Australia and New Zealand Banking
3.3 of 5 182 reviews
www.anz.com.au Docklands, Australia 5000+ Employees

Australia and New Zealand Banking Reviews

Updated Apr 18, 2014
All Employees Current Employees Only

3.3 182 reviews

                             

75% Approve of the CEO

Australia and New Zealand Banking CEO and Director Michael R. P. Smith

Michael R. P. Smith

(100 ratings)

65% of employees recommend this company to a friend
182 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Work life balance is just too good for the current Dept i am working for but Timing varies from each dept"
    in 49 reviews
  • "Generally good work environment (property and facilities)"
    in 9 reviews
Cons:
  • "Tendency for senior management to forget about the people below"
    in 7 reviews
  • "No career growth for technology employees"
    in 5 reviews
  • Show more review highlights

Reviews

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  • Approves of CEO

 

good

Anonymous Employee (Current Employee)

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

Prosbenefit career development competitive salary

Conswork over time sometimes stressful

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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good

Anonymous Employee (Current Employee)

I have been working at Australia and New Zealand Banking

Prosthey have a good technology

Consthey have good work place

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Project Manager

Anonymous Employee (Former Employee)

I worked at Australia and New Zealand Banking

ProsGreat culture, values and people

Constoo abitious targets for growth

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  • Culture & Values
         
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Generally positive, but work environment has changed

Anonymous Employee (Former Employee)
New York, NY

I worked at Australia and New Zealand Banking full-time

ProsGood benefits, ok base pay.

ConsSmall, no room for promotion, management change resulted in more rigidity and change in working rigidity of work environment. Below average bonus..

Advice to Senior ManagementAbandon the what have you done for me lately attitude

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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Good place to enjoy work-life balance

Business Analyst (Current Employee)
Singapore (Singapore)

I have been working at Australia and New Zealand Banking full-time for less than a year

Pros- Polite and helpful managers
- Western culture with negligible distance between staff and managers
- Office hours 8:30-5:30 but people comes at 9-10am and leave on the dots
- Well structured process and framework

Cons- Slow in making decision due to many rounds of approval

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Analyst

Anonymous Employee (Former Employee)

I worked at Australia and New Zealand Banking

ProsGreat people and welfare is great

ConsPromotion might take a bit of time

Yes, I would recommend this company to a friend

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Not the right place for a software developer

Technical Analyst (Former Employee)
Melbourne (Australia)

I worked at Australia and New Zealand Banking full-time for more than 3 years

ProsFinancial benefits and only that.

ConsNo scope for career growth or learning

Advice to Senior ManagementIt will be good if ANZ puts some effort into providing job related training for employees

No, I would not recommend this company to a friend

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The bank that lost its way...had a good growth/employment story but now lost in wilderness

Associate Director (Former Employee)

I worked at Australia and New Zealand Banking full-time for more than 8 years

ProsBig and potential to move around (albeit it limited).
Many careers in one organization
Brand value means you see plenty of deal flow without trying
Good employment policies (although standard for a large organization)

ConsVery political. Particular areas worst than others. Be careful.
Many get to senior positions based on length of service making progression hard.
Talent are often seen as a threat.
Flexibility policies are not supported in particular 'old school' divisions. Career limiting if you use them.
A lot of nepotism still exists. As does reverse sexism in some areas.
Internal movements seldom accompany a pay review which is disappointing given like-for-like external hires command market salaries often 125-150% above internal. Hence, ANZ prefer internal hires.

Advice to Senior ManagementRemember your staff.
Support what is right, not what will help your career.
Don't be threatened by new ideas and talented staff below you.

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

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  • Culture & Values
         
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Decent place to work at

Lead Developer (Former Employee)
Bangalore (India)

I worked at Australia and New Zealand Banking full-time for more than 3 years

Pros- Good work culture
- Timings: Mon-Fri: 8 am to 5 pm
- Not extremely cut throat competitive

Cons- Not challenging enough, especially for freshers or young professionals
- Quite laid back
- Hierarchical, moving up the ladder is entirely based on merit and performance, years count
- Not engaged with advanced technology and innovations

Advice to Senior ManagementIt will be useful to be more in touch with latest technological innovations and developments in the industry and not just be very laid back

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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I enjoyed working in the Docklands building, but it's an isolated location

Anonymous Employee (Current Employee)
Melbourne (Australia)

I have been working at Australia and New Zealand Banking full-time for more than 3 years

ProsGreat strategy to expand the business into Asia and it's starting to bring results. The bank has good governance, great rates of pay and study allowances. STaff can progress by working in different areas of the organisation.

ConsThings move slowly in a this large organisation and change agents aren't embedded quickly enough to facilitate progress.
Unfortunately, some junior managers are promoted too quickly into leadership positions that are beyond their capabilities and this negatively impacts otherwise highly functional teams.

Advice to Senior ManagementThe contribution from HR function is negligible - it's a silent, invisible function at ANZ. With the constant restructurings and downsizings HR should be at the forefront, partnering with the business to manage the organisational change and reduce negative impacts on staff.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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