BNY Mellon - Relatively good benefits for full-time employees, but internal career progression is rather difficult. | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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"Relatively good benefits for full-time employees, but internal career progression is rather difficult."

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

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

Pros

Compared to other banks, the working hours are reasonable and work-life balance is fairly good. The company also supports employees via a variety of training programs, healthcare initiatives and flex-time arrangements.

Cons

Compared to other financial institutions, salaries are very low. Also, the salary bands are way too wide, and people can perform the same exact job for often $10-25,000 difference, which is unreasonable. One-size-fits-all time restrictions impede internal career movement for those who are ready to move up faster. Promotion within the same department often means a minimal salary increase as policies don't allow passing the minimum of the salary band.

Advice to Management

Better focus on employee development and nurturing internal talent.

Other Employee Reviews for BNY Mellon

  1. "Long and slow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BNY Mellon full-time (More than 10 years)

    Pros

    Work / life balance is reasonable

    Cons

    It is not clear how to get promoted and its easy to get stuck at VP level

    Advice to Management

    Upper management should seek to give people opportunities to advanced, and support each person with career advisors


  2. Helpful (1)

    "Static company"

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

    I worked at BNY Mellon full-time

    Pros

    Decent benefits and vacation time, allows you to be flexible with your time.

    Cons

    Worst HR. HR is very badly managed, hard to get an answer from there, very disorganized, not the smartest or most considerate people there. For the most part the people are not that driven who work there and are just putting in hours. No room for advancement, not very challenging, only way you will advance is if your manager, who has probably been there for 20 years, decides to go somewhere else.

    Advice to Management

    Find a way to increase earnings and raise the price per share of BK

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

See Most Recent

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