Thread regarding DST Systems layoffs

Let's Share Salary Information

I'll start, before I left earlier this year, I was a "Software Engineering Manager" L2 and my salary was $136,000 a year with about a $10k bonus. Sounds great but I hired in at $130k over 6 years prior, so three promotions, 6 years and 6k raise. The job I left for is a normal software engineer, $175k with $30k RSUs.

Don't under estimate yourself.

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Post ID: @OP+1h9wfYCR

23 replies (most recent on top)

Hilarious. "A nursing home for technology". That says it all, DST operated on 20 year old Technology in 2015, looked at the cost of modernization and sold the Edsel to SSC. The Execs got rich, SSC got the clients they needed and the KC folks got nothing. However, many were too dense or scared to leave, now the ship is sinking in a big way. No one outside of KC ever heard of DST and in 5 years no one in KC will have......AMF

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Post ID: @xurv+1h9wfYCR

I truly believe DST existed primarily to serve and enrich the top 20 executives and the board of directors. During my initial training at DST I was taught mutual funds existed to diversify market risk. To prevent large losses. Yes DST invested heavily in Valient stock! And the top 20 executives still got bonuses and pats on the back, it didn't hurt their careers - blame that on the fund manager THEY selected and oversaw. DST is the worst large company that ever existed in Kansas City

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Post ID: @vmaf+1h9wfYCR

Well there is "earned" compensation at DST. Then there is another class of compensation : increased earnings and promotions if you have relations with your Manager. We should limit this conversation to "earned compensation". Selling yourself, however popular, is not a true way to earn an honest living.

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Post ID: @sfxu+1h9wfYCR

Didnt there used to be a CSR designation for the mutual fund reps that actually travelled to the client locations, et with them about statement formats, tax reporting, new enhancements and entertained them with dinners out? Wasn't that a CSR title too?

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Post ID: @oult+1h9wfYCR

WHAT OUT OF TOUCH MORAN WORKING FOR DST/SS&C DOES NOT KNOW WHAT A CSR IS OR DOES FOR THE COMPANY(DUH) CLUELESS BAFOON

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Post ID: @nbwj+1h9wfYCR

CSR is a customer service representitive. They talk on the phone and use the cr---y systems to look up stuff for customers (when the systems are up).

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Post ID: @mhrz+1h9wfYCR

What does a csr do? Deal with mutual fund management to run processing?

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Post ID: @lbdx+1h9wfYCR

I am just a lowely CSR making around $45,000/yr

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Post ID: @jrmf+1h9wfYCR

Group VP - $750,000 per year, retired with over $11,000,000. in exercised stock options and received over $1,000,000 parting "thank you bonus"!

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Post ID: @fjhy+1h9wfYCR

I was a cobol “architect” I made $105k up to 2008, laid off. Best thing that happened to me.

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Post ID: @9skc+1h9wfYCR

You know some of the consultants DST used on a 1 year contract were paid $55.00 per hour for Cobol coding! The ones that did data center or security or DBA's got even more! While the Thailand "contractors" got $8.00 per hour!

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Post ID: @9opa+1h9wfYCR

Prepare to get fu---d all over again!

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Post ID: @7mpl+1h9wfYCR

Supervisor in mutual fund operations. Prefer not to be more specific in title. 49k, been here 12 years.

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Post ID: @6byk+1h9wfYCR

Senior software engineer, health. Started in 2016 at $120k now I’m up to a whopping $127k. That’s ok, I only work about two hours a day.

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Post ID: @6yui+1h9wfYCR

Question: I worked at DST for 3 years in aps development and was considered a high performer and given many additional duties. I left for a better paying job. But while at DST my whole time, I was never told what "numeric level" staff member I was. And never told what the "next level" would be if I advanced, or what the future pay scale was. I just knew my job title and my current pay rate of course. Thats all. Is this normal? Or did my Manager just not relay the information to us in the group?

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Post ID: @5dtr+1h9wfYCR

What does a Client Services Specialist do? Is that the same position as the 1990's "Senior Client Services Representive" who assisted mutual funds clients with nightly, tax reporting, conversions/deconversions?

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Post ID: @5xwl+1h9wfYCR

Actually DST was paying you poorly. Some hired "contractors" easily make that at DST on a hourly basis, and they are just coders. DST pays huge hourly fees for contract programmers

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Post ID: @2qgr+1h9wfYCR

In the mid 1980's DST was paying starting programmers 15K per year. No bonus. Experiences programmers recieved 18k to 25K max!

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Post ID: @2fhl+1h9wfYCR

SS&C pays for software engineers are so sh---y you’re guaranteed to be working with imbeciles. The stock options are garbage. What am I going to do with 50 options?

The truth is after 2 years here the best thing to do for career is to walk away for a real software company. This is just a nursing home for technology.

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Post ID: @gut+1h9wfYCR

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