Fundtech

www.fundtech.com
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Fundtech Reviews

Updated February 23, 2015
Updated February 23, 2015
60 Reviews
2.2
60 Reviews
Rating Trends

Recommend to a friend
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Reuven Ben Menachem
31 Ratings

Review Highlights

Pros
  • in most roles very good work/life balance (in 3 reviews)

  • Great people - smart, professional, hard working (in 3 reviews)


Cons
  • Work life balance is not that good (in 5 reviews)

  • Backstabbing by Management and Office Politics is common place (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Overall Fundtech is a good company to work for and allows a lot of flexibility for the employees.

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

    I have been working at Fundtech full-time (more than 3 years)

    Pros

    They are flexible with the work hours. There are many skilled and dedicated employees here, and like any other company, many that aren't. The company is privately held by a investor firm which has its benefits in that we aren't slaves to the people on Wall Street. The industry we work in is always changing which allows for exciting new opportunities to learn new products in the financial industry. The products that the different groups are developing are forward thinking and exciting opportunities for Fundtech.

    Cons

    While the hours are flexible, the work week is rarely a standard 40 hours like many other companies and usually includes weekends for many on the staff. Staffing is not where it should be and prevents many products and projects from getting completed in a reasonable and requested amount of time. We have also lost many excellent quality staff members due to the long hours and lack of pay increases (another problem with being privately held).

    Advice to ManagementAdvice

    Like many of the complaints and articles that the senior team reads about salatry difference there needs to be a way that you can consistently compensate your high quality worker bees so they will stay. The work hours are too long to not give them a financial reason to stay. Get staffing up to allow the many projects and products that are in the works to get done.

    Recommends
    Positive Outlook
    Disapproves of CEO
  2.  

    Not what it used to be

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

    I worked at Fundtech full-time (more than a year)

    Pros

    Funtech here 4 u when u in between real jobs and feel like layin low.

    Cons

    Dead end jobs. Scant opportunities for advancement, transfers, pay raises. 0 incentives to do mo than the bare minimum.

    Advice to ManagementAdvice

    Stop scheming. Come out of hiding. Resign immediately. Quit takin the credit. U played no role. The underlings do not need u. Go.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Scetchy

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

    I have been working at Fundtech

    Pros

    Decent pay, a few people with excellent skills that are great to work with. If you have the skittles most will listen so tasks can get done.

    Cons

    Politics, poor management, blame game, a lot of unskilled empoyees with position that make your job unbalanced with work/home, layoffs are high for skilled workers.

    Advice to ManagementAdvice

    Stop getting rid of the employees that make it possible for this company to continue, start looking at diminishing the unskilled employees, possibly reposition management that does not have the qualities or skill for their current position. Listen to their staff who are qualified and speak highly of employees and contractors that should be full time. The company will slowly decline with the current operations being implemented.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    If you like uncertainty and drama, apply within!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at Fundtech full-time (more than 8 years)

    Pros

    Within the aisles of the worker-bees, there are a few hidden gems that are very smart and bring a lot of financial services expertise to the table. The ability to work with these folks is there - if you can find them. Learn from them. Company is growing, so something is working.... just not sure what.

    Cons

    Avoid San Francisco. Avoid Norcross. Layoffs are part of one person's "grand plan" for a product that's going away anyway. Be prepared to take the blame for things that you have nothing to do with, and watch those without a clue take credit for anything positive. I hope you are a light sleeper, because you will be required to be available at all hours of each day. It's chaos. Avoid avoid avoid.

    Advice to ManagementAdvice

    Ask yourself "Is this place better for hiring her?" You know the answer.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Money is the only upside

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous in Salt Lake City, UT
    Current Employee - Anonymous in Salt Lake City, UT

    I have been working at Fundtech full-time (more than a year)

    Pros

    Entry level and salaried positions make pretty decent wages

    Cons

    Raises are rare (maybe every other year), management is incompetent, stubborn, and can't communicate, constant drama between all departments, no one that actually does their job right is rewarded or acknowledged, very few employees are actually qualified for their position, favoritism runs rampant, no positive changes can be made because of how understaffed every department is (expect to work OT on a weekly basis), spent millions on new remodel instead of giving anything back to the employees.

    Advice to ManagementAdvice

    Respect your employees! Show appreciation, base promotions on merit, not on favorites, give a raise, even if small, every year, promote from within, hire more competent employees instead of spending money on pointless things.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Playing the game

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

    I have been working at Fundtech full-time (more than 3 years)

    Pros

    Not much on promotions there's much too much favorite ism especially where there's a lack of knowledge and some folks just landed a position.

    Cons

    Some very lazy, lazy flamboyant staff. Takes the credit and talks a good game to make it seem theyre smarter than they are best part management falls for it.

    Advice to ManagementAdvice

    The ones that talks too much is full of themselves and lots of marshmallow.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    qa

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fundtech (more than 3 years)

    Pros

    people are were kind of good

    Cons

    mgmt. kind of keeps in way

  9. 1 person found this helpful  

    Manager

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

    I have been working at Fundtech full-time

    Pros

    The only pros I can think of is that you can work independently.

    Cons

    Poor management, no roles laid out, no vision. Company only cares about bottom line and so cheap about everything except when it comes to spending millions for an inept ERP system that does not work and is not customized for the work that is done. Backstabbing by Management and Office Politics is common place.

    Also, have a real year-end review that really means something and can determine raises and promotions but not the sham that it really is.

    Advice to ManagementAdvice

    Communicate, although I know that is to much to ask for, as all you care about is the bottom line.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    Senior Management Squeezing the Life out of Employees

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

    I worked at Fundtech full-time

    Pros

    There are long term employees who are passionate about being there. Very hard working teams

    Cons

    The management does not value hardwork and experience. Keeps changing the company strategy without backing it up with proper people and system infrastructure. Lots of new management has been brought in, but no effort to retain quality employees with long-standing experience.

    Advice to ManagementAdvice

    Employees are given less and less reasons to stay. You have provided too many "words" about how "great" the company can be but you have not provided the backing to support those words. Slamming in new infrastructure CRM and accounting systems without gathering requirements up front. Changing the company org without the people to flll the roles, offering no career growth, or salary increases for even those who are excellent. Set your strategy, make sure the infrastructure is there and then stand by your decisions. Be more open and honest with employees at all levels and in all offices.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Software Developer

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

    I worked at Fundtech

    Pros

    Worked with some interesting technologies

    Cons

    Employee moral is extremly low, from BA's, developers, team leads, etc.. Everyone is grumpy. Everyone is fighting against eachother. Very Toxic! Also, 40 hr work weeks are not the norm. Expect to work 60+ hr a week.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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