MAGMA Fincorp Reviews

Updated July 23, 2015
34 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
3.1
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
CEO
0 Ratings

34 Employee Reviews

Sort: Popular Rating Date
  1. Review of Magma

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

    I have been working at MAGMA Fincorp

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Process Oriented Developing Organisation in Finance Industry with diversified products

    Cons

    No say for employees concern and disparity in salary compensation at same levels

    Advice to Management

    Company should be people oriented with strong HR and proper compensation structure


  2. 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)

    I worked at MAGMA Fincorp

    Recommends
    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


  3. 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)

    I have been working at MAGMA Fincorp full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good profile / specific responsibility

    Cons

    Salary growth and promotion salary growth and promotion


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Overall Experience "Positive"

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

    I have been working at MAGMA Fincorp full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    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


  6. 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)

    I have been working at MAGMA Fincorp

    Doesn't Recommend
    Negative Outlook
    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.


  7. 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)

    I have been working at MAGMA Fincorp

    Doesn't Recommend
    Negative Outlook
    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


  8. Bad environment

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

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

    Doesn't Recommend
    Doesn't Recommend

    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.


  9. Overall its ok

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Instructional Designer in Calcutta (India)
    Current Employee - Instructional Designer in Calcutta (India)

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Work Timing Flexible hours during office Very strong product base Fair Salary

    Cons

    Management and Infrastructure issues for creative people High level politics low visibility

    Advice to Management

    Should improve the leadership positions


  10. Retail Asset Finance NBFC. organisation continuously upgrading itself.

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

    I have been working at MAGMA Fincorp full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Pay is fair enough , possibility of earning incentive in almost all functions

    Cons

    Work burden is skewed towards month ends , resources are stretched

    Advice to Management

    Download management decisions to all concerned


  11. Best place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager Delhi & NCR in New Delhi (India)
    Current Employee - Relationship Manager Delhi & NCR in New Delhi (India)

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The company provide a balance in your work-life

    Cons

    Have to look for the perks



Showing 34 of 36 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.