BNY Mellon

www.bnymellon.com
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Employee Reviews

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  1.  

    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
  2.  

    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.

  3.  

    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
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  5.  

    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 a 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

  6.  

    Not the best

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

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

    Pros

    Good team. Decent social events held every once in a while.

    Cons

    Poor ground level management
    Overworked staff due to poor planning, company says yes to added work before checking there is the capacity to pick it up.
    Pay is shocking considering the high profile of the company

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7.  

    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
  8.  

    BNY is a great company to work for

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

    I have been working at BNY Mellon as a contractor (less than a year)

    Pros

    Great Management, easy and friendly to work with

    Cons

    Fewer growth and career opportunities due to recent restructuring

    Advice to ManagementAdvice

    Do more to enhance personal growth of employees and retain hard-working people, whether contractors.

    Recommends
    Approves of CEO
  9.  

    Corporate actions senior specialist

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Friendly down to earth group of employees.

    Cons

    Salary is low and there's no negotiating on whether it should be revalued for individuals, regardless of skill set. Systems are poor.

  10.  

    Low Pay, No Bonuses

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Officer in Edinburgh, Scotland
    Current Employee - Client Service Officer in Edinburgh, Scotland

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

    Pros

    It has a relaxed environment and there are some benefits such as free medical insurance. BNY Mellon also has an approachable Human Resources team.

    Cons

    Told every year that there are no budget for bonuses. Taking advantage of the recession even though the company was the least effected bank by the economic downturn.
    Pay is lower than average
    No reward incentives

    Advice to ManagementAdvice

    Focus more on staff retention instead of constant recruitment

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

    Culturally & Strategically Fractured

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    As an employee, it is safe and secure enabling one to carve out a comfortable and moderately paced career. Its a fairly reliable and consistent employer. The staff, for the most part, are pleasant enough.

    Cons

    Cripplingly risk-averse
    Low salary and bonus
    Immature IT strategy
    Like stopping and turning an oil tanker
    Confused finance division
    Inept HR division
    Multiple acquisitions and mergers over years were not ever finished properly

    Advice to ManagementAdvice

    Finish integrating the company, its been 7 years!

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