MIG Bank
2.0 of 5 6 reviews
www.migbank.com Lausanne, Switzerland 150 to 499 Employees

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Marc Burki


17% of employees recommend this company to a friend
6 Employee Reviews
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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Senior java developer

    Senior Java Developer (Former Employee)
    `Ammān (Iraq)

    ProsNew and great technical experience

    ConsVery low stability. Very bad team work

    Advice to Senior ManagementTry to pay attention to the mid management experience and personality

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Incompetence, Cronyism, Burocracy

    Senior Sales (Former Employee)
    London, England (UK)

    Pros- Very Good basic pay
    - decent holiday package
    - dont have to work too hard if you are good with the right people

    Cons- extremely poor commission structure

    - extremely burocratic decision making process

    - endemic incompetence in mid and top level management (CEO & Deputy CEO are two brothers who are 31 & 27 years old and never worked anywhere else but in their dad's company, MIG Bank)

    - not possible to realise ideas as there is no one competent to assess them properly and make a decision on it let alone appreciate them; if you are competent then you run the danger of embarrassing your superiors by showing them up

    - general feeling of lack of direction and absence of solid business acumen and good practices in the company

    -management often displays very arrogant and ignorant "head in the sand" attitude in the face of practical issues raised and instead of dealing with the matter brushing it off with the sentence "We are a bank". Its absolutely incredible to behold when you see it.

    Advice to Senior Management- The CEO and his brother should join a company were they would have the opportunity to learn best industry practices and experience what it is like to be held accountable for what they do.

    - Also get rid of that self-serving and highly political circle of advisors and "friends" in the management level and replace them with properly experienced and competent people.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Good potential, but poor leadership

    Anonymous Employee (Current Employee)
    Lausanne (Switzerland)

    Pros- Competitive salary
    - Good bonus if year profitable

    Cons- Very poor leadership / decision-making
    - Poor communication
    - Risk of layoff even if employee performance is good
    - Friendship/relationship impact on who gets what (even if performance is low)
    - Work performance not always rewarded

    Advice to Senior ManagementEmployees make up what you are as a company. Just remember.

    No, I would not recommend this company to a friend

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

    Fast developing company, great potential

    Business Development Executive (Current Employee)
    Lausanne (Switzerland)

    Pros- Being a family business, the work environment is less "corporate"
    - Good corporate values which are respected and represented very well throughout the company
    - Very generous employee oriented events organized every year (Birthday dinner, Christmas dinner)
    - Competitive end-of-year bonus scheme

    Cons- If relocated from abroad, employees receive limited guidance
    - Major dispersion regarding salary packages
    - Sales commissions structure is less competitive

    Advice to Senior ManagementDefine clear responsibilities for each and every member of management in order to increase efficiency

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

    Very bad experience

    Senior Java Developer (Current Employee)
    Amman (Jordan)

    ProsHigh Salary
    Good Technical experience

    ConsBad career progress
    Bad management and team leading
    Bad team work and communication

    Advice to Senior ManagementEnhance middle management

    No, I would not recommend this company to a friend

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    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

    Company with moderate goal and lack of leadership plus direction in general

    (Former Employee)

    ProsNice city to be in
    No stress of big city life
    Longer holiday allowance compare to US
    Many leisure activities in off ftime

    ConsFamily company that doe everything only for their benefit
    Incompetent managers who keep their job due to nepotism and connection rather than performance
    Very low and/or non-existence commission and bonus scheme
    No benefits for the employers such as health, canteen, etc.
    Lack of promotion opportunities unless you are friends an families of the owner / managers

    Advice to Senior ManagementFind competent and able managers who deserve the position, NOT given
    More recognition for the employers, whether in renumeration or promotion
    Better goal for the future development

    No, I would not recommend this company to a friend

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Glassdoor is your free inside look at MIG Bank reviews and ratings — including employee satisfaction and approval rating for MIG Bank CEO Marc Burki. All 6 reviews posted anonymously by MIG Bank employees.