BNY Mellon - Good Entry Level Company | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (2)

"Good Entry Level Company"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Associate (Wealth Management) in Boston, MA
Current Employee - Associate (Wealth Management) in Boston, MA
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

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

Pros

As a global leader in investment management/custody services, BNY Mellon employees are exposed to a number of different banking/investment related fields at the institutional and individual client level.

Cons

Salary is on the lower side of competitive and the company fails to retain top talent by failing to invest in the development of younger professionals.

Advice to Management

To be the best, you need to have the best people working for you. BNY Mellon proprietary funds significantly and routinely underperform benchmarks. Invest in people and technology to expand your market share and investment capabilities.

Other Employee Reviews for BNY Mellon

  1. "Good first job out of college"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Everett, MA
    Current Employee - Anonymous Employee in Everett, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Big company, big name, the benefits aren't bad but can't say much else

    Cons

    Pay is not good at all. Moving up in the company is all about luck and after awhile you start to feel very unappreciated. Work is very repetitive and you work a lot without much in return. Bonuses do not exist unless maybe you're with senior management. If your looking to get your foot in the door in finance then it's great but most people try to get after a year or 2.


  2. Helpful (1)

    "Still merging after all these years"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Professional in Syracuse, NY
    Former Employee - IT Professional in Syracuse, NY
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Good pay for upstate NY, one of the few large employers in the area

    Cons

    Internally the financial institution is still fiefdoms of BNY and Mellon. Each location feels that they have the short end of the stick when in fact the merger reduced the benefits for most and made a mess of the work environment for many. Benefits get worse every year with a song and dance about surveying our peer group and noticing that we can reduce your healthcare, retirement or other benefits and still stay marginally ahead of them. No significant pay increases in 5 - 6 years. New and improved processes, employee engagement or other non-compensation program come out every year to try and improve upon the dismal employee surveys. Crazy overtime in some areas, not pulling your weight if you leave on time. Some tech teams are overloaded with work and others are balanced or on smaller systems. Kudos often given to the teams with minimal work load that have time to do the 'above and beyond' work (or just time to write up their achievements creatively).

    Advice to Management

    Technical training is as needed or for a select few. Training initiatives are a joke. People fill training requirements with non-essential free training to check off the box because the good training is not authorized. Outsourcing needs to be reduced. Too much risk, kills morale and knowledge leaves too easily. Strike a better balance between shareholders profits and employee pay/benefits. New CIO is an idea person, not a leader/organizer. He needs to create a blueprint of his vision instead 'lets be innovative' speeches

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

See Most Recent

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