DTCC Reviews | Glassdoor

DTCC Reviews

Updated April 11, 2019
456 reviews

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3.6
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DTCC President & CEO Michael C. Bodson
Michael C. Bodson
225 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)

  • "There is minimal growth potential and senior management have their favorite employees" (in 21 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (3)

    "Excellent Company - Amazing Pipeline Program"

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

    I have been working at DTCC full-time (Less than a year)

    Pros

    The Pipeline program is an amazing way to start your career in the financial services industry. You get to rotate throughout all of the core operations areas and gain a great working knowledge of the company operations and it’s role in the financial services industry. Senior level management also really invests their time and energy into the development of their pipeline candidates. Excellent program, excellent company, and excellent benefits!

    Cons

    Each department is very intricate and challenging. In a perfect world, I would prefer to spend more time in each core operation area.

    DTCC Response

    Dec 11, 2018 – Global Team Lead Talent

    Thank you for taking your time to add your comments, great to hear of your very positive experience.


  2. "JOBBBB"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at DTCC full-time (More than a year)

    Pros

    Good benefits, respectful managers

    Cons

    I don't really have any cons

  3. "Good"

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

    I worked at DTCC full-time (More than 3 years)

    Pros

    Room for growth, good environment, friendly boss

    Cons

    Very demanding, sometimes conflicts, not enough training


  4. Helpful (3)

    "Anonymous"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    They have decent benefits although the health benefit premiums are too high. They offer free coffee from the cafe on the ground floor.

    Cons

    The company is losing a lot of talented people. They need to look into who are their HR representatives making decisions. They will act as if they care but in reality it is one-sided (they protect management only). If you go to HR with a problem a problem, they will NOT help you. Save yourself the trouble as they will only get rid of you. There is minimal growth potential and senior management have their favorite employees. Those are the ones you will see getting the promotions. At the end of the day, is who you work for.

    Advice to Management

    The company overall is not bad, but they need to revisit the HR managers, maybe they need to hire 'new talent' if they want the company to succeed and keep the hard working and talented employees. Also, if you say you offer "WFH", this should apply to "everyone", not a "certain" group of people. Believe when an employee goes to you with a problem with their manager, this should not be over looked.


  5. "Quality company with their own flaws."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Entry Level Programmer (ELPT) in Tampa, FL
    Former Employee - Entry Level Programmer (ELPT) in Tampa, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at DTCC full-time (More than 5 years)

    Pros

    Quality training programs (pipelines) if able to get accepted into.

    Cons

    Repeatedly informed how DTCC takes care of their own and promotes from within. Time and time again people wno were being trained to take over were passed over for someone from outside. Slowed down work as the new "lead" was on-boarded to all the systems.

    Advice to Management

    Follow through when suggestions are made.


  6. "Nice place to work - good people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director
    Current Employee - Director
    Recommends
    No opinion of CEO

    I have been working at DTCC full-time

    Pros

    Best people in the world working there

    Cons

    Top heavy at MD level


  7. "Good Experience!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern - Hourly in Dallas, TX
    Former Employee - Intern - Hourly in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at DTCC full-time (Less than a year)

    Pros

    Entry level. The team helps you out if needed

    Cons

    Offered very little work in the beginning

  8. "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.


  9. Helpful (4)

    "Work from home being actively discouraged"

    StarStarStarStarStar
    • Work/Life Balance
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at DTCC full-time

    Pros

    Work from home infrastructure is excellent, but management actively discourages it.

    Cons

    Work from home is being actively discouraged in Risk

    Advice to Management

    The CRO must let his direct reports and their reports in all locations know that working from home is encouraged and will not be used to retaliate against employee when it does not affect their job functions.


  10. Helpful (5)

    "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.