There are newer employer reviews for AspenTech

5 people found this helpful  

Products are Great, Management Team is Disturbing

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Senior Manager in Houston, TX
Former Employee - Senior Manager in Houston, TX

I worked at AspenTech

Pros

- Great Products
- Industry Leading Customers
- Great Opportunities to Apply Industry Leading Solutions
- Still Some Very Smart People Working There

Cons

- Management Team doesn't connect to proven success model in Manufacturing IT
- Your True Talents won't drive your career in Aspen, the Customers will appreciate it, but Senior Management is likely to skewer you on a whim.
- The best way to get ahead is on the corporate management team

Advice to ManagementAdvice

Get back to developing a stable of industry leaders; Understand why other suppliers don't have the problems you have supplying to the same customers. Why replace Managers who leave do to lack of success with people that are going to do it the same way?

Doesn't Recommend
Disapproves of CEO

153 Other Employee Reviews for AspenTech (View Most Recent)

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  1. 5 people found this helpful  

    Very quirky, incredibly high turnover rate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Burlington, MA
    Former Employee - Anonymous Employee in Burlington, MA

    I worked at AspenTech full-time (more than an year)

    Pros

    -Interesting products
    -Some of the nicest people I have ever worked with (individual contributors and middle managers)
    -pay is good

    Cons

    -very VP heavy and they micro-manage like crazy
    -Highest turnover rate I've ever seen.
    -No ability to work flex time or remotely.
    -no work/life balance. For some teams, even sick days are frowned upon and lunch meetings ensure that you don't have a free hour in the day.
    -a lot of bait and switch with new hires. Hiring into one role or location and then changing those things once they start.

    Advice to ManagementAdvice

    They tend to not be open to any perspective other than their own, so changing that might be a good start. Looking at why they have such aggressive turnover would be another. I have never seen so few people make it to their second year at a company. It seems like if you weren't there 10 years ago, you aren't going to be able to hack it.

    Doesn't Recommend
    Approves of CEO
  2. 4 people found this helpful  

    A good alternative to unemployment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Account Manager in Burlington, MA
    Former Employee - Sales Account Manager in Burlington, MA

    I worked at AspenTech full-time

    Pros

    -Stock performance has been great
    -Pay at higher levels is competitive

    Cons

    -It's tough to find the words for how much animosity exists within the 4 walls of Aspen. With rare exception, executive management has total mistrust of rank and file employees
    -Temper tantrums by key members of the executive team are common and accepted
    -The easiest way to get the ear of the executives is to tell them how badly someone you interact with is doing their jobs. There is an ongoing witch hunt to find employees to target for termination
    -While the stock performs extremely well, participation in Options/RFU's is very limited beyond VP level
    -Once legal or finance gets hold of a contract proposal, count on a very angry customer as the "review" process takes weeks, or even months to complete
    -Internal employees seeking advancement often find that a position is, in fact, available, but the pay increase is significantly below what an outside candidate will be offered
    -Most executives have zero software industry expertience outside of Aspen.
    -Suggestions for improvement of processes, products, marketing, etc are taken as attacks on the wisdom of the executive team.

    Advice to ManagementAdvice

    -A CEO who guides a company out of a very bad situation is not necessarily going to be the best candidate to accelerate growth and innovation
    -Read the book "The No A***ole Rule" and honestly ask yourself if the culture at Aspen could benefit from some of the practices in the book

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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