MIG Bank Reviews | Glassdoor

MIG Bank Reviews

Updated July 2, 2017
10 reviews

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MIG Bank CEO Marc Burki
Marc Burki
1 Rating

Employee Reviews

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  1. "Great colleagues, horrible management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Developer in Neuchatel, KS
    Former Employee - Developer in Neuchatel, KS
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good pay, excellent insurance coverage.

    Cons

    Heavy politics make working nearly impossible.
    No focus.

    Advice to Management

    Focus on a medium term goal and stick to it.


  2. "Complete lack of leadership"

    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 MIG Bank full-time

    Pros

    Good salary
    Very nice colleagues
    Good atmosphere

    Cons

    Complete lack of leadership
    Members in the executive committee incompetent (especially finance) and working only for their own interest
    Unbelievable turnover rate - people hired and fired extremely quickly

    Advice to Management

    It would have been useful to have a real leadership

  3. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Back Office in Geneva (Switzerland)
    Former Employee - Back Office in Geneva (Switzerland)
    Doesn't Recommend
    Negative Outlook

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

    Pros

    nice working environment and not too much pression

    Cons

    low salaries, bad management and no corporate vision

    Advice to Management

    please realize the bank is not your house and you can't manage both of them the same way


  4. "Bad managment"

    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 MIG Bank full-time

    Pros

    High salary
    Good location
    Competitive on the market

    Cons

    Very bad management
    Overpaid for some not important things, and not paid for really important

    Advice to Management

    The bank is gone, no advises


  5. "Senior java developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Java Developer in `Ammān (Iraq)
    Former Employee - Senior Java Developer in `Ammān (Iraq)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    New and great technical experience

    Cons

    Very low stability. Very bad team work

    Advice to Management

    Try to pay attention to the mid management experience and personality


  6. "Incompetence, Cronyism, Burocracy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Sales in London, England (UK)
    Former Employee - Senior Sales in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    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 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.


  7. "Fast developing company, great potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Development Executive in Lausanne (Switzerland)
    Current Employee - Business Development Executive in Lausanne (Switzerland)
    Recommends
    Positive Outlook

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

    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 Management

    Define clear responsibilities for each and every member of management in order to increase efficiency

  8. "Very bad experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Java Developer in Amman (Jordan)
    Current Employee - Senior Java Developer in Amman (Jordan)
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    High Salary
    Good Technical experience

    Cons

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

    Advice to Management

    Enhance middle management


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

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

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

    Cons

    Family 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 Management

    Find 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


  10. "Un bon potentiel mais un manque de leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lausanne (Switzerland)
    Current Employee - Anonymous Employee in Lausanne (Switzerland)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    (Translated from English)

    Pros

    - Un salaire compétitif

    - De bonnes primes lorsque l'année est rentable

    Cons

    - Un très mauvais leadership / de très mauvaises prises de décisions

    - Une mauvaise communication

    - Un risque de mise à pied, même lorsque le rendement de l'employé est bon

    - Les relations ont un impact sur ce que l'on peut obtenir (même lorsque la performance est faible )

    - La performance au travail n'est pas toujours récompensée

    Advice to Management

    Les employés représentent ce que vous êtes comme entreprise. Rappelez-vous.