Capco Reviews

Updated August 27, 2015
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3.1
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Capco CEO Rob Heyvaert
Rob Heyvaert
198 Ratings

Pros
  • Work life balance is awesome bc the work is beyond easy (in 8 reviews)

  • Good knowledgeable colleagues to work with from whom one can learn a lot (in 7 reviews)

Cons
  • Glorified body shop that does staff augmentation work (in 13 reviews)

  • You time off/ work life balance is the lowest priority (in 7 reviews)

More Pros and Cons

308 Employee Reviews

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  1. Featured Review

    Helpful (1)

    Good momentum!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great exposure to and support from upper management. Immense growth opportunities. Competitive pay and benefits.

    Cons

    Limited clientele in the DC region


  2. Good work place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Capco full-time

    Pros

    Evrerything is good no complains.

    Cons

    No cons. all looks good


  3. Helpful (7)

    Run the other way

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    People are fun. They sent the entire company to Puerto Rico for a weekend.

    Cons

    The work is beyond mind-numbing, even on the "good projects." This is a staff augmentation firm disguised as a consulting company. No where else in the industry is it common practice to be on a project for at least a year. Senior management lies and does not support mobility. A partner quoted the statistic that from the time a resource states they would like mobility, it will take 6 months to a year. In that time, the average employee has left the firm, and management is "shocked." Capco prays on ignorant college students who want to get into finance/consulting to join the Associate Talent Program. The 2-week training is a waste of time and does not prepare anyone for client work, which is just project management and communication.

    Advice to Management

    What's good for your business model isn't good for your people, so don't pretend that this is a people focused company.


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  5. First Time

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consultant in New York, NY
    Current Employee - Senior Consultant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Many projects, partners seem to encourage learning and development, plenty learning and development available.

    Cons

    Not sure yet. First time being on the bench so a new experience. Have to see what it is like trying to get on a new project or being on the bench for a period of time.

    Advice to Management

    More explanation on bench life.


  6. Figuring it Out

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in New York, NY
    Current Employee - Associate Consultant in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Benefits. Not yet adapted the HUGE FIS bureaucracy, but on it's way to doing so.

    Cons

    There doesn't seem to be a clear direction. They bring in an ATP class to be future leaders and provide no opportunities, groups, or investments for them. There's no continuous development.

    Advice to Management

    If you want to Form the Future of Finance, do more than Staff Aug. Invest in L&D. Develop your risk capacity/ability to deliver.


  7. Great organization

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Principal in New York, NY
    Former Employee - Managing Principal in New York, NY
    Recommends
    Positive Outlook

    I worked at Capco full-time (More than 10 years)

    Pros

    Innovative thought leaders, leading practices focused on Capital Markets

    Cons

    Inability to scale - especially to execute very large contracts


  8. Helpful (9)

    Glorified sweat shop, zero leadership, frat house mentality

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Principal Consultant in New York, NY
    Former Employee - Principal Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - Free soda in the office - Free breakfast - The base pay was actually decent

    Cons

    I can confirm that all the cons provided by others are 100% true, but let me start from the top... Leadership - every now and then, leadership would speak about how they are forming the future of finance. They would literally spend serious cash (parties, videos, campaign) playing mental gymnastics and trying to convince consultants that Capco is so far ahead of the innovation curve and an absolute industry leader in the financial services sector. Since we were part of the organization and had vested our careers in its leadership, we tend to become delusional on that regard. On top of that, there is no transparency on how they rate their employees. There is an out of date process for performance review and no one actually took it seriously. Projects - the official definition of changesouring is: absorbing part of a bank, convert the department into Capco consultants, and receive contracts from the bank doing the exact same thing. The problem is, these work that the banks were performing, they were the most unwanted kind, hence zero value added and career killer. Capco would repackage their very own employees to their clients as staff aug, but since no one trusts the "Capco Consultants", the IT side of the bank would give Capco the absolute worst kind of IT jobs, such as, testing - the kind that other organizations outsources to India or Latin America. Engagement partners- when a consulting firm sells a project, there's a SOW and a clear objective of what to achieve, be it standing up a platform or transforming a business. That’s how things work in the consulting world. In Capco, the partner's objective is to provide unqualified bodies at a below market rate and let the clients figure out what to do with them. Since the banks are getting "FS consultants" at a dirt cheap rate (compare to other consulting firms) and no commitment of employments, they are more than happy to take on these contracts. It saves them a lot of cash in a long run. Think outsourcing - but locally. Hence, changesourcing!! The partners - they don't care. Contracts are signed, moving on to the next client. They do, however, spend some effort into branding and creating optics that they were directly competing with Accenture, IBM, or Big 4. Learning and Training / HR - all the cons written about learning and training is 100% true, especially the quality of the HR department. However, I do highly recommend people joining the Capco HR department. The career path is super aggressive since you are closer to partners and best of all, you don’t do anything 7 days a week, 365 days a year!! The fact that they have pre-determined/robotic response to different types of negative Glassdoor feedback tells you how genuine they are. Culture – the consensus #1 aspect that all “Capconites” are truly proud of. It’s true, at one point I was proud of what they stood for in innovations and technologies. Looking back, I can’t stress how delusional that was. Delusional is truly the right and only word to use because when you are an employee constantly staring a propaganda emails (see above on leadership), your emotion runs high on their beliefs and mentality. All the campaigns about digitalization, crowd funding, humanistic, disruptive, beyourseflatwork, etc. They really get into your head. By injecting these jargons into their employees, they create this culture of exclusiveness where everyone thinks he/she is starting a revolution like in Les Miserable – creating that “either you are in or you are out” mentality. The truth is, since every consultant is doing pointless project work (refer to projects) and spends his/her 9-5 working on “contributions” that gets them promoted, everyone is brainwashed to believe that Capco has most radically innovative minds in the world. Try criticizing or commenting on their propaganda, their culture would organically phase you out. In a way it’s brilliant by their leadership to keep the morale high! People / Hiring – If you don’t stutter and look grateful, you are hired. At one point, because they need to fulfill a staffing requirement for a client, they literally were sending out offer letters to everyone who applies. I actually did recruiting for them as my “contribution” and I was told that we HAVE to “hire at least 3/5 from the group…but don’t lower your standard…but pick 3”. I almost got into a fist fight on how none of them qualified and they ended up hiring 4.

