Avaloq Reviews | Glassdoor.co.uk

Avaloq Reviews

Updated 24 March 2019
88 reviews

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3.9
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Avaloq Group Chief Executive Officer Jürg Hunziker
Jürg Hunziker
13 Ratings

Employee Reviews

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Pros
  • "The company tries hard to create a good work-life balance for its employees, despite the longer working hours" (in 6 reviews)

  • "Good training and work environment" (in 8 reviews)

Cons
  • "The lack of career development is an issue, as there is no clear structure for development other than into management" (in 3 reviews)

  • "Easily to give up good employees" (in 2 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great company"

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

    I have been working at Avaloq full-time (Less than a year)

    Pros

    Growing, Flexible and friendly. Overall a great place to work

    Cons

    Early stages, but no negatives


  2. "Summer Trainee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good training and work environment

    Cons

    lack of clear communication among the departments

  3. "Avaloq Edinburgh"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Edinburgh, Scotland
    Current Employee - Software Engineer in Edinburgh, Scotland
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Avaloq full-time (More than 5 years)

    Pros

    Career opportunities increasing at Edinburgh site as the numbers of staff grows. There has been a push to adopt Agile methodologies in the recent past.

    Cons

    Still a Zurich-centric organisation even though software development centres have been opened in Edinburgh and Manila. Company should be moving more jobs to these hubs to reduce the cost of production.


  4. "One of the best companies I have worked for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Edinburgh, Scotland
    Current Employee - Software Engineer in Edinburgh, Scotland
    Recommends
    Positive Outlook

    Pros

    I have worked for Avaloq for two years now. The office space is of a high quality. My colleagues are friendly, intelligent and helpful. There is a real team spirit.

    Unlike most companies, this company takes education and training seriously. You get an "allowance" for training. There is also reading circles and once a week there is a tech talk.

    The pay is the upper end of the marker, with an annual bonus. In addition there are plenty of social events.

    I would recommend anybody to apply to work for this company.

    Cons

    The subject matter (banking) is not one of the most thrilling But if you can look over that fact the work is interesting and challenging.


  5. "Very Generous"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Writer in Edinburgh, Scotland
    Current Employee - Technical Writer in Edinburgh, Scotland
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Avaloq full-time (Less than a year)

    Pros

    The company tries hard to create a good work-life balance for its employees, despite the longer working hours. With flexi-time and remote working it's easy to fit work around your schedule. The Edinburgh office is a nice place to work, with adjustable desks, lots of natural light, a roof garden, yoga, free fruit, decent coffee machines and lots of cake. In terms of spending the company is also very generous - a budget for education is allocated to each employee, there are expenses-paid trips to the Zurich office, and any initiative to improve workplace culture is given a fair hearing.
    It's not a surprise then that the Edinburgh Office is a happy place to work: everyone is friendly and helpful.

    Cons

    It's difficult to separate from the Zurich office - some things would be better in Edinburgh if more freedom was given.

    Advice to Management

    Fight for the Edinburgh office to have a little more power.


  6. "Avaloq Edinburgh a great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Edinburgh, Scotland
    Current Employee - Business Analyst in Edinburgh, Scotland
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The office environment has to be one of the biggest pluses of working for Avaloq in Edinburgh.
    There is a well appointed kitchen and dining area with the added bonus of a pool table for those who fancy a short break from their working day. Every Friday morning we have pastries delivered from a local bakery and can spend time catching up with colleagues about whatever we like. Oh, and no nasty vending machine hot drinks here! We have 2 proper coffee machines like you'd find in a coffee shop and a cupboard full of lots of different types of tea.
    The work itself is interesting and challenging with a decent degree of local autonomy. Having worked previously in the IT department of a large Scottish financial firm the work ethos here is markedly different - I feel like I am listened to with my opinion being taken seriously both locally and by colleagues in other locations. No sense of "that's nice but you HAVE to do it half that time" like I often found in my previous position.
    Once you've passed probation you can apply for a remote access token which makes it really easy to work from home on those days when you have tradesmen coming in to fix something or you need to be in for the delivery of a large item - no having to use up your annual leave just because you need to be in on a weekday for someone arriving sometime between 8am and 6pm!

    Cons

    So much cake! No seriously, if you are trying to diet you need masses of willpower to avoid the almost daily cakes and sweets arriving onsite from one colleague or another :-)


  7. "Decent"

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

    Pros

    Relaxed office, nice people, challenging work, good work/life balance

    Cons

    Complicated management structure, confusing benefit scheme

    Advice to Management

    Improve management structure

  8. "Mediocracy...at its best"

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

    Pros

    The people are friendly and do collaborate across the department.

    Cons

    - The lack of career development is an issue, as there is no clear structure for development other than into management.
    - Lack of a coherent strategy for the software development
    - Process driven organisation = minimal innovation opportunities
    - Improve the benefits


  9. Helpful (2)

    "Too Swiss centric"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Neutral Outlook
    Disapproves of CEO

    I worked at Avaloq full-time

    Pros

    Good people, Excellent product, challenging work

    Cons

    Management is too Swiss Centric


  10. Helpful (10)

    "In serious trouble, no leadership at all"

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

    Pros

    The software works when built by a good integrator
    Attempting to create a start-up marketplace (no API's the problem)
    Lots of new products (depending on the core)

    Cons

    This place is chaos, there are too many people with influence and no actual leadership
    Every delivery is a bespoke product, impossible to manage or scale
    Managing assets without a banking licence and therefore have no oversight
    The core product does not comply with European, Australian or USA standards
    Planned changes to standardise the offering have been shelved

    Advice to Management

    Stop selling the product to fill the black hole of failure and actually fix it
    Find a buyer soon before your left holding the bag and people really start asking questions
    Sell your shares and check that your pension is okay