BNY Mellon - Archaic, but stable company who cares about your future | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (2)

"Archaic, but stable company who cares about your future"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Investment Management Services in Orlando, FL
Former Employee - Investment Management Services in Orlando, FL
Doesn't Recommend
Positive Outlook
Approves of CEO

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

Pros

Good 401(k) match. Good vacation time options. Many health and other insurance benefits to choose from. Although primarily a custodial bank, this behemoth has many departments and companies it owns to allow you to expand your career in different areas of the business. Also, one of very few companies left offering a pension plan. Very dedicated to diversity and inclusion among any "minority" group you can think of. Most roles are non-exempt, so overtime helps you increase your salary to a half-decent living situation.

Cons

Terrible advancement rules with upgrades in salary grade or transfers/promotions to other departments. If your current salary is anywhere within the massive range of the salary grade of your promotion or transfer, you keep your salary. This ends up forming groups of people where analysts are hired on making more money than senior members of the team and supervisors, and discourages employees from wanting jobs with extra challenge.
Only the very top of the food chain receives bonuses or stock awards.
Extraordinarily bureaucratic.

Advice to Management

Spend some time revisiting some of the ridiculous rules in place for the advancement of your employees.

Other Employee Reviews for BNY Mellon

  1. Helpful (1)

    "An elephant that can't dance but has solid footing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wealth Management in New York, NY
    Current Employee - Wealth Management in New York, NY
    Recommends
    Neutral Outlook

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

    Pros

    Company stays out of the news media spotlight. One of the most secure companies.

    Cons

    No perks. No lunch room. No fun. We come to work and sit all day alone in our offices communicating with our computers. Employees are still pissed that the Board paid the last CEO $34 million to go away, even though they never should have brought him back.

    Advice to Management

    This market has humbled you. Stay that way.


  2. "Blahhh"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - ETF Accountant in Brooklyn, NY
    Current Employee - ETF Accountant in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    I had the opportunity to improve my communication skills by training new hires on how to handle the day to day task. Lots of client interaction.

    Cons

    Automated Process for many of the task. Hard to distinguish between employees, Zero focus on employee retention and engagement. Lots of downtime

    Advice to Management

    Figure out a way to have the employees engaged. Figure out way to increase talent.


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

See Most Recent

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