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Helpful (1)

Great place to be an intern, but would not consider working there full time.

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Intern in Golden Valley, MN
Former Employee - Intern in Golden Valley, MN

I worked at Allianz

Doesn't Recommend
No opinion of CEO
Doesn't Recommend
No opinion of CEO

Pros

The 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.

Cons

The 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 Management

Invest time into employees so they feel included and heard even during the difficult times.

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  1. AVP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Munich, Bayern (Germany)
    Current Employee - Assistant Vice President in Munich, Bayern (Germany)

    I have been working at Allianz full-time

    Pros

    lot of job security in Germany

    Cons

    hard to move up if you are over 35 years old

  2. Views of an expat working in the Munich HQ

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Munich, Bayern (Germany)
    Former Employee - Anonymous Employee in Munich, Bayern (Germany)

    I worked at Allianz full-time (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    The scope of the group is very broad and there are very bright, conceptually driven strong colleagues to work with in Munich and very practical, commercial people to work with in the various operating companies around the world. Connecting the two takes energy, however! Having said that, the strength of the group is in its operating entities (OE's in Allianz speak) and there is enough autonomy for them to do the right thing.

    Cons

    The overlapping responsibilities in Munich are a recipe for paralysis, especially when allied to the toxic gossip culture reinforced by 3-5 day a week 1-1 scheduled lunch meetings and a very very German hierarchical style. Another issue is that people are seldom fired but can get shoved from project to project - many seem to view it as a comfortable landing point and are happy to wait their time out. This contributes to a civil service culture that is change averse. It also means that many of the people are massively over-qualified for what they are actually doing day to day - more reasons for creating mischief and the "sweet smell of unnecessary work".

    Advice to Management

    Should address spans of responsibility in the SE, especially by slimming down the number of departments. Also there should be a real effort made to encourage diversity by national origin - forced rotation of people out of Munich and aggressive placing of mid-level people across the world. Fewer Germans/Swiss/Austrians on the board would be a start!

There are newer employer reviews for Allianz
There are newer employer reviews for Allianz

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