MGIC Investment Reviews

Updated June 27, 2015
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21 Employee Reviews

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  1. Save IT

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

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

    Learn the precepts of change management!


  2. Family first environment... loved it!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  3. Just so-so

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


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


  5. Helpful (1)

    overall, pretty good

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  6. Great Company, Great people

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


  7. Nice place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


  8. LOOOOOVE MGIC!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


  9. Good place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  10. hmmmmm

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  11. MGIC WAS a good company!!!!!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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????



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