National Australia Bank Reviews

Updated July 21, 2015
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3.2
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Cameron A. Clyne
72 Ratings

Pros
  • Work-life balance, opportunities to work in different departments (in 18 reviews)

  • Offers flexible working arrangements including working from home (in 12 reviews)

Cons
  • Being a large organization, NAB suffers some of the same issues as other very large companies in terms of slowness in decision making and execution (in 5 reviews)

  • Being large means there is a lot of red tape and often there no desire to improve processes (in 5 reviews)

More Pros and Cons

152 Employee Reviews

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  1. Helpful (1)

    work environment

    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY

    I worked at National Australia Bank full-time (More than a year)

    Pros

    none. the people are still in the bush

    Cons

    not very bright people. prepare to dumb yourself down

    Advice to Management

    get with it


  2. Helpful (2)

    stalled transformation which has kept the dead woid

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

    I have been working at National Australia Bank full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    great worklife balance great training but there are limits to who can access it

    Cons

    poor decision making lack of delivery on commitments regarding core system transformation retention of poor performers at executive level poor execution of structural transformation which will crucify the culture and performance 5 managers in 4 years = constantky justifying why you exist rather than getting on with the job short term focused incentives and program delivery which means no one collaborattes

    Advice to Management

    bring in better decision makers, be transparent on system transformation progress


  3. Helpful (3)

    Glad to be out

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

    I worked at National Australia Bank full-time (More than 3 years)

    No opinion of CEO
    No opinion of CEO

    Pros

    Very few. New offices in Melbourne. Flexible work environment. Your experience will depend on the type of people who are managing you.

    Cons

    If you are looking for a company that cares about employee culture, then NAB is the wrong place for you. Constant restructures and an environment perfect for nurturing corporate psychopaths. There is zero care about the fallout to employees which can be personally catastrophic.

    Advice to Management

    Weed out the psychopaths and narcissists. Stop nurturing this type of culture.


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  5. Helpful (2)

    Worse company I've ever worked for, couldn't wait to get out!!!

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

    I worked at National Australia Bank full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    It's a job, it comes with an income, you get free fruit each week, and you employee banking advantages.

    Cons

    Company seems to love politics, its about the bottom line, with a culture that processes matter more than people. Nothing seemingly can be done without paperwork. I've never worked for a company where morale was so low. Management seem to exist soley to take rewards away from employees which they have earned

    Advice to Management

    Listen to the people on the floor, and get rid of some of your middle management, because they're a big part of the problem


  6. Helpful (3)

    Just a resource on a plan

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

    I worked at National Australia Bank full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    You can discover other office cultures and what possible using the internal social media.

    Cons

    Leaders value, ego in the C-suite, bullying and corporate psychopaths at work, conformity, group think and fail to relate authentically. HR and compensation systems are poor - generally try to pay as little as possible for more than a fair days work. Give them a miss if you're innovative, creative, expect fair pay or want to be treated as more than a resource on a plan.

    Advice to Management

    Get rid of your resource planning software, you can probably get something that does a better job on the app store, runs on an iPhone and iPad and doesn't allow leaders to poison the culture or make poor decisions on leadership and compensation. You can't lead people by sitting in a meeting room once a week, talking about a resource plan report and then sending out emails until the next weeks meeting.


  7. Helpful (5)

    Super Fast + Cut throat- Lots of Politics every day

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

    I worked at National Australia Bank full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    - Huge organisation means easier to jump between depts. - Decent Starting Salaries (if you are in the right area)

    Cons

    - Lots of dirty politics - V Cut-throat. Personal life can easily be lost - Company culture and the way bonuses are assessed - Everyone (even people from same teams) seem to be working against each other rather than with.


