Capco Consulting
Obviously, we all would like to get into a MBB but reality is that some of us will be left with the lower tiered firms.
Capco is an interesting name that I have heard about but now seems to be creeping up as a more "brand name" in the consulting world. I've done my research on the site and don't see much RECENT information on the company.
Anyone have any insight into the company, is it a good fit, do you learn or just a body, compare them to the Accentures or Deloittes of the world.
Capco NYC Consultant Job
Capco is a relatively new consultant firm with a focus on IT systems and financial compliance consulting. While our users noted that the firm is an okay place to work at - it does not have the same prestige league as MBB or the Deloitte and PWC level firms. If you have an offer from one of those firms, you should take it over a Capco offer due to pay and prestige.
I work at Capco so I can provide some insight.Capco is a IT firm pain and simple, its strategy work has all but dried up. Don't be fooled by the website or any recruiter who tells otherwise. Simply put, if you have an offer with a bigger consulting firm, take it. Capco is a body shop, the quality of projects is downright disgusting and the quality of employees is worse. Your skills and experience will rarely align with the projects you work on, professional development is non-existent, and the domains (Capital Markets, Technology, Banking, etc) don't mean a thing. You get plugged into wherever there's revenue regardless of your skill sets.
Most importantly, turn-over is bad. If you find someone that's been with the company for a year, then shake his/her hand because that's an achievement in itself.
Like I said before, if you have an opportunity with a bonafide FO consulting firm, then take it. Otherwise, you're better off at Deloitte, PwC, etc. At least there's structure to promotions and professional development, but most importantly boundaries to the work you do and quality projects.
I hear that Capco has def grown in the past couple of years. Seems a majority of their work is done in the IT project management space for Financial Services firms.They seem to pay well if you have the experience but I’ve also heard they are very cheap...I’ve done research on people who work at Capco on LinkedIn and it seems that people only stay there for an average of 10months than move on to the bigger firms. Maybe a very good stepping stone in consulting.
Capco is nowhere near as respected as Accenture or Deloitte, but they are relatively young and are improving. I know a few Big 4 guys that moved to Capco so they didn't have to travel (mostly FI work). They are known mostly for IT systems and process and financial compliance consulting.
However, user @nyclondon" shared a different opinion:
Former Accenture here and know a few former Accentures now Capco working on strategic growth initiatives in retail banking in Europe. Also have a friend using Capco to re-structure back office operations (investment bank). From a client perspective, you go with Capco if you want to genuinely change your business. You go with the others if you need to meet a requirement, bare bones.Risk and IT from what I gather is a very small part of what they do (and actually a bit of a surprise). From the quality of people I have seen of late, much better than the Accentures running around. I would see Capco more on par with Oliver Wyman (out of box thinking with ability to ensure it gets delivered), while Accenture, E&Y and like are more project managers and Red Amber Green people. I would recommend giving them a shot.
You can learn more about Capco through a video on their corporate website.
You can also learn more through going to the WSO Company Database.
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I am quite interested as well. Would appreciate if anyone can share their knowledge
Capco is nowhere near as respected as Accenture or Deloitte, but they are relatively young and are improving. I know a few Big 4 guys that moved to Capco so they didn't have to travel (mostly FI work). They are known mostly for IT systems and process and financial compliance consulting. The guys I know are in FI and they advise on mostly compliance and risk management issues, but do offer some portfolio review and strategic advisory services as well.
It depends on what type of financial consulting you want to do, but they aren't on the same level for financial matters as Alvarez & Marasal or FTI.
Disagree with peinvestor2012. Former Accenture here and know a few former Accentures now Capco working on strategic growth initiatives in retail banking in Europe. Also have a friend using Capco to re-structure back office operations (investment bank). From a client perspective, you go with Capco if you want to genuinely change your business. You go with the others if you need to meet a requirement, bare bones.
Risk and IT from what I gather is a very small part of what they do (and actually a bit of a surprise). From the quality of people I have seen of late, much better than the Accentures running around. I would see Capco more on par with Oliver Wyman (out of box thinking with ability to ensure it gets delivered), while Accenture, E&Y and like are more project managers and Red Amber Green people. I would recommend giving them a shot.
Accenture is an extreamly big company with ten of thousands of employee but the Management consulting division often has to play against Mckinsey, BCG and other top consulting companies and win some of those deals to continue doing consulting. On the other side I have never heard of Capco before in my geography which means that its presence as a worldwide consulting company is limited. And you are mistaken if you think Accenture is not capable of beating Mckinsey or OW, it does, and more times that what you would believe.
To the author, Capco does not operate in my geography I don´t know them, but that doesn´t mean they could not be extreamly good at what they do.
I suggest you read their website and look at the team then. I know two people that work there.
Some? Hah, try 90% of the people here. They just stop posting. That's why most of the people around this sub forum have under 50 posts.
I guess the two you know represent the whole company :) . I asked a key leader in the firm and here is what I got back: Risk and IT are part of their practice, but Risk is more part of their practice in Europe, and IT more in the US though they offer all globally. They are heavy Capital Markets back office but growing very fast in Retail Banking and Wealth (both customer facing and back office). Each office has its own culture and vibe so ask to meet people in the office to see if it works for you.
You realize that much of the back office work done is either for IT or risk, right? They improve or automate processes and flows for capital markets, but also advise on risk-related and compliance-related aspects, particularly for retail and commercial banks.
One of the guys I know is in IT implementation and the other is in banking (retail/commercial, not capital markets) compliance.
Any updated info on the firm?
gvp1989 works for them and should be able to help us out. I'm curious as to what the travel requirements are like?
I have a friend who works there currently and learned a bit about what he does and what the company is like. I'm a post-undergrad in a non-consulting field. while I may not know the detailed aspects you might be looking for, it was very informative to learn about their expertise vs competitors and how the recruiting process works. He is a mid-level 'project manager' (can't pull up linkedin right now) and had no prior experience in consulting. He also shared what they look for in entry level. All tied to specific projects he's worked on in his ~3 years there. I figure any tips and color would help you. PM me any Qs.
Edit: quote
I hear that Capco has def grown in the past couple of years. Seems a majority of their work is done in the IT project management space for Financial Services firms. They have ramped up their hiring dramatically in the past couple months. (Interview days literally every week since December.) I'm assuming they have sold a lot of work in the pipeline but I am curious as to how they will sustain this and what happens if you are sitting on the bench too long....will you get laid off? is there enough of "fluff" work --white papers, championing networking events, etc. -- to go around since the firm is so small. They seem to pay well if you have the experience but Ive also heard they are very cheap, maybe because of all the hiring...Ive done research on people who work at Capco on LinkedIn and it seems that people only stay there for an average of 10months than move on to the bigger firms. Maybe a very good stepping stone in consulting.
bump
I sent a few PMs, looking for any and all knowledge, I'm interviewing very soon and just don't feel I have enough info
i'm interested as well but cannot pm. please pm me if possible for further contact info. thanks a lot
If you can't PM, it would probably be easier just to post and get your 10 banana points. Then PM them.
Let us know about your interview. Did you apply online?
I work at Capco so I can provide some insight.
Capco is a IT firm pain and simple, its strategy work has all but dried up. Don't be fooled by the website or any recruiter who tells otherwise. Simply put, if you have an offer with a bigger consulting firm, take it. Capco is a body shop, the quality of projects is downright disgusting and the quality of employees is worse. Your skills and experience will rarely align with the projects you work on, professional development is non existent, and the domains (Capital Markets, Technology, Banking, etc) don't mean a thing. You get plugged into wherever there's revenue regardless of your skill sets.
Most importantly, turn over is bad. If you find someone that's been with the company for a year, then shake his/her hand because that's an achievement in itself.
wow is it that bad? I was looking at the website and was really impressed by it. Looks like they put a lot of efforts into recruiting. But I guess from what you are saying that isnt the case
I must admit I was snookered into it by the website and conversations with recruiting. Like I said before, if you have an opportunity with a bonafide FO consulting firm, then take it. Otherwise, you're better off at Deloitte, PwC, etc. At least there's structure to promotions and professional development, but most importantly boundaries to the work you do and quality projects. At Capco, there's none of that. You could be in the Capital Markets "domain" and work on a IT implementation. In conclusion, Capco is a body shop and most of the projects are staff augmentation. You aren't consulting on anything especially a strategy.
Only person I know who went to Capco did so cause he couldn't get promoted in his firm. Left for another job soon after.
Worked there for 9 months out of school, was gullible to buy into the hype. Purely staff aug roles and dry pipeline, was fortunate enough to leverage contacts at the BB I interned with and joined as an analyst
Whoever worked at capco: what domains did you work you in? What are your tips for mid year review?
Mhmm, these guys contacted me a while back. It took them over a month and a half after they brought me in, but they were really nice. They had made me an offer but I was already working. It was really hard but I had to turn them down. Now I regret it because the extra money wouldn't have been too bad but all the negative reviews on Glassdoor really made the place seem terrible (their rating dropped to a 2.9 at one point). For those of you who have worked for them, what can you say about the travel expenses/compensation?
Bump! Someone, anyone? I noticed their rating dropped down to a 2.9 on glassdoor. In seems like each week, it dips lower. Maybe that speaks for itself.
Body shop and high turnover. Avoid at all costs unless you're unemployed and/or need a Visa.
It's even worse when you have numerous "secret" Capco WSO members who are asking me for advice to leave the firm.
I've been interviewing at Capco for the past few weeks and have my super day coming up. Any advice on how to nail it?
bump - anyone have new thoughts on Capco? They seem to be hiring like crazy. Are the salaries at the consultant and senior consultant level accurate on glassdoor?
...
Pretty much Staff-Aug, but the Big 4, Accenture and IBM follow a similar model with their financial consulting group, albeit the work might be better more interesting than Capco and the possibility of internal transfer for better group.
Capco (Originally Posted: 09/22/2011)
Anyone have anything to say on the company? Are they well respected within the industry? Any help would be appreciated...
34 in operations consulting on vault and the website looks awesome...lol soooo insightful huh?
Yes, niche FS consulting firm that is actually quite well respected. You'd better enjoy their core areas, though - strat work etc. will still go to MBB, with Capco doing what they're good at in conjunction.
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