BNY Mellon

www.bnymellon.com
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BNY Mellon Reviews

Updated 27 February 2015
Updated 27 February 2015
1,478 Reviews
2.9
1,478 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
458 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.  

    OK company

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

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

    Pros

    Friendly People and a good variety of projects

    Cons

    Very low pay as cost cutting drive, lots of office politics

    Advice to ManagementAdvice

    Listen to the people on the ground

    Doesn't Recommend
    Neutral Outlook
  2.  

    Review

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

    I have been working at BNY Mellon

    Pros

    Good exposure to big clients

    Cons

    Resourcing issues need to be sorted

    Advice to ManagementAdvice

    Resourcing

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

    VP BNY Mellon

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Project Manager in Poole, England
    Current Employee - Vice President - Project Manager in Poole, England

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

    Pros

    good work life balance, nice people

    Cons

    unstructured, poor development opportunities, seem disorganized in general

    Recommends
    Neutral Outlook
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  5.  

    Good career movement

    • 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 full-time (more than 3 years)

    Pros

    good career movement up to HRD level. Good level of autonomy.

    Cons

    Difficult to move to HRD level, due to the internal structures

    Advice to ManagementAdvice

    Focus on not letting senior HR people leave

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    helpful staff

    • 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

    Pros

    great career opportunities; relaxed culture

    Cons

    pretentious culture but this is the same wherever in london

    Advice to ManagementAdvice

    may want to consider more training opportunities.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    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
  8. 1 person found this helpful  

    once your in, poor salary reviews / rises / bonus £0

    • 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 (more than 10 years)

    Pros

    benefits such a health care, pension

    Cons

    1% pay rises / 'exceed' your yearly apprasial you may instead get a whooping 1.25% , even though share prices and profits continue to rise. Lame excuses given, some management embarressed to read corp letters. BNYM relies on long term staff that are institutionalized that stay and hang it out for maybe a redundancy package or to try and cheese you off enough that you leave before that, to save them money.

    Advice to ManagementAdvice

    In the end you lose all the key workers who care in the UK .Complanies will not want to do business with you

    Doesn't Recommend
    Negative Outlook
  9. 3 people 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
  10.  

    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
  11. 1 person found this helpful  

    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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