Manulife Financial Reviews

Updated March 27, 2015
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  1. Good place

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

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

    Pros

    Decent Compensations, pays, perks. Flexible hours for most of the departments. Paid CFA/Actsci exams. international company

    Cons

    For someone who love working at the front-office. It might be less challenging than you would expect.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Great Company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Manulife Financial

    Pros

    Great work experience. Numerous of opportunities ranging from their US division, corporate, and affinity markets. Flexible work options and plenty of networking opportunities.

    Cons

    Management seems to be more focused on short term profits and providing shareholders value, rather than their own employee's well-being. Can be expected to put in consistent long hours.

  3. Treasury Finance

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

    I worked at Manulife Financial full-time (more than a year)

    Pros

    Big company with a lot of smart people.

    Cons

    Terrible senior management, lack of feedback and transparency for the work. Do not care about your career development. Only had two team meetings during my time there, each time lasted less than 10 minutes. Most of the work process are very manual, just like working in "dark age"... No proper documentation. Laid off many people last year

    Advice to ManagementAdvice

    Treat your people with respect.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 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 (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
  6. manulife is a good place for actuarial science students

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

    I have been working at Manulife Financial as an intern (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. 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 (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
  8. 2 people found this helpful

    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 (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.

  9. Fast-paced environment

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

    I worked at Manulife Financial as an intern (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
  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. 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 (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

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