DTCC Reviews | Glassdoor

DTCC Reviews

Updated February 13, 2019
441 reviews

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3.6
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DTCC President & CEO Michael C. Bodson
Michael C. Bodson
216 Ratings

Employee Reviews

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Pros
Cons
  • "Altho the company encourages work/life balance, the amount of work doesn’t always make it feasible" (in 18 reviews)

  • "The senior management is primarily comprised of older white men" (in 20 reviews)

More Pros and Cons

  1. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 3 years)

    Pros

    Work life balance, good benefits, good pay

    Cons

    Not the most advanced technology

    DTCC Response

    Oct 24, 2018 – Global Team Lead Talent

    Thank you for taking the time to share your views.


  2. "Great place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director
    Current Employee - Associate Director
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time

    Pros

    Bonus is above average. No real glass ceiling - upper management is very accessible for coaching/mentorship.

    Cons

    Salaries are below average. Mobility can be difficult depending on area.

  3. "Opportunities for growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst
    Current Employee - Analyst
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 3 years)

    Pros

    If you hard and know the right people, there are opportunities for growth.

    Cons

    A lot of work


  4. "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook

    I have been working at DTCC full-time (More than 3 years)

    Pros

    Diverse high energy working environment

    Cons

    lots of employee turn over


  5. Helpful (1)

    "Solid Organization to work for; Be wary of Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Tampa, FL
    Current Employee - Manager in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 10 years)

    Pros

    Professional environment with lots of development opportunities and room for growth. Decent benefits and stability. Interesting and unique role in the Financial Industry.

    Cons

    The work can be intense and highly stressful. There are quite a few people who don't do their jobs well and the better performers must pick up the slack. The better you perform, the more accountable you are held, while low performers are given a pass. This can lower the morale for strongly performing individuals.

    Advice to Management

    The management team in Operations is highly rigid and old school. The organization claims that Diversity and Inclusion, aka, D&I, are major priorities. However, in actuality and particularly in Ops, there are very little growth or promotional opportunities for women or people of color. The management team is highly insular and homogeneous and will not promote or support individuals who do not fit a particular profile. That profile consists of being a "yes" person who is pliable and will not challenge upper management in *any* way. This person must look and sound good without necessarily having the skill-set, work quality and work ethic to match. This area of the company regularly overlooks high potential, very talented people in order to promote or celebrate people who do not perform well, but *look* like they do. It is unfortunate and the division is in danger of losing major talent. Other areas of the company such as Product, IT, Compliance, and Audit offer much more mobility and the leadership in these divisions tends to be more forward-thinking.


  6. Helpful (1)

    "Great Company Overall!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance in Tampa, FL
    Current Employee - Finance in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 5 years)

    Pros

    Nature of business, this co. isn't going anywhere. Vacation (25 days for new employees), bonuses, diversity, efforts towards creating a fun atmosphere. Job Security.

    Cons

    Politics play heavy roll in decision making. Sucking up and brown nosing can get you further than excellence (as long as you are average), long hours, not a very sound structure. A bit of an old school mentality and some are resistant to change. Not too much room for career growth.

    Advice to Management

    Practice what you preach. You say employee input is important but you don't hear us and don't do anything to show your concern when it comes down to it. Take more time to listen and I assure you that almost everyone has input and ideas that will make a positive impact on operations. Pay more attention to how employees perform and reward them based on performance and commitment rather than mediocrity and likability.


  7. Helpful (1)

    "Associate Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Director in Boston, MA
    Former Employee - Associate Director in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at DTCC full-time (More than 8 years)

    Pros

    Relaxed work environment. Smart employees.

    Cons

    Lots of reorganization. Not much promotion.

    Advice to Management

    Encourage job rotation. Value corporate knowledge held by long-term employees.

  8. Helpful (2)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Jersey City, NJ
    Current Employee - Director in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time (More than 10 years)

    Pros

    The company encourages work/life balance. You feel inspired working for a company so critical to the financial markets.

    Cons

    Altho the company encourages work/life balance, the amount of work doesn’t always make it feasible

    DTCC Response

    Dec 17, 2018 – Global Team Lead Talent

    Thank you for taking your time to add your comments


  9. Helpful (1)

    "Sr. Systems Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Systems Software Engineer in Brooklyn, NY
    Former Employee - Senior Systems Software Engineer in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at DTCC full-time (More than 10 years)

    Pros

    Ability to work from home & decent compensation.

    Cons

    Going global & ever more bureaucratic. Compensation is not what it used to be.

    Advice to Management

    Obtain some upper level management that are advocates for mainframes & their technologies.


  10. Helpful (2)

    "Associate Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at DTCC full-time

    Pros

    Work from home, work-life balance, challenging work

    Cons

    Difficult to move up, difficult to move to another department

    DTCC Response

    Dec 11, 2018 – Global Team Lead Talent

    Thank you for taking your time to add your comments