BNY Mellon

  www.bnymellon.com
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BNY Mellon Reviews

Updated Jul 28, 2014
All Employees Current Employees Only

2.8 1,165 reviews

60% Approve of the CEO

BNY Mellon Chairman, President and CEO Gerald Hassell

Gerald Hassell

(335 ratings)

44% of employees recommend this company to a friend

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle (in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 49 reviews)

More Highlights
1,165 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    Mediocre

    Fund Administrator (Former Employee) Manchester, England

    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 Senior ManagementBeing 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Senior specialist

    Anonymous Employee (Former Employee) London, England

    ProsPaid above industry ave salary

    ConsNot much training opportunities, no travel

    Advice to Senior ManagementGreat company to work for

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Great company in principle but issues with employee mobility

    Anonymous Employee (Current Employee)

    ProsSome highly talented people
    Job stability
    Reasonable learning and development resources

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

    Yes, I would recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Interesting and challenging role as Fund Administrator

    Fund Administrator (Former Employee) Manchester, England

    ProsThe 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.

    ConsThe 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 Senior ManagementThe company could find better employees from overseas by offering work permit.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

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

    Anonymous Employee (Current Employee) Manchester, England

    ProsThe 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

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

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Very Good

    Anonymous Employee (Current Employee)

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

    ConsNot always the best pay packages, depending on location

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Going downhill rapidly

    Senior Fund Accountant (Former Employee) London, England

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

    ConsEverything 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 Senior ManagementEnjoy making everyone redundant while you can but remember it will be your turn soon.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Staff engagement is a lie

    Client Service Manager (Former Employee) Manchester, England

    Prosmodern office, global international exposure.

    Conslong hours, high turnover of staff, old systems.

    Advice to Senior Managementto look after staff more

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    could have been better

    Senior Financial Analyst (Current Employee) Manchester, England

    Pros-relax environment
    -training opportunities
    -location (for manchester)
    -good name on a cv

    People are nice enough and helpful but there are imbalances between finance teams - some people get a promotion every year while others just stay still. Will go under a reengineering therefore new opportunities may arise.

    Cons-low pay
    -not clear advancement in career

    Advice to Senior ManagementTry to focus on technology

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Plenty of training opportunities, but don't expect to go anywhere

    Anonymous Employee (Current Employee) Manchester, England

    ProsThe training available to employees is excellent. There is a mixture of self learning, online courses, phone presentations and in-person courses. As a starter coming into the industry without any experience, you can become as knowledgable as you like.

    ConsThe process across regions is incredbly fragmented, with two people on the same job title in the US doing a completely different job to one in EMEA, despite both working together. Though there are attempts to realign this, the situation as it stands is that there are tiny pockets of information which do not filter down.
    The general policy is "do first - ask questions later" where new policy initiatives that affect clients are not thoroughly worked through prior to implementation causing incredible and inexplicable delays.
    Departments are so risk averse that they are often not willing to do things which would ordinarily be part of their remit.
    Processes and Procedures are used to minimise risk, to the extent tha every minute error, even human error is over analysed and then proceduarlised.
    De

    Advice to Senior ManagementStreamline the process across sites.
    Realise that human error can only be reduced, never removed.
    Ensure that any process changes, even at "ground level" are fully prepared prior to implementation.

    No, I would not recommend this company to a friend

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