Australia and New Zealand Banking

www.anz.com.au
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Australia and New Zealand Banking Reviews

Updated May 27, 2015
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Australia and New Zealand Banking CEO and Director Michael R. P. Smith
Michael R. P. Smith
19 Ratings

Pros
  • good company to work with with work life balance (in 64 reviews)

  • Less stressful work environment (in 15 reviews)

Cons
  • Senior management strategies at times (in 7 reviews)

  • No scope for career growth or learning (in 6 reviews)

More Pros and Cons

37 Employee Reviews

Sort: Popular Rating Date
  1. How to fail slowly

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Australia and New Zealand Banking

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Good Pay, lots of opportunity

    Cons

    Impossible to achieve anything quickly

    Advice to Management

    Needs a significant cultural change


  2. Helpful (1)

    Not an exciting place for people who want to learn

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Modeling Analyst in Bangalore (India)
    Current Employee - Modeling Analyst in Bangalore (India)

    I have been working at Australia and New Zealand Banking full-time (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    -Cool and relaxed work place.
    -Salary is upto market standards
    -Better work place for people who are married or want to pass time in life
    - Ideal place for people who want to relax and chill.

    Cons

    -Engagement with stakeholders is not good
    -Not very much to learn.
    -Not a place for people who want to grow and learn or showcase their talent

    Advice to Management

    Nothing


  3. Poor talent and career management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Melbourne (Australia)
    Former Employee - Senior Manager in Melbourne (Australia)

    I worked at Australia and New Zealand Banking full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Decent market rate pay. Nothing else to comment on unfortunately

    Cons

    No career planning, no performance objectives, undefined career or role responsibility. Antiquated core systems and lack of management support to seriously overhaul core platforms

    Advice to Management

    Peer comparisons of employee and talent management. Invest heavily on your people and infrastructure for the long run.


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  5. ANZ Markets Risk

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Australia and New Zealand Banking full-time

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Keen to make it in Asia. Weren't burnt too badly by GFC.

    Cons

    Lack the senior management talent or experience to play with the big guys in Asia.

    Advice to Management

    Get out of Asia. Sack anyone who has been there more than 10 years. In denial about failure of Asian growth strategy. ROE in Asia = 10%, will never improve.


  6. Ok place if you're looking for balance, but low opportunity for growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Australia and New Zealand Banking full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great people, often willing to share the load, yet the best and brightest do not stay long. Recruitment is doing something good, but retention seems lacking.

    Cons

    Large amount of senior management politics; lack of clear focus on infrastructure; manual processes

    Advice to Management

    Place your money where your mouth is - institute policies which budget for strong R&D and infrastructure development based on a percentage of revenue, and hire people to relook into policies and workflow processes to streamline and cut out manual intervention. Pool divisional resources rather than having divisions within the same country run with different infrastructure silos.


  7. Greedy and focussed only on profit

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Melbourne (Australia)
    Current Employee - Manager in Melbourne (Australia)

    I have been working at Australia and New Zealand Banking part-time (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Ability to move around the organization

    Cons

    Management have no respect or dignity for employees

    Advice to Management

    Show some respect, dignity and common humanity to employees


  8. So much change, hard to stay motivated

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Melbourne (Australia)
    Current Employee - Anonymous Employee in Melbourne (Australia)

    I have been working at Australia and New Zealand Banking

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Large employer, lots of opportunities to move if you are well connected. A few good people that I've come across.

    Cons

    It seems quite superficial, very much based on appearances and lack of discipline when it comes to outcomes. Project Management discipline is quite lax, stakeholders are generally frustrated and it's hard to build momentum with them - particularly as people get chopped and changed all the time. Very little ability to build new and improved practices.

    Advice to Management

    Develop appropriate governance frameworks, invest in development and ensure that people are well qualified for the roles they hold. It's great that you promote from within but just because someone has worked on the frontline it doesn't always make them suitable for a role in projects, particularly when they are unsupported and oversight is limited.


  9. ANZ Operations division not a rewarding place to work...at all.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Sydney (Australia)
    Former Employee - Operations Analyst in Sydney (Australia)

    I worked at Australia and New Zealand Banking full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Some access to training opportunities (external training courses)

    Cons

    Expectation to work long hours, but often with little or no overtime
    Your work is monitored/micromanaged, right to the number of tasks you complete each day
    You're likely to get a promotion if you're 'buddies' with management, not necessarily the best and brightest
    Majority of staff (I worked with) were unhappy, dissatisfied, constantly thinking about jumping ship
    Conducts employee satisfaction surveys each year, but it feels like they do little to make any progress on it


  10. Not Really Great!!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in Bangalore (India)
    Current Employee - Senior Analyst in Bangalore (India)

    I have been working at Australia and New Zealand Banking full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good growth. People are promoted based on their performance rather than recommendations.

    Cons

    - Less work life balance, will be called even on weekends and Sundays during high volumes.. And out of 12 months 8 to 9 months are of high volume period
    - getting paid way too less than what we're supposed to get paid.
    - More work less pay
    - high attrition rate due to above cons

    Advice to Management

    Just try to remove out the cons..


  11. Helpful (1)

    ANZ Fraud team

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Fraud Analyst in Melbourne (Australia)
    Former Employee - Senior Fraud Analyst in Melbourne (Australia)

    I worked at Australia and New Zealand Banking full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Nice building, high level of responsability for Senior Fraud Analyst

    Cons

    Terrible work culture, unsure of future, CEO looking to cut costs everywhere

    Advice to Management

    Stop sending jobs overseas, lacks any structure



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