Australia and New Zealand Banking

www.anz.com.au

Australia and New Zealand Banking Reviews

Updated January 28, 2015
Updated January 28, 2015
254 Reviews
3.4
254 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Australia and New Zealand Banking CEO and Director Michael R. P. Smith
Michael R. P. Smith
141 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.  

    ANZ Growing still but linked to China's growth

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Australia and New Zealand Banking

    Pros

    Balance sheet to grow in Asia

    Cons

    Getting saturated however and structure everchanging

    Neutral Outlook
  2.  

    Nice company to work with

    • 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

    Pros

    learning , good work environment and co workers are quite good to work with

    Cons

    salary wise not very good, sometimes not motivational environment

    Recommends
  3.  

    Good WLB, poor IT delivery / infrastructure, relaxed and good learning environment, not very well defined career path

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

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

    Pros

    Work life balance
    Fosters learning
    Good manager-employee communication
    Good senior management communication
    High level of engagement
    Stakeholders are understanding
    Good leave policy

    Cons

    IT infrastructure and delivery is poor
    Career path and promotions not as per industry standards
    Can put one in a comfort zone if we don't challenge ourselves
    Stakeholders sometimes dump work
    Documentation is still a WIP
    Can be political
    Very much an operations mentality

    Advice to ManagementAdvice

    Have a promotion policy in place. Does not make good career sense to keep jumping roles in order to get promoted.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Company with solid opportunities for interns and aspiring bankers

    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Australia and New Zealand Banking

    Pros

    Positive office atmosphere and upper management that shows unusual (in a positive sense) interest in the prospects and interests of its interns; good networking opportunities throughout the office

    Cons

    Long work hours, which however is to be expected in the industry; revolving door of interns may be too quick for some wanting a permanent position

    Recommends
    Neutral Outlook
  6.  

    Good Place to work at

    • 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

    Pros

    Work life balance compensation also ok

    Cons

    learning is slow, not for technical nerds

    Recommends
  7.  

    Stay away if you're half competent

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

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

    Pros

    Salary and benefits are good. This is quite honestly my only pro.

    Cons

    Terrible leadership. Worst technology strategy I have seen in my life. Tons of inexperienced management recruited through friends and put into the wrong positions. Bad working conditions. No incentive to be a performer.

    Advice to ManagementAdvice

    There are few if any of the multitude of technology managers that you need to retain at ANZ. You do however need to hire many many more with real world experience who know what they are doing. Get rid of the management who are management because they've been at ANZ for 20 years and find some people with drive and experience.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    An organisation that getting better over time!

    • 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

    Pros

    Good hours and career progression if you have the right mentors and managers

    Cons

    Some areas of the business can tend to hire inexperiened managers and hence you can work with no strategy in place

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    ANZ Bank View

    • 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

    Pros

    Based in Singapore is good

    Cons

    Not Big 3 bank is disadvantage

    Advice to ManagementAdvice

    Improve staff benefits

    Recommends
    Positive Outlook
  10.  

    Loans dept at ANZ

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

    I worked at Australia and New Zealand Banking

    Pros

    great training and development opportunities for career progression and secondment roles
    Great facilities in docklands area, close to cbd, public transport and great cafe's, restaurants

    Cons

    at the time there were a lot of worries about future job off-shoring that impact on the team morale of level of involvement.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Predominantly a great organisation for most of the employees and external customers

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

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

    Pros

    For employees willing to put their hand up for more without hesitating to go beyond core responsibilities, numerous progression opportunities exist. Senior management recognition and a feeling of appreciation is also not uncommon. ANZ is at the forefront of the industry in terms of global market scope and caliber of platforms on offer.

    Cons

    Inexplicable budget cuts, staff churn over not back-filled, continuous push to "do more" with "less" can be demoralizing and damaging to work-life balance.

    Advice to ManagementAdvice

    Short-sighted goals and project that aim to reduce operating costs often end up having the opposite effect in the medium term and this always impacts the external Customer, at times indirectly and at times directly, hurting ANZ's position in the marketplace.

    Recommends
    Positive Outlook
    Approves of CEO

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