MLC Reviews

Updated July 19, 2015
18 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
3.3
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
CEO
0 Ratings

18 Employee Reviews

Sort: Popular Rating Date
  1. A dynamic consulting practice.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Chief Financial Officer in Charlotte, NC
    Current Employee - Chief Financial Officer in Charlotte, NC

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Positive environment, Intellectually stimulating work, great clients.

    Cons

    Work is very demanding. Long hours.


  2. Product Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in North Sydney (Australia)
    Former Employee - Anonymous Employee in North Sydney (Australia)

    I worked at MLC full-time (More than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    very good team members. great place.

    Cons

    pay isnt market or industry competitive.

    Advice to Management

    reinvest in staff. reinvigorate the leadership team


  3. Laidback lifestyle but not particularly challenging

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Analyst in Sydney (Australia)
    Former Employee - Investment Analyst in Sydney (Australia)

    I worked at MLC full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Business hours only, laidback lifestyle, some good people at junior level

    Cons

    Limited growth opportunities, poor leadership, losing market share in growing industry

    Advice to Management

    Be open and transparent in your communication


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


  5. Proud history, bleak future as it is no longer a force in the industry

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

    I have been working at MLC full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Relaxed working conditions - A lot of people work from home, or flexi work Heart of North Sydney, office ambiance not bad Good decent people

    Cons

    Stale and unexciting projects, most of it is regulatory Out of date technology, as MLC competitors (Colonial, BT, AMP) have invested in technology over the last few years and given them an advantage over MLC. MLC doesn't even have a mobile app!!! The Project , Change Management and Business Analyst communities have high concentration of contractors (70% of workforce) and this leads to a high turn over rate and knowledge drain Bureaucratic red tape in technology space which leads to frustration and people are not willing to adapt to change.

    Advice to Management

    In order to get MLC to be a genuine competitor in the market place, it needs to go through a serious transformation to be more customer centric, technology agile (MLC doesnt even have a mobile app). The current management get that, however I believe they doesn't know how to execute transformation change. The added complexity is being a relatively small profit centre of NAB, it may not warrant the time invested by CEO and Board as they have other priorities (exit from UK)


  6. Very good to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Platinum Case Officer in North Sydney (Australia)
    Former Employee - Platinum Case Officer in North Sydney (Australia)

    I worked at MLC full-time (More than 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good training. Supportive management on an immediate level. Challenging position. New systems being implemented when I left that were making things a bit easier for processing.

    Cons

    Sometimes difficult to maintain work-life balance. Sometimes decisions come "from the top" without enough explanation/reasoning despite having a large impact on immediate work. HR team not so supportive.

    Advice to Management

    Let your employees know about changes before the advisers do!


  7. NAB just doesn't get it ...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Head of Finance in Sydney (Australia)
    Former Employee - Head of Finance in Sydney (Australia)

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Was a fantastic culture many years ago Good work life balance Great People

    Cons

    Dealing with NAB Melbourne who don't understand the business Poor strategic calls


  8. Accountant

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

    I have been working at MLC

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Great company values. Unfortunately few people live up to values.

    Cons

    Role was too routine and little scope for growth and development. New ideas were treated as a challenge.

    Advice to Management

    Live the values you preach.


  9. Senior Underwriter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Underwriter in Melbourne (Australia)
    Current Employee - Senior Underwriter in Melbourne (Australia)

    I have been working at MLC full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Flexible working conditions, working from home option, monthly ADO, really good managers, there was a lot of restructuring last year and staff were worried about their job security but this is all sorted out and there is a really positive culture now, brand new NAB building must be the best venue to work in the world!

    Cons

    Well below market pay is a common complaint and there is not much concern from management to address this, also MLC does not have a built in automatic annual CPI increase as other companies do therefore I lose 3% of my salary every year.

    Advice to Management

    Pay more.


  10. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service in Melbourne (Australia)
    Current Employee - Customer Service in Melbourne (Australia)

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good atmosphere and management. Lot of flexibility and work life balance at call centre, including RDOs. Lots os coaching, which is typical at call centers. Induction is also good and fun. They are not too old school, they are modern and have an open culture.

    Cons

    Had to be stuck there for 1.5 years before being allowed for internal promotions or other roles.

    Advice to Management

    Keep up the close knit team atmosphere. Get rid of the 1.5year rule.


  11. Big Corporate but caring culture

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

    I have been working at MLC

    Recommends
    Recommends

    Pros

    banking and financial benefits are good.

    Cons

    Big corporate that sometimes feels disconnected from reality in its goals.



Showing 18 of 19 reviews
Reset Filters
RSS Feed </> Embed

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