2)

    "Associate"

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

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

    Pros

    Nice staff, nice building and location.

    Cons

    Hopelessly outdated policies especially with regards to women--very old-school, paternalistic. Outdated!


  4. "Good company business wise."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Processor in Oriskany, NY
    Former Employee - Loan Processor in Oriskany, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The job itself easy to adapt too and workload was manageable.

    Cons

    Management does not have or seem to care about the employees actions on the floor towards their peers. Lots of favoritism and cliques


  5. Helpful (3)

    "Trying to modernize, but progress is slow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director 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

    - Deep subject matter expertise in many divisions because of long-tenured employees
    - Actually less political than other large firms where I've worked - of course there's still factions and alliances, but most people want to do what is best for the firm
    - Long-term employees demonstrate extreme loyalty, passion, and enthusiasm for the firm

    Cons

    - Vertical, silo'ed org structures lead to duplication of effort, reluctance to share information, lots of talented & expensive people stuck in dead-end roles, and lack of incentives for people to act as 'one firm'
    - The company wants to present itself as a diverse employer of choice, but there are almost no openly LGBT, non-white, or women employees in senior management.
    - Technology division has been run into the ground over last few years - morale is abysmal, strategy is unclear, women technologists are fleeing in droves.

    Advice to Management

    Hiring a new CIO is the smartest thing you've done in the last three years. Now, stand back and let her shake things up. And take a hard look at the rest of your management team.


  6. "BNY"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant in King of Prussia, PA
    Current Employee - Fund Accountant in King of Prussia, PA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good PTO accrual, you are able to buy up to 5 additional days

    Cons

    No Bonuses, Minimal raises and no real incentives


  7. "Securities Processor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Securities Settlement Processor in Pittsburgh, PA
    Former Contractor - Securities Settlement Processor in Pittsburgh, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BNY Mellon as a contractor (More than a year)

    Pros

    It was downtown and if you like commuting by public transport suppose that could be a pro. Also there is some status with working in a large company like that. Helped me get my foot in door for better opportunities for value of a name.

    Cons

    Brainless activity that a third grader could do. It was matter of matching and learning keys "to process". Learned absolutely nothing and environment did not appear welcoming to feedback.

    Advice to Management

    cheer up

  8. Helpful (2)

    "Distribution Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Distribution Analyst in Pittsburgh, PA
    Former Employee - Distribution Analyst in Pittsburgh, PA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Vacation time (you will need it escape the job and people) and some of the benefits.

    Cons

    Very hostile work environment. Extremely unhappy co-workers who almost take enjoyment in bringing you down to their level. Overall just very disappointing.


  9. Helpful (1)

    "Poor compensation!"

    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
    No opinion of CEO

    Pros

    Good work-life balance. Ability to work remote. Decent hours, and not overly stressful.

    Cons

    Being an employee for over 10 years, you realize that you are taken advantage of in terms of compensation. Yearly increases of between 1% and 3% are ridiculous and do not kick in until that following July! Raises are extremely rare and you need to go through so many levels of upper management approval before even being considered for one that it is almost impossible to get!

    Advice to Management

    Realize your current employees worth and pay them accordingly, or else people will start jumping ship, as many in my area have already done!


  10. "Software Engineer Contractor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Software Engineer Contractor in Pittsburgh, PA
    Former Contractor - Software Engineer Contractor in Pittsburgh, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    + Nice building and location
    + Pittsburgh is pretty
    + In downtown where there are things to do

    Cons

    - on boarding took nearly 3 weeks
    - dramatic and extremely nosey co-workers
    - technology used was outdated and management is stubborn about using new and more effective tech
    - a lot of rules
    - people aren't passionate

    Advice to Management

    Please show try to enjoy your job or at least fake it to make it enjoyable for others.


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