BNY Mellon - The company has changed drastically. | Glassdoor
There are newer employer reviews for BNY Mellon
There are newer employer reviews for BNY Mellon

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"The company has changed drastically."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Applications Developer IV in New York, NY
Former Employee - Applications Developer IV in New York, NY
Doesn't Recommend
Negative Outlook
No opinion of CEO

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

Pros

Coworkers were great to work with. Environment was good, with many employees there for 10 - 15 years or more. Very knowledgeable group of people. Good 401k. Interesting work. Did a pretty good job of training employees after the Irving Trust takeover.

Cons

Pay was always lower but profit sharing at the end of the year made up for it. Profit sharing was terminated but salaries never got any better. Second line manager was disinterested in the careers of the people who worked for him. After Mellon merger considered operations in New York (and suburbs) an expense and not worth the cost. I trained 2 people to take my job.

Advice to Management

Provide career paths for employees. Engage employees. Regular skip level meetings would be a good.

Other Employee Reviews for BNY Mellon

  1. Helpful (1)

    "Disappointing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accounting Supervisor in Brooklyn, NY
    Current Employee - Fund Accounting Supervisor in Brooklyn, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great 401k benefits and out of college experience. Online courses are a definite benefit if employees were motivated to take them.

    Cons

    There is no career growth whatsoever. The pay is poor. Several years if 2% increases don't even cover the national inflationary rate and is completely unacceptable. There is no reward for working hard so everyone has become complacent and lazy. This company was founded in NYC and is one of the cities oldest companies and all the middle management/entry level jobs are being shipped to cheaper areas where they hire incompetent staff.

    Advice to Management

    Fire the entire board of directors and start over. Also when we absorb other companies you would think that we would retain our people instead of taking on the policies of Mellon/GIS which have both damaged the reputation of this company that was once great.


  2. Helpful (2)

    "Empty Promises"

    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
    Negative Outlook
    No opinion of CEO

    I worked at BNY Mellon full-time

    Pros

    Work life balance was pretty good.

    Cons

    Little promotion ability despite promises made by management.

    Advice to Management

    Install a career ladder.

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

See Most Recent

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