BNY Mellon Employee Reviews about "work environment"

Updated Dec 25, 2020

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3.4
58%
Recommend to a Friend
81%
Approve of CEO
BNY Mellon Chief Executive Officer (Interim) Todd Gibbons
Todd Gibbons
404 Ratings
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Reviews about "work environment"

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  1. "Cyber"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BNY Mellon full-time

    Pros

    - Nice people - Good working environment - Lots of space for getting engaged and moving up

    Cons

    - Bank has legacy environments like all others which require streamlining.

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  2. "Becoming a Financial Industry sweatshop"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at BNY Mellon full-time

    Pros

    Opportunities to potentially transfer to a less toxic management team.

    Cons

    Poor work/life balance. Oppressive management. More and more work distributed to fewer and fewer employees. Constant fear of layoffs has created a toxic work environment.

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  3. "Enjoyed the company"

    4.0
    Former Employee - Operations Analyst in Everett, MA

    I worked at BNY Mellon full-time

    Pros

    Great work environment, everyone very willing to help

    Cons

    Lot of work that requires proofreading and checking

  4. "Love the culture"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Cyber Risk Consultant in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at BNY Mellon for less than a year

    Pros

    Great work environment with support from manager Work well with interns to close opportunity gap

    Cons

    Some work is unrelated to role

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  5. "Needs improvement"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Negative Outlook
    No opinion of CEO

    I worked at BNY Mellon

    Pros

    Decent pay and benefits Work/life balance Great location Met amazing people

    Cons

    The quality of managers or team leads vary here. You would be lucky to land with a great group of people, but unfortunately I landed with someone who just doesn’t fit the role of manager or team lead. This particular individual created a toxic work environment, failed to follow the company’s code of ethics, and is not cognizant of those around her nor the best interests of the company. HR and the managers have not these resolved issues, so it’s a matter of accepting this unprofessional hypocrisy or leaving to a company that actually follows through with its policies and have their employees in mind. The company culture is toxic and not exactly the ideal place for quality mentorship or growth. The other positive reviews here read as fake, considering I had interviewed with the majority of employees in this particular branch and most have not said a single positive thing in regards to this company. It’s more like a keep your heads down and receive a paycheck type of environment. Training is subpar and some people are overpaid for the skills qualified. Seems like the kind of culture where one just coasts until retirement. Technology, as others previously have said, is dated and needs improvement. The very people who invested 10+ years of their lives in this company fell behind on modern tech but still kept their positions while laying off highly skilled workers who were tech savvy. Though there’s a layoff freeze in 2020, the following years do not look promising as this particular branch has a history of laying off workers and shrinking its workforce since inception. At one point in the company, there was no IT on site which is perilous for clients considering the confidential data being handled. Some employees have shown signs of severe mental illness that has affected the procedures. Instead of addressing the issue, they would sweep it under the rug. This kind of passive aggressive communication is jarring considering the kind of work we do and any miscommunication can and has led to issues regarding client data. Be warned of high turnover and overall somber atmosphere, lack of cohesion with teams and between departments. Due to budget restraints, this particular branch does not celebrate the usual milestones and holidays compared to its competitors. It’s quite demoralizing environment to be in. Other locations within BNY Mellon, like India, where most of the US jobs are being outsourced to, seem to enjoy team building events that is sorely lacking in this branch. As a first job, I would not recommend this company. As an investor, I would not do business with them and would seek elsewhere.

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  6. "Good company to work at Entry level"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Contractor - Accounting Analyst in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at BNY Mellon for less than a year

    Pros

    Good working environment, Friendly staffs

    Cons

    Pay in a low rate, limited chance in promoting

  7. "Analyst"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at BNY Mellon full-time for more than 3 years

    Pros

    work environment was pleasant to work with

    Cons

    not much room for growth

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  8. "Great to work at"

    5.0
    Former Intern - Student Associate 

    I worked at BNY Mellon

    Pros

    nice work environment and fun people

    Cons

    short time only 1 month

  9. COVID-19
    Helpful (1)

    "Get two years experience in and then leave"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Pittsburgh, PA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time for more than 3 years

    Pros

    Looks nice on a resume. The company did a fairly good job of switching everyone to work from home once COVID19 hit, especially considering that they were at one point in time against the concept of WFH entirely. My manager was flexible about work/life balance but it does vary from manager to manager.

    Cons

    BNY Mellon relies on outdated, cumbersome systems but expects state of the art service and results. The culture of the company is toxic, colleagues in departments that rely on your work, or whose work you rely upon have no sense of comradery or interdepartmental professionalism. Poor training for new employees result in poor performance that is not necessarily their fault. The company mandates that management review a certain percentage of their employees at "below expectations" so if you have a small team of say 7 people, you have to give one or two a BE even though they do good work. There are even studies on how this does not foster a positive work environment. Pay and benefits are not competitive, especially vacation. Non-exempt new hires start at two weeks whereas other companies of the same size or even smaller in this area start at 4. The employee growth programs (mentoring etc) are a farce instilled to establish the illusion that the company cares for it's employees and to look good in their mission statement to shareholders

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  10. "too little pay"

    1.0
    Current Employee - Accounting Representative in Everett, MA

    I have been working at BNY Mellon full-time

    Pros

    the work environment is good

    Cons

    starting salary and promotional opportunity

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