BNY Mellon - Good work and dedicated people, limited advancement opportunities. | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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Helpful (2)

"Good work and dedicated people, limited advancement opportunities."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Project Manager in Pittsburgh, PA
Current Employee - Project Manager in Pittsburgh, PA
Recommends
Positive Outlook
Disapproves of CEO

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

Pros

Global organization with managers who truly appreciate diversity.
Backbone of economic flow of cash and capital globally.
Emerging focus on empowering and recognizing talent (more), but not there yet.
Professional development opportunities through newly unified training/development organization.
Risk management culture has created one of the "safest banks in the US" (per financial crisis)

Cons

Even with outstanding performance record over many years, limited advancement.
Anecdotally, many employees feel frustrated by lack of rewards (e.g. pay raises and bonuses), and lack of recognition.
Culture aspires to employee empowerment and "continual improvement", but is hampered by fiefdoms and industrial-era management style.
Risk management culture stifles creativity
Senior leaders communicate an attractive vision of the future, but struggle to execute and make this tangible to most

Advice to Management

Figure out how to engage, empower, and unleash the potential of many more employees beyond a select few. Remove the clock-punching deadwood people who simply don't care. Recognize and promote many more existing staff, rather than looking primarily outside for solutions to problems.

Other Employee Reviews for BNY Mellon

  1. "A decent place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in New York, NY
    Former Employee - Client Service Associate in New York, NY
    Recommends
    No opinion of CEO

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

    Pros

    Not overworked. Decent pay and benefits

    Cons

    Opportunity is not given to grow within the company.

    Advice to Management

    Show that you value your employes. Specially ones with more experience.


  2. Helpful (4)

    "Hell in a handbasket"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trust Administrator in Houston, TX
    Former Employee - Trust Administrator in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at BNY Mellon full-time (More than a year)

    Pros

    Good benefits package
    Minimal stock options for all employees

    Cons

    Extremely low pay compared to market
    Constant threats of layoffs (including having other companies tour and give bids of your office space while you are working)
    You WILL work more than 40 hours a week with no OT
    No upward mobility
    Poor company culture
    Rampid low employee morale
    Crazy hierarchy where you have multiple bosses

    Advice to Management

    Hire more experienced personnel, and shell out the dollars to get that personnel. Hiring absolutely nothing but fresh college graduates paying them peanuts does not seem to be working for you. Your money is being hemorrhaged through constant training and wild turnover. Ultimately, listen to your employees, with such a bureaucratic hierarchy system, it takes too long to make the slightest of changes, and most, if not all, of any positive ideas brought to your attention ever come into fruition

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

See Most Recent

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