BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated 15 December 2014
Updated 15 December 2014
1,354 Reviews
2.8
1,354 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work-life balance in my department, but not in all areas of the company (in 136 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 32 reviews)

  • Plenty of talk but no regard for work life balance (in the technology sector) (in 23 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Asset Servicing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate in Wilmington, DE (US)
    Current Employee - Senior Associate in Wilmington, DE (US)

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

    Pros

    It’s a large corporation so there are avenues for people to branch out. There is support for employees to enhance knowledge and learn different skills, and has a good work-life balance. It's a good place to get your foot in the door in the industry if you're just getting started.

    Cons

    Low salaries, lack of transparency from management, easy to get lost in the shuffle. Depending on your point-of-view there aren't high standards for performance. It seems people get rewarded for providing the bare minimum and it seems cultural. Working with other service groups is a nightmare as that culture seems pervasive. The company has a poor reputation as having under-skilled employees when going for higher level positions at other companies.

    Advice to ManagementAdvice

    The company doesn't seem to value talented employees at least not in Asset Servicing as much as they should. Talented people should be developed and efforts made to retain them.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Operations Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Clerk in Lake Mary, FL (US)
    Current Employee - Operations Clerk in Lake Mary, FL (US)

    I have been working at BNY Mellon full-time (more than 8 years)

    Pros

    Great people and very respectful place to work , enough work and overtime available.

    Cons

    You will get lost in the shuffle, very hard to advance . Keep your head down and do the work, do not speak up or put in the spotlight.

    Advice to ManagementAdvice

    Provide more incentives for employees to stay and look forward to coming in on a daily basis. Too many chiefs and very little Indians.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Good experience

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

    I have been working at BNY Mellon full-time (more than 8 years)

    Pros

    Very good people with friendly inviremental

    Cons

    No room for growth, hard to get promoted, long working hours

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Technology Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology Analyst in Chennai (India)
    Current Employee - Technology Analyst in Chennai (India)

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

    Pros

    Good work life balance. Easy to move across teams internally.

    Cons

    Too slow to change.
    Low salary.

    Advice to ManagementAdvice

    Focus on being more agile.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 3 people found this helpful  

    Looking to retire?

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

    I have been working at BNY Mellon

    Pros

    Work Life Balance. Some good people in management.

    Cons

    No bonuses, poor office culture & morale, poor health plans and benefits, below market wage increases, no effort to keep or grow talent and hire internally, use of obsolete platforms and technology and no free water or coffee. CYA attitude is pervasive.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Good doorway into the industry but limited growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Asset Service Specialist in Westborough, MA (US)
    Current Employee - Asset Service Specialist in Westborough, MA (US)

    I have been working at BNY Mellon

    Pros

    Management is personable. Easy to concentrate on the work at hand while not getting pulled in many directions.

    Cons

    Limited career growth due to constant hiring freezes. More responsibilities get piled on without proper compensation. Coworkers tend to make mistakes and refuse to correct what is being done wrong.

    Advice to ManagementAdvice

    Hire more competent employees. Treat employees that are vital to daily operations like they are key members of the team.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    The company offers poor career opportunities and very low salary rates

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Module Processor in Pittsburgh, PA (US)
    Former Employee - Module Processor in Pittsburgh, PA (US)

    I worked at BNY Mellon

    Pros

    convenient location in downtown of Pittsburgh

    Cons

    The company is cheap and offers promotions only for those who have personal connections within the departments

    Advice to ManagementAdvice

    Care more about your employees

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Used to be a dream company

    • 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

    Flexibility, work load, work-life balance, people

    Cons

    Not compensated for hard work

    Advice to ManagementAdvice

    Fight for workers, don't be quiet, we think same

    Doesn't Recommend
    Negative Outlook
  10.  

    There is a lot of confusion in our department, but I've heard it's like this all over the company ...

    • 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 (less than an year)

    Pros

    My coworkers are great! We are a very social team. The benefits are pretty good.

    Cons

    Management is all over the place and they expect you to jump upon request. Lots of constant procedural changes from day to day. I never feel like I accomplish anything because I'm constantly being pulled in various directions.

    Advice to ManagementAdvice

    Listen to your team!! If you see a lot of turnover (negative), look around and ask questions. Find out why your team is leaving and do your very best to keep them. I'm sure the lack of bonus' and pay increases cause team members to leave. Sometimes having a job just isn't enough!!!

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    I wouldn't wish this job on my worst enemy.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mutual Fund Accountant in Philadelphia, PA (US)
    Former Employee - Mutual Fund Accountant in Philadelphia, PA (US)

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

    Pros

    Location is incredible with a nice view of the city. Honestly, that's pretty much it. My supervisor was very nice. My coworkers were usually helpful.

    Cons

    This job has a quicker turnover than Clark Kent changing into Superman in a phone booth. It's all about this company's bottom line while the majority of the employees enjoy their yearly 1% raise. They have an "if it's not broke, don't fix it" mentality, so the creativity and energy needed to drive ideas forward can only be done if you're truly passionate about what you do. Other than managing stress and learning to cover for yourself and nobody else due to lack of communication, none of the technical skills would actually carry forward into an actual accounting position. But, I will say that it's near-impossible to get fired, so job security is incredible.

    Advice to ManagementAdvice

    Pay your employees better and get rid of the ones that are obviously collecting a paycheck while doing nothing. There's hungry people out there willing to help this company out, reward them for their hard work.

    Disapproves of CEO

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