Allianz

  www.allianz.com
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Allianz Reviews

Updated Jul 27, 2014
All Employees Current Employees Only

3.4 94 reviews

91% Approve of the CEO

Allianz Chairman of the Board of Management Michael Diekmann

Michael Diekmann

(34 ratings)

69% 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
94 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Your run-of-the-mill corporate experience.

    Executive General Adjuster (Current Employee) Chicago, IL

    ProsGood pay, decent benefits. Some fun people work here.

    ConsProfit sharing and 401(k) matching are 0% vested until 3 years of service. Cubicle life for everyone without a senior manager title. Most cubicles have 1.5 walls and "0" privacy. IT systems are a complete joke. Restrictions on travel and other expenses are over the top.

    Advice to Senior ManagementRespect your employees more. Invest in IT.

    No, I would not recommend this company to a friend

    • 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

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

    3 people found this helpful  

    A Firm With Low & No Growth

    Analyst (Former Employee) New York, NY

    ProsInitially, this firm was booming and growing back in 2008. In fact, this firm was doing very well while the rest of Wall Street was crumpling. Overall, the vacation days are decent, good health benefits, fairly young crowd. Work hours stick to a 9-5 parameter.

    ConsVery unstable, no growth or opportunity for most workers. Management don't know how to manage, there is very low or no moral. HR is almost do not exsist. There is no cohesiveness or integregration, each department is in its own world. The RIS group is ran like a muck, they do their own things, have their own cake & coffee hours.

    Advice to Senior ManagementManagement should allow growth & opportunity for your employees. They need to hire or lay off the right people, they should not lay off top, quality workers. I have seen many top, quality people get lay off. They need to wake up & smell the coffee.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Comp & Benefits

    1 person found this helpful  

    Internship at Allianz - a good start

    Anonymous Employee (Former Employee) Budapest, MO

    ProsYour ideas are heard and your contributions are valued. Colleagues are friendly.

    ConsThere is no formal training for interns.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Dysfunctional. CS employees are given unrealistic goals and are penalized and fired when they don't reach those goals.

    Customer Service Representative (Current Employee) Golden Valley, MN

    ProsDecent salary and two fairly decent restaurants on site even if your break time doesn't allow you to visit them before they close for the day.

    ConsCS employees routinely thrown under the bus by management when a caller doesn't get their way even though as a CS you've been explicitly told x is not allowed. However, if the customer complains loudly enough their bad behavior is rewarded and the employee becomes the fall guy. In addition, the technology they employ is decades behind the rest of the world and frequently fails or provides incorrect information with cumbersome work-arounds. There is little to no vacation time offered other than a small handful of days for an entire department for an entire year. But aside from all that, probably the worst aspect is the unrealistic call handle times imposed - as a CS employee you're assisting customers with complicated financial packages, often times the customer's life savings and/or retirement funds, but you're limited to only 5.25 minutes per call. If you do not meet this limit you're either placed on a firing warning for exceeding the limit and eventually fired for it or you choose deliver poor customer service to keep your calls as short as possible. If you see a problem with the customer's account and they don't bring it up, you sure aren't going to because that would make the call longer so you leave it be and the customer gets screwed. It would seem the mentality is that Allianz already has the customer's money so why do they care that their CS employees are giving poor CS? It seems that they're only concerned with processing as many calls as possible, it's quantity over quality. Even good employees that have been with the company for years must fear for their jobs every day and even though the company states they promote hiring from within, in the call center it's all smoke and mirrors. It's been years since an employee escaped the call center by getting another job within the company. For most the only exit is with their personal belongings in hand, escorted out the door by security. But there are always more warm bodies desperate for a job, isn't that right?

    Advice to Senior ManagementReexamine your call handle time requirements with the understanding that many problems customers may have can not be adequately handled in under six minutes. Further, provide real and meaningful opportunities for advancement for employees within the call center. There's great talent you're letting slip through your fingers. And honestly, invest in some decent technology already.

    No, I would not recommend this company to a friend

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

    4 people found this helpful  

    Good place, but be wary

    Underwriter (Former Employee) Chicago, IL

    ProsGood comp & benefits package

    ConsTerrible new HR team. The old HR regime was much better at representing employees to management. Huge politics between Germans and Americans. The Germans have taken over every aspect of the business.

    Advice to Senior ManagementForget it...they will not listen anyway.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Good place to work, with little stress

    Senior Project Director (Former Employee) Cresskill, NJ

    ProsSmall team, flexible schedule, decent salary, small number of clients.

    ConsSmall team can also make it difficult to balance a heavy work load

    Advice to Senior ManagementWould be nice to have had more clients to get a better range of work through the door.

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

    1 person found this helpful  

    ??

    Anonymous Employee (Current Employee) Minneapolis, MN

    ProsAllianz SE is a great company trying to make presence in the US. I enjoy being a part of that. Allianz Life needs a lot of work, but I believe it's headed in the write direction. It could be an exciting time for the company.

    ConsLack of technology. Allianz Life is way behind the times in technology and it inhibits growth.

    Advice to Senior ManagementInvest more money in technology and hiring top talent.

    • 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

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