Pros
Good hours, flexible work life balance depending on management.
Cons
- Zero opportunities for advancement. If you are at the sunset of your career and you want to retire there with no possibility of being let go despite demonstrating outstanding incompetency this is the place for you. - Management cares more about politics and holding on to their decaying seats they have had for decades, than caring about their staff or doing the right thing for the company. - The prerequisite to become a manager is to have zero people skills. Most managers do not have solid knowledge of the products or their risks and only care about pushing papers, looking busy and saying yes to the man. - A lot of talk about diversity but no action at all. The senior management is primarily comprised of older white men. - Whenever there is a good proposal for improving processes it moves at a frustratingly slow pace that most of the really good workers give up and either leave or go through the motions until they can leave. - Too many layers of management. It seems that they try to invent management titles out of the blue to keep people from leaving. However, what ends up happening is that the staff is usually devalued and can't make any decision if it doesn't go through some arbitrary, incompetent management review/approval process. - Very opaque performance review process. No one knows what it takes to get to the other level. No one knows what their ratings mean and what are the detailed descriptions of each rating. It's not unusual to get good feedback during the year and then at the end the final rating is not so great so they can justify giving out a lower bonus to satisfy department politics. - Ancient technology. If they do not seriously evolve with the rest of the financial world in terms of tech development they're destined to become obsolete.
