Manulife Financial

  www.manulife.com
  www.manulife.com
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Manulife Financial Reviews

Updated September 19, 2014
Updated September 19, 2014
223 Reviews
3.3
223 Reviews
Rating Trends

Recommend to a friend
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Manulife Financial President and CEO Donald A. Guloien
Donald A. Guloien
112 Ratings

Review Highlights

Pros
  • Good work life balance, usally work 40 hours a week without much overtime (in 26 reviews)

  • Support if you need to work from home for personal reasons - really good at this (in 9 reviews)


Cons
  • Bureaucratic organization structure; information gap between senior management and middle management (in 7 reviews)

  • Unhealthy work environment in my particular department, too much dust/dirt in the air (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Fast-paced environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Developer  in  Toronto, ON (Canada)
    Former Employee - Software Developer in Toronto, ON (Canada)

    I worked at Manulife Financial as an intern for less than a year

    Pros

    - A lot of career opportunities
    - Easy to network

    Cons

    - Not much focus on IS Co-op development
    - Amount of work and experience varies across departments

    Advice to ManagementAdvice

    Focus on IS Co-ops as much as you focus on the financial side

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    A bittersweet experience

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Developer  in  Kitchener, ON (Canada)
    Current Employee - Applications Developer in Kitchener, ON (Canada)

    I have been working at Manulife Financial full-time for more than 3 years

    Pros

    - Benefits are good
    - You need to negotiate the base salary before you start...after you start you get 1% increases per year (unless you earn really low they you get 3% or 4%)
    - Bonus is good
    - Overtime is paid (trust me you WANT to charge them for your time, don't work for free)

    Cons

    - They don't care about your advancement (At least in Group Benefits now IS). As a developer, they don't care about you being a senior developer, a team lead, or a consultant. All they need is to fill a need and that's what they use you for. If you accept a position in IS, forget about moving up. I saw developers that have been senior developers for 15 years and they were never promoted to managers, leads, or anything.

    - You need to do on-call for at least 20 years, and the only way to get out is being in the rotation for 20 years. The rotation is horrible you may be looking at 37.5 working hours, and 40 overtime hours. It doesn't matter that they pay you for it, at times you just want to sleep, you don't care about more money. Your family suffers this as they will hear the phone and barely sleep.

    - If you get into the projects don't trust anybody as there is a lot of politics going on. The managers will send "people" to mentor you but they are really using them to know what you think of them. Very sneaky.

    - They merge ALL of the time. When they "merge" they get rid of people.

  3.  

    Good, challenging environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Copywriter  in  Toronto, ON (Canada)
    Current Employee - Copywriter in Toronto, ON (Canada)

    I have been working at Manulife Financial full-time for more than 5 years

    Pros

    Work-life balance, meritocracy, decent pay, good benefits.

    Cons

    A lot of management changes.

    Advice to ManagementAdvice

    All levels of management should follow the company's values.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Financial Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst  in  Toronto, ON (Canada)
    Former Employee - Financial Analyst in Toronto, ON (Canada)

    I worked at Manulife Financial full-time for more than 3 years

    Pros

    A well known Canadian organization, it offers a lot internal opportunities. Really liked the student program for employees who pursue professional designations such as CPA and Acturary.

    Cons

    The corporate hierarchy is too tall, it tends to compromise the efficiency. Expected to work hard with moderate compensation.

    Advice to ManagementAdvice

    Strip some layers within the organization, and reward employee efforts directly to the individuals

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    manulife is a good place for actuarial science students

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Co-op  in  Toronto, ON (Canada)
    Current Employee - Actuarial Co-op in Toronto, ON (Canada)

    I have been working at Manulife Financial as an intern for less than a year

    Pros

    they assume you don't know anything.

    Cons

    need to learn some programming lauguage

    Advice to ManagementAdvice

    should work hard to get a return offer

  7.  

    Best Merrit-based Financial Compensation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Associate  in  Jakarta (Indonesia)
    Current Employee - Actuarial Associate in Jakarta (Indonesia)

    I have been working at Manulife Financial full-time for more than 3 years

    Pros

    The Actuarial Development Program has a upon-passing-exam salary increment which exceeds any other company in Indonesia due to its % growth.

    Cons

    The career ladder is long with so many ranks/levels to climb on.

    Advice to ManagementAdvice

    Please provide clearer goals and requirements to climb up to the top level, at least up to management level. Please create a system that can objectively evaluate employees' performance and stir away from a single supervisor subjective judgement.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    One of the Best

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

    I have been working at Manulife Financial full-time for more than 10 years

    Pros

    Great opportunities, meritocracy, highly diverse workforce, good working environment, challenging assignments

    Cons

    Demanding, long hours, takes time for comp to recognize achievements and competency

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Was a nice place to work until...

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Manulife Financial for more than 10 years

    Pros

    Decent benefits and stock options.

    Cons

    If you want to do the right thing this is not the place to work. Once the company went public it was all about the bottom dollar. Employees became just a number.

    Doesn't Recommend
    Neutral Outlook
  10.  

    Supportive but bureaucratic

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

    I worked at Manulife Financial full-time

    Pros

    Coworkers made the job enjoyable. Good work life balance. Lenient and supportive policies for writing actuarial exams (days off, increase in pay, etc.)

    Cons

    Some employees, like in all workplaces, were challenging to work with. High amount of bureaucracy. Departments can often feel siloed.

    Recommends
    No opinion of CEO
  11.  

    Was a great company

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

    I worked at Manulife Financial full-time for more than 3 years

    Pros

    You will work with very friendly and talented people here. Office culture (before VP level) is more family/college style.

    Cons

    Less work/life balance for junior level. Promotion chances are rather rare. And the salary level is not satisfying.

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