BNY Mellon Reviews | Glassdoor

BNY Mellon Reviews

Updated December 11, 2017
3,237 reviews

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3.1
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Approve of CEO
BNY Mellon Chief Executive Officer Charles W. Scharf
Charles W. Scharf
52 Ratings

3,237 Employee Reviews

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Pros
  • Excellent Work Life balance,Better Compensation (in 384 reviews)

  • Life and Work are perfectly balanced Great Work Environment (in 184 reviews)

Cons
More Pros and Cons

  1. "Decent"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon full-time

    Pros

    Good pay, very nice people.

    Cons

    I do not have any major cons that I wish to share.


  2. "Good place to retire"

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

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

    Pros

    Work life balance, focus on new smart industry hires, reputation in the field, delivering the performance excellence process across the firm.

    Cons

    Fragmented management, slow hiring process, bad medical benefits, compensation is on the low band of the range. Bonuses are lackluster, always go for more in the base, review process is one sided

    Advice to Management

    You get what you pay for. The firm seems to operate penny wise pound foolish

  3. Helpful (2)

    "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Wilmington, DE
    Current Employee - Manager in Wilmington, DE
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The people I work with at all levels are great. Sadly I have nothing else positive to add.

    Cons

    Incessant drive to reduce headcount. Those left are over worked and undervalued. Nonstop change in systems, processes and management that never allows one to be truly productive. My line of business was acquired. Before the acquisition we all enjoyed our jobs and had exceptional benefits, now work is painful and benefits are only average. I have had 7 managers in as many years. The current management team has no idea how much the employee experience has deteriorated. I've also noticed the phrase 'Work/Life Balance' being replaced with 'Work Flexibility'. They are flexible all right but the balance is gone.

    Advice to Management

    Without employees you have no service to provide. Without a service you have no clients. Without clients you have no revenue. If you want to increase revenue in the United States, you might want to stop focusing on decreasing employees in the United States. Make sure you have enough and the right employees to provide an excellent service that clients are very willing to pay top dollar for.


  4. "Operation Executive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I worked at BNY Mellon full-time

    Pros

    Good for starters. You can plan to stay here for more than 5 years

    Cons

    Night shift is a must for every employee


  5. "Stopped work from home, lack vision"

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

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

    Pros

    Decent pay and good coworkers

    Cons

    Hired as full-time work from home, new CEO stopped all work from home.
    New CEO has caused allot of confusion on lower level. No clear understanding of vision.
    Lack of skilled management. Talked to my manager once in 3 months.

    Advice to Management

    Set a clear path and make sure management understands and sucks to it.
    Bring back work from home. Huge benefit but probably another way of cutting staff.


  6. "Good company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Pune (India)
    Current Employee - Analyst in Pune (India)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good work culture, friendly colleagues

    Cons

    Compensates less than market standards

    Advice to Management

    Try working equally for business as well as employees point of view.


  7. "lack of career development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Hong Kong (Hong Kong)
    Current Employee - Senior Associate in Hong Kong (Hong Kong)

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

    Pros

    diversity
    company tries to arrange a lot of events for people to bond

    Cons

    no progression opportunities
    doesn't value loyalty
    bad career development

  8. "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Everett, MA
    Current Employee - Senior Associate in Everett, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Ability to rise within organization. Good people to work with. Flexible working conditions. Ability to travel both domestically and internationally

    Cons

    Large organization comes with a lot of red tape. Lot of concentration in the Pittsburgh office. Lacking on the technological innovation needed to stay ahead of the competition


  9. "Employees are necessary evils of doing business"

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

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

    Pros

    Benefits are okay. Not the greatest, but okay

    Cons

    Double-standard between managers and staff. Pay and raises (if any) are paltry. HR is useless. Forced to take 2 consecutive weeks of allotted vacation. Mandatory training classes which have nothing to do with your job. Company makes cuts in expenses in the wrong places (stopped buying supplies, but still increases the executive pay).

    Advice to Management

    Shake things up at the top, instead of the 'Fat Cats' looking down their collective noses at the employees who do the actual work.


  10. "Sr. Admin"

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

    I worked at BNY Mellon full-time

    Pros

    Employment, good discounts and employment

    Cons

    If you're not part of the "click" you will never get promoted or recognized.

    Advice to Management

    not wasting my key strokes


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