  8. Helpful (2)

    nab dissappoints

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

    I worked at National Australia Bank full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing that any of the other banks can offer

    Cons

    No support for aging workers - you reach over 50years and are targeted for redundancy, only promote mates - no merit based appointments, continual restructures - just hides underperformance and no clear or co-herent strategy - which is now being reflected in the underperforming share price


  9. Helpful (5)

    NAB : Still making Big Profits despite poor leadership and plummeting employee engagement and empowerment.

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

    I worked at National Australia Bank full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    If you have a good boss you can get opportunity to balance work / life. Promotion opportunities are numerous, not because of career planning but because of necessity as staff turnover is high. If you can handle the pressure and the increase in expectations when thrown into a new role then you're fine. Otherwise you will probably end up leaving. Don't ask for any salary increases though as they usually say that there is an embargo. Avoid any type of Long Term Incentive offered instead of salary increase as there is a lot of "out clauses" for the Bank based on future performance etc and they will take every opprtunity to be in a position to forfeit them before they need to be paid. With this organisation "a bird in the hand" is the best policy.

    Cons

    There are many. Senior Leadership cannot manage poor performance. Especially those with really bad attitudes or behaviours that have a very destructive affect on people around them. They prefer to bury their heads in the sand and let them stay while everyone else moves on leaving it for someone else to resolve. senior leaders are paranoid and seem to have different agendas. They are constantly looking to protect their positions. There is no loyalty shown to any employee. You could be a Star one day and being pressured to leave the next. The culture now is seeing staff reciprocating with them moving on when opportunity arises. NAB talks about their Employee Surveys but they don't really take note of what is being said. Poor results are often blamed on the direct people leader and Executive Leadership wash their hands of any blame when they are usually the major contributors. For instance when there is poor commentary about the organisation they will blame that on the office manager when that person really has no control over the perception staff have of the organisation. However, if the results are positive the Executives will take credit for that. When Surveys are about to commence they will usually hold morning teas or lunches and encourage staff to complete them in a favourable manner. Most employees do not trust the organisation as they feel that adverse commentary can be traced back to individuals or a group of individuals, especially in a relative small business unit. Results therefore are often better than they should be and they will rely on that as a positive outcome, despite what is happening around them indicating something to the contrary. CEO is aloof and rarely acknowledges staff. He is leaving, which is a blessing as his tenure hasn't seen any significant or positive change in the organisation apart from the major restructuring and expense associated over the last 2 years. New CEO may be different and hopefully he will make it a good place to work, warm to people at all levels, build trust and reward people for their skills and efforts rather than looking for ways to avoid reward.

    Advice to Management

    Stop burying your head in the sand and see what is happening to your business. You need to listen to the truth and not the things you want to hear. Your HR areas really needs an overhaul, their arrogant and naive. You need to get people in there who have some commercial and business experience not just a degree. They need a large dose of practical reality. Most people are there purely because they have to be there. It used to be a place that attracted good staff and people wanted to be working for the group for many years. Now all you have to do is look at the number of former employees working for other Banks and listen to what the market is saying about your culture. Share price is very reflective of how poorly your business is going when compared to your competition, luckily you continue to pay a decent dividend as there really is no growth.


  10. Helpful (2)

    Strategically lost and toxic

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

    I have been working at National Australia Bank full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Big bank with great assets and generally very capable staff. New CEO.

    Cons

    Poor growth strategy and leadership. Lack of trust and loyalty amongst staff.

    Advice to Management

    New CEO needs drive costs out with new functional model and clean out some poor leaders in GE and EGM. Develop growth strategy. Sell UK and most of MLC or find people who know how to run a wealth business.


  11. Helpful (7)

    If you want to know what hell is, go work there

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

    I worked at National Australia Bank full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    You'll learn how to suck up and perfect the art of speaking at team meetings without actually contributing meaningful - strangely this is valued by management.

    Cons

    Full of psychopaths and people who think they are God's gift to mankind. If you're a yes man or have no backbone you'll do well there. I know people there who went five years without any pay rise.

    Advice to Management

    Hope you guys sink the ship - fingers crossed.



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