BNY Mellon Reviews | Glassdoor

BNY Mellon Reviews

Updated April 25, 2017
2,852 reviews

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Full-time Part-time

3.0
Star Star Star Star Star
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Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
948 Ratings

2,852 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (2)

    "Government Job - Stable and you can hide..."

    Star Star Star Star Star
    • Work/Life Balance
    • 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
    No opinion of CEO

    Pros

    If you are interested in a stable job and do not care about challenges than this place is for you. Think of it as a government job and you are there to collect a pay check.

    Cons

    Most managers are incompetent because they have been in the same job for 10+ years. We used to have a word for employees who we called "Lifers" because they never experienced anything else. We also called them "Bone Heads" because they were clueless.

    Advice to Management

    Replace them all and get new managers who are willing to take chances and who are not "lifers"


  2. "Very disappointing working experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Billing Clerk in Syracuse, NY
    Former Employee - Senior Billing Clerk in Syracuse, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Their tuition reimbursement program makes potential for personal growth significant. There were many opportunities for training within my division. The environment was also friendly and inviting and it made coming to work each day less of an unpleasurable experience than it could have been.

    Cons

    The level of compensation was, and remains, woeful. The bank does not appreciate it's talent and does not offer a competitive level of compensation. Employees are treated as expendable. Also, in my experience, the management group in my department did not treat each employee with fairness and respect. Lastly, the competence level of the leadership team left much to be desired.

    Advice to Management

    I would suggest that management restructure their budget to incoporate competitive levels of pay for their employees. And, frankly, they should all get on the same page and start making company decisions with care.


  3. Helpful (3)

    "Stodgy, Stone Age Thinking, Lack of Innovation, and Stifled by Compliance."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Private Banking Administrator in Camp Hill, PA
    Current Employee - Private Banking Administrator in Camp Hill, PA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The best reasons would be if your interested in pursuing a career in compliance and accounting go for this job, if its sales your looking for, go elsewhere!

    Cons

    They are over-ridden with compliance rules and regulations, it hampers sales efforts and their internal politics warfare stifles productivity and innovation ultimately leading to stagflation, which goes hand in hand with our current economic situation.

    Advice to Management

    I would flatten the organizational hierarchy, improve communications, reduce compliance restrictions to increase sales, increase incentives to all employees regardless of tenure, and place an emphasis on increasing productivity through sales through revamped policies and mergers of separate departments within existing division.


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  5. Helpful (3)

    "Desperate times call for desperate measures; working here is an act of desperation."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Contractor in Pittsburgh, PA
    Current Employee - Contractor in Pittsburgh, PA
    Doesn't Recommend
    Approves of CEO

    Pros

    Financially stable company in a very tough economy.

    Cons

    Dehumanizing treatment of contractors. Contract employees are given the worst of everything and treated as though they are completely unvalued. Management acts like they are doing a favor for the employee by allowing them to work there, simultaneously treating contractors as though it is their own fault for not being full-time employees.

    Advice to Management

    Recognize the fact that you hired your contractors to accomplish a job and you obviously felt that job was worthwhile at some point. Treating those contractors as second-class citizens, giving them outdated equipment and horrible working conditions, will not get you quality work product.


  6. "I think Bob has had a tough situation this year, and he has handled it very well."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Manager in Jersey City, NJ
    Current Employee - Marketing Manager in Jersey City, NJ
    Doesn't Recommend
    Approves of CEO

    Pros

    They are not very strict on anything except compliance. A little bit of work goes a long way. It seems very hard for them to fire people.

    Cons

    The quality of people you work with is very low. Many people seems unmotivated and uneducated.

    Advice to Management

    Keep the young blood you have int he organization by providing them opportunities to grow quickly. Perhaps have management fast tracks.


  7. Helpful (1)

    "Training Somebody to Get Fired"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Tacoma, WA
    Current Employee - Operations Analyst in Tacoma, WA
    Doesn't Recommend
    No opinion of CEO

    Pros

    You have to make your own opportunities-no one is going to give them to you. Co-workers are nice & supportive.

    Cons

    Company is outsourcing many roles to India. You will be training somebody to get fired. Long hours & difficult to take a time off.

    Advice to Management

    Respect & listen to lower people. Please do not yell. Give feedbacks. Please manage overtime and give a little advance notice.


  8. Helpful (1)

    "Think twice before accepting an offer!"

    Star Star Star Star Star
    • Work/Life Balance
    • 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
    No opinion of CEO

    Pros

    Great health benefits
    Decent base salary

    Cons

    Poor communication
    Negative culture
    No raises or bonuses for non-senior and non-managerial positions in particular areas or departments
    No OT
    Management tends to be disrespectful and demeaning to staff

    Advice to Management

    Communication Courses
    Management Courses
    Sensitivity Training
    Concentrate on Work-Life Balance for staff memebers who DO NOT have a titles


  9. Helpful (1)

    "Incompetence thrives"

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

    Pros

    good benefits and good work/life balance are the only good things this company has going for it. one last pro is you don't work for BNY Mellon yet... You'll have more success bartending!

    Cons

    This company has boasted they are number 1 in this area for years now but they do not take care of their employee. How can you be number 1 and have nothing to show for it. Ergo, you can work your butt off but it is a slim chance that you will be recognized or promoted within the first 4 years.

    Advice to Management

    They need to implement some type of analyst program or training program for both associates and management. Can't begin to describe how inept certain departments and/or individuals are.


  10. Helpful (3)

    "BNY Mellon"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend

    Pros

    Good benefits including health, dental, vision 3+ weeks of paid vacation for new hires and 401K match up to 6%.

    Cons

    Extremely low pay (at least in my group). Horrible management. Every person in the group wants to leave as soon as possible.

    Advice to Management

    Treat people the way you would like to be treated. Motivate your employees. Lead by example. Replace incompetent people ASAP.


  11. "BNYM"

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

    Pros

    The company is one of the oldest banks in the country and is a good name to have on your resume. It is a very good start for someone who is fresh out of college or a place for someone who has retired and want to learn something new. Benefits are pretty good, you can purchase up to one week of vacation and some departments even let you work from home once a month.

    Cons

    Not much room for growth and or development. Only exempt employees are bonus eligible and the salaries are not that great.

    Advice to Management

    The bank is full of young raw talent, USE IT!


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