2 Employee Reviews (View Most Recent)

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bad time to be in the bond insurance business

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Analyst  in  New York, NY
Former Employee - Analyst in New York, NY

I worked at Fgic

Pros

There is a lot of stability in the firm and industry (though not at this moment). You have to have already decided what you want to do in life before you start here. Most employees have considerable experience before they've entered the firm. Not much room to try new things and get exposure to different facets of the business.

Cons

Smaller firm in the bond insurance business. No real pipeline to develop talent within firm. Not many mentor-mentee relationships. It's almost as if people don't like each other.

Advice to ManagementAdvice

There is a high level of tolerance for unproductive people within the firm. People get away with slacking off in a way they wouldn't at any other company, which hurts morale of those who actually do their work...

Doesn't Recommend
Approves of CEO

Other Reviews for Fgic

  1.  

    Awesome Company but caught in the financial crisis storm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - A Family Member  in  New York, NY
    Former Employee - A Family Member in New York, NY

    I worked at Fgic full-time for more than 10 years

    Pros

    People, People, People. All the people in the company are so great, it is very sad to see this company goes down. Do you recall that scene from The Titanic where those group of very nice musicians continue to play and entertain people even the ship is sinking. The people remain in FGIC are those musician. Nice People, Wrong Ship.

    Cons

    It is extremely sad to see such a good company to go down like this because of the Wall Street sharks. AIG is too big to fell but little FGIC have been forgotten. Too bad.

    Advice to ManagementAdvice

    I wish you guys win all of the legal battle with those Wall Street sharks to at least keep FGIC afloat much longer. I have so many good friends still work there.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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