AspenTech reviews

3.3

60% would recommend to a friend

(201 total reviews)
avatar

Antonio Pietri

44% approve of CEO

52% positive business outlook

Reviews by job title

201 reviews

Reviews about "Compensation"

Return to all reviews
5.0
Oct 22, 2018
Recommend
CEO approval
Business Outlook

Pros

Great company to be a part of if you are the type of person who is diligent and ultimately cares about the company’s mission. I have been with AspenTech for several years, I have had no lack of opportunity to advance my career and am thankful for those experiences, as they would be tough to find elsewhere! AspenTech is a smart company and has been around 35+ years. We are the market leader in process/asset optimization and are financially savvy – sometimes that means expenses are tight, but we are a stable company, this means no layoffs. We are entering a new phase of our life cycle as we plan to grow our revenue from $500 million to $1 billion. It is an exciting time to be part of our journey! We recently hired a new CHRO and COO to help achieve this goal. Our CEO has acknowledged the importance of culture in influencing our growth which is reassuring. The company has come a long way, I am excited to see what’s in store in the next 5 years. Pay is good, benefits are great. This past year, our CEO granted stock to the general employee population due to tax savings - this is almost unheard of in the industry.

Cons

AspenTech is not for everyone – if you are excited by the chance to be part of something great and willing to work hard, you will be successful and rewarded.

1.0
Sep 3, 2018

Backward Medieval Culture

Recommend
CEO approval
Business Outlook

Pros

Passionate employees. Relatively less political environment. (due to the fact that there is zero employee empowerment up to the VP level). Place to build up your tolerance and resilence.

Cons

By far the most draconian company that I have worked for. I am just floored by how bad this company treats its employees. Employees are made to feel like they are disposable tissue paper that can be easily discarded and cheaply replaced. Loyalty is a word that does not exist here. Every decision is made by the "invincible" man from corporate HQ, from approving the recruitment of a entry level contract worker all the way to the something really minor such as the purchase of a coffee maker in the office. The pantry in the office is barebone. You will have only coffee, tea and sugar and creamer powder. That's all you get. There is a incredible amount of control by the management executives. There is zero automony to do what is right for the customers. There is total distrust by the management and feedback from the ground is regarded with great suspicion. Approvals have to be sought on practically everything; even for expense involving a couple of hundreds of dollars. Cost is controlled so tightly that even buying customers a formal dinner has to be approved by a ridiculous rounds of several levels i.e. your direct supervisor/VP/EVP/CFO/CEO. Even the SVP cannot buy a meal for customers without getting written approvals from the CFO/CEO. Employees are made to feel like they are diving down the cliff with their legs and hands handcuffed ! Sales guys are squeezed on their commission every year but have at the same time to meet even more stringent targets and quotas that are likely to put them on the losing end. Often you will get this feeling that the company is setting you up for failure. The concept of a nuturing environment is non-existent. Dont expect to get a condolence bouquet if some members of your family passed away. Similarly when you are hospitalised or your wife has given birth to a baby. Basic gestures like this is considered as an expense that will hit the bottomline of the company. The longer you stay in this company, the deeper you will stay in the pit and lose your confidence altogether. If you are building your career and hoping to pick up and hone your management skills, you have better stay away from this company ! If however, you are in your in your 50s and have absolutely no where else to go and need to put food on the table for the family, then perhaps there is not much of a choice for you !

4.0
Aug 27, 2018
Recommend
CEO approval
Business Outlook

Pros

Great benefits finally just got better, with Aspentech recently coming more in line with tech companies offering RSU’s, a quarterly review system. Despite the negative reviews, salaries are on-par with the market just outside of Boston. Good pay. In R&D most of your coworkers are absolutely brilliant and accomplished individuals. You will feel imposter syndrome at the water cooler. Directors and lower management are top-notch, friendly, and open to feedback. Free coffee/tea/chocolate in the break rooms. Low turnover. Most people have been here 5+ years. Good interview process. Candidates meet with the team that needs them. It is a fair process because the questions asked during the interview are designed to tease out problem solving ability and personality.

Cons

For a business-casual dress-code, everybody sure dresses as if it’s all business. No doubt, the cubicle farm office environment looks like office space. Paying for lunch in the cafe. Not enough nice areas to get away from work, or work outside, or eat lunch. If you are a chemical engineer, Aspen is both a dream and a curse. You will become more of a software developer than a ChemE, and this experience won’t help you land a job in the chemical industry afterwards. Too many third party HR portals. You need to remember 10 passwords which all reset at different times, and remember where the information is in which service. It’s quite maddening. Agile-Fall development. WebEx, really?!

Viewing 139 - 141 of 201 Reviews

Glassdoor has 1,017 AspenTech reviews submitted anonymously by AspenTech employees. Read employee reviews and ratings on Glassdoor to decide if AspenTech is right for you.