BNY Mellon Reviews

Updated 29 September 2014
Updated 29 September 2014
1,247 Reviews
2.8
1,247 Reviews
Rating Trends

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

Review Highlights

Pros
  • Encourage employees to maintain a healthy lifestyle and offesr good work life balance (in 126 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 65 reviews)


Cons
  • No room for growth, salaries at lower end in the industry and merit increases are close to zero (in 28 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 50 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Changing of the guard

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

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

    Pros

    Driven and knowledgeable senior management
    Salary
    Benefits

    Cons

    Can be too political
    Sometimes too driven on bottom line at the expense of a quality service to its clients

    Advice to ManagementAdvice

    I had my doubts when BNYM bought the EMEA Corp Trust business from JPMorgan Chase Bank back in Oct 2006. My advice would be to keep believing in the folks in Poole and drawing on their longstanding knowledge/expertise in the Corp Trust business. Remember to praise the staff when they have performed well. Don't take it for granted.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Project Manager

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

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

    Pros

    The people. Great place where people who do want to get things done, collaborate and push things through.

    Cons

    Dead wood - Many mergers have resulted in some in-effective management members and in some PM teams, it’s possible to hide and do nothing.

    Advice to ManagementAdvice

    Keep hold of your good staff and let the others go....

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Ok place to start out but it quickly grew tired.

    • 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 for more than 3 years

    Pros

    There is an international mix of co-workers who are also social outside of work.
    It's a good place to learn the ropes, and they sponsor professional qualifications such as the CFA and IMC.

    Cons

    Career progress is slow and there is no obvious talent management strategy aside from fairly vacant presentations etc.

    I found that promises made by senior management of my division were not stuck to, and similarly more immediate managers are not empowered to take decisions - the asset management division is a very top-down micro managed organisation.

    I wouldn't have stayed for as long without the GFC making moves risky and tricky.

    Advice to ManagementAdvice

    I think that employee turnover at certain divisions speaks for itself.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 4 people found this helpful  

    Mediocre

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

    I worked at BNY Mellon full-time for more than a year

    Pros

    - It looks good on your CV
    - people are impressed by it i.e. those who do not work there
    - you can spin your experience and make the most menial tasks look like you had real responsibility
    - you can learn corporate know how and get inside information about the company

    Cons

    - The pay is low, very, very poor
    - The senior management are very young and inexperienced
    - There is a culture of anti-intellectualism where having a degree makes you the subject of negative envy and the culture of "do you think you are better than us?"
    - anti-social, cliquey culture
    - homogeneous with mainly local staff members who have a lack of experience of the outside world
    - senior management are distant, unapproachable and there is a blame culture
    - difficult to form personal relationships at work or enjoy work
    - a lad culture and "not in my job description" culture
    - dealing with IT queries is tedious e.g. there is a problem with a computer almost every day
    - working at BNY Mellon is not as attractive as working at Goldman Sachs, Bank of America or Ernst & Young
    - Constantly watched and under surveillance with supervisors logging your mistakes to use against you when possible
    - Long term career prospects are dire
    - Men are immature
    - Senior managers and HR block internal career progression

    Advice to ManagementAdvice

    Being angry and arrogant creates disgruntled employees. You are not as good as you think you are. Improve your qualifications and personal skills. Stop using buzzwords like "innovation", "professional" and "diverse" - when innovation, professionalism and diversity is present - it really speaks for itself.
    Employ older staff members with more experience than you. You are big fish in a small pond.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Senior specialist

    • 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 for more than 3 years

    Pros

    Paid above industry ave salary

    Cons

    Not much training opportunities, no travel

    Advice to ManagementAdvice

    Great company to work for

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great company in principle but issues with employee mobility

    • 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

    Some highly talented people
    Job stability
    Reasonable learning and development resources

    Cons

    Average pay - very limited scope for performance related rewards
    Promotes mediocracy
    Organisational silos impossible to navigate
    Politics

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Interesting and challenging role as Fund Administrator

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

    I worked at BNY Mellon full-time for more than a year

    Pros

    The career development is really good established, as there are many training programmes that you can attend to get new skills. The work-life balance is supported well, and there are some exciting opportunities for volunteering.

    Cons

    The remuneration was much less compared to the industry average. It depends on location, but some of the people didn't have enough educational background though were doing job well.

    Advice to ManagementAdvice

    The company could find better employees from overseas by offering work permit.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    A lot of opportunities to learn and develop but remuneration is not motivating

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

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

    Pros

    The company encourages you to move between departments so there is a lot of opportunities to develop your skills/knowledge. Very good induction process, especially for those without previous experience-gives a good background of the finance industry. Pension scheme on really good terms

    Cons

    The salary and bonuses are quite low especially for entry level positions. It is a good starting point for people without experience, but when thinking of a long term career, the salary encourages you to move somewhere else.

    Advice to ManagementAdvice

    Review the wages. The comapny is loosing employees and all the time invested in training them due to low salaries

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Very Good

    • 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

    Supportive Management Structure, that allow you to grow as far as you want

    Cons

    Not always the best pay packages, depending on location

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Going downhill rapidly

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

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

    Pros

    There are none anymore as it's all going to India

    Cons

    Everything is being moved to India from all western countries. There is a race to the bottom to give the worst service possible at the lowest cost to BNY while charging clients more. It is not advisable to join BNYM now, the job will not last, there have been cases where people have just joined and are told they'll be made redundant soon.

    Advice to ManagementAdvice

    Enjoy making everyone redundant while you can but remember it will be your turn soon.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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