Australia and New Zealand Banking Reviews

Updated September 2, 2015
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3.5
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Approve of CEO
Australia and New Zealand Banking CEO and Director Michael R. P. Smith
Michael R. P. Smith
174 Ratings

Pros
  • good company to work with with work life balance (in 64 reviews)

  • Less stressful work environment (in 15 reviews)

Cons
  • Senior management strategies at times (in 7 reviews)

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

More Pros and Cons

320 Employee Reviews

Sort: Popular Rating Date
  1. Human Resources

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

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

    Pros

    - A high performance culture with Asian ambitions suitable for an experienced professional - Interesting and complex work - Diverse career opportunities - Fantastic office facilities. I was especially fond of the bicycle storage and shower facilities - world class! - Good work-life balance - Worked with amazing people and made great friends

    Cons

    - not ideal for people starting in their careers. These roles are increasingly off-shore. - limited job security, particularly in Australia - transitioning corporate culture, with many employees longing for the "golden days"


  2. 4 yr review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst
    Current Employee - Senior Analyst
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Nice people Nice goals and objectives Good work-life balance Good values

    Cons

    1. Promotion / Recognition - It will be highly likely (easy) for an employee that makes a lot of noise and hot air to be promoted or rewarded. 2. Infrastructure - There is a big gap to fill in the systems infrastructure internally. 3. Strategies and implementation - Very good strategies or projects however there is failure to execute these strategies (cannot identify with the goals or maybe these were only meant to be as noise?) which would lead to these questions: Is there a lack of experience in the management? Is the management saturated by Bureaucrats and First time managers/leaders who only cares about their name and Performance? 4. Salary and Benefits - Salary is good overall however for increases and incentives (performance bonus) is just fair e.g. Allocation for increases and incentives is low even though bank recorded high profits. 5. Recruitment - Hiring process takes time. 6. Management - Bureaucratic and complex. Increase in oversight which led to seek too many management approvals. No concrete guidelines.


  3. Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Auckland (New Zealand)
    Former Employee - Analyst in Auckland (New Zealand)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good working environment, flexible hours, good people to work with, reasonable career opportunities

    Cons

    pay is a bit less than elsewhere


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  5. Systems Designer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Designer in Melbourne (Australia)
    Current Employee - Systems Designer in Melbourne (Australia)
    Recommends
    Positive Outlook

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

    Pros

    Easy Laid back work culture

    Cons

    Difficult to make an elephant dance!

    Advice to Management

    Move to Agile and be competitive.


  6. Marketing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Australia and New Zealand Banking (More than 3 years)

    Pros

    Good employee benefits. Flexible work arrangements.

    Cons

    Lacks good and competent leaders. No camaraderie among colleagues.

    Advice to Management

    Hire people who are competent and can lead with vision in leadership roles. Put your customers first.


  7. Ok

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Collections Department in Melbourne (Australia)
    Former Employee - Collections Department in Melbourne (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    A well organised company that did a great job

    Cons

    A little too rigid in some areas


  8. Helpful (1)

    Work Environment review

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Work life balance was pretty good.

    Cons

    Not much growth. Internal opening are always filled with high level references.


  9. Good as a stepping stone (India Only review)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Systems Analyst in Bangalore (India)
    Current Employee - Senior Systems Analyst in Bangalore (India)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Australia and New Zealand Banking (More than a year)

    Pros

    Good work life balance. You can resign and get promoted.

    Cons

    Nobody wants to work and the processes are very slow. Works similar to Indian government. There is no promotion policy. You get promoted when you resign.

    Advice to Management

    This is not a retirement home where you get paid. Start working!


  10. Helpful (1)

    Pros $ & Cons %

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Bangalore (India)
    Current Employee - Analyst in Bangalore (India)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Work culture is good. Makes you balanced in your life

    Cons

    Will be updated later because it takes time to judge for the cons need some more exp.


  11. Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Melbourne (Australia)
    Former Employee - Anonymous Employee in Melbourne (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Clear business strategy Committed to diversity and inclusion Support flexible working

    Cons

    We need to be less siloed and more enterprise oriented

    Advice to Management

    Digitise the employee experience



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