MAGMA Fincorp Reviews

Updated August 20, 2015
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37 Employee Reviews

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  1. Review of Magma

    Former Employee - Anonymous Employee in Calcutta (India)
    Former Employee - Anonymous Employee in Calcutta (India)

    I worked at MAGMA Fincorp (More than a year)

    Pros

    Good working environment with support from seniors. Work pressure well distributed among team members

    Cons

    Nothing much negative about the co.


  2. GOOD PLATFORM TO LEARN

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

    I have been working at MAGMA Fincorp full-time (More than a year)

    Pros

    Good learning and exposure. Work pressure and salary is moderate

    Cons

    Poor working condition and mis management

    Advice to Management

    Direct interaction with middle level and lower level employees to understand basic needs


  3. Credit Analysis

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Deputy Manager, Credit & Risk Department in Calcutta (India)
    Current Employee - Deputy Manager, Credit & Risk Department in Calcutta (India)

    I have been working at MAGMA Fincorp (More than 3 years)

    Pros

    Work environment is good and it allows to maintain an equality in work and life

    Cons

    Growth us minimal as it depends on the senior management to provide an appropriate position in the company

    Advice to Management

    Should judge a person on the basis of quality and capability


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  5. Helpful (1)

    Magma Fincorp Limited

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Deputy Manager in Calcutta (India)
    Current Employee - Deputy Manager in Calcutta (India)
    Doesn't Recommend
    Neutral Outlook

    I have been working at MAGMA Fincorp full-time (More than 5 years)

    Pros

    Process Oriented company with diversified funding exposure

    Cons

    No employee satisfaction and huge gap in compensation packages in the same level. Overall not a great place to work


  6. Helpful (1)

    Spend 5 yrs in Magma. Good place to work. Good paymaster

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Collection Manager in Chandigarh (India)
    Former Employee - Collection Manager in Chandigarh (India)
    Recommends

    Pros

    Gives Reward to performer.gud place for learning. Also there is process for everything

    Cons

    Politics in departments. Appraisal issues.

    Advice to Management

    Must offer jobs to ex employees. Who served company with honesty and without any intergiety issues


  7. Helpful (1)

    good for me

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

    I have been working at MAGMA Fincorp full-time

    Pros

    Good profile / specific responsibility

    Cons

    Salary growth and promotion salary growth and promotion


  8. Overall Experience "Positive"

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    I have been working at MAGMA Fincorp full-time

    Pros

    It provides a Good Learning Opportunity of Auto Loans, Market Exposure & NBFC Culture.

    Cons

    4 Things are very hard to get: Growth, Salary Increment, Incentive & Appraisals

    Advice to Management

    NA


  9. Not great

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in New Delhi (India)
    Current Employee - Relationship Manager in New Delhi (India)
    Doesn't Recommend
    Negative Outlook

    Pros

    Many Branch. Widely spread. Retail presence

    Cons

    Pathetic work culture. Too much expectation. Very poor HR policy. Salary not justifiable with work

    Advice to Management

    HR policy, Management Policy is very poor. Should understand the wavelength of human being.


  10. My potential not adequately deployed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - General Manager in Ahmedabad (India)
    Current Employee - General Manager in Ahmedabad (India)
    Doesn't Recommend
    Negative Outlook

    Pros

    Rural Penetration. Scope of improvement which gives self a lot of opportunities

    Cons

    Regionalised Politics. Poor quality of VPs and Sr. VPs

    Advice to Management

    Wake up


  11. Bad environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at MAGMA Fincorp (More than a year)

    Pros

    Just work work and work. No work life balance..Sales is supported to such an extent that even operations get their work

    Cons

    Bad Environment with lot of politics and filthyness

    Advice to Management

    Please Hire People who dont differentiate and create teams within teams.



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