Pros
- job stability (80% confidence, entire departments were let go in 2022 without warning but significant severance packages were offered) - strong benefits (medical includes low cost of visits, telehealth visits are free and can provide scripts, tech education resources through LinkedIn Learning, Coursera, and other 3rd party affiliations are free, competitive 401k program) - aligned with tech industry opposed to banking industry - tech based solutions
Cons
- management. There are limited self-contributor positions so folks are generally promoted to management even though they may not be fit/competent for the responsibilities of mgmt roles. There is no way to give measurable feedback to your direct manager that will be reviewed, but you will receive feedback from them. It's not a 2-way street. - you're going to get a pizza party, not a raise - the bank is slowing growth which means the focus will be on recapturing capital from large investments. If not possible, read this as "CUTTING COSTS". Bonuses, raises, tools, and supplies are already being cut down. Your leverage is weak as an employee to get more money. - performance is evaluated on a bell curve scale. Senior leadership pushes for minimum % thresholds to be met in the low performance categories, as well as high performance categories yet they are not held to the same performance evaluation system.