Manulife Financial

  www.manulife.com
  www.manulife.com
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Manulife Financial Reviews in Toronto, ON

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

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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

98 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    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

  3.  

    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
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  5.  

    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.

  6.  

    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
  7.  

    Committed to Intern development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Information Systems Business Analyst  in  Kitchener, ON (Canada)
    Current Employee - Information Systems Business Analyst in Kitchener, ON (Canada)

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

    Pros

    Work life balance. Enthusiastic, cheery coworkers, training opportunities even for coops and chances to see work done across your business function and encouragement to try different roles. Great co-op compensation for a smaller BA role.

    Cons

    Restructuring woes. People being moved around and the ensuing chaos. Outsourcing several jobs offshore to "lean" the balance sheet.

    Advice to ManagementAdvice

    Continue the commitment gown to interns and people will continue coming back after graduation.

    Recommends
    No opinion of CEO
  8.  

    Overall Good with some room for improvement

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

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

    Pros

    My department is filled with young people, starting their careers, so it's a fun environment, not a lot of office politics with everyone helping each other out. The role also offers work from home opportunities and therefore some work life balance can be achieved

    Cons

    Workload is high and compensation is low.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Insurance Advisor

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

    I worked at Manulife Financial full-time for more than 8 years

    Pros

    Company is stable and one of the largest insurance company in Canada.

    Cons

    I find it is very hard to move to another department for growth especially if you're valuable to the department.

    Advice to ManagementAdvice

    Be supportive to everyone's career development, not just for those who are less valuable to the department.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Good co-op experience

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

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

    Pros

    Mentorship, training, decent co-op salary, good short-term learning experience

    Cons

    Closed off cubicles, stressful reporting deadlines sometimes

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great place to work but...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intermediate Business Analyst  in  Waterloo, ON (Canada)
    Current Employee - Intermediate Business Analyst in Waterloo, ON (Canada)

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

    Pros

    Great work-life balance, flexible time and workplace arrangement

    Cons

    Lot of red-tapes within. Promotion in the company is based on who you know and how you talk to senior management and not on how you perform. Lots of managers who does not even know what they're doing at all.

    Advice to ManagementAdvice

    Value all employees contribution to company. Do not overlook great employees over extrovert ones who only knows how to talk and present themselves but doesn't even know their job at all.

    Recommends
    Neutral Outlook
    Approves of CEO

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