Lab49 Reviews | Glassdoor.co.in

Lab49 Reviews

Updated 5 Jan 2020

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3.2
59%
Recommend to a Friend
59%
Approve of CEO
Lab49 CEO Luke Flemmer
Luke Flemmer
54 Ratings
Pros
  • "Extremely smart people, lots of innovation(in 10 reviews)

  • "Good work-life balance with WFH days, relaxed hours, team lunches and events and good trust between staff and management(in 7 reviews)

Cons
  • "Senior management team mostly work from home which leads to a lack of direction and an empty office(in 15 reviews)

  • "Limited to finance industry, therefore not as many potential clients as a general consultancy would have(in 5 reviews)

More Pros and Cons
  1. Helpful (7)

    "Great opportunity for someone looking to have a significant part in company growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Consultant in Sydney
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lab49 full-time for less than a year

    Pros

    - In a fast growth phase - Teams work collaboratively, even globally which is impressive given the different time zones - Friendly environment - Good culture: monthly lunches, drinks, afternoon teas for Birthdays, activities - No micromanagement and flexibility to make your role your own - Flexible working hours, working from home - Free fruit, drinks and snacks - Great office location - Office mixed with other ION Group company employees so diverse and good for networking

    Cons

    - Sydney office is still in a "start-up" mode which means it is less structured than other offices and in some areas it is still finding its feet

    Continue reading
    Lab492020-01-06
  2. Helpful (6)

    "Forward thinking and professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Lead Product Designer in Sydney
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lab49 full-time for less than a year

    Pros

    A great, if rather small, team of like-minded professionals dedicated to delivering brilliant products to FM clients. Fantastic offices in the centre of Sydney Good work-life balance with WFH days, relaxed hours, team lunches and events and good trust between staff and management Large well-known clients who are open to building great experiences

    Cons

    Office can feel a bit empty some days Financial markets clients are not always the most forward-thinking in terms of design and UX

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    Lab492020-01-06
  3. Helpful (1)

    "Exciting Times"

    StarStarStarStarStar
    Current Employee - Consultant 

    I have been working at Lab49 full-time

    Pros

    Its current small base means real opportunities for growth with inspirational new team being formed

    Cons

    In short term theres a somewhat toxic atmosphere where boorish old guard behave more and more badly as new boss brings in his own people

    Continue reading
    Lab492019-12-20
  4. Helpful (1)

    "Great place to work on various projects in different environments and learn a ton"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Engineer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Lab49 full-time for more than a year

    Pros

    You will be around some of the smartest people you've ever worked with. The expertise of every team here is unparalleled. While every project is different, you will be generally implementing the best and most current tech using best practices. Due to the nature of consulting, you will get a feel for different environments and will have the experience of various projects under your belt. You won't get siloed into supporting a small part of a system for the rest of your career. You'll also have many opportunities to go across the stack and learn things you are unfamiliar with. This was definitely the job to take my career to the next level. I learned way more here in a shorter period of time than at any previous role.

    Cons

    The work is mainly in the finance/fintech space, so that may be a turn-off to some people (however there is obviously tons of room for innovation in that space). Issues typical to consulting: - constantly-shifting teams - having to work around some environments with old or proprietary tech (sometimes this is unavoidable) - difficult to have a cohesive engineering culture when most people are frequently deployed to client sites (this is changing, though, as there are more events and the engineering team is having regular meetings, tech talks, etc)

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    Lab492019-11-10
  5. Helpful (1)

    "Great people to work with"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lab49 full-time for less than a year

    Pros

    The people are the best reason to be at Lab49. Everyone in engineering is so passionate about what they do. Everyone is always open to collaboration and eager to learn. Lab49 is where I've learned the most the fastest. I've enjoyed the Lab49 quality standard that (most of the time) is upheld.

    Cons

    Communication from senior management is not a good as it could be. The town halls are great, but more could be done. It's a shame the performance review and bonus process take so long into the year, but I believe it's the fault of the parent company, not Lab49.

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    Lab492019-11-06
  6. Helpful (1)

    "Lab49 is an incredible place to grow & development, great team & management, interesting work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Consultant in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lab49 full-time for more than a year

    Pros

    Great place to grow- projects are constantly changing to keep up with newest tech trends so you are always learning new skills Head of EMEA is a great leader and has set an inspiring vision for the team Nice team which is very collaborative management makes time for all employees Business is growing a lot which is very exciting- lots of room to move up Flexibility to work remotely on occasion if needed CEO and Founder is very smart and well respected in the industry

    Cons

    No cons- though there is lots of work so if you are lazy and do not like to work hard and learn, Lab49 is not for you!

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    Lab492019-11-05
  7. Helpful (4)

    "Stay away or get ready for the flood"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lab49 full-time for more than a year

    Pros

    Decent resume builder / breadth of experience in different topics. Some good people left. Benefits aren't bad. Seem to have some good people in London and DC. Everything seems easy after working at Lab49.

    Cons

    Bonuses scheduled to be paid in April, actually paid between June - Nov even though you read online that the global CEO pays himself 9 digits a year as he buys more and more companies. Company sells itself as doing attractive front office projects with great design but banks don't actually outsource that kind of work. Hero culture where you are asked to work weekends to deliver on some unrealistic deadline instead of good management and setting projects up for success. NY culture is toxic, especially heads of strategy and project management who are verbally insulting. They seem to get it that way from the CEO and then quickly pass the buck. No support system for training / learning and development even though you get graded on it at eval time. CEO actively avoids having to interact with the proletariat staff. Low-ball all the offers and you have to fight annually for market pay directly with the lab CEO. It seems like the positive Glassdoor reviews are written by a select group of new people that management is trying to isolate and treat well and encourage to write glassdoor reviews for the sole purpose of saving their rating.

    Lab492019-12-03
  8. "A great company, team and portfolio of clients"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Data Consultant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lab49 full-time for less than a year

    Pros

    Lab49 went through a transition and has been expanding it's team and projects exponentially Very smart people and a dedicated management team Clients are top tier 1 investment banks, asset management firms, retail banks and other financial services institutions Great career growth opportunities and a lot of autonomy Plenty of learning opportunities and very interesting and challenging initiatives

    Cons

    The snack could be healthier

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    Lab492019-09-22
  9. Helpful (5)

    "To be avoided"

    StarStarStarStarStar
    Current Employee - Software Developer 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Lab49 full-time for more than a year

    Pros

    Lots of benchtime and dead projects so plenty of free time.

    Cons

    - Bullying culture - asked to work weekends to meet unattainable deadline on failing project. - Backwards culture - tech lead: "why do you guys always go on about refactoring?"

    Lab492019-10-07
  10. Helpful (7)

    "Body shop"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Software Engineer 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lab49 full-time

    Pros

    Financial consultancy but no real finance knowledge required on front end as most of your time will be spent working out how to make off-the-shelf grid and chart libraries work like the radically different UX designs.

    Cons

    People leave without handover as they are made to keep their resignations secret.

    Continue reading
    Lab492019-09-27
Found 100 reviews