BNY Mellon - Heart in the right place, but head in the sand | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (4)

"Heart in the right place, but head in the sand"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Applications Manager in Pittsburgh, PA
Current Employee - Applications Manager in Pittsburgh, PA
Doesn't Recommend
Neutral Outlook
Approves of CEO

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

Pros

Decent benefits, flexible work arrangements and career opportunities are there for those who network. Immediate management is doing the best with what they have.

Cons

Low pay, frozen pay and little to no recognition for above average contribution
Cuts were too deep across too many areas, many functions have yet to recover. It's nearly impossible to count on routine requests being routine.
Instead of hiring desperately needed employees the response has been to obtain, train and release contractors in a never ending cycle, bleeding institutional knowledge..
Management by metrics isn't taking into account the very important factors of culture and other intangibles. Too much 'ivory tower', senior management projects the image they are above understanding the interconnections of data and systems.

Advice to Management

Stop spending money on new cubicles and invest in the workforce.

Other Employee Reviews for BNY Mellon

  1. Helpful (2)

    "Trade Specialist I - Don't Settle.. Keep Searching for Better Jobs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trade Specialist in Pittsburgh, PA
    Current Employee - Trade Specialist in Pittsburgh, PA

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

    Pros

    Good job right out of college. Once you learn the work, it's easy. Very consistent. Stable job

    Cons

    No room to move up as a trade specialist. Merit increase was very low. Not consistant between employees, and not based on amount of work you put in. Lack of appreciation for hard work. No motivation to continue working for the company.

    Advice to Management

    Notice those who work extremely hard each day, and notice those who don't. Many hard working, knowledgable people go unnoticed. Offer more incentives or promotions for those who deserve it or they will leave for a new job..


  2. Helpful (1)

    "Overall, a satisfying experience."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good use of technology and good employee benefits. Quarterly technology review meetings keep everyone up to speed on the bank's use of technology.

    Cons

    Merit increases not worth the wait. Bonuses used to reward good work, but even they became small. Training was encouraged, but mostly through online courses.

    Advice to Management

    If you are not going to provide decent merit increases try rewarding through other means, such as telecommuting.

There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

See Most Recent

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