BNY Mellon Reviews in United Kingdom | Glassdoor

BNY Mellon UK Reviews

Updated September 1, 2017
135 reviews

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3.1
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Charles W. Scharf
1 Rating

135 Employee Reviews

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Pros
  • Excellent Work Life balance,Better Compensation (in 361 reviews)

  • Life and Work are perfectly balanced Great Work Environment (in 170 reviews)

Cons
More Pros and Cons

  1. "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in London, England (UK)
    Current Employee - Director in London, England (UK)
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good work life balance , collaboration

    Cons

    Slow pace of change in the organization,


  2. "Great people but little opportunity for progression."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Administrative Assistant in Edinburgh, Scotland (UK)
    Former Contractor - Administrative Assistant in Edinburgh, Scotland (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at BNY Mellon as a contractor (More than 3 years)

    Pros

    My managers and fellow colleagues were lovely and I still keep in touch with them. Lots of comprehensive e-training courses were provided and the atmosphere was very friendly - I felt like I was valued and that my individual contributions mattered, which was fantastic considering how big BNY Mellon is.

    Cons

    The changing nature of the T & D business meant that departments became smaller and unfortunately as a consequence of this, there was little opportunity for progression. I was on a FTC but it was hard at the time for people there as FT employees.

    Advice to Management

    Have a more global outlook on the T & D business and try to innovate more.

  3. "great company to get started"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in Manchester City Centre, England (UK)
    Current Employee - Data Analyst in Manchester City Centre, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Because of the high turnover, anyone with a bit or drive can learn a lot and get a few quick promotions

    Cons

    Getting any higher means knowing the right people or doing more work than is worth.


  4. "Trust Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good benefits and work / life balance

    Cons

    Lacking in opportunities for real value contribution, slow and process driven, The company seems to lack ambition to improve and grow and the culture is very 'check box' minded.

    Advice to Management

    Provide opportunities for employees to contribute at all levels.


  5. "Its a bit of a shame"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Team Member in Edinburgh, Scotland (UK)
    Former Employee - Team Member in Edinburgh, Scotland (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time (More than 10 years)

    Pros

    I worked for more than 10 years with the company and worked hard to progress, the benefits are good and its a good place to gain valuable experience.

    Cons

    Where do I start ....... If your face fits with upper management, then you will progress far. The company has being going through a major transformation and as a result there has been a lot of redundancies. However, as they are now recruiting for staff it just seems to be a bit of an exercise to have a clear out, the only problem with this is that all the experienced people have left.

    Micro management - team managers are not allowed to make any decision with regards to their team, department managers get involved in aspects that they don't need to.

    The more work you do, the more they expect of you.

    Poor performing individual are dealt with by promotion.

    Your face has to fit, to make career in BNY Mellon.

    All the good and experienced staff have been pushed out, and good for them, maybe they have better jobs in a company that values their experience.

    Advice to Management

    Start putting experienced people in the jobs they deserve, and not promote the faces you like.


  6. "Some difficulties"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in London, England (UK)
    Former Employee - Senior Associate in London, England (UK)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Good work/life balance - not many people at their desks beyond 5.30-6pm. This is a positive thing and I believe colleagues were all the happier for it.
    - Nice people - worked with some colleagues who were really good at their jobs.
    - Opportunities to work with people across the company if you are interested/have the time to get involved in anything extracurricular, i.e. volunteering, societies, Business Resource Groups, etc.

    Cons

    - Working in a region is tough because decision-making is almost completely centralised - leaves you feeling dictated to and not part of the decision-making process on things that directly affect you day-to-day.
    - Pushed for results but given very little in the way of resources in order to deliver.
    - A downside of the work/life balance is: virtually no social side to working there. Not an issue for everyone, but personally I think this is important for building teams and creating a good work culture.
    - Too many 'lifers' - there are a lot of people working at BNY Mellon that have done the same job for years. These people end up blocking opportunities for progression for more junior members of staff, through no fault of their own necessarily, but due to poor development and succession planning by management. The company therefore ends up losing talent because there are no roles for them to move to when they are ready for the next step.


  7. Helpful (1)

    "No pay increase during 9 years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Poole, England (UK)
    Former Employee - Vice President in Poole, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good location, short commute, generally nice team.

    Cons

    Middle mgmt dont get pay rises, not even inflation. Young talent isnt retained, just replaced. High turnover is disruptive.

    Advice to Management

    Value your staff. Cheap isnt always best. People are your biggest asset, provide conditions to retain the talent. Managers continuously replacing people isnt productive. Spend some time working on the line and understand the real world.

  8. "Program Manager - Finance/Reg"

    StarStarStarStarStar
    Former Contractor - Anonymous Contractor in London, England (UK)
    Former Contractor - Anonymous Contractor in London, England (UK)

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

    Pros

    Excellent org to work for

    Cons

    none i can think of


  9. "Administrator Role"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Manchester City Centre, England (UK)
    Current Employee - Anonymous Employee in Manchester City Centre, England (UK)
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good benefits, options for carrier progression

    Cons

    Low pay compared to competitors,


  10. "Revenue Control Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Revenue Control Analyst in London, England (UK)
    Current Employee - Revenue Control Analyst in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great working hours flexibility and knowledge base.

    Cons

    Few opportunities to progress.Not much capacity to influence decisions within the organisation.

    Advice to Management

    Need to revise role scope,progression and compensation


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