Be careful of the "no jerk" policy not being adhered to - Specialised Finance Absa Capital Employee Review

1.0
Jul 21, 2014
Recommend
CEO approval
Business outlook

Pros

Well known brand. Investment Banking experience.

Cons

Incompetent and rude management (and nothing being done about them), staff being hired and fired at will, sweating of staff as a resource (under staffed), arrogant environment where back stabbing is accepted, clock watching, spending less than 14 hours a day at the office is frowned upon. Management believes money can fix everything - treat employees unfairly and make promises of large bonuses then it is OK. Days of large bonuses are gone but abuse of employees will remain a reality at this institution.

Explore other reviews about Absa Capital

2.0
Aug 28, 2024
Recommend
CEO approval
Business outlook

Pros

Status and having a job

Cons

Long hours , very awful experience, so much frustration due to the infrastructure being held together by manual processes (duct tape). Handover of processes done badly so generally won't know what's going on. High attrition rate, Due to a compensation system that incentivizes senior management to cost cut and claim a bonus at the expense of sustaining the business or any actual innovation. Bad for your mental health and morale.

4.0
Sep 24, 2024
Anonymous intern
Recommend
CEO approval
Business outlook

Pros

Great experience at the bank.

Cons

Politics and networks in the business

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