Avaloq Reviews

Updated May 15, 2015
12 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
3.5
Rating Trends
Recommend to a friend
Approve of CEO
Avaloq CEO Francisco Fernandez
Francisco Fernandez
5 Ratings

12 Employee Reviews

Sort: Popular Rating Date
  1. New setup growing new culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Avaloq

    Positive Outlook
    Positive Outlook

    Pros

    Good local CEO. People person.

    Cons

    Long hours as its a new business setup. Challenging.


  2. Helpful (1)

    Highly Innovative Place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Avaloq full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Avaloq doesn't simply want to provide high quality software to customers, but aims to shape the banking industry. Highly intelligent people with a vast knowledge of banking. There are numerous opportunities both internationally and in different areas of the business.

    Cons

    The company does not yet fully understand working globally: there are still many decisions taken centrally instead of delegating them to international offices. This sometimes leads to processes that may not work equally well outside of Switzerland

    Advice to Management

    Think globally, act locally: allow more room for localization of processes, only standardize what needs to be standardized


  3. Well organized development shop

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

    I worked at Avaloq full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Smart people, well educated, disciplined. Structured process.

    Cons

    tough internal competition. heavy load

    Advice to Management

    internal marketing and communication was not up to the task.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Not a very happy place

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

    I worked at Avaloq full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    - A good place to start if you want to learn about banking and to pursue a career in this area. - Some really smart, skillful and hard working people. - Interesting and diverse set of technologies.

    Cons

    - The main focus of the company seems to be on increasing the sales and getting more customers; not necessarily improving on the innovation aspects or investing in the company culture or values. - There is serious lack of communication and management skills in some of the lower level managers and team leads. There are some arrogant and selfish employees. - Some teams and projects have constant re-organization and relatively high rate of turnover (including turnover of really good employees). - A significant number of employees complain about not receiving the bonuses they deserve. Management seems to be stingy about the bonus. - Overall, the general mood and the culture in the company does not look very happy. Some employees look either stressed or unsatisfied with what they do. There are some old gaming consoles in the building but nobody really uses them because there is no culture similar to Silicon Valley tech companies (Google, Facebook etc).

    Advice to Management

    - Invest more in your employees, office culture and values. - Select intermediate management more carefully. - Improve the benefits.


  6. Helpful (5)

    Software driven company with good growth prospects

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Edinburgh, Scotland (UK)
    Current Employee - Software Engineer in Edinburgh, Scotland (UK)

    I have been working at Avaloq full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Full of skilled and motivated people Half flex-time, core hours 10-4 but can be switched around in the week Company spends a lot of effort in the beginning on training, even including a few weeks at the head office in Zurich Software development is the core business, so opportunities for promotion in technical roles e.g. senior developer or software architect New office: raise-able desks to standing height (big plus in a desk-job profession), pool table in common area and expensive coffee machines At present the company has very good prospects, a lot of sales successes and a lot of future work and business to come.

    Cons

    40 hour working week, bit high for Edinburgh, though flexi-time does mitigate this somewhat (in any other job you'd work extra hours at times without being able to get it back the next day) Swiss culture takes some time getting used to. Google translate often needed for German/French/Spanish issues/specifications etc. Overall benefits are good but pay for Edinburgh is a bit flat. Company seems to just try and meet "market rate".


  7. Helpful (3)

    Business Consultant Consulting Solution Integration (CSI)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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.


  8. Helpful (1)

    Great team!

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

    I have been working at Avaloq full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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


  9. Helpful (6)

    more illusion than reality

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

    I worked at Avaloq full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    - 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


  10. Helpful (4)

    Friendly, helpful company culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Edinburgh, Scotland (UK)
    Current Employee - Software Engineer in Edinburgh, Scotland (UK)

    I have been working at Avaloq full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Very open and friendly culture. Almost everyone at all levels is very happy to provide help and answer questions on their area of expertise. A lot of tooling is made in-house, and thus well adapted to its specific job. Fairly flat management structure, and lots of opportunity for contact with both direct management and higher levels. Open and honest feedback is welcomed - and encouraged - in all directions. Company seems quite good at and used to managing and adapting to change. There is a procedure for everything.

    Cons

    Management have a habit of keeping information about upcoming changes secret, even when there is no reason to do so. A lot of tooling is made in-house, and thus can be wonky. Multi-site development is quite new to Avaloq, so it is still in the process of feeling out the best way to handle this in terms of organisational structures, reporting paths, etc.. There is a procedure for everything.

    Advice to Management

    The organisation of multi-site development still needs work.


  11. Helpful (6)

    Fantastic people and culture, often mind-numbing work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Edinburgh, Scotland (UK)
    Former Employee - Software Engineer in Edinburgh, Scotland (UK)

    I worked at Avaloq full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    * Friendly, relaxed, helpful, happy work environment * Young, intelligent, vibrant colleagues * Fantastic facilities and frequent events * Flexible working hours and casual dress code * Opportunities to travel * Opportunities for training

    Cons

    * Code is nasty to work with (PL/SQL, severe code bloat, confusing architecture) * Restricted and unfamiliar development environment * Difficult to transfer skills from outwith Avaloq * Many in-house products, tools & practices which need to be learned * Heavy Swiss influence (culture clash, language barrier, long working hours) * Interesting projects not available to everyone

    Advice to Management

    Main advice: Standardise and Simplify. Stop using dodgy in-house products to solve your problems (Ice, Abacus, IssueTool...) and start using community standards (Eclipse, Subversion, Jira...). You will spend a lot less time training employees, many of these products are free, and employees will be happier because they are using/gaining transferable skills. They will also be much more productive. On a similar note, stop using PL/SQL and your in-house scripting & mark-up languages - migrate to simpler and smarter Object Oriented languages with supported frameworks for working with large databases (Java, C#, Python, XML, Spring, Hibernate). Follow good software engineering practice and separate the front end, the middleware, and the back end to build a top product. The design is essentially there (clear components and business types), it just needs to be mapped to a new platform. I would estimate that the lines of code could be reduced by as much as 80% (yes, that much!), and the time spent on maintenance and training could also be reduced by the same percentage. It would make a huge difference to the maintainability of the product, and would be simple to do as the product is already designed with object orientation in mind (obj, doc, doc tabs, etc). It would allow everyone to be a generalist, rather than having everyone being a specialist in their area, which would make every software engineer significantly more productive (and happy!). If these changes were made, I could probably work there forever.



Showing 12 of 12 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.