BNY Mellon Reviews | Glassdoor

BNY Mellon Reviews

Updated May 24, 2017
2,900 reviews

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2,900 Employee Reviews

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  1. Helpful (4)

    "A lot of people who think they are smarter than they really are."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Specialist Developer in Pittsburgh, PA
    Current Employee - Senior Specialist Developer in Pittsburgh, PA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at BNY Mellon full-time (More than 3 years)

    Pros

    Overall, I think it is a good company. Be careful what team you end up on.

    Cons

    Lots of people who use the 'not my job' excuse. Too much bureaucracy. People spend twice the effort in telling you to go away, to fill out this form and that form, or to tell you your submission is wrong (with no reference to what is wrong about it) than if they would work as a team. Everyone pretends to be 'so busy' when in reality, if they worked as a team they would have twice the time and half the work. Lots of undercutting and favorite playing by management. Be prepared to not get any training on the business aspect of what you are doing. Too many meetings, be prepared for a life of meetings for the sake of meetings. The sole responsibility of half of the employees if literally just attending meetings to 'know' what is going on, in order to tell other people what is going on, so they can tell others what is going on, so they can have a meeting about what is going on. I wish that was hyperbole. Also, if you are a developer, you will attend the same meetings as your manager, and then you will also be expected to do actual work while they go home. You can spend 6 hours in meetings, and then are expected to get 6 hours of coding done per day. Upper management (directors, senior directors, senior VPs) are invisible. They are all having the same meeting circlejerk with each other, while being completely oblivious to what goes on beneath them. There is on average about 1 manager for every 1-2 developers.

    Also, almost nobody gets promoted. Be prepared to be in the same position as when you came to the company 10 years from now(if you stay that long). Everyone above me is from somewhere else. And once they got here they never got promoted.

    You 'get' to work from home. But that is only to get you to work from home at all hours. Work life balance is pretty bad. A lot of people here identify solely with their job and have made it their lives, and expect the same from you. Work from 7am-5pm, go home and sign in, to 'stay in touch' until you go to bed. They insist on you using your personal phone for work emails, so they they can get a hold of you at any moment. And if you don't answer an email, be prepared to explain why.

    Advice to Management

    Too many middle managers are running amok. Walk the floor once in a while and talk to the people who do that actual work.


  2. Helpful (1)

    "Good For Entry Level Experience, But Avoid If Possible"

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

    I worked at BNY Mellon full-time (More than 3 years)

    Pros

    Great Benefits.
    Work/Life Balance.
    Great for recent grads having trouble landing a job(but I would advise to get out as soon as possible. There are better jobs out their, and no need to get stuck with a company like this.)

    Cons

    No rewards for top performers.
    High turnover, pile extra work on existing employees instead of properly staffing.
    Not much opportunity for advancement.
    Negative atmosphere, everybody always complaining about their job and looking to find work elsewhere.

    Advice to Management

    Put more effort into retaining top employees.
    Address staffing issues. Putting more work on current employees is the main reason why many people are jumping ship, deservedly so.


  3. Helpful (5)

    "They fire people all the time"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in New York, NY
    Former Employee - Executive Assistant in New York, NY
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Nice environment and nice people. on the whole, it is a civilized place to work. Good work/life balance.
    full benefits package dental/vision/health etc.

    Cons

    They keep firing everybody. You dont know from day to day if you have a job whether you have been there for 15 years or 15 days.
    Bureaucracy is insane to the point where you cant get anything done.
    IT is useless.
    Low salaries.
    Health insurance premiums are surprisingly expensive and take a big chunk out of your paycheck.
    company has a policy where you cant have a side job without formal permission - you can get fired if you work weekends at macy's or if you have a side gig fixing computers in your garage.
    I have never seen anyone successfully get another job within the bank.

    Advice to Management

    stop firing people. stop all the bureaucracy.


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  5. Helpful (2)

    "Fund accountant"

    Star Star Star Star Star
    Current Employee - Fund Accountant in Brooklyn, NY
    Current Employee - Fund Accountant in Brooklyn, NY

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

    Pros

    Generic position for you to grow.
    Friendly environment

    Cons

    No growth and too slow.

    Advice to Management

    Hope it can increase the pay


  6. Helpful (1)

    "VP Project Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Program Manager in Pittsburgh, PA
    Current Employee - Vice President Program Manager in Pittsburgh, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BNY Mellon full-time (More than 3 years)

    Pros

    Compensation is aggressive, vacation time is good. Upward mobility is good.

    Cons

    Varies greatly by division, but employee retention efforts do not align with company values.

    Advice to Management

    Be dedicated to actively mentor employees


  7. Helpful (2)

    "Run like hell!!!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time

    Pros

    Valuable experience can be gained working at BNY Mellon

    Cons

    Low pay, long hours, low morale.

    Advice to Management

    Get a clue!!!!!


  8. Helpful (2)

    "Financial Reporting"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Worcester, MA
    Current Employee - Financial Analyst in Worcester, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at BNY Mellon full-time (More than 3 years)

    Pros

    Laid back atmosphere, managers are helpfull.

    Cons

    Positions being outsourced, no future advancement.


  9. Helpful (1)

    "BNYFrmr"

    Star Star Star Star Star
    • 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
    Positive Outlook
    No opinion of CEO

    I have been working at BNY Mellon full-time

    Pros

    Going through lots of changes, so there are many opportunities for growth.
    There is flexibility for working from home, depending on the department or group you work for.

    Cons

    Pursuing low cost location strategy, so it continues to reduce footprint in NY.
    Compensation could be better.
    Digital workplace technology could be improved.

    Advice to Management

    Spend more on the employees working environment. Save filtered water available in all floors and coffee machines could be provided by the company so that employees don't have to bring their own.


  10. "Great Workplace"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Pittsburgh, PA
    Current Employee - Senior Associate in Pittsburgh, PA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great people
    Great benefits
    Management was always available and helpful

    Cons

    Tech is good but not "bleeding edge"


  11. "SVP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at BNY Mellon full-time (More than 3 years)

    Pros

    High quality investment affiliates, very competitive compensation and benefits package. High quality people.

    Cons

    Leaders on the asset management side were compensated excessively for mediocre results. Distribution struggle between affiliates and parent company that is ongoing. Needs to be solved.

    Advice to Management

    Tie leadership to specific growth or revenue targets. Do not cap sales professionals that deliver alpha over goals.


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