BNY Mellon Reviews

Updated 19 October 2014
Updated 19 October 2014
1,271 Reviews
2.8
1,271 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
377 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.  

    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
  2.  

    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
  3.  

    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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  5. 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
  6.  

    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
  7.  

    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
  8.  

    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.

  9.  

    Good short term, bad long term

    • 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

    Relaxed atmosphere
    Company is fairly secure with little shake ups in comparison to most Banks/Investment Banks
    Number of social events planned throughout the year

    Cons

    Low salary and next to no bonus & pay rise year-on-year
    Inept HR preventing sideways movement within the company
    Increasing love of creating layers of hierarchy reducing job prospects
    No incentives provided to improve performance given the recession spiel provided in the 3rd/4th Quarter

    Advice to ManagementAdvice

    Develop a real world career development program for all levels of employees... not only "management" level benefit from knowing the various business areas.
    360 reviews would highlight a number of deadwood management, of which there are many.

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

    amazed

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

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

    Pros

    opportunity for career progression and access to new information

    Cons

    admin/general management not university educated, made of agency staff.

    Advice to ManagementAdvice

    implement review of non-contractual employees potential and growth within business

  11.  

    BNYM Europe - Asset management - Treated fairly

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

    I worked at BNY Mellon full-time (more than 10 years)

    Pros

    BNYM treated me well and offered me good opportunities to move between roles. The work life balance was good, basic pay is fair

    Cons

    Bonuses are generally lower than average and the organisation suffers from the usual bureaucracy issues of a large institution and can be slow to move

    Recommends
    Neutral Outlook
    No opinion of CEO

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