BNY Mellon Review - Senior Trust Administrator BNY Employee Review

3.0
Sep 4, 2014
Recommend
CEO approval
Business Outlook

Pros

Good benefits (medical/dental/vision); 401(k), ESOP; Hours are good; Some employees have a team-like attitude & good attitude to do their job

Cons

Workload can be heavy, stressful at times and may be expected to handle a load that is more than one person can do. Some new employees hired to do the job have no interest in learning the job & want to be told exactly what to do instead of taking the initiative to learn it. Experienced employees were laid off & replaced by new ones with no experience during a time when it may have been wiser if the experienced ones stayed. Operating module was changed but it didn't seem to be working very well. Such as: New issues were taking too long to set up; Relationship Manager may not be doing their job which delayed new setup; CSD dept. didn't get all the info they needed when new issue closed or new setup not done in timely matter so debt service or principal payment was missed; department that did invoicing did not send out debt service invoices or did them wrong; CSMs were expected to do double the work with no admin assistance. Certain tasks from all offices were given to another group to do & those employees had no knowledge of the accounts or anything so things were missed. When employees had to decide what role/dept. they wanted to be in under the new operating module upper management stated that it did not matter what role or city you were in. However, it did matter as in 2012 employees were told they would be laid off as location strategy was to close satellite offices & move certain positions to core cities. So management does not always communicate fully or truthfully about things that would affect employees' job.

Explore other reviews about BNY

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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