Mutual of America
3.0 of 5 48 reviews
www.mutualofamerica.com New York, NY 1000 to 5000 Employees

Mutual of America Reviews

Updated Jul 3, 2014
Mutual of America – US – “320 Park Ave.”

All Employees Current Employees Only

3.0 48 reviews

                             

69% Approve of the CEO

Mutual of America Chairman, President and CEO Thomas J. Moran

Thomas J. Moran

(32 ratings)

53% of employees recommend this company to a friend
48 Employee Reviews
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    this company was a good experience for me

    Anonymous Employee (Current Employee)

    Prosthe people are very nice

    Consthe food can be bland

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Salary and bonus cap

    Anonymous Employee (Current Employee)

    ProsGreat benefits. Zero deduct health insurance that costs $10 per pay period.

    ConsAntiquated Systems. Under staffed at the home office causing more work at the branch level. Constant follow up required to make sure things are done. Starting pay is $50k and capped at $70k. Bonus depends on office performance instead of individual production. Vacant positions are counted in bonus calc causing 10-30% reduction in bonus for things that are out if your control. Management not in touch with daily operations and field reps are not allowed to speak with Executive Field staff to communicate ideas.

    Advice to Senior ManagementSeek direct input from the field that is not filtered by Regional Office. Create a sales training program run by industry professionals not what is called training now. Update systems and replace people at the home office.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    not for the ambitious

    Anonymous Employee (Former Employee)
    New York, NY

    Prosbenefits, bonus is virtually guaranteed, nice membership perks with NYHRC & NYSC

    ConsIf you want a 'job', this is the place. Company is very conservative and if you get fired, you deserved it. 80% of the employees do not have the skillets required to make it in the most menial roles within other financial institutions. So, you are highly unlikely to learn anything that will give you a 'career' anywhere else. The only exception to this rule is their investment management arm 'Mutual of America Capital Management'. There are a few talented people there, and it can be a solid launch-pad to other firms.

    Advice to Senior ManagementRetire.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Get Read to Cold Call

    Associate Account Representative (Current Employee)
    Pittsburgh, PA

    ProsCompany car, parking paid for, insurance paid for, all car upkeep paid for.

    ConsCold Calling, lack of interest in networking.

    Advice to Senior ManagementGet out of the stone age of cold calling.

    No, I would not recommend this company to a friend

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    Nepotism, no promotion, no salary increase

    Anonymous Employee (Former Employee)

    ProsGood benefits. 401(k), DB plan 3+ weeks vacation.

    ConsThere is no salary increase not even a compensation for the cost of living increase. Has one of the highest level of nepotism of all the companies out there. There is no room for promotion if you are not connected or related to someone in the upper management. People are nice but the morale is very low.

    No, I would not recommend this company to a friend

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    Mutual of America Employer Review

    Participant Account Representative (Former Employee)
    Parsippany, NJ

    ProsAbility to work with both business and individual clients, and manage a state-wide client base. Plenty to keep you busy and learning, and improving. Job requires travel around the state, so it does not get boring. Great health benefits, paid health insurance plus 401K plan. Company car.

    ConsProfessional growth and promotion opportunities are limited. Only way to get promoted is if someone retires. Pay is fair but could be better. Average salary for this position elsewhere is higher. Mutual of America does not pay as much, because they say they make up for it with benefits. Most managers and leaders are good to work for, but there are some really terrible ones. Unfortunately the manager I worked for was a horrible manager who only micromanaged, blamed everyone for setbacks, but took all credit for successes. Could not control his emotions and lashed out at employees from time to time, embarrassing teammates in front of the whole office.

    Advice to Senior ManagementMutual of America is a good company. They treat employees well and fair. They care about clients and work hard to do right by them and do the right thing as a company. However, the culture of the company can be compromised and good talent chased away by some of the more 'experienced' managers who don't actually manage and create a stressful and negative work environment. Better oversight of Regional managers is a must.

    Yes, I would recommend this company to a friend

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    Welcome to the D-League

    Account Executive (Former Employee)

    Pros1950's mentality means employees actually get a respectable wage with benefits and sometimes a company car.

    ConsNot a major player in the retirement plans space, the only thing that they do. Everyone asleep at the wheel from the top down. Minor league management overseeing minor league talent from the most part. The only relevant market they serve is non-profits who would basically do business with anyone for the promise of even the most meager donation

    Advice to Senior ManagementStick to the market you serve (small non-profits) and stop branching out to for profits, because you are at best a double A team competing in the major leagues and you're def. not juicing. Stop blaming sales execs when you don't meet your goals when you know your funds are second rate and service is spotty at best. Glass ceiling. Who wants to be 55 and cold calling the same small territory until the end of time

    No, I would not recommend this company to a friend

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    Bad morale , no raises , nepotism

    Finance (Former Employee)
    New York, NY

    ProsThey have a cafeteria that is reasonable. A defined benefit pension plan that is generous. Central location in Manhattan. Very reasonable work hours for those looking for work / balance

    ConsInnovative concept regarding cost of living raises . There are none. Employee morale is horrendous. Great company if you are related to upper management , Company is built on Nepotism

    Advice to Senior ManagementGet a clue. Try to boost employee morale. Pay employees a fair wage and not something from the prior decaade

    No, I would not recommend this company to a friend

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    Good conservative company for those nearing retirement age in there career.

    Technology (Current Employee)
    Boca Raton, FL

    ProsStable firm, with no history of layoffs. Great benefits.

    ConsMundane and sometimes frustrating work environment. No merited salary increases to retain those willing to put forth extra effort.

    Yes, I would recommend this company to a friend

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    Senior Correspondent

    Senior Correspondent (Former Employee)
    New York, NY

    ProsGreat Benefits. No history of layoffs

    ConsLow pay especially for the work load, not easy to advance, not always easy to schedule PTO in regional offices because the office is so small.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Glassdoor is your free inside look at Mutual of America reviews and ratings — including employee satisfaction and approval rating for Mutual of America CEO Thomas J. Moran. All 48 reviews posted anonymously by Mutual of America employees.