National Australia Bank

  www.nab.com.au
  www.nab.com.au

National Australia Bank Reviews

Updated October 16, 2014
Updated October 16, 2014
121 Reviews
3.1
121 Reviews
Rating Trends

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Approve of CEO
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Cameron A. Clyne
63 Ratings

Review Highlights

Pros
  • Emphasize work-life balance, relatively good staff benefit compare to other banks in HK (in 15 reviews)

  • Good people management fundamentals, flexible working & staff benefits (in 10 reviews)


Cons
  • Bloated middle management layers; slow and centralized decision making; limited empowerment; chronically outdated IT (in 5 reviews)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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Big, but be careful.

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

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

    Pros

    Good structures to support and reward hard work.

    Cons

    Sadly, vengeful middle management who blame others to hide their poor performance.

    Advice to ManagementAdvice

    Remove narcissistic managers faster.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Depending on the team NAB can be fantastic to work for.

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

    I have been working at National Australia Bank

    Pros

    Work-life balance, opportunities to work in different departments

    Cons

    Being large means there is a lot of red tape and often there no desire to improve processes.

    Advice to ManagementAdvice

    Look to go beyond the we have always done it this way. Many teams do not have a culture of trying to help others out.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    NextGen - Oracles milk cow

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

    I have been working at National Australia Bank as a contractor (less than an year)

    Pros

    Nice people, nice building, very good diversity

    Cons

    Oracle. They have a great hold over the NextGen project and to get them to do anything is a hard task, which they will fight you in every way possible.

    Advice to ManagementAdvice

    Fix up the relationship with Oracle. You are their client they should what you want no the other way around.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    nice place to work with

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

    I have been working at National Australia Bank full-time (more than 3 years)

    Pros

    flexi work arrangement, good employee benefits, onsite childcare, good company culture, people leaders are normally supportive

    Cons

    limited career opportunities, salary lower than peers, market position bad at the moment, very beaurocratic

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Engaging workplace, great learning and mentoring environment

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

    I have been working at National Australia Bank full-time (more than 3 years)

    Pros

    Great team structure, supportive of professional development. Challenging work with opportunity to take as much responsibility as you feel you can handle.

    Cons

    Bureaucratic large organisation, seemingly endless restructuring for some departments

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    nab

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

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

    Pros

    very good talent program for top 3% of employees.

    Cons

    Does not pay best in market because of brand

    Advice to ManagementAdvice

    NAB loose the best and brightest as they are not flexible on pay to retain top 5% of talent. Also they do too many restructures that reduce an employees level of trust and engagement to invest in a long term job with the organisation.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Grateful for my time there, but that doesn't mean I enjoyed it.

    Former Employee - Associate - Business Banking in Melbourne (Australia)
    Former Employee - Associate - Business Banking in Melbourne (Australia)

    I worked at National Australia Bank full-time (more than an year)

    Pros

    Given lots of opportunity to move into different roles and departments. Many areas to explore.

    Cons

    Some teams can be toxic. Politics, bureaucracy...the usual large corporation stuff.

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

    Slow moving company

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

    I have been working at National Australia Bank full-time (more than 3 years)

    Pros

    Some people are nice to work with

    Cons

    Very political and slow moving, hard to drive change. A lot of senior leaders are all about how they appear and their positioning within the political environment.

    Advice to ManagementAdvice

    Improve leadership capability, and lead by example.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    If you dont like something, just wait, there will be a re-org next week

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

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

    Pros

    Reasonable benefits but nothing special, provides a nice warm place to go during the cold winter days

    Cons

    re-organisations constantly drives a complacent attitude with most staff, if you don't like the world today, just wait, it will change!
    Red tape and poor processes with a culture of complacency makes it incredibly difficult to achieve anything within the organisation, it fights you trying to make a change.

    Advice to ManagementAdvice

    Stop the re-organisations, it look like you really don't know what will work, so you try something for a few months, and then try something else, and then try something else, hoping to find a structure that gives you the outcome you are looking for (not sure what that may be).

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Bureaucratic process, terrible systems, and a complete inability to implement any real change

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

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

    Pros

    People are generally fairly easy going and trustworthy compared to Westpac and ANZ. Recruitment processes are straightforward. Being such an established bank the quality of clients in the portfolio is impressive.

    Cons

    The processes and systems are absolutely terrible compared to other banks and there is no evidence of any real change despite being a long-term issue that is consistently raised in the annual employee surveys. NAB is consistently the slowest bank to come through with an approval in syndicate arrangements due to these processes;

    The bank is effectