Dtcc

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Dtcc Reviews in Tampa, FL

Updated May 31, 2014
Dtcc – “55 Water St”

All Employees Current Employees Only

2.5 14 reviews

100% Approve of the CEO

Dtcc President & CEO Michael C. Bodson

Michael C. Bodson

(3 ratings)

25% of employees recommend this company to a friend

Review Highlights

Pros
  • work-life balance, good benefits, lots of resources for career development(in 8 reviews)

  • They have a new work from home program, so they are trying to be progressive(in 5 reviews)


Cons
  • Senior management not very self-aware or sophisticated(in 7 reviews)

  • Management has no regard for work-life balance and everything must be done immediately(in 4 reviews)

14 Employee Reviews Back to all reviews
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    Very laid back company that accomplishes a lot in a toxic free environment.

    Senior Developer (Current Employee) Tampa, FL

    ProsCompetitive Salary, Flexible Work Arrangements, Great work hours 37.5, Annual Bonus, Health Benefits, Avg years of service is impressive.

    ConsNot enough diversity on executive level, limited opportunities for advancement,

    Advice to Senior ManagementDiversity management across all areas.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Project Manager

    Project Manager (Current Employee) Tampa, FL

    ProsSalaries (including bonuses) and benefits are decent but are on the decline.

    ConsCulture is getting worse. Used to be a great place to work but it's getting more like a sweat shop mentality. Senior Management is a joke. Bias exist. Promotions are very difficult to come by. Very political. Career opportunities are minimal.

    Advice to Senior ManagementGet a clue. Value your employees and treat them with dignity and respect.

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

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    • No Opinion of CEO

    3 people found this helpful  

    End of the line job. You know your career is over if you ever work there.

    Senior Technology Consultant (Former Employee) Tampa, FL

    ProsThe pay is at the top of the scale and raises are generous. Working from home encouraged.

    ConsMonolithic policies administered by Mainframe mindset managers. Resistant to change or improve any processes. They do expect you to work 12 to 16 hours each day.

    Advice to Senior ManagementGet some young blood with fresh ideas and new tool/process vision into the managment chairs. Managers in and from New York have attitude! Get your new managers from Silicon valley as they have the "right stuff"!

    No, I would not recommend this company to a friend

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    • Culture & Values
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    Enriching and excellent place for growth and career development

    Asset Management Supervisor (Former Employee) Tampa, FL

    ProsIf you are interested in a career in learning and understanding in depth working of the global financial markets DTCC is the place to work.

    ConsIf you don't like working hard and learning all facets of the stock market this is not the place for you.

    Advice to Senior ManagementKeep doing the excellent job in the cross training of the staff and personal interest in the career development of your personnel.

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

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    Not a great place if you have experience at other companies

    IT PMO (Former Employee) Tampa, FL

    ProsGood pay. Not much else to say. I thought that they were into hiring professional project managers, but I was mistaken.

    ConsPoor management
    Lack of progress into other areas
    Not open to new ideas. Much of the work adds little to no value to the customer. Used to use Six Sigma actively, but disbanded the department

    Advice to Senior ManagementTeach middle management how to manage. Most middle managers are technical folks who do not have the necessary people management skills to run a department.

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

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    A great place to work

    Operations Specialist (Former Employee) Tampa, FL

    ProsThe benefits are great. Promotions are available, so you can move up in the company.

    ConsThe downside of working for DTCC is that the training is lousy. Management do not show interest in your development of most of it's employees.

    Advice to Senior ManagementManagement should pay closer attention to the concerns of the employees. Respect the employees with longer tener, who has the experience that cannot be replaced.

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

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    Good pay and benefits but no career mobility and lousy technology

    Anonymous Employee (Current Employee) Tampa, FL

    ProsGood pay and benefits, stable company

    ConsCareer mobility feels non-existent for Tampa employees
    Horrible technology -most systems from 70s and 80s, new systems do not work well
    Large number of old timers w 30+ years at DTCC refuse to except change and are inefficient
    Departments work in silos
    Management does not know how to manage resources- some have too much work while other surf the web and chat on instant message all day

    Advice to Senior ManagementManagement needs to change the culture and DTCC. Old timers have too much influence in numbers and refuse to change their ways. Too many employees are stale. Systems are stale and processes are stale. Staff needs to be rotated. Managers need to be rotated. Management needs to breakdown the silos. Employees need more career opportunities. Employee turnover among the younger generation is very high in Tampa while old timers coast to retirement.

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    Good pay, but high stress.

    Senior Developer (Current Employee) Tampa, FL

    ProsBenefits are very good, and compensation is above-average.

    ConsVery bureaucratic. Non-profit company, so emphasis is always on cost-cutting. Everyone is overworked. Lots of politics. Big push to use offshore development.

    Advice to Senior ManagementProvide more leadership training to Team Leads so that they can learn and actually practice better team-building skills. There is too much of a divide between NY and Tampa offices.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Not THE best place to work anymore

    Anonymous Employee (Current Employee) Tampa, FL

    Pros~ Behemoth in financial industry.
    ~ Average tenure of an employee is around 18 years.
    ~ Low hiring rate - this means you get to keep your job.

    Cons~ Too big and changes take either too long or go under the carpet.
    ~ With longer tenure of employees, newbie are no longer welcome or treated with respect.
    ~ No more Pension plan for new employees.
    ~ Newer employees(if hired) are paid at a lot lower level.
    ~ Employees in FL/TX paid less compared to employees in other locations.
    ~ Mediocre performance review and hence results in lower salary/bonus.

    Advice to Senior Management~ Infuse new blood into the management
    ~ Get rid of anyone who has been there for more than 20+ years or have them upgrade their skills significantly.
    ~ Ramp up pay for performance throughout the company.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    DTCC work environment ( the dept where I work) continuous harrassment and discrimination.

    Anonymous Employee (Former Employee) Tampa, FL

    ProsEqully good benefits and salary and the job by itself is challenging. People in other depts are warm. 401 K Employer contribution is good.

    ConsManagment sets unrealistic targets and makes intelligent employees to fail on purpose. Employees are not treated in a just manner. Its an highly abusive place to work. DTCC HR is highly irrational and unreasonable as well.

    Advice to Senior ManagementEmployees need to be treated with respect. DTCC Mgt needs to halt its harrasment and discrimination towards its employees. DTCC Mgt needs to mimic the Fortune 500 company style of management.

    No, I would not recommend this company to a friend

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