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Ambac Reviews

16 reviews

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2.2
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Claude LeBlanc
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16 Employee Reviews

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  1. Helpful (1)

    "Look elsewhere"

    Star Star Star Star Star
    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


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

    Star Star Star Star Star
    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.


  3. "Good for what it is"

    Star Star Star Star Star
    • 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.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    "Disillusioned staff with no incentives"

    Star Star Star Star Star
    • 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?


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

    Star Star Star Star Star
    • 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


  7. Helpful (2)

    "A shrinking business with poorly motivated employees."

    Star Star Star Star Star
    • 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


  8. Helpful (2)

    "Company lost its AAA rating during the financial crisis and has no product."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance in New York, NY
    Former Employee - Insurance in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Ambac full-time (More than 3 years)

    Pros

    Some of the people there are really smart and dedicated. One gets to move around from one business unit and department to the next in a short time thus gaining broad experience.

    Cons

    There is no connection between daily work and a strategic goal. It's like working in a mechanic's shop: fix what breaks and move on to the next one.


  9. Helpful (1)

    "Vice President"

    Star Star Star Star Star
    • 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
    No opinion of CEO

    I worked at Ambac full-time (More than 5 years)

    Pros

    they have a flexible work schedule

    Cons

    no real chance for new business


  10. Helpful (1)

    "run if you can"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in New York, NY
    Current Employee - Financial Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Ambac full-time (More than 3 years)

    Pros

    its alright place for a bankrupt company that doesn't have money to pay off the electric bill.
    its a small quit place, which is good for someone that just finished college...but once you get enough experience run like your life is in danger.

    Cons

    terrible pay, high turn over, no corp. culture, no opportunity to move up, company filled for ch-11 and now its a dead place waiting to be buried. if you have a chance to go to different place do so asap.

    Advice to Management

    there's not much that the management can do at this point, the company has no budget to take care of its employees, so everyone are doing double work and don't get the right compensation.


  11. Helpful (1)

    "Ok in all the circumstances"

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

    I have been working at Ambac full-time

    Pros

    Good people to work with

    Cons

    Company in a terrible situation

    Advice to Management

    make the best of it



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