Allianz Reviews

Updated September 17, 2014
Updated September 17, 2014
100 Reviews
3.6
100 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Allianz Chairman of the Board of Management Michael Diekmann
Michael Diekmann
38 Ratings

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

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Finance BI Intern

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

    I worked at Allianz as an intern for less than a year

    Pros

    - Provides a good knowledge of insurance market
    - Currently having a deep digital transformation

    Cons

    - Former french AGF culture : highly hierarchical and political environment
    - Work atmosphere highly affected by IT issues regarding both ops and change management

    Doesn't Recommend
    Positive Outlook
  2. 1 person found this helpful  

    Good Company, but direction trending down.

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

    I have been working at Allianz full-time for more than 5 years

    Pros

    Flexible. Bonus based on specific, measureable performance factors. Very experienced personnel.

    Cons

    Market Management has a growing influence & they do not contribute to the bottom line. Growing the layers of management, used to be more stream-lined company.

    Advice to ManagementAdvice

    Cut back on Market Management to limit expenses. Cut out layers of managers.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    senior

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

    I worked at Allianz

    Pros

    reputable organization and starting salaries are decent

    Cons

    growth opportunities are somewhat limited

  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 2 people found this helpful  

    Great firm, poor leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Vice President  in  New York, NY
    Current Employee - Senior Vice President in New York, NY

    I have been working at Allianz full-time for more than 5 years

    Pros

    Conscientious, sincere, very warm employees

    Cons

    Management didn't delegate or share authority enough

    Advice to ManagementAdvice

    Work as a a team

    Negative Outlook
  6. 3 people found this helpful  

    Better Companies Out There

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Accountant  in  Chicago, IL
    Former Employee - Accountant in Chicago, IL

    I worked at Allianz full-time

    Pros

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

    Cons

    Upward 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 ManagementAdvice

    Your 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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Even Steven

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Technician  in  Chicago, IL
    Current Employee - Account Technician in Chicago, IL

    I have been working at Allianz full-time for more than 3 years

    Pros

    -Great Benefits
    -People make the company
    -Good work/life balence
    -Fair in their assessments

    Cons

    -Hard to move / Constant hiring freezes
    -Strict budgets lead to cut backs
    -Leadership unwilling to listen
    -Pay not a good as it could be

    Advice to ManagementAdvice

    Listen to what your workers have to say and deliver when you say you will. Better explanations with company direction. Invest in IT infrastructure to make workers more productive.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Great Company, Department needs improvement...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Annuity New Business Case Manager  in  Golden Valley, MN
    Former Employee - Annuity New Business Case Manager in Golden Valley, MN

    I worked at Allianz full-time for more than a year

    Pros

    The Company itself was great, great benefits, great cafeterias (choice of two), great training and self improvement opportunities.

    Cons

    The particular department I was in or the company, I'm not sure which...promoted people without degrees because it was cheaper. Advanced degrees and outside the company work experience were not recognized for promotions. This may sound as if I was passed up for a promotion...but I wasn't I never applied for anything as nothing of interest to me was posted. Hiring is on the downward slide due to poor annuity business. In the 2 years I was there, I had 3 managers, none had previous management experience or degrees. This lead to poor management, immaturity and teams without direction.

    Advice to ManagementAdvice

    Less meetings and special projects for management so that they can address personnel issues and training. Don't delegate personnel issues to team members without the experience or education to mentor others. Hire project management specialists to run projects rather than management that should be managing employees and the department.

    Recommends
    Negative Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Don't work for this company, at least not in the US.

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

    I worked at Allianz full-time for more than 8 years

    Pros

    The company in the US finally has a vision that positions the lines of businesses to go to market as a single entity.

    Cons

    **Poor systems and overall IT infrastructure
    **Some managers are incompetent and shouldn't be managing people. In certain circumstances, they have an "in" with the good ol boys" club, allowing them to be managers

    Advice to ManagementAdvice

    Get rid of the good ol' boys club and position people based on their true skills. The current set up cab be demoralizing and zap employees' energy.

    Doesn't Recommend
    Neutral Outlook
  10. 5 people found this helpful  

    Never know when your through

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

    I worked at Allianz as a contractor for more than a year

    Pros

    Decent salary. Nice building. Gym is fantastic, nice but expensive dining facilities. Child care is also nice but expensive

    Cons

    Overall, it was a horrible working experience. Zero chance for growth or even a raise if your there under 5 years. Automatically hired on as a temp, so your basically their slave. As a temp, you seldom get work reviews, if ever. Then, with no notice, they can and frequently do fire you, and don't let you get back your personal belongings. Management is rude. Impossible to contact people in HR. completely unrealistic expectations of their employees. How they get onto Forbes top 100 places to work is beyond me and everyone else that works there!

    Advice to ManagementAdvice

    Lose the temp agencies, treat your employees like humans, and open your eyes to the world around you

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    An authentic experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources Manager  in  Minneapolis, MN
    Current Employee - Human Resources Manager in Minneapolis, MN

    I have been working at Allianz full-time for less than a year

    Pros

    The people really practice the company credo of "be true in everything you do". Not only are the people authentic, but they are caring, considerate, intelligent, positive, and great to work with.

    Cons

    While the organization is HUGE globally, there may be limited opportunities in some career paths depending on your willingness and ability to move around. 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.

    Advice to ManagementAdvice

    Keep on doing what you're doing. It's a great place to work!

    Recommends
    Positive Outlook
    Approves of CEO

Worked for Allianz? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.