Capco - A race to the bottom, the story of a firm gone bad... | Glassdoor
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There are newer employer reviews for Capco

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Helpful (14)

"A race to the bottom, the story of a firm gone bad..."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Principal Consultant in New York, NY
Current Employee - Principal Consultant in New York, NY
Doesn't Recommend
Neutral Outlook
No opinion of CEO

I have been working at Capco full-time (More than a year)

Pros

If you are lucky enough to work with one of the remaining talented consultants that has not left the firm yet (only a few are left), one can truly develop themselves and have a good experience.

Cons

Once a respected firm committed to the financial services industry, Capco has decided to exit the management consulting market and enter the temporary services industry as a low-cost provider of bodies to banks and whoever is in need of cheap labor.

The firm’s leadership still markets the company to potential applicants as a place where innovation and meritocracy are fostered. While this may have been true of the old firm, in reality, Capco is continuing to drive its costs down by neglecting talent and scraping up the desperate and gullible for the associate and consultant pools.

Advice to Management

Coming into the firm at this point would be a mistake for anyone looking to develop consulting skills. In addition, the political nature of the revamped organization is truly toxic and will eventually force all semblance of professionalism out the door.

Other Employee Reviews for Capco

  1. Helpful (5)

    "OK if you need work or want to get into consulting space (but can't break into the big 4)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant in New York, NY
    Former Employee - Senior Consultant in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Decent wages, willingness to sponsor some employees for visas (not applicable to me), hours are reasonable for consulting.

    Cons

    Management treats employees like chips in a game of poker, bringing in more when work is plentiful and cutting them when business is slower. The fact that they are heavily weighted to small handful of clients contributes to this fact. There is NO clear training or growth prospects since the infrastructure is lacking as are formal processes. Most client engagements are staff-augmentation roles so that you become of temp employee of the client - not a consultant. Due to the high turnover and erratic client engagements, you WILL work on projects that are outside of your areas of specialty leading to low quality output and client dissatisfaction. Finally, unprofessional employees permeate this organization and there is no means of voicing needs regarding change.

    Advice to Management

    Remember that consulting firms watch their assets walk into and out of the door each day. Build a culture and earn organizational growth by investing in your employees' development. Act professionally when on-boarding and off-boarding employees since its a small market and you will run into them again. While I like many people with whom I worked, I will not hire Capco for as a client nor would I consider rejoining them as an employee without dramatic organizational changes.


  2. Helpful (11)

    "If your willing to deal with the downside..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant in New York, NY
    Former Employee - Senior Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Capco full-time (Less than a year)

    Pros

    Smaller firm, so less admin type of work compared to big 4. Will initially overpay to attract employees.

    Cons

    No real projects, more of a body shop. Heavily invested in GSEs, tech pmo work.
    Difficult selling to clients, therefore limited work. Partners have limited contacts.
    If you are not close to a partner you will receive very little comp.
    Lots of Bearingpoint people, the same place that went bankrupt.
    Old capco had a strong reputation.
    Lots of layoffs in 2011 due to reliance on one client.
    Promoted lots of people to roles they are not fit for.


There are newer employer reviews for Capco
There are newer employer reviews for Capco

See Most Recent

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