Ambac Reviews | Glassdoor

Ambac Reviews

Updated October 31, 2017
20 reviews

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2.2
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Claude LeBlanc
2 Ratings

20 Employee Reviews

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  1. "Automation Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Prior to 2008, it was a golden company. Great bunch of people with an open door policy.

    Cons

    After 2008, it was like every man for himself; morale low; terminations; company in litigation.

    Advice to Management

    Bring back the good old days; get rid of mismanagement; better open door policy.


  2. "Don't apply. No direction in company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Ambac full-time (More than a year)

    Pros

    The people at the company. Majority of the people are friendly

    Cons

    No direction in company. Annual firing.

    Advice to Management

    Stop letting people go that actually put in the effort.

  3. "Workout situation"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ambac full-time

    Pros

    Got to look at many stressed credits from a variety of sectors

    Cons

    This is a company in run-off with no future


  4. Helpful (1)

    "Vice President, Programmer and Lead Architect"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President, Programmer and Lead Architect in New York, NY
    Former Employee - Vice President, Programmer and Lead Architect in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Ambac full-time (More than a year)

    Pros

    The people that work here are fundamentally decent human beings

    Cons

    1. The company has been operating in runoff mode, 2. In the world of technology, this means that it's very difficult to increase your skills and experience with anything useful to the outside world, and 3. The above factors don't create a motivating environment -- it's actually quite depressing


  5. "As a Project Coordinator, all was fantastic until the mortgage crisis hit the company quite hard."

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Prior to 2008, it was a golden company. Great bunch of people with an open door policy.

    Cons

    After 2008, it was like every man for himself; morale low; terminations; company in litigation.

    Advice to Management

    Bring back the good old days; get rid of mismanagement; better open door policy.


  6. Helpful (2)

    "Look elsewhere"

    StarStarStarStarStar
    Current Employee - Vice President, Programmer: Lead Architect in New York, NY
    Current Employee - Vice President, Programmer: Lead Architect in New York, NY

    I have been working at Ambac (More than a year)

    Pros

    Nice people to work with

    Cons

    Shaky future because company has been laying off employees and cutting budgets


  7. "Good for what it is"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook

    I have been working at Ambac full-time

    Pros

    Office is nice. Depending on your role and group, there is a good opportunity to learn a variety of skills particularly because if you don't do it, no one else will. Still a good amount of interesting and challenging work left to be done.

    Cons

    Lack of communication from senior management and within the team. Under appreciated; no one really knows how much work you put in. Top heavy organization which means a lot of work gets pushed down. Many of the smart people have been laid off

    Advice to Management

    Communication is key.

  8. Helpful (4)

    "Disillusioned staff with no incentives"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in New York, NY
    Current Employee - Anonymous in New York, NY
    Doesn't Recommend
    Negative Outlook

    I have been working at Ambac full-time

    Pros

    Extremely interesting work depending on where you are in the company. Decent pay. Flexible hours and not too demanding (depending on where you are in the company).

    Cons

    Zero incentive for anyone to make an effort. Even the leaders of the recovery have started to check out mentally. Runoff business with no career prospects and no real financial upside for anyone but the two senior executives.

    Advice to Management

    Oh please. Who is going to listen?


  9. "Bright people, the whole company was destroyed by last crysis"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Bright people are working @ambac; good training

    Cons

    bureaucracy, hard to get promoted


  10. Helpful (2)

    "A shrinking business with poorly motivated employees."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook

    I have been working at Ambac full-time

    Pros

    Slow pace, low stress, great hours, very complicated structure makes for interesting work.

    Cons

    No growth opportunity, poor pay, no recognition, poor social culture, very niche roles that are not transferable to other companies


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