BNY Mellon - Please take note | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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"Please take note"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Mutual Fund Accountant in New York, NY
Former Employee - Mutual Fund Accountant in New York, NY
Doesn't Recommend
No opinion of CEO

Pros

Opportunity for somone right out of college. It is a great place to start. It teaches you a lot about financial services. I learned things at BONY that I didn't learn in college.

Cons

No room for advancement. Should only stay a maximum of 2 years. After 2 years, you should look for a better opportunity.

Advice to Management

There needs to be more room for advancement within the firm. That is the only way to retain great talent. Management should create better outlets for people to explore within the firm.

Other Employee Reviews for BNY Mellon

  1. "Bank of New York underpaid and under challenged"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Administrator in Brooklyn, NY
    Current Employee - Portfolio Administrator in Brooklyn, NY
    Disapproves of CEO

    Pros

    If you are looking for a job where you do the bare minimum and collect a paycheck this is the ideal place to work. Most of the people there are unmotivated and underachievers. Everyone that works there complains about how little they are paid yet very few take the steps to leave. As an initial job it ok cause you learn a lot and are exposed to various areas. But if you stay more then 2 years you get very comfortable it becomes hard to leave. The place changes you for the worst.

    Cons

    Its is boring and you do not use your brain

    Advice to Management

    They should realize that they are never going to keep any talent there. They need to change the way things are because a person who works really hard and the person that does the bear minimum are treated pretty much the same. The person who works really hard gets an extra 2 percent at the end of the year.


  2. Helpful (1)

    "Growing up"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Houston, TX
    Current Employee - Manager in Houston, TX
    Recommends

    Pros

    The company is moving from the dark ages into a progressive place to work. The focus on securities servicing and moves away from other traditional bank products should provide a more predictable earnings stream, so long as the time horizon on investments is beyond the quarterly earnings report.

    Cons

    Merging of BNY and Mellon is going to take another couple of years. Houston business has been downsizing through an agressive, but questionable, transfer of jobs to Pittsburgh. This is going to take years to recover from. BNY bought the dominant JPMorgan Corporate Trust CDO business and got more than it could handle.

    Advice to Management

    Focus on the fundamentals of the people. The last two years has resulted in dramatic losses of experience and talet.

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

See Most Recent

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