Disorganized, old tech stack, too many manual tasks, bad inter-company competition
Pros
Very stable company. No overtimes, no weekend work (unless there is a deployment to prod)
Cons
Of all things, this is a finance company and not a tech company. So, business priorities always have precedence. The tech stack was built 20 years ago, and it has not gone through a major overhaul. The company very recently switched to Java 8 (from 6), is still using subversion for VC, and all the libraries are all in-house developed. The senior developers have no idea what the rest of the world is using. So, after working here, it will be very hard to transfer your knowledge somewhere else. If you are interested in cloud computing, containers, docker, Git, any front-end techs, you are out of luck here. The IT team and the developers are seen as a cost-center and the business/projects team are seen as profit-centers. The business team receives hefty paychecks and quarterly bonuses, while the developers receive pathethic bonuses. All the developers are siloed on the lower floor, with very limited interaction with the business teams. As a developer, you work with no specs, no analysis, and self-tests, and of course you fail. There are many tasks that should be automated, but are done manually. The churn rate is very high and many people are constantly leaving the company. So the company always needs new, fresh blood. The business model is not maintainable with many senior developers leaving the company. The performance review meetings are a joke, where you only receive crticisism and no useful feedback. The management, team leaders and managers have no clue what is going on in the company as there is no feedback mechanism where people are free to voice their opinions. This results in grumpy employees who whisper by the water cooler or the lounge area. The entire IT team is all-males, Germans being in the tiny minority. Many Indians, Pakistanis and Slavic people with their work visas tied to the company are the only ones who can endure the pain. And they leave as soon as they receive their perm residence in the country.