BNY Mellon Reviews

Updated 19 October 2014
Updated 19 October 2014
1,269 Reviews
2.8
1,269 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
376 Ratings

Review Highlights

Pros
  • Good work-life balance in my department, but not in all areas of the company (in 129 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 77 reviews)


Cons
  • No room for growth, salaries at lower end in the industry and merit increases are close to zero (in 29 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 51 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Collegial atmosphere, good people, and good job security

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    Former Employee - Relationship Manager in New York, NY (US)
    Former Employee - Relationship Manager in New York, NY (US)

    I worked at BNY Mellon full-time (more than 5 years)

    Pros

    Work/life balance there is very attractive to any employee, the bank encourages employees to seek advanced degrees and pay for partial tuition
    Reimbursement. Solid brand name and reputation. Integrity of senior management

    Cons

    The Bank is known on Wall Street as paying below the average scale in most business lines and functional areas. With the above-average job security comes lesser return in terms of annual bonuses.

    Advice to ManagementAdvice

    Leverage the Bank's solid brand name and global reach to expand into new business lines.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Pleasant working experience

    Current Employee - Financial Analyst in Pune (India)
    Current Employee - Financial Analyst in Pune (India)

    I have been working at BNY Mellon full-time (more than an year)

    Pros

    Office culture, HR policies, BAU, work-life balance

    Cons

    personal growth, exposure, employee transfers,

    Advice to ManagementAdvice

    better growth policies

  3.  

    Corporate Trust Associate review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trust Associate in New York, NY (US)
    Former Employee - Trust Associate in New York, NY (US)

    I worked at BNY Mellon full-time (more than an year)

    Pros

    Annual salary is great for college grads.

    Cons

    Glass ceiling. Typical example of corporate America.

    Advice to ManagementAdvice

    Management should work to create incentives for their employees to want to work their best, ie promotions and general appreciation for their merits.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good company to start with your career

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Employee Centric, Great working environment and Supportive Staff.

    Cons

    Salary and bonuses are quite low. Growth is too stagnant.
    Camera Mobile phones not allowed.

    Advice to ManagementAdvice

    Keep it Up!

  6. 1 person found this helpful  

    It almost feels like office bullying.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon full-time (more than an year)

    Pros

    Leaving at 5 p.m. Don't have much good to say when their managers seem to be trained to micro manage to a point where it's very nerve wracking. They tell you they want you to work as a team but they'll jump in your conversation with other coworkers when you ask a question to them, and tell you that it's in the procedure.

    Cons

    the biggest challenge is trying to deal with supervisors and management who are constantly sending themselves and members of the group instant messages telling us what we are doing wrong. It's a tool I think they're abusing and not creating a good atmosphere.

    Advice to ManagementAdvice

    Start training and treating employees like say maybe Google and you might have higher stock value, happy employees and less turnover.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Too extreme.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Services Manager II in Pittsburgh, PA (US)
    Current Employee - Applications Services Manager II in Pittsburgh, PA (US)

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

    Pros

    Room for growth and opportunities if time permits. Salary is decent.

    Cons

    Never had enough resources to leave time for learning and growth. Vacation times were frowned upon.

    Advice to ManagementAdvice

    Learn how to stabilize the project flow, get enough people to manage the project work, and promote a good environment. Don't raise your voice, modify your arguments. Practice what you preach.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    Dead End - Avoid If Possible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Control Accounting Specialist in King of Prussia, PA (US)
    Current Employee - Control Accounting Specialist in King of Prussia, PA (US)

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

    Pros

    401k program is very good. Decent amount of time off.

    Cons

    Low salaries and raises. Upper management argues that the salaraies are "competitive" but BNY's competitors actually tend to pay significantly more. Meanwhile we get quarterly newsletters telling us about how much money the company keeps making....pretty darn insulting.

    Promotions are uncommon and the raises that come with them are not commensurate.

    Flat out boring atmosphere. Each day is exactly the same as the one before.

    Bloated management structure. Many managers are lifers that just keep their heads down and tread water...lots of older people that got promoted because they put their time in but aren't qualified. Most are not proactive in helping you advance in your career and perhaps even discourage it, because keeping you in your seat forever makes things easier for them. These people prevent more deserving employees from moving up.

    Lack of educational, career, and general professional growth opportunies.

    New employees are often hired at higher salaries than experienced employees...very demoralizing.

    Health benefits seem to have lowered in quality almost every year since I started working here.

    Advice to ManagementAdvice

    Treat employees like human beings. Pay a fair salary.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Unpleasant Work Experience & Corporate Culture - Los Angeles

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Accountant in Los Angeles, CA (US)
    Former Employee - Senior Accountant in Los Angeles, CA (US)

    I worked at BNY Mellon full-time (more than 5 years)

    Pros

    For Non-exempt employees, work week based on a 37.5 hour system.

    Cons

    Corporate culture does not value employees; monetary rewards are minimal to null resulting in a toxic and unhappy work environment. Performance review system for a tenured company is frequently changing, makes you wonder why?!?

    Advice to ManagementAdvice

    Focus on personal development and growth matched with industry compensation.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Slow and inefficiency

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in New York, NY (US)
    Former Employee - Financial Analyst in New York, NY (US)

    I worked at BNY Mellon as a contractor (more than an year)

    Pros

    Life/Work balance, 9am to 5am. Good commute.

    Cons

    self starter, few training.
    people only care about their lives, and don't care improve their business
    ppl see the downside of company, and active look outside

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    employee for 6+ years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    vacation time has to be the best part about working at BNY Mellon.

    Cons

    UNless you are high management, you do not get paid accordingly. We are the lowest of the low in the financial industry.

    Advice to ManagementAdvice

    I have heard of many departments, at the same location, who are being offered to work from home atleast once a month. This should be expanded to all departments. Also, management should acknowledge the work their staff does on a daily basis. once in a while, there are recognition awards given out, but a lot of the times they are given, in secret. As well as promotions. When someone is promoted in my department, which is VERY rare, it is kept very quiet, which no one understands. You should be proud of your staff.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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