MAGMA Fincorp

  www.magma.co.in
  www.magma.co.in

MAGMA Fincorp Reviews

Updated November 7, 2014
Updated November 7, 2014
31 Reviews
3.3
31 Reviews
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Employee Reviews

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  1.  

    It was a good company to work as a fresher

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in Hyderābād (India)
    Former Employee - Financial Analyst in Hyderābād (India)

    I worked at MAGMA Fincorp as an intern (less than an year)

    Pros

    Many branches through out the country

    Cons

    Job rotation is not that possible

    Recommends
    Positive Outlook
  2.  

    Bad environment

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

    I have been working at MAGMA Fincorp (more than an 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 ManagementAdvice

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

    Doesn't Recommend
  3.  

    Retail Asset Finance NBFC. organisation continuously upgrading itself.

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

    I have been working at MAGMA Fincorp full-time

    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 ManagementAdvice

    Download management decisions to all concerned

    Doesn't Recommend
    Neutral Outlook
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  5.  

    Overall its ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 an year)

    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 ManagementAdvice

    Should improve the leadership positions

    Recommends
    Neutral Outlook
  6.  

    Not Satisfactory

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

    I have been working at MAGMA Fincorp full-time

    Pros

    A decent salary. Facilities to mid management are decent.

    Cons

    Not a people's company. Does not take care of FOS who bring in business

    Advice to ManagementAdvice

    Be more emphethetic to employee's problems

    Doesn't Recommend
    Neutral Outlook
  7.  

    Best place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 an year)

    Pros

    The company provide a balance in your work-life

    Cons

    Have to look for the perks

    Recommends
    Positive Outlook
  8.  

    Great place to learn

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MAGMA Fincorp full-time (more than an year)

    Pros

    Great place to work because of the opportunities to work independently and professionally

    Cons

    The infrastructure needs to improve both facilities as well as IT

    Recommends
    Positive Outlook
  9.  

    . A talented Business Management professional with extensive sales marketing retail and customer service experience

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

    I have been working at MAGMA Fincorp full-time (more than an year)

    Pros

    Developed a strong inter personal/relationship management skills across a broader spectrum of clients through managing (retention & growth) a solid Portfolio, by providing personalized service in fulfilling varied financial needs, & involved in cross selling activities

    Cons

    - involved in full lending process & responsible for recommending credit proposals by analyzing feasibility, evaluation of risks of equipment/auto finance & project loan facilities.
    Compliance: - Responsible for ensuring required documentation is in place, all credit terms recommended & client proposals approved are within bank’s approved guidelines and policies.

    Advice to ManagementAdvice

    Oversee target driven performance of equipment/auto lease/loan facilities of 13 branches and managed a sales/documentation/ credit processing and recoveries team at head office

    Doesn't Recommend
    Negative Outlook
  10.  

    Good Stable Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - AREA SALES MANAGER in Lucknow (India)
    Former Employee - AREA SALES MANAGER in Lucknow (India)

    I worked at MAGMA Fincorp full-time (less than an year)

    Pros

    Growing Organisation, evolving currently, lot of learning

    Cons

    Lesser Exit Options, plus at times the promises made by the Regional HR are false

    Recommends
  11.  

    Very good & a satisfactory job.

    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MAGMA Fincorp

    Pros

    Magma is the brand name in market.

    Cons

    Some difficulty but overall a good carrier in magma

    Advice to ManagementAdvice

    Plz upgrade the system. Very slow server in my location

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