Pros
Benefits are good, vacation is generous
Cons
In Asset Servicing, compensation is very low, salary increases are offensive and jobs are being offshored to India. There are too many layers of management that do essentially nothing but are very well-paid. Senior management is completely out of touch with the needs of the people actually doing the daily work. Opportunities to advance are few and far between, talent is not rewarded - people are expected to be high performers yet are not rewarded in any way for their efforts. Poor performers linger for YEARS when they should be terminated. The communication between various internal groups is very poor. These conditions have led to much resentment and frustration among employees, leading people to seek external employment opportunities.