BNY Mellon - Below industry average pay, lacks career growth opportunity | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (3)

"Below industry average pay, lacks career growth opportunity"

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

I have been working at BNY Mellon full-time (More than 5 years)

Pros

Hours are flexible, work from home, easy vacation scheduling. The company also values new ideas and innovation, and an employee can directly effect the enhancement of a product or practice.

Cons

Below industry average salary, with no opportunity for bonuses or performance based raises. Yearly cost-of-living increase consistently falls below inflation rate.

Recognition at the company is dissatisfactory. While one employee can effect products or practices, receiving praise or reward for doing so is extremely rare. Coupled with no bonuses, this fosters an environment where employees lack any incentive to improve existing conditions.

Career growth is also mostly stagnant. The company has significant difficulty retaining talented employees, and the remaining workforce consists of many "lifers", older individuals who are okay at their one specific job function, and have no desire to go further. This lack of personal drive rebounds off management and fosters an environment where having ambition to grow is considered an annoyance.

Advice to Management

Take the time to understand what motivates your employees, and offer those motivations as incentive. More competitive pay and opportunity for performance bonuses would be ideal.

Other Employee Reviews for BNY Mellon

  1. "Good learning"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Software Developer
    Former Intern - Software Developer

    I worked at BNY Mellon as an intern (Less than a year)

    Pros

    Get to learn about working in a big financial company

    Cons

    Old technologies used for development because of legacy software


  2. "Very demanding. They expect a lot of hours"

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

    I have been working at BNY Mellon full-time (More than 5 years)

    Pros

    The pay is pretty good.

    Cons

    They expect employees to work a lot of hours

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

See Most Recent

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