Pros
Easy to move up b/c no one likes it there and/or company's pay is so poor no one smart would ever take a position here. I became head of my unit after four short years.
Cons
- Pay is laughable. They haven't raised entry level salary in over 10 years ($32K). Adjusted for inflation they are now paying their entry level employees $10k less than in 2004. - Corporate culture is a joke. My favorite is a lot of idiots use Sharepoint (or as we call it "Collaborate") to post/send items that would be ten-worlds easier sent by email. One time my manager said in an hour long meeting, "don't be afraid to use hash tags on collaborate" - They have reward based bonuses called "Rising Star" and "Above and Beyond". Whoever named those needs to be shot. They are also only $1k pre-tax max. Thanks State Street. - The lady running USIS might be good with higher ups, but is severely out of touch with business groups. She actually took time out of my day to schedule a "round-table" meeting where she said she wants us to recruit students from the B-schools: Babson, Bentley, Boston College. I am the only one I know at the bank who went to one of those schools, so I guess I am a sucker. Honestly, get a clue... - Back to the pay...no one is motivated so I am surrounded by complacent zombies who aren't paid enough to care what they are doing or make the bank better.