18 Employee Reviews (View Most Recent)

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Lacked career advancement opportunities

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Former Employee - Customer Service Specialist  in  Troy, MI
Former Employee - Customer Service Specialist in Troy, MI

I worked at MGIC Investment full-time for more than 10 years

Pros

Easy work for great pay. Overall a good group of co workers. Close to home. Good area to work in.

Cons

No room for advancement. Waited 10 years to be trained as an underwriter and it never came to fruition. They would hire external people to fill internal positions. Management were all biding their time until they retired. They did not listen to employee concerns. Fostered a "just be lucky you have a job" attitude amongst all employees.

Advice to ManagementAdvice

Listen to employee concerns. Give them a chance to prove themselves worthy of more responsiblity.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

Other Reviews for MGIC Investment

  1.  

    Still struggling with its claims backlogs from the housing crisis and great recession.

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

    I worked at MGIC Investment full-time for more than 10 years

    Pros

    Company beginning to turn the corner, but handling of rescissions from crisis will impede rebound. Many clients are smarting from the companies methods of claim denials. Moving to a purchase money business will help NIW and persistency and profitability. Improving values will help default rates. Could this finally be some light at the end of the tunnel?

    Cons

    High levels of uncertainty, stability and lack of internal opportunity. Company continues to be in a retrenching.

    Advice to ManagementAdvice

    A little humbleness would go a long way.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Save IT

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

    I worked at MGIC Investment full-time for more than 10 years

    Pros

    The people at MGIC are their most powerful and positive asset. The longevity of the staff is amazing in these days and times. This company in its original form gave me a GREAT deal of opportunities for advancement of my skills and position.

    Cons

    MGIC use to have a very cooperative environment. Sadly, recently changes have been put in place that not only impede but forbid communication between individuals trying to get a product/project completed. It use to be everyone would chip in to help get things done but recently MGIC (and IT in specific) has become a shark tank were you do your best to point out what everyone else is doing wrong so you don't fall into the bottom 10%. This company has done a complete 180 in their mentality which is sad because its the quality of communication and compassion that have seen this company through some really awful economic times in the last several years.

    Advice to ManagementAdvice

    Learn the precepts of change management!

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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