Australia and New Zealand Banking

  www.anz.com.au
  www.anz.com.au

Australia and New Zealand Banking Reviews

Updated November 23, 2014
Updated November 23, 2014
241 Reviews
3.4
241 Reviews
Rating Trends

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

Review Highlights

Pros
  • Being able to move around the company, Building is excellent and ok work-life balance (in 64 reviews)

  • A very supportive work environment, work life balance, transparency in growth and salary (in 15 reviews)


Cons
  • Tendency for senior management to forget about the people below (in 7 reviews)

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

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Not worth working

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

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

    Pros

    good work life balance at anz

    Cons

    Poor management, meritocracy not valued, too much internal politics

    Advice to ManagementAdvice

    Value meritocracy

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Conservative, bureaucratic and a technology dinosaur, but with some good people

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

    I have been working at Australia and New Zealand Banking as a contractor (less than an year)

    Pros

    Some good people around;
    Building is nice (833 Collins);
    Great opportunities to improve things

    Cons

    Overly bureaucratic - complex, unnecessary processes make achieving change very hard
    Political and full of management speak - it's who you know and the buzz words you use, not what you get done;
    Little appreciation or understanding of technology - front line and back end systems are mostly ancient

    Advice to ManagementAdvice

    Simplify processes;
    Challenge the conservative culture - reward honesty and achievement over people that just talk;
    Invest in technology and take considered risks

  3.  

    In the not too distant future almost all of the jobs will be offshore.

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

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

    Pros

    Average salaries for middle management. Senior management are paid extremely well.

    Cons

    Constant fear that your job will be offshored.
    Very little reward for being a high performer.
    Endless bureaucracy, no one takes accountability.
    Dishonest executives.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Bloated and political corporate behemoth- a breeding ground for psychopaths.

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

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

    Pros

    Rewards employees well with salary, bonuses, sharing in large profits.

    Cons

    Rewards the wrong employees well. Like most large companies the cultural and ethical policies are there to protect management and not truly develop a high performing organisation. Toxic behaviour and bullying are rife and a good proportion of the employees are either incompetent or lazy.

    Advice to ManagementAdvice

    Stop paying lip service to policies designed to improve culture and actually reward those who foster collaboration, quality and high performance rather than force management to be so competitive internally.

    Doesn't Recommend
    No opinion of CEO
  6.  

    Awful

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

    I worked at Australia and New Zealand Banking as a contractor (more than an year)

    Pros

    None that I can think of.

    Cons

    Excessive micro-management
    Plenty of middle managers with make work projects to 'justify your existence'
    Much time is wasted on work that is of no value to the company
    Work is not challenging at all
    Very little communication from management
    Toxic culture

    Advice to ManagementAdvice

    Major culture change is needed.
    Employees are completely demoralised and it's shocking that it's not noticed
    Reward and recognise people for a job well done
    Hold people accountable when something is not right, this includes all of the useless middle managers that are put in place

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Do not work at this place

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

    I worked at Australia and New Zealand Banking full-time (more than an year)

    Pros

    Good pay, the HQ is a nice building

    Cons

    Politics, toxic culture, bad behaviour encouraged or left to fester, a lot of "lifers" who are dead weights, senior people who think they are smarter than they are, a lot of people who abuse sick leave or are unreliable and simply do not turn up to work.

    Advice to ManagementAdvice

    Clean house of some teams especially some lifers and hire much more smarter people.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    "Lovely" Company to work with

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

    I have been working at Australia and New Zealand Banking full-time (more than 8 years)

    Pros

    There's a lot of other business units so you can move around

    Cons

    hardworking and talented employees are not being acknowledged..however the ones who can provide a lip services to the management goes a long way in the company. as a result company's talents often move to the competitor. instead of being appreciated for you've done all you get is more and some more extra works. Management often does not take consideration on how they distributed the workloads, allowing the lazy one... take their time completing their work (without management pressure).. while the more dilligent one do more and more work because of the fear of rejecting the work/ being called not competent. Often they cannot stand for themselves unfortunately. is that fair?

    Advice to ManagementAdvice

    Promotion and remuneration policy needs to be review to acknowledge talents. unhappy employees will have implication in their performance and in the end it will affect the end clients .. please remember that these end clients are the reason as why we exist in the business!! and not only the shareholders!! everything must be balanced! giving more works to employee where their remuneration stays the same is not very ethical!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Toxic culture and incompetent, dishonest management.

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

    I have been working at Australia and New Zealand Banking full-time (more than 5 years)

    Pros

    Ok salary and generally ok equipment.

    Cons

    1.Incompetent and dishonest, third world style IT management.
    2.Politics are more important than the work itself.
    3.No transparency.
    4.Toxic culture.
    5.Constant outsourcing and therefore constant restructure.

    Advice to ManagementAdvice

    Resign or get basic IT education. Read more books. Learn some basic manners.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Not great, but not bad

    Former Employee - Research Analyst in Hanoi (Vietnam)
    Former Employee - Research Analyst in Hanoi (Vietnam)

    I worked at Australia and New Zealand Banking full-time (less than an year)

    Pros

    The reputation (may help you get to other companies easily) - exit opportunities
    Network

    Cons

    Long hours
    Low pay - almost no bonus
    Unfriendly environment
    No training
    No performance-based promotion
    Bad staff treatment

  11.  

    Total disregard for the staff or the customer

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

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

    Pros

    Opportunities for the type of corporate zombie who only wants to get ahead.

    Cons

    Anyone who cares about the customer will find it very dissatisfying, as the focus of the upper management is purely on the profit - or worse still feathering their own nests. This means staff are pressured to sell products to customers who don't need them just to tick boxes, so the upper management can get their promotion within 3 years.

    Advice to ManagementAdvice

    Start caring about the customer. Start acting ethically. Treat your staff with respect.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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