Allianz

  www.allianz.com
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Allianz Reviews

Updated Jul 16, 2014
All Employees Current Employees Only

3.4 96 reviews

91% Approve of the CEO

Allianz Chairman of the Board of Management Michael Diekmann

Michael Diekmann

(35 ratings)

70% of employees recommend this company to a friend

Review Highlights

Pros
  • Very good work life balance, if you're not keen to develop yourself or keep the status quo (in 17 reviews)

  • Decent salary plus very good variable pay which is up to you to make (in 5 reviews)


Cons
  • If you're a dynamic individual that knows how to leverage your skills into different areas of the business, you can easily overcome that obstacle (in 3 reviews)

  • German colleagues "seem" have an advantage over non Germans, especially when it comes to management positions (in 3 reviews)

More Highlights
12 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    God awful.

    Senior Underwriter (Current Employee) Alpharetta, GA

    ProsAbility to work remote for some. Generally pays bonus.

    ConsProduction pressure bordering on harassment. Low authority for underwriters and underwriters are lowest class of employee with do it all yourself with awful systems. Onus is on line underwriters to make up for general disorganization and poor management. Lots of set up for failure.

    Advice to Senior ManagementIf you don't already know what's wrong you are the problem.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Comp & Benefits
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    2 people found this helpful  

    Isolating environment and bureaucratic.

    Account Manager (Former Employee)

    Pros-Clean Office
    -Access to on-site gymnasium.
    -Professional environment
    -Great HR department.

    Cons-low pay, company focuses on looks (building, image), not employee salary.
    -more bureaucratic than my previous role in government.
    -Micromanagement is incredibly huge component of company structure and roles.

    Advice to Senior ManagementTrain employees and allow them to be empowered in their roles, instead of making them struggle through constant feedback and inconsistent work processes.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

    3 people found this helpful  

    Better Companies Out There

    Accountant (Former Employee) Chicago, IL

    ProsCoworkers make the company bearable; good benefits; employees that transitioned from California are knowledgeable; encourage continuing education

    ConsUpward mobility based on office politics; members of middle management were verbally abusive and management style would divide team rather than bring it together; witnessed employees take on workload of two employees as department was downsized while middle management's workload remained the same.

    Advice to Senior ManagementYour employees are your assets and should be treated as such. My experience was that the turnover rate was a direct correlation to the manager of that department. Middle management should be qualified I.e. a degree and previous management experience

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    3 people found this helpful  

    Needs to be more innovative and focus on diversity

    Underwriting (Former Employee) Chicago, IL

    ProsGlobal opportunities, strong global brand

    Cons- A global company that lacks any type of ethnic diversity in the US, particularly at the leadership level, and has no focus on diversity.
    - Needs to go to the market in a more innovative and strategic way
    - Has to figure out how to strengthen its brand in the US

    Advice to Senior ManagementCreate a diversity program.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
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    • Disapproves of CEO

    3 people found this helpful  

    terrible

    Customer Service Reprentative (Former Employee) Golden Valley, MN

    ProsThey pay a decent salary

    Consno respect, no communication, lack of honesty

    Advice to Senior Managementgrow up, treat your employees with respect and they will perform to the best of their ability

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great place to be an intern, but would not consider working there full time.

    Intern (Former Employee) Golden Valley, MN

    ProsThe pay for an intern position was a good rate. I was given a number of responsibilities on a project and was working side by side with senior employees. My input was listened to on the team and regarded well, which may not be the case typically for an intern position in a group with mostly senior employees.

    ConsThe work place environment seemed to deteriorate during the time that I was there. There was a lack of morale amongst employees which seemed mostly due to a lack of trust in the leadership. Employees seemed bitter about leadership decisions and didn't believe re-organization efforts would benefit the company or fix the root problems.

    Advice to Senior ManagementInvest time into employees so they feel included and heard even during the difficult times.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Comp & Benefits
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    • No Opinion of CEO

    1 person found this helpful  

    Didnt like it!

    Anonymous Employee (Current Employee)

    ProsTrainig was good for starting out in the industry. Most the staff was friendly until you get to management.

    ConsMuch of a 'who you know' culture. Systems were horrible and pay was below industry average.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Unfair, poor- skilled, discriminatory management

    Portfolio Manager (Former Employee) Vienna (Austria)

    ProsVery good work life balance, if you're not keen to develop yourself or keep the status quo. Could be also enhancing if you work at junior level

    ConsThe senior management lacks of vision, skills and in depth understanding for a forward looking approach. Highly unfair, discriminatory treatment at work, if you're a woman.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

    Varied

    Anonymous Employee (Former Employee)

    Pros- opportunity is not dependent on prior experience
    - learning academy has good some good training. The downside is that opportunity might be given to the select few.

    Cons- backwards in terms of technology
    - experience and job knowledge was not valued or compensated for some positions.

    Advice to Senior Management- Prior experience and having the technical knowledge is crucial for some positions. However, current hiring and salary may not be based on technical competencies for some of these positions.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Join here only if you have no better opportunity

    Manager (Current Employee) Thiruvananthapuram (India)

    ProsThe people are excellent. The front line staff is very helpful and cheerful and very hard working. The cab facility is excellent there is a good work life balance if you are part of a business division

    ConsCorporate functions is like a sweat shop. You work tirelessly without reward. HR managers are not helpful at all and have poor leadership qualities. Working for the BPO is the best as the head is a nice person, very helpful and is a strong leader as are the heads of the other business division.
    Pantry food can be better

    Advice to Senior Managementlook at the attrition rise and introspect as to the actual reasons, some of the managers hired are not upto the mark

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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