Scalable Capital Reviews

3.7

52% would recommend to a friend

(69 total reviews)
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Erik Podzuweit and Florian Prucker

57% approve of CEO

63% positive business outlook

Scalable Capital has an employee rating of 3.7 out of 5 stars, based on 69 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Scalable Capital employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

69 reviews
2.0
12 Nov 2019

Upper management needs to improve

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Really nice and smart colleagues, interesting products, a market leader in digital wealth management in Europe.

Cons

It seems that the goal for upper management is to grow as fast as possible and then sell the company to the highest bidder. This mindset means there is no interest in improving the environment for employees, toxic employees are not punished as long as they are good performers, there is no vision or strategic goals shared with employees, which makes it very hard to know what features and products to build, there is no interest in customers problems and opinions, products and features are decided by upper management subjective opinions, a culture of blaming - upper management never accepts blame for their mistakes and instead lash out on weaker employees , which means everyone tries to save themselves than admitting their mistakes.

3.0
13 Sept 2023
Recommend
CEO approval
Business outlook

Pros

- Top-notch code quality and documentation. I have never seen anything of this level. The code quality culture is in the DNA that was built by the current VP of engineering. - Great software engineers. I have interacted with almost every engineer in the company and always had a great experience. - Recurring 1:1 meetings with the direct manager, which help to discuss both the good and bad things continuously.

Cons

- I have a feeling that some heads of engineering are not a cultural fit for the company. I personally had a bad experience with mine that I felt was borderline discriminatory. I have heard from other colleagues who had a similar experience. I had a case where another head of engineering vetoed the hiring of a perfectly good candidate just because the candidate had never heard of some niche terminology. - I feel like either HR doesn't have any power in the company or is incompetent. I reported the discrimination I felt from the Head of Engineering to HR, but no action was taken, and the person is still working in the company. I had several other bad experiences with HR too, where a simple problem was solved only after escalating it through upper management. They once sent a hoodie with the company branding without asking for anyone's size. Of course, many people received the wrong size and had to return or donate the hoodie they received. -I feel like the C-level executives are always hiding the truth from the company. This happened when there was a data leak, when the company couldn't raise investment, and during layoffs. They have never explained what is going on. When layoffs happened, we didn't even know who had left and who was still working. The person with whom you were solving a problem yesterday was suddenly removed from everywhere, and you'd find out about it from their corporate chat account being disabled. - Introducing a new tool became a huge challenge. It might take months to introduce a new tool. You'd need to convince plenty of people who will never even use the tool just to get things approved. It's also difficult to introduce a new library into the code. I think all of this will significantly hinder the tech stack's progress over time. - Salaries are below the market avarage. When trying to negotiate it they try to lowball your achievements. - There is no company benefit except the free Prime Broker account. The upper management explains it as "We'd rather have high salaries than benefits". But they don't even have avarage market salaries as I wrote above.

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Scalable Capital Response
2y
Dear evaluator, Thank you for your review and for taking the time to share your feedback. We are pleased to see that you have made good experiences with the topics of work-life-balance, diversity and inclusion and culture at Scalable. Also, it is great to hear that you called out the high code quality and documentation. We are sorry to hear that you have felt a lack of communication and support during your time with Scalable. We’d like to foster a culture of open feedback and therefore hope that you’ve also shared the feedback directly to help your former colleagues to grow. We wish you all the best for your future career! Kind regards, Sabrina
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Glassdoor has 157 Scalable Capital reviews submitted anonymously by Scalable Capital employees. Read employee reviews and ratings on Glassdoor to decide if Scalable Capital is right for you.