BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated 18 November 2014
Updated 18 November 2014
1,319 Reviews
2.8
1,319 Reviews
Rating Trends

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

Review Highlights

Pros
  • Decent work life balance pay is enough to survive if you don't need much (in 132 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 31 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.  

    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
  2.  

    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
  3.  

    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
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  5.  

    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 an 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
  6.  

    Summer Internship at BNY Mellon

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

    I worked at BNY Mellon as an intern (less than an year)

    Pros

    Excellent exposure to a variety of different financial service businesses, with access to a number of senior people within the organisation.

    Cons

    Not may cons to speak of - most of the employees I came into contact with had been at the business for a number of years (some having been hired straight out of college) and had no desire to leave.

    Recommends
    Approves of CEO
  7.  

    An awful HR team and boring culture.

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

    I worked at BNY Mellon

    Pros

    Good opportunities to get out into the community and volunteer.

    Cons

    The UK HR team are awfully incompetent, will take weeks to respond to an email.
    An unfair culture that does not support hard work and effort. They actively reject good graduates and interns because they don't know anybody from the bank already.
    A culture of long and complicated acronyms to describe even the most simplest of things.

    Advice to ManagementAdvice

    Replace half of HR will more capable people.
    Review your graduate and intern recruitment policy - put the power in the manager's hands and HR.
    Instigate a more effective corporate culture.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Not a good company to work for!

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

    I worked at BNY Mellon (more than an year)

    Pros

    Benefit scheme and training courses.

    Cons

    The senior management in Manchester Finance department is unprofessional. They don't care about retaining good dedicated staff. No respect and no reward from the management team.

    There is absolutely no career path and progression. There is favouritism where one could get promoted every year and the management would give you thousands of excuses not to offer you a promotion, even though you are more skilful and more experienced than their favourite ones.

    Salary is well below industry average and annual salary rise is minimal.

    Staff turnover is very high.

    No work-life balance.

    Advice to ManagementAdvice

    Be fair, be professional, be transparent and respect staff.

    Doesn't Recommend
  9.  

    Not enough opportunities

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

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

    Pros

    Get together events at Christmas. Nice and some helpful colleagues.

    Cons

    No progression, low salaries, poor bonuses and really sad pay rise.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Good stepping stone

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

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

    Pros

    People are generally friendly and open. The company puts a lot of resources and effort on diversity and employee engagement. It is a good place to practice fixing things.

    Cons

    Salaries in many departments in non financial centres are not in line with local competitors. Progression can be slow and investment in serious training and development is lacking. It is also not easy to move around without guardian angels at senior levels.

    Advice to ManagementAdvice

    Pay attention to the plight of your middle managers rather than statistics. If you offer low salary you will not attract or retain quality and clients will notice.

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

    It is Good

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon full-time

    Pros

    It is a good company, it cares for the employes, the overall perks of the company apart for the salary structure are good.

    Cons

    since it has grown leaps and bounds in the last 3-4 years and the company going into full Cost cutting mode, the chances of getting promotions are tough.

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