Dtcc

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Dtcc Reviews in Tampa, FL

Updated May 31, 2014
Updated May 31, 2014
95 Reviews

3.0
95 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Dtcc President & CEO Michael C. Bodson
Michael C. Bodson
29 Ratings

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)

More Highlights

17 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Very laid back company that accomplishes a lot in a toxic free environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Developer  in  Tampa, FL
    Current Employee - Senior Developer in Tampa, FL

    Pros

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

    Cons

    Not enough diversity on executive level, limited opportunities for advancement,

    Advice to ManagementAdvice

    Diversity management across all areas.

    Recommends
    Negative Outlook
    Approves of CEO
  2.  

    Project Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  Tampa, FL
    Current Employee - Project Manager in Tampa, FL

    Pros

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

    Cons

    Culture 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 ManagementAdvice

    Get a clue. Value your employees and treat them with dignity and respect.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 3 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Technology Consultant  in  Tampa, FL
    Former Employee - Senior Technology Consultant in Tampa, FL

    Pros

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

    Cons

    Monolithic 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 ManagementAdvice

    Get 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"!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Enriching and excellent place for growth and career development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Asset Management Supervisor  in  Tampa, FL
    Former Employee - Asset Management Supervisor in Tampa, FL

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Keep doing the excellent job in the cross training of the staff and personal interest in the career development of your personnel.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Not a great place if you have experience at other companies

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT PMO  in  Tampa, FL
    Former Employee - IT PMO in Tampa, FL

    Pros

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

    Cons

    Poor 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 ManagementAdvice

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

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

    A great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Specialist  in  Tampa, FL
    Former Employee - Operations Specialist in Tampa, FL

    Pros

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

    Cons

    The 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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good pay and benefits but no career mobility and lousy technology

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

    Pros

    Good pay and benefits, stable company

    Cons

    Career 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 ManagementAdvice

    Management 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.

    No opinion of CEO
  9.  

    Good pay, but high stress.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Developer  in  Tampa, FL
    Current Employee - Senior Developer in Tampa, FL

    Pros

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

    Cons

    Very 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 ManagementAdvice

    Provide 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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Not THE best place to work anymore

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Tampa, FL
    Current Employee - Anonymous Employee in 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 ManagementAdvice

    ~ 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.

    Doesn't Recommend
    Approves of CEO

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