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6 people found this helpful  

Consulting? Really? More like Staff Augmentation

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

I have been working at Capco full-time (more than an year)

Pros

Beats unemployment
Paychecks twice a month
Worklife balance is awesome because the work is a joke.
Excluding HR, the backoffice staff is a great eye candy and motivates men to come into the office.
Referral bonus is nice and only 3 months are required for your referral. There are over a handful of people who are using the referral system to make up for deficiencies in their pay.

Cons

Where do we start? Besides the fact that Capco isn't a real consultancy, let alone a management consultancy, the "projects" are very poor and it's ultimately a bodyshop.

Pipeline is very small to non existent. Big lay offs are coming soon because the bench is massive.

Skills rarely align with work and the "domains" concept is merely a facade. 99% of the work in every domain is backoffice/tech related. There is no Capital Markets work, but there are "Capital Markets" clients! This is the main recruiting pitch by the incompetent HR staff, who will take anyone off the street with a pulse and a bachelor's degree. I have a friend who arrived 2.5 hours late to a "Superday" and got an offer. Pathetic... One could go on, but a firm is a representation of its hiring practices and Capco's are terrible from the bottom on up.

Leadership is a joke and just a bunch of "partners" with a Rolodex from their Bearing Point days. Yes, the same Bearing Point that went belly up so the writing is on the wall.

Do yourself a favor, look elsewhere because the moment you walk out of the elevator, you will wish you never worked here. If you make it past the elevator, try out the cafe to network and talk with the imbeciles they let through the door. If that isn't the nail in the coffin, then good luck!

Advice to ManagementAdvice

Sell your equity so FIS can implement some HR standards. The trash coming through the door is just downright insulting.

Doesn't Recommend
Negative Outlook
No opinion of CEO

188 Other Employee Reviews for Capco (View Most Recent)

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  1. 13 people found this helpful  

    Faux consulting, Genuine career-killer

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

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

    Pros

    - Gives out decent laptops, cell phones
    - Willing to overlook lack of financial services experience
    - Has a great marketing department to give the appearance of an actual consultancy
    - Provides a paycheck in US dollars every two weeks
    - You can tell your friends you're a "management consultant" who works on "Wall Street" with a nearly straight face

    Cons

    Where to even begin?

    - You are expected to bill and work 10 hour days for 8 hours of pay; criminal overbilling of the client is the norm here
    - No need for a finance degree-this firm doesn't deal with finance
    - Capco is a body shop of IT testers and "project managers". There are no strategy projects. The "Banking" and "Capital Markets" domains are just fronts for testing assignments or other IT work
    - Capco is not a consulting firm. It's a back-office staff augmentation group willing to sell you out, despite your background, at the lowest possible rates to turn a buck
    - Won't put you on a project you request-you have no choices here
    - Often won't pay for your "local" travel; this is why they seek to hire naïve "local" resources and stick them with the bill for travel, even when it can be dozens and dozens of miles a day
    - Too cheap to pay for separate hotel rooms, plane tickets. Hope you like sharing a room with someone who likely doesn't have the same hygiene standards in a cut-rate "hotel" after arriving on the 2:00 AM Amtrak
    - No pipeline to speak of, client list is small
    - Rampant unprofessionalism
    - Endless internal disarray and disorganization; a revolving door of half-baked internal initiatives that never come to fruition will constantly clutter your inbox
    - Your fellow "consultants" often have atrocious people skills-almost a requirement to work here, it seems
    - No investment in talent. Don't be fooled by all the "talent programs" aimed to give an air of legitimacy to this body shop. You're a piece of meat, pure and simple.
    - HR is rude and incompetent. Even by HR standards
    - Many of the former "bankers" and "subject matter experts" worked on the service or HR side at actual consulting firms
    - Tons of company events that are used to mask politics. Don't attend a HH? Not a team player. Attend a HH? Prepare to get pumped for information about your coworkers.
    - Company is more focused on internal "fun" than gaining new clients; hope you like an endless barrage of superfluous "internal event" designed to foster team spirit. Don't worry, the minute you aren't a billable resource, you'll all be fired as a team, too.
    - Partners waiting to cash out the moment the rest of this sinking ship is acquired by FIS in a few years; mentally, they're already gone
    -I could go on for quite some time, but ultimately Capco's biggest problem is it simply isn't a consulting firm

    In summation:

    Are you a degree holder, HR rep, or someone who has a vague idea what consulting actually consists of? Have you watched "House of Lies" and dream of an illustrious career as a management consultant, but have none of the prerequisites? Do you consider people skills something dangerous and foreign? Is your command of the English language one of your "softer" skills? Do you classify yourself as a member of the human race and desperately need a paycheck? Capco could be for you.

    For anyone else who is remotely serious about being a consultant, avoid like the plague. Two years in this butcher's shop will have you wishing you could permanently erase your CV.

    Advice to ManagementAdvice

    Cash out.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 6 people found this helpful  

    Project Manager - Ended up Leaving Federal Program Dissatisfied

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Herndon, VA
    Former Employee - Project Manager in Herndon, VA

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

    Pros

    Capco has strong client contracts but many of the employees outside the senior level are subpar. The company has a horrendous interview process (multiple phone calls leading to group meetings - boiler room style) and I should have never accepted the position after going through such an unprofessional number of steps. The Federal client has a positive overall impression of Capco though this is likely achieved at the C-level and does not filter down into middle management of financial and IT programs.

    Cons

    Worst interview process I've ever gone through with a consulting company or investment bank. Extremely unprofessional and I didn't feel valued during the several weeks of discussions. Client engagements were often rushed and overbilling of the client more commonplace than with other (similar) programs. Team building exercises were often looked upon negatively and rushed by nearly all members.

    Advice to ManagementAdvice

    Highflying consultancies and investment firms are a dime-a-dozen. The ones that last long-term do not conduct themselves with such mannerisms. Strengthen your core-management values and client engagements and the financial benefits will follow. No need to have so many ex-employees tell their friends and former classmates not to consider working with Capco. Right now, your profitability ratios are decent, down the road, they will be much less so if you continue along the same path. One of the strengths of the best firms is retaining key talent, not just attracting said associates with decent compensation packages.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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