BNY Mellon - work here if you want a soul sucking dead end job | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (2)

"work here if you want a soul sucking dead end job"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Trade Specialist in Pittsburgh, PA
Former Employee - Trade Specialist in Pittsburgh, PA
Doesn't Recommend
Negative Outlook
No opinion of CEO

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

Pros

There was a decent amount of vacation time. The best part of working there was the days when I didn't have to be there.

Cons

unrealistic goals are set that you have to reach to even be considered for your less than cost of living increase "pay raise", no work/life balance- this place is like office space and they expect you to work all hours, an extremely boring, mind numbing job, and management is clueless.

Advice to Management

Actually learn what your team does and then find real ways to make things more efficient and help people rather than standing around cracking the whip. My experience was that my manager just constantly went out for coffee, or to the gym, and was never actually around. And then when he was around he'd just yell at people over stupid things. And got paid big bucks for this?! REALLY?!

Other Employee Reviews for BNY Mellon

  1. "Accountability is hard to find"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in New York, NY
    Former Employee - Senior Associate in New York, NY
    Doesn't Recommend
    Positive Outlook

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

    Pros

    Flexible work hours,cordial, low work pressure which is good for family life etc.
    Decent health benefits although appeared to be lessening in recent years.

    Cons

    Slow to seize business opportunities. Deeply entrenched middle management structure. Thrift mentality stifles innovation and idea generation from employees with an ambition to think strategically. More emphasis on tenure vs meritocracy as related to promotions, internal transfers and compensation/reward. Errors, mistakes and failing to execute are tolerated with little attention paid to accountability. Excessive hiding behind bureaucratic processes hinders effective decision-making and leads to competitive disadvantage. Career development in name only with a high proportion of managers lacking genuine interest in staff development. Career development is approached procedurally, not substantively, with little quality investment in career-pathing on a sustained basis. Technology is severely outdated.

    Advice to Management

    Much more emphasis on genuine career development of talented graduates. Greater scrutiny of the level of contribution being made by senior business managers. Needs to be much more investment in strategy and much clearer characterization of the vision of the firm. There is no disclosed vision statement.


  2. Helpful (1)

    "Nothing Changes here, poor investment and poor outlook"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in Brooklyn, NY
    Current Employee - Specialist in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    BNYM is a leader in many market segments
    A world wide Org with tons of reach
    Long history of being a stable member of Wall St.

    Cons

    No investment in employees, internal promotions don't happen without a good ol' boys network
    Lack of investment in systems
    Ultra-Low Morale

    Advice to Management

    Why not provide /REAL/ clarity to internal hiring, and create a culture of learning instead of stagnating

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

See Most Recent

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