SWIFT

  www.swift.com
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SWIFT Reviews

Updated Jul 24, 2014
All Employees Current Employees Only

3.4 53 reviews

69% Approve of the CEO

SWIFT CEO Gottfried Leibbrandt

Gottfried Leibbrandt

(16 ratings)

65% of employees recommend this company to a friend

Review Highlights

Pros
  • Good work-life balance compaired to most companies in the IT sector these days (in 9 reviews)

  • Good benefits and a place to get your career started after college (in 8 reviews)


Cons
  • Senior management has lost the plot in regards to company direction (in 4 reviews)

  • Career growth is almost non-existent in terms of promotions or new jobs (in 3 reviews)

More Highlights
53 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Very good benefits

    Project Manager (Current Employee)

    ProsVery very good benefits.. Makes you stick longer...majority work force has been working longer than 10 years... Very good health plan..

    ConsNo upside movement after certain level.. Majority of the senior management has been with company 20+ years.. No one leaves...

    Advice to Senior ManagementRotate middle management...

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

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

     

    Good company to work for as a permanent employee.

    Software Developer (Former Employee)

    ProsSWIFT (Society for Worldwide Interbank Financial Telecommunication) has a very casual office culture at their VTC development center. Arriving at a meeting within 5 to 10 minutes of the start acceptable. Attire is casual, even the first and second level managers wear blue-jeans. Everyone is friendly, breakfast is provided on Wednesdays. Coffee and beverages are provided gratis every day.

    SWIFT is not a corporation, so they don't answer to share-holders, but is a cooperative of the world's banks, and so are providing a service to banks. Their goal is to decrease the cost of their services on a yearly basis. SWIFT started in Belgium, and headquarters are there, and so the organization has that European outlook on employees and benefits.

    Permanent employees are rarely let go or laid off. Benefits for those employees are great.

    ConsAt SWIFT's U.S. development center, VTC, schedules are usually chosen by management for the developers, and the developers are expected to meet those schedules, no matter how poorly chosen the dates are, so this can mean long hours for employees. The work-life balance under those conditions is poor.

    The senior local management has been in place for some time, and there are not many opportunities for upward movement. Some in local management are near retirement, but those in the lower management positions, who have the same philosophies about managing, will be moving up into those positions.

    Advice to Senior ManagementDo not be too eager to rid the company of old technologies before that new technologies have had a good long burn-in period, proving itself reliable.

    Look at more modern management practices, where the experts (the employees) make technical decisions, create schedules, and drive change, and the managers manage people.

    Also look at hiring people with proven expertise, and to keep them, pay them a bit more.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Mixed good and not so good experiences

    Programmer Analyst (Former Employee)

    ProsThe people are great. You can quickly develop great friendships.

    ConsThe structure of the company is a very strict top down very controlled work environment. When it works, it works well as expected. But mostly you have to hack your way around it to actually get work done. However, I did see movement towards a more flexible organization in the past couple of years.

    Advice to Senior ManagementInvestigate more dynamic and distributed authority organizational systems otherwise the more flexible and innovative competition will start to overshadow.

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

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    Nice working place

    Anonymous Employee (Current Employee)

    Prosi like to work here it's nice office and people are nice and they are good people and they like to work hard

    Consthere are no cons here

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

    2 people found this helpful  

    Extremely good benefits, no room for advancement

    Security Management Specialist (Current Employee) Culpeper, VA

    Pros- Best benefits I've seen, ever
    - Decent salary
    - Casual atmosphere
    - Decent culture

    Cons- No room for advancement, someone has to die or move for you to take their spot
    - Management is not very competant

    Advice to Senior ManagementGet rid of the older folks who were in SWIFT during the 'golden days' and got promoted every week. It's killing the growth because the newer hires cannot advance due to the disgusting amount spent on promotions years ago

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    .

    Anonymous Employee (Former Employee) New York, NY

    ProsInternational environment, good reputation, perfect for 50/+ yo professionals looking for a place to retire

    ConsMid management in their mid-50ies: protect each others (zero growth opportunities), affraid of change, give lip service to HQs

    Advice to Senior ManagementChange the management team in remote sales offices, encourage diversity at the top

    No, I would not recommend this company to a friend

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

     

    Job title and role don't align with needs

    Anonymous Employee (Current Employee)

    ProsWork life balance and clients

    ConsManagement philosophy and operational structure

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

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

     

    SWIFT 2.0 isn't an upgrade for seasoned employees

    Anonymous Employee (Current Employee)

    ProsFocus on training; tuition reimbursement; if you are a young grad, you will get a lot of attention and encouragement and your career will grow quickly in the beginning. Benefits are still good comparatively (though much much less so than previously).

    ConsLEAN reduced workforce to point that there's more work than people to do it; they are pushing out older employees (50+); promotion process is unclear and it is flat - you go from 30 to 40 quickly, 40 to 50 takes longer, reaching 60 is almost impossible unless you are management. Your performance rating is done by committee before you meet with your manager.

    Advice to Senior ManagementReduce stress. Plan enough time/head count to get projects done right. Quality is going downhill so something has to be done sooner than later.

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

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

     

    An enjoyable internship and a great place to learn the inner workings of the payments world

    Intern (Former Employee) New York, NY

    ProsEveryone is very relaxed, while maintaining a high work output. There wasn't a formal internship program, however everyone was eager to help out any work you did. Looking back on this experience from a data science perspective, SWIFT has some incredible work to do, if you know where to find it.

    ConsNo formal internship program - although I hear that there is one in place now.

    Yes, I would recommend this company to a friend

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

     

    Not for newly graduated students

    Software Developer (Current Employee) Manassas, VA

    ProsExcellent benefits and vacation policy. Excellent 401K plan. Job security and stability. 100% health insurance and no paycheck deduction.

    ConsNo career growth. You would be stuck in a single level for years and years. There is no standard promotion policy. Poor salary increments. Poor bonus percentage. Work life balance basically depends on the team you are in.

    Advice to Senior ManagementPlease start cleaning up the mess that was created for years and start concentrating on talent retention and salary increments. Develop a great working culture. Do not demand people to work for long hours. They can actually sue the company. Also, start appreciating the hard and long hours that are going in to the work. A simple thank you would go a long way.

    No, I would not recommend this company to a friend

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