MGIC Investment Reviews

Updated January 26, 2015
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Employee Reviews

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  1. Family first environment... loved it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter in Troy, MI
    Former Employee - Underwriter in Troy, MI

    I worked at MGIC Investment full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great working environment with competitive pay.

    Cons

    Nothing negative about this company.

  2. Just so-so

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Director in Milwaukee, WI
    Former Employee - IT Director in Milwaukee, WI

    I worked at MGIC Investment

    Approves of CEO
    Approves of CEO

    Pros

    Relatively stable company to work for, have to admit

    Cons

    People stay there forever which causes lack of innovation

    Advice to Management

    Be more visionary

  3. Helpful (1)

    overall, pretty good

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner in Milwaukee, WI
    Current Employee - Claims Examiner in Milwaukee, WI

    I have been working at MGIC Investment

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Good base salary / clean and nice work environment

    Cons

    MGIC hires mostly people on contract with the lure that you might get hired. MGIC actual employees have great benefits & vacation - while on contract you get 1 day off every 400 hours worked. In other words that is 5 days a year and that includes sick time. Also Contract employees cannot use the gym.

    Advice to Management

    No complaints, overall management is very friendly.

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  5. Great Company, Great people

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims Representative in Milwaukee, WI
    Former Employee - Claims Representative in Milwaukee, WI

    I worked at MGIC Investment

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    A good management team with good midwestern values

    Cons

    located in milwaukee which is cold

    Advice to Management

    Don't change a thing

  6. Nice place to work

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims in Milwaukee, WI
    Former Employee - Claims in Milwaukee, WI

    I worked at MGIC Investment

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Great facilities, amazing programs for employees, clear communication, take the time to train employees, access to a great gym for employees

    Cons

    bad parking situation, hiring/promotion decisions somewhat political, questionable work/life balance for claims department vs other departments, lots of "dead weight" in employees that have been there forever

    Advice to Management

    keep in mind that people in claims are working extremely hard, realize that some of employees that have been with company forever are complacent and don't always work hard, make affordable parking options available to employees commuting from suburbs

  7. LOOOOOVE MGIC!

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Milwaukee, WI
    Former Employee - Anonymous Employee in Milwaukee, WI

    I worked at MGIC Investment

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    MGIC has excellent benefits, treat employees well, has great senior management, salary is competitive and work/life balance IS THE BEST!! 37.5 hour work weeks. Lots of room to move about company. Great focus on employees and show appreciation for their employees in lots of ways. SUPER FLEXIBLE schedules to accommodate everyone. Company donates money to charities and has scholarships available to employee's children. Senior management has great knowledge. Employee turnover is super low and re-hire rate is ridiculous because the company is a great place to work for.

    Cons

    Parking downtown is pricey. And there's a 15 year waiting list for company parking.

    Advice to Management

    none

  8. Good place to work

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant in Concord, CA
    Former Employee - Executive Assistant in Concord, CA

    I worked at MGIC Investment

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great people, team players, fair

    Cons

    headquarters is in Wisconsin. To far for more opportunites

    Advice to Management

    I have no advice, my manager was excellent.

  9. hmmmmm

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Milwaukee, WI
    Former Employee - Anonymous Employee in Milwaukee, WI

    I worked at MGIC Investment

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    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.

  10. MGIC WAS a good company!!!!!

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

    I worked at MGIC Investment

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    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????

  11. 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 (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

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

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