Dtcc Reviews in Tampa, FL | Glassdoor

Dtcc Tampa Reviews

Updated April 18, 2017
35 reviews

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Tampa, FL

2.4
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Dtcc President & CEO Michael C. Bodson
Michael C. Bodson
14 Ratings

35 Employee Reviews

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Pros
  • The company provides a good work life balance thanks to reasonable hours and WFH opportunities (in 37 reviews)

  • o ability to work from home when necessary (in 15 reviews)

Cons
  • People are overloaded with work- make sure you ask about work/life balance (in 11 reviews)

  • Bullying attitude of senior management (in 16 reviews)

More Pros and Cons

  1. "Project Coordinator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Project Coordinator in Tampa, FL
    Current Contractor - Project Coordinator in Tampa, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Dtcc as a contractor (Less than a year)

    Pros

    DTCC is a great company. It is a good place to build your career. That is all I have to share for now, Glassdoor.

    Cons

    My contracting company is cheap. They will give you a lower rate than the market offers, as well as no benefits.

    Advice to Management

    N/A


  2. "horrible comapny, look at the recent reviews not the past review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Directior in Tampa, FL
    Former Employee - Directior in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    there are no pros. nothing

    Cons

    the reviews on here that have good things to say about this company are old reviews. are from people who do not know what is really going on or is probably from HR making fake reviews.There has been so much change during the last seven years. It went all downhill. Look at the recent reviews. No work life balance as they keep doing reorgo and firings which means more on your plate with no pay increase, the company is struggling since they are in so much debt, which means you struggle with them. not fair not worth it. Morale is low.

    Advice to Management

    promote talent within, take the time to teach (everyone is burned out so there is no time), stop hiring people that you like, look at the people that can actual do the job, way too


  3. "Corporate Mentality"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - QA Analyst in Tampa, FL
    Current Employee - QA Analyst in Tampa, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Dtcc full-time (More than a year)

    Pros

    Not the most stressful job. Few people are unprofessional; many are very nice and easy to work with. Benefits for FT employees are great but you may not be encouraged to take full advantage of them....But hey, if thats your bag of chips, you will love it.

    Cons

    Benefits for FT employees include 23 days vacation starting out but good luck using them with the amount of work assigned and the culture instilled to not use them. Holidays are supposed to be included but not guaranteed depending on your job responsibility. People are overloaded with work- make sure you ask about work/life balance. Things happen at a snail's pace here. Good Ole Boy mentality. This is the way it is mentality. Job comes first you come second.

    Advice to Management

    Work isnt the most important thing in life for many people's. Spending time with loved ones and experiencing life and all it has to offer is important too. Not to mention encouraging physical activity and mental well-being. Time cannot be manufactured.


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  5. Helpful (4)

    "Declining Rapidly..."

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Flexibility in work arrangements
    SOME senior leaders are quality
    Positions are always opening up

    Cons

    TONS of politics to get to your desired position
    Constant bait and switch when it comes to promotions and pay raises
    Buildings outside of NJ are severely outdated

    Advice to Management

    Stop acting like you want to attract and retain talent when you really only want the cheapest workforce in the land. Senior leaders need to be held accountable for years or declining performance, morale and talent acquisition.


  6. Helpful (4)

    "Can't Recommend"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tech Specialist in Tampa, FL
    Former Employee - Tech Specialist in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - Excellent Compensation Package
    - Good Healthcare
    - Very flexible work arrangements
    - Good Teammates

    Cons

    - "One Trick Pony" management. Moving jobs to Chennai seems to be the one trick they know instead of performing the due diligence required to become truly efficient.
    - Frequent RIFs
    - In my area, the pace was extremely challenging. In other areas, the opposite was true
    - This is not a place to go to expand your skillset
    - Workspace is loud, small workspaces and too open

    Advice to Management

    I don't believe current DTCC management takes advice but to the participants .. like JP Morgan Chase, GS, BOA .. etc. I would say bring in a change agent at a high level and get to work putting Humpy Dumpty back together.


  7. Helpful (3)

    "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Tampa, FL
    Former Employee - Analyst in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Pay is the only pro

    Cons

    Management is horrible. Some departments do nothing and have employees just sitting there. For instants: product management. Some departments are overworked / self interested so they don't have time / don't care to teach you everything. They always rather hire externally then promote internally. Look for a company that will help you grow. It's all about who they like verse who possess top skills and knowledge. If your going to work there, just make sure they like you, because your skill doesn't matter. They have mass layoffs because the company is in debt. Don't apply if your in the JC office unless you are okay with a temporary job.

    Advice to Management

    Do a better job at promoting internally. Management has a hard time hiring women, hispanics and blacks. It been the same problem each year for the last five years I have worked there. How hard is it to hire more diversity? DTCC is all talk and no action. The top has all the control and make all the decisions. Stop hiring management's families and friends over a qualified candidate.


  8. Helpful (4)

    "A company under seige from the financial industry"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Tampa, FL
    Former Employee - Senior Software Developer in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Salary is OK (not great). They used to be more competitive, but DTCC is under pressure from the participants to cut costs, and RIFs twice a year seem to have become the norm.

    Cons

    No or very little mobility between teams.
    Management is creating budgets that start in the red, so if the industry does not have an abnormally good year, RIFs will be necessary.
    Benefits are lagging, particularly health insurance.
    No sick days (they are rolled into your PTO), so people tend to go to work even when they are sick.
    Little chance to learn new technologies, if you are not in a group lucky enough to have something new.
    No 360 evaluations (we used to have those 5+ years ago), which means that your manager is never accountable to you.
    No or very little training (other than mandatory ones due to financial regulations) as a way of saving costs.
    Promotions, type of work, and raises depend much more on being part of a click of employees that came from another company than on actual ability.

    Advice to Management

    Bring back 360 evaluations.
    Actually listen to complaints on employee surveys.


  9. Helpful (1)

    "DTCC -- how it changed from being a fabulous employer to an average one with good bonus"

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

    Pros

    Lot of options for training. Generous bonus. Decent work life balance. Flexible work hours.

    Cons

    Entry level programmer trainees(ELPT) are preferred forr promotions over seasoned and highly experienced employees. Glass ceiling for asians still exists at all levels. Unless an asian is superlative ( or superman), even if he is significantly better, he/she is ignored.
    The management was way better 10 years back in terms of treating its employees as "assets". Now they are being treated "fungible" resources. Lately, it has become to resemble more like a typical "penny-pinching" bank, removing pension, reducing vacation, removing annual pay raises, moving the bonus pay date farther and farther away from Christmas, removing guaranteed comp times, etc. etc. etc.

    Advice to Management

    see the cons. You need to have reviews of managers from their direct reports. Also, just giving preference ELTP graduates over other hard working experienced professionals is counter productive. You are shooting yourselves in the foot. The christmas party is an absolute joke. Why even bother? who cares for your burgers and french fries at a Christmas party?


  10. "Project Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Project Manager in Tampa, FL
    Current Contractor - Project Manager in Tampa, FL
    Recommends
    Negative Outlook

    I have been working at Dtcc as a contractor (More than a year)

    Pros

    Good pay. Positive work environment.

    Cons

    Going through a lot of budget cuts so job stability is rocky.


  11. Helpful (6)

    "Dead end - keep looking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Tampa, FL
    Former Employee - Analyst in Tampa, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    5 weeks of PTO at start - some areas can work from home if the manager likes you
    To be honest it's tough to come up with 20 words as a pro

    Cons

    Very clickish. Everything is based on friends. It's mediocrity breeds mediocrity in practice. There are 5 levels, MD, ED, Director, Manager and everyone else. Takes average of 5+ years to move to the next level. The higher up you go the longer it takes. Unless of course you are related somehow to the higher ups. Big focus on recruiting young and move the seasoned workers out to save money. Critically strapped economically. Cannot afford to invest in people but can afford manual processes that raise regulator eyebrows. If you are not related to an MD your time will be better spent elsewhere.

    Advice to Management

    Stop hiring over qualified talent and then micromanaging them. Find out why 9 out of 10 employees are looking elsewhere and fix it. Simple recognition that the lower ranks exist would be a good beginning.



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