InvestCloud FAQ

All answers shown come directly from InvestCloud Reviews and are not edited or altered.

21 English questions out of 21

9 August 2019

How are the career development opportunities at InvestCloud?

Pros

Great team of people, rapid company growth, which brings good career opportunities, cool offices all over the world, not lost its entrepreneurial feel.

Cons

Happy hour should be daily not just once a week.

Great team of people, rapid company growth, which brings good career opportunities, cool offices all over the world, not lost its entrepreneurial feel.

9 August 2019

See 3 more answers

1 July 2020

What kind of career opportunities exist at InvestCloud?

Pros

Friendly managers Lots of opportunities to take initiative

Cons

Very few software engineers on the software teams, mostly fresh bootcamp grads Development scope is very limited to data transformation scripts Tech stacks are so old you have to do personal projects to not fall behind

Advice to Management

- Encourage quality over quick delivery - Hire more software engineers - Spend resources improving the codebase and tech stack rather than adding to the mess

Lots of opportunities to take initiative

1 July 2020

See answer

12 March 2019

Does there seem to be diversity at InvestCloud?

Pros

InvestCloud is very much a "Fintech Startup", and I feel as though most of those dissatisfied with the results were either not properly prepared, or properly warned. What does "Fintech Startup" mean for the pros? It means rapid expansion. It means a young, hungry workforce. It means diverse backgrounds, cultures, and experiences. It means new employees constantly joining the team. It means rapid upward mobility. It means every day you could be doing something different. It means a flat organization (for the most part). Additional Pros not included as just being part of a startup mentality: Phenomenal CEO that truly understands the people that work WITH him, and the customers he aims to serve... Awesome offices... Great benefits... Business **Casual** dress code... Everyone seems genuinely happy to be here.

Cons

"Fintech Startup" also comes with some woes, that I feel are significantly outweighed by the pros. But, here they are because you asked: Difficulty sending tasks up the ladder unless they are extremely pressing, constantly changing work dynamic due to rapid expansion, having to learn lots of new names as we keep hiring new people (this also comes with less space in the fridge.. ugh)

Advice to Management

More emphasis on communication/process streamlining, and keep following the 3 rules of WHO WE ARE.

It means diverse backgrounds, cultures, and experiences.

12 March 2019

See answer

6 November 2020

How are senior leaders perceived at InvestCloud?

Pros

None to mention, met a few nice people who share my opinion and made friends

Cons

Absolutely Crazy timelines, you are given unrealistic projects which have been pre defined by the sales teams and deadlines added with no delivery team opinion. Horrible change management! There is a large dependency on a few “experts” to change anything or implement what is sold to the client. The so called “experts” have little to no financial knowledge or understanding of technical architecture. The least you would expect them to know if how their current product works which is also not the case for many of them. So the experts don’t really have an “expertise”. If one of them goes on vacation then nothing gets done until they get back because nobody is confident enough to make a decision. Very high dependency among executives. Executives are not really executives and they are made to work on projects. This creates a very unhealthy work environment full of pressure and basically prioritisation for the project that they work on. Project teams are not set up for success, there is no escalation process. Constantly under resourced because nobody sticks around to finish a job as they are burnt out. Long hours is an everyday thing and doesn’t work if you have a personal life Management is very bad at finding these core issues, even if a lot of the employees have already brought this up to them. There is no HR, no one to take your concerns to outside of your direct superior. This creates pressure and constant disappointment Sales and project teams have no co ordination, the product is sold to clients like it is some sort of plug and play which leads the client to have unrealistic expectations which are almost never met then leading to unhappy employees, management and clients. Primitive tech stack and product that is not scalable. Back end security is almost never followed and used properly and nobody really cares unless they fail a penetration test. Limited flexibility in product enhancements and lots of push back for any changes “not the Investcloud way”. New ideas aren’t encouraged, most back end calculations are incorrect and inadequate testing has led this to be in all sorts of production environments Back end testing is a joke, release management is a non existent team releasing every week which basically allows for 2 days of testing and bug fixing for things where there is no QA team. No impact analysis done, basically a small note is written that says no impact and merged. most employees are directly out of boot camps and mostly starting. Front end dev is limited and there is almost nothing you can do using the unusable excel tool. It does create screens fast but it’s advantages are far from being worth the limitations. This is the PWP program which is more of a WordPress for building out front end screens. Front end devs are freshers and try to learn this tool which is basically useless to their career outside of Investcloud Code reviews, spec reviews, implementation opinions. A lot of people have a lot of opinions on implementation most of which ends up being wrong. This is because of a lack of knowledge retaining since there is a very high turnover ratio There is people leaving every other day and some of them I know do good work. One of the reasons is always about the crazy hours. Product is limited, could be better if they introduce new ideas. Weekend work is constant to try and make your delivery timeline meet. You basically cannot take any holidays or sick leaves because there is no other resources. Product is either generally undersold to clients or the management is cheap which creates a very small budget for Project Managers and they are unable to manage the resources or afford any more people. The compensation and benefits are too low for the effort.

Advice to Management

None

Very high dependency among executives.

6 November 2020

See 1 more answer

15 September 2020

How is management perceived at InvestCloud?

Pros

The Investcloud P-tier role is how folks with no tech experience (or even a college degree) can get into a high growth fintech company. Good for dev bootcamp grads to work like a developer, without needing to code. - Interesting people/fun happy hours - Awesome office in the PDC/heart of west hollywood - Good benefits Career advice: - Most software used for delivery is in-house, so getting good at it doesn't help your career, i.e. no recruiter will care about your Test Harness experience. Use your time to understand the technicalities of the data warehouse, and build a good relationship with BAs and I-Tier (data) developers to learn the data tables and financial/wealth management terms as a way to bolster your resume and gain actionable experience. - Try your best to switch from P-Tier to I-Tier (if you want to code) or BA (if you don't want to code) as soon as possible. Try to make the switch after 1 year in, because there's no meaningful career/income growth staying in P-tier

Cons

The management is inclusive, married to each other (literally and figuratively), and cares little for anyone outside of their circle. There's no criticisms allowed of management, their bs salary negotiations, or their extreme hypocrisy of blaming teams for not getting things done despite providing little to no support. They use "governance calls" to force you to work nonstop. Everything in the LA office has to be discussed with a handful of people who are mega swamped & never have time unless the project is blatantly failing, and only then will they step in. This happens a lot. - Management sets insane & unreasonable deadlines for client implementations that inevitably get blown. Then they blame the project manager & team, which has limited resources & has already been overworking 6-7 days/nights for weeks on end. No overtime pay either! - LA client implementations are bigtime custom delivery projects and often require a brand new portal, new types of apps, mobile/SDK/services enhancements. These things drag on forever and *never* work the first time or 2nd time, and it's never accounted for when setting the roadmap! Execs blame the PM and PMs blame the P-Tiers, never ending cycle.

Advice to Management

Hire proven technical managers that you intend to keep for at least 2+ years without firing them or overworking them to quit, & reward all well performing employees financially, not just your Favs. The failures of delivery teams is a direct result of the management expecting implementations to be ready to rolled out quick when in reality nothing is ever done on time. The SDK team is small and swamped 24/7! For p-tiers, fix the build servers, why do they fail so much? So many things are out of the hands of P-tiers and yet they are blamed for everything.

The management is inclusive, married to each other (literally and figuratively), and cares little for anyone outside of their circle.

15 September 2020

See 12 more answers
  • 1
  • 2
  • 3
  • 4
  • 5

21 English questions out of 21