BNY Mellon

www.bnymellon.com

BNY Mellon Reviews

Updated 26 January 2015
Updated 26 January 2015
1,417 Reviews
2.8
1,417 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
437 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.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Manchester City Centre, England
    Current Employee - Fund Accountant in Manchester City Centre, England

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

    Pros

    Both Manchester offices are based in a good location and all staff recieve discounts from a number of outlets in the city centre. The benefits/ pension is really good and the majority of people you meet will be down to earth and helpful.

    Cons

    Base salary is low for new starters in entry positions and once you're in, increases will be minimal.
    Due to the pressure that a lot of departments face, training for new starters is very focused on getting the job done rather than understanding what is happening, which leads to increased work load/ risk for their immediate supervisor/ manager.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Pay peanuts, get monkeys

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Income & Tax Clerk in Manchester City Centre, England
    Current Employee - Senior Income & Tax Clerk in Manchester City Centre, England

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

    Pros

    Offer training courses
    Given responsibilities beyond that of role if willing
    Career progression if willing

    Cons

    Very low pay, even after promotions.
    low chance of bonus, poor bonus when it is paid.
    Low pay rise, even for good performers, sometimes less than inflation or non-existent.
    These factors lead to high staff turnover as anyone with the ability to get a job elsewhere, will do. This also means that the majority of staff are relatively inexperienced.

    Advice to ManagementAdvice

    management try to use every tactic to reduce staff turnover except for the obvious - pay more.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Investments Intern at well-known subsidiary Asset Management boutique

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Edinburgh, Scotland
    Former Employee - Intern in Edinburgh, Scotland

    I worked at BNY Mellon part-time (less than a year)

    Pros

    Question of FIT is very important and means recruitment is not so rigid.
    Unique working culture and investment philosophy.
    Meetings with management were a definite highlight and my supervisor was well-aware that this access is a benefit.
    Insight into confidential, market discussions with investment team.
    The boutique had around 100 employees but an international reputation and soaring assets under management. Because everyone including the directors were very down-to-earth and very approachable meaning I was not constantly aware of the reputation of the firm which became clear to me only after the internship.
    Chance to present to the investment team and directors!
    Symbolic minimum wage may be a disincentive to some and definitely stands our considering the high salaries of permanent employees. I found this understandable, though.
    Hours: 9-18.30!

    Cons

    Internship scheme at a boutique may not offer same opportunities as at a larger bank, which is why my supervisor recommended gaining experience at a larger firm in London.
    All individual projects assigned to interns were interesting and filed for future reference to inform decisions on graduate scheme applications. However, many of these were not directly relevant to Asset Management.

    Advice to ManagementAdvice

    More transparency on compensation could be an additional incentive, but this is understandably sensitive as the employees are among the best paid in the country.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Okay

    Current Employee - Fund Administrator in Manchester, England
    Current Employee - Fund Administrator in Manchester, England

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

    Pros

    to gain experience. Flexible working hours

    Cons

    Salary is poor and chances or progression are limited

    Advice to ManagementAdvice

    value your employees

  6.  

    Analyst

    • 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

    Pros

    Friendly Environment, work-life balance, office view

    Cons

    Pay, leadership, decisive management,

    Advice to ManagementAdvice

    Need to be more flexible

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Management appalling

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrator in Brentwood, England
    Current Employee - Administrator in Brentwood, England

    I have been working at BNY Mellon

    Pros

    Pension and health being are good. Location good.

    Cons

    Management is appalling. Aggressive,poor examples, unprofessional .

    Advice to ManagementAdvice

    Improve professionalism, listen to staff, don't treat staff like children . Be less aggressive and more understanding of others

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Great people, good professional experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Corporate Actions Specialist in Manchester, England
    Former Employee - Corporate Actions Specialist in Manchester, England

    I worked at BNY Mellon full-time (more than 3 years)

    Pros

    Great team, really sociable, professional and hard working. Great working atmosphere and environment

    Cons

    Lack of inclusion in the decision making process. There was a change in management whilst I was employed which I think had a negative impact on the department

    Advice to ManagementAdvice

    Create a more inclusive culture and be aware that management styles that work in the US does not necessarily translate well to the UK

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Get out what you put in

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Corporate Actions in Manchester, England
    Current Employee - Corporate Actions in Manchester, England

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

    Pros

    Good opportunities for progression, inclusive work culture, open to change, initial basic salary is pitched at an appropriate level, opportunities to push yourself and learn something new

    Cons

    Salary increases are poor, under use of incentives (financial or otherwise), no compensation for increasing experience, unable to compete with local competitors for experienced staff, confused message from senior management, disconnect between effectiveness of cost cutting and promotion of risk management

    Advice to ManagementAdvice

    Accept that in order to retain good staff and thus manage risk effectively salaries need to be reviewed and adjusted appropriately and at regular intervals.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  10.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer in London, England
    Current Employee - Software Developer in London, England

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

    Pros

    benefits, compensation, training, work culture, people

    Cons

    work life balance, work life balance

    Advice to ManagementAdvice

    appreciate and ensure career path for hardworking employees

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Summer intern at BNY Mellon

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in London, England
    Former Employee - Anonymous Employee in London, England

    I worked at BNY Mellon (less than a year)

    Pros

    - Good learning opportunities existed in the internship programme with talks every week delivered by top management in various areas giving a broad overview of a very complex organisation as it is a universal bank
    - Helpful colleagues
    - Good growth opportunities

    Cons

    - Could have been given more responsibility

    Advice to ManagementAdvice

    - Need to improve the efficiency of processes

    Recommends
    Positive Outlook

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