Avaloq Reviews

Updated June 2, 2014
Updated June 2, 2014
11 Reviews
3.7
11 Reviews
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Avaloq CEO Francisco Fernandez
Francisco Fernandez
6 Ratings

4 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Business Consultant Consulting Solution Integration (CSI)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Consultant Consulting Solution Integration (CSI)  in  Zürich (Switzerland)
    Former Employee - Business Consultant Consulting Solution Integration (CSI) in Zürich (Switzerland)

    I worked at Avaloq full-time for more than 3 years

    Pros

    - If you like to get to know banking systems Avaloq is a good company.

    Cons

    - Avaloq wants to improve the sales, not the product. If there are changes and updates in the product, it is to increase the sales, catch up with the market, or to go where market’s money is, not to make a better product for the sake of customers or just to have the commitment of delivering a solid product.

    - I only worked in CSI, so I can only talk about CSI: There is no proper career path. There are MBOs to evaluate the promotions. But the MBOs are done very vaguely with a lot of political stories affecting the employer’s performance.

    - The bonus I was promised when I signed the contract, never happened. The first year I joined avaloq they laid off 20% of employees (so 0% bonus), next year there was 50% bonus, and the next year there was even less than 50% bonus,…

    - Again only about CSI department: I could not look up to the seniors. I did not want to become like them. Because the team heads and the level C management were lacking a lot of technical and managerial skills. What they were strong at was knowing the right people and having the right relation with those right people. Performance and knowledge comes after political and strategic friendships.

    - Overall Avaloq software is pretty old school and more of a patched up hack: PL/SQL, Excel sheets, VBAs, macros, than a proper software, is more of a “GUI on top of a database”. It is hard to call a product a “software” when there is no productive debugger. Or when we still generate PL/SQL code using VBA code from Excel sheets.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 5 people found this helpful  

    more illusion than reality

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Systems Engineer  in  Zürich (Switzerland)
    Former Employee - IT Systems Engineer in Zürich (Switzerland)

    I worked at Avaloq full-time for more than 3 years

    Pros

    - Smart people working to deliver a first class banking solution.
    - coffee and mineral water for free
    - benefits at a higher level
    - Gipfeli Friday

    Cons

    - arrogant people (e.g. 2 letter abbr.)
    - lack of soft skills of some co-workers (aggressive behaviour)
    - management by objectives leads to selfish occurrence (happened mostly end of the year)
    - growth was too fast too big
    - lots of organisational changes (C-Level is insecure)
    - mass dismissal in january 2012 after buying B-Source in 2011
    - "we all are equal, but some of us are more equal than others"
    - low chances for job changes
    - perks: only standard (no choices for upgrades)
    - Information hiding / keeping for themselves

    Advice to ManagementAdvice

    - intermediate management positions with internal workers is not always a good choice (lack of soft skills)
    - intermediate management needs more authorization
    - people manager are not really managing "people" because they are always on the road
    - look for a CEO who is able to bring the company to an IPO

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Great team!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer  in  Zürich (Switzerland)
    Current Employee - Software Engineer in Zürich (Switzerland)

    I have been working at Avaloq full-time for more than 3 years

    Pros

    Even though PL/SQL development might seem very "low level" you get in touch with many many (many) different "source types", technologies, "workflow-driven" development and a huge business know-how throughout the company!

    Cons

    The following is very personal and might not be representative: since the "re-organisation" our team fell into pieces and our domain became just "a little dot in the sales pipeline".

    Advice to ManagementAdvice

    Less formal paperwork, pro-active development of the product.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 3 people found this helpful  

    Lack of communicative skills

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Consultant  in  Zürich (Switzerland)
    Former Employee - Senior Consultant in Zürich (Switzerland)

    I worked at Avaloq

    Pros

    Innovative interesting technology work, good workers and good working environment

    Cons

    Major lack of communicative skills of intermediate management.

    Advice to ManagementAdvice

    Intermediate Management has to be selected more carefully and only senior and with proven leadership skills.

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