    Advice to Management

    Stop campaigning that you are innovating. Testing a user friendly website for a bank is not an innovation. Stop enabling this toxic culture where you and your associate best friend is working on a “top secret” internal project (or somewhat the same concept), thus creating this low level arrogance due to the whole disruptive non-sense. This is how you create that exclusiveness that everyone here in Glassdoor has a problem with. Hire a top consulting firm and have them give you an honest reality check. All these internal “strategies” are obviously done with a bias and everyone knows you are not really cutting into MBB’s market share. But hey what do I know…maybe it happened already and they have been throwing us the “disruptive” bone.


  9. Helpful (10)

    Disaster

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Management Consultant in New York, NY
    Former Employee - Project Management Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Capco full-time

    Pros

    Good if you are willing to work for food (free fruit and water in NY office only)

    Cons

    Much of this catastrophe falls at the feet of the Americas CEO and the group of unqualified, ego-driven syncophants he brought from Accenture. Their main talent is describing him as "brilliant" when they have come close to destroying what apparently was a decent boutique financial services consultancy at one time. Challenge any of them to speak a full sentence without using the word of the month "disruptive," which they think makes them sound cool and innovative. Top HC, Finance, and business people are all unqualified and feeding mightily on the gravy train while staff are left without career opportunity, training or even decent assignments, and eventually a 'black hole" on their CV. Getting out required explaining away my connection to this totally laughable organisation.

    Advice to Management

    As most reasonable people say -- stop lying.


  10. Helpful (15)

    Stop the charade

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Former Tricked Employee in New York, NY
    Current Employee - Former Tricked Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Capco (More than a year)

    Pros

    Free fruit and water in NYC office. Work is recent college grad level so work life balance is awesome. Alumni program is a sad attempt to make it seem like it's a legitimate consultancy when it isn't even a consultancy. You aren't McKinsey, it isn't your competitor, and it'll never be your competitor. If you have a pulse and a degree, you're hired!

    Cons

    Bodyshop plain and simple. Projects are for financial clients that have hiring freezes and looking to outsource the positions to India. Outright dishonesty to current and potential employees, which leads to a turnover rate over 50% for all levels. There have been Partners that have left in less than 4 months. Lost time on your resume is hard to explain when you're trying to leave this bottom of the barrel shop. There is no quality management that can mentor your career or you'd want to follow. Your exit is E&Y and a quick LinkedIn is proof in the pudding. Bonus is 3-5% of a below market pay package.

    Advice to Management

    Stop lying to your staff about what you actually do. Stop lying to clients and overbilling.


  11. Helpful (5)

    Principal Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Principal Consultant in New York, NY
    Former Employee - Principal Consultant in New York, NY

    I worked at Capco (More than a year)

    Pros

    Very good company for mid level candidates allowing them to experience a professional atmosphere and interesting financial applications development

    Cons

    Not a company for Senior Professional Men...Capco charges much higher rates for a Principal to work on a project; consequently Principal Consultant and up are in constant jeopardy of being let go since it is Capco's policy to not support a bench.

    Advice to Management

    Develop a business model that conforms to current market practices in order to stay competitive and thereby dramatically decrease the rate of attrition



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