Avaloq Reviews | Glassdoor.com.au

Avaloq Reviews

Updated 4 November 2018
83 reviews

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3.9
StarStarStarStarStar
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Avaloq Group Chief Executive Officer Jürg Hunziker
Jürg Hunziker
10 Ratings

Employee Reviews

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Pros
  • "Good training and work environment" (in 9 reviews)

  • "There is a clear management focus on trying to get a good work life balance and ensuring that stress is not undermining performance" (in 5 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. "Great people, lazy company."

    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

    I worked at Avaloq full-time

    Pros

    People are very smart, hard workers.

    Cons

    Avaloq is only focused on Zurich. It has unrealistic expectations of its client-side employees.

    Advice to Management

    Fire the CEO.


  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. Helpful (2)

    "Software engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Zürich (Switzerland)
    Current Employee - Software Engineer in Zürich (Switzerland)
    Doesn't Recommend

    I have been working at Avaloq full-time (More than 3 years)

    Pros

    Package is really good
    Overtime payed or get as vacation
    Workload is not huge

    Cons

    No career prospect
    No education
    No grow strategy
    A lot of micromanagement
    Salaries not open
    No technical reviews and backwards evaluation
    Retro technologies
    Huge technological gap with state of the art
    Debatable architectural decisions
    Attitude of the people which are trying to bounce back all the problems they can

    Advice to Management

    Structure better responsibility
    Define yearly goals
    Define path of growth
    Make a product not a set of banks requirements


  4. "Nice place to work"

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

    I worked at Avaloq full-time

    Pros

    Knows how to take care of their employees
    They always consider your suggestions even if you are still new in the company
    Has work-life balance

    Cons

    Cannot think of anything right now


  5. "Very exciting projects on boarding new client"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Test Manager in Lugano (Switzerland)
    Current Employee - Senior Test Manager in Lugano (Switzerland)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Avaloq full-time

    Pros

    Learning new thing every time
    Direct contact with clients
    Experiencing new business processes

    Cons

    Tough projects
    Hard work
    Difficult balance work life


  6. "Great organization to grow with"

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

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

    Pros

    Culture of working above the line and forming collboration enables growth for everyone

    Cons

    On first few months you'll feel very overwhelmed by the technical retooling and size of the sysyem to learn; System is also not easy but is worth learning as it is very well designed


  7. Helpful (4)

    "Great company, great culture, great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Project Manager in Zürich (Switzerland)
    Current Employee - Senior Project Manager in Zürich (Switzerland)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The culture is very relaxed - there is a hierarchy, but in practice its quite flat - managers are accessible and good ideas are valued no matter where they come from. Super casual dress code - e.g. during the summer heat wave, shorts at the office are/were common. Flex-time approach to working hours. Its clear the culture has been driven by developers, making it far more innovative than one would think for a core banking software provider.

    Cons

    Some people will say that Avaloq is too chaotic, but for me it is the perfect balance between having just enough bureaucracy to provide support and structure while leaving plenty of room for choice and innovation. I.e. they offer top down help without imposing any one-size-fits-all policies.
    The critics from insideparadeplatz are simply wrong...its a great company with a bright future.

    Advice to Management

    Please don't go the way of FIS!
    By this, I mean avoid imposing top-down, one-size fits all solutions. Trust that the federalist model will succeed here the way it has for Switzerland generally. Continue to offer support and guidance from the top without imposing policies.

  8. Helpful (1)

    "challenging times ahead"

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

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

    Pros

    in the middle of a direction change could bring good opportunities

    Cons

    to much maintenance work and not so many challenging projects if you end up in wrong teams


  9. "Good place, changing"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Avaloq full-time

    Pros

    Brilliant employees, high profiles, overall good.

    Cons

    Could be better empowered, but this is changing


  10. "Great place to grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Avaloq full-time

    Pros

    Avaloq gives ample opportunity for growth

    Cons

    Management changes every year and the board members are always aligned.