Company: Oracle
Date: 2015-10-13
Overall rating: 3/5
Employment status: current
Experience level: Junior

Think and judge before you Join!!!
Pros: I am working with Oracle for almost an year now, into Flexcube Consulting Division.
For me, working with OFSS (oracle Financial Services Software ltd.) is not upto the mark what i assumed before joining here.
few Pointers which I would like to highlight:

1. will find many veterans serving the company for 10, 15 and even 25 years too, and don't foresee to move anywhere else and mayn't be preferred by few employers due to change adaptation issues.
2. people here from i-flex time (before Oracle took over), and now they know in-out of flexcube and happy to stay. If you gather similar experience in another 3-4 years would enjoy staying. but I prefer to move fast with market.
3. Job security is very high, and almost null chances you will be fired.
4. Anyone joins will be able to sharpen a lot in banking processes and will be a great learning indeed.
5. People who like to stay low and just want job security with same salary for years and no pain on unbalanced work life... Can join.
Cons: Few genuine Cons I would like to highlight:

1. Onsite travel is almost reduced except some alien African regions you will be pushed to travel. Other regions already a long queue is waiting to travel and if you join any soon will have to wait min. 2-3 years to get a chance.
2. Onsite travel is done on actual, so any though of saving with per-dimes is totally out now.
3. Work life balance is quite negative, especially when the Flexcube deliverable are not matching with clients expectations and you have to really slog for hours and every weekend w/o any comp-off for months. This is not only for my team but applies to almost every regional team.
4. No Pay hike for many years and even if that happens would not be more than 10% in every 2-3 years. So judge whats average growth per year.
5. Bonus people may get 80 to full, twice a year in pro-rated value, provided you are fully mapped into any project for 365 days else if in bench or resource pool then may get just 20% of your variables.
6. no matter how smart you are, from where you have come in, how good in certain skills you are... you are bound to work the way its been working for ages and no skill developments.
7. HR dept, sorry but I hope it exists.
8. I am not unhappy with OFSS, rather the reason I might move on, is because I don't see any future in a long run, where industry demands more varied experience, and only my flexcube experience is not going to run the miles for me anymore, as market has now many competitive Core banking applications other than Flexcube, like Finacle, Temenos, Bancs, SAP etc.
9. the most important, this is not a flat organization. So if you are not accustomed to say Sir & Madam then keep away, else never know whose egoistic emotions get hurt badly.