18 Employee Reviews (View Most Recent)

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hmmmmm

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee  in  Milwaukee, WI
Former Employee - Anonymous Employee in Milwaukee, WI

I worked at MGIC Investment

Pros

The pay was above average, the benefits are outstanding, and work/life balance was great as pretty much everyone leaves by 5:30.

Cons

Raises were either not enough to keep up with inflation or non-existant. Management is short-sighted (i.e. concerned with the next quarter while ignoring long-term consequences) and communication from management was not entirely complete.

Advice to ManagementAdvice

Improve communication to the employees about what is truly going on within the business. If things are bad then be honest with the employees. Don't send out "warm & fuzzy" emails that simply aim to make everyone feel better.

Hold management and middle management accountable for their decisions.

Doesn't Recommend
Disapproves of CEO

Other Reviews for MGIC Investment

  1.  

    MGIC WAS a good company!!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Business Analyst  in  Milwaukee, WI
    Former Employee - Senior Business Analyst in Milwaukee, WI

    I worked at MGIC Investment

    Pros

    The pay is great...providing you negotiate heavily coming in. Raises are low so make sure you get the cash upfront. The fitness center is really nice and the location is great. The key is to get on a good team.

    Cons

    Senior management is a joke. They promote people to management because they are good at their job not because they would make a good manager. A great programmer does NOT equal a great IT manager. I was unable to negotiate for additional vacation time so I went from 25 days down to 10 days. Parking is $7 per day in the public garage. MGIC parking garage has a 16 year waiting list. The guy next in line was on the list since 1992.

    Advice to ManagementAdvice

    If you ask employees to rate their managers, listen to that feedback. If a team has 50% turnover 2 years in a row, maybe it's the manager????

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Enjoyed my time for the most part until it was over.

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

    I worked at MGIC Investment full-time for more than 3 years

    Pros

    Made good money as a consultant and was given a good amount of freedom initially. Co-workers were nice to work with for the most part.

    Cons

    Home office management respected home office personnel over the more talented and experienced group that they had in the field. Secretive and somewhat back handed management. Due to the company's steady decline the past few years, management seemed concerned with covering their own territories.

    Advice to ManagementAdvice

    If the company survives they don't need any advice.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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