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BNY Mellon

Engaged Employer

BNY Mellon

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Employee Review

  1. 3.0
    Current Employee

    Accounting and Reporting Specialist Everett

    Jul 9, 2016 - Accounting and Reporting Specialist in Everett, MA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    37.5 hour week, 5% 401k match, overtime, quick and continuous promotional path, typically work around 41 hours, BNY Mellon looks good on resume, easy once you get the hang of it, stable large bank, sense of pride working for BNY, colleagues behave normally

    Cons

    They start entry level off at a low salary, high turnover, punch in and punch out culture, low level of employee engagement, company is always looking to cut costs and are often penny wise and pound foolish in regards to spending on things/salary for staff, a lot of people often talk about how they want to leave the company, many people don't really understand finance and just know how to do the operational side It's not a terrible job right out of college, but there are people in their late 20s/30s in my position making under 50k. Many people in back office are not sought after employees. The high turnover and culture of the office means you don't really know many people there well unless you've worked there for years. A lot of people plateau out at supervisor and I still cannot figure out why they still work there. A large part of my job is basically proving that I'm doing my job i.e. I'll do a daily reconciliation and clearly see there are no issues, but I have to print it out, sign it, turn it into a more senior associate, have them sign it, and then file it. They need to hire better people and trust them more instead of having a low wage worker-high level of supervision mentality.

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    2 people found this review helpful
  1. 5.0
    Current Intern

    Official offer letter

    Mar 1, 2023 - Digital Marketing Intern 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great company, good opportunity, diverse group

    Cons

    My official offer letter still hasn't come

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  2. 1.0
    Current Employee, more than 10 years

    Mediocrity Across All Categories

    May 31, 2023 - Technology Guy in Jersey City, NJ
    Recommend
    CEO Approval
    Business Outlook

    Pros

    It's a steady paycheck. Some of the people are very nice, even if not the sharpest blades in the shop.

    Cons

    Company learned nothing from the pandemic -- now forcing everyone back to the office despite all evidence that it will reduce productivity and efficiency. Micromanagement and rule by committee are the order of the day. Some of the most productive areas are chronically understaffed and under budgeted. New "digital" and "X" units are populated by poseurs and charlatans delivering substandard products and vaporware. Stacked ranking and ongoing layoffs lead to perverse outcomes and unfair division of labor.

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