BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated 18 December 2014
Updated 18 December 2014
1,358 Reviews
2.8
1,358 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
417 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.  

    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 an 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
  2. 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 an year)

    Pros

    to gain experience. Flexible working hours

    Cons

    Salary is poor and chances or progression are limited

    Advice to ManagementAdvice

    value your employees

  3.  

    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
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  5.  

    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
  6.  

    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
  7.  

    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
  8.  

    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
  9.  

    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
  10.  

    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
  11.  

    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

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