MGIC Investment

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  mtg.mgic.com

MGIC Investment Reviews

19 Reviews
3.5
19 Reviews
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MGIC Investment Chairman and CEO Curt S. Culver
Curt S. Culver
13 Ratings

3 Employee Reviews Back to all reviews

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  1.  

    Lacked career advancement opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Specialist in Troy, MI
    Former Employee - Customer Service Specialist in Troy, MI

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    Easy work for great pay. Overall a good group of co workers. Close to home. Good area to work in.

    Cons

    No room for advancement. Waited 10 years to be trained as an underwriter and it never came to fruition. They would hire external people to fill internal positions. Management were all biding their time until they retired. They did not listen to employee concerns. Fostered a "just be lucky you have a job" attitude amongst all employees.

    Advice to ManagementAdvice

    Listen to employee concerns. Give them a chance to prove themselves worthy of more responsiblity.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    hmmmmm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Milwaukee, WI
    Former Employee - Anonymous Employee in Milwaukee, WI

    I worked at MGIC Investment

    Pros

    The pay was above average, the benefits are outstanding, and work/life balance was great as pretty much everyone leaves by 5:30.

    Cons

    Raises were either not enough to keep up with inflation or non-existant. Management is short-sighted (i.e. concerned with the next quarter while ignoring long-term consequences) and communication from management was not entirely complete.

    Advice to ManagementAdvice

    Improve communication to the employees about what is truly going on within the business. If things are bad then be honest with the employees. Don't send out "warm & fuzzy" emails that simply aim to make everyone feel better.

    Hold management and middle management accountable for their decisions.

    Doesn't Recommend
    Disapproves of CEO
  3.  

    MGIC WAS a good company!!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Business Analyst in Milwaukee, WI
    Former Employee - Senior Business Analyst in Milwaukee, WI

    I worked at MGIC Investment

    Pros

    The pay is great...providing you negotiate heavily coming in. Raises are low so make sure you get the cash upfront. The fitness center is really nice and the location is great. The key is to get on a good team.

    Cons

    Senior management is a joke. They promote people to management because they are good at their job not because they would make a good manager. A great programmer does NOT equal a great IT manager. I was unable to negotiate for additional vacation time so I went from 25 days down to 10 days. Parking is $7 per day in the public garage. MGIC parking garage has a 16 year waiting list. The guy next in line was on the list since 1992.

    Advice to ManagementAdvice

    If you ask employees to rate their managers, listen to that feedback. If a team has 50% turnover 2 years in a row, maybe it's the manager????

    Doesn't Recommend
    Disapproves of CEO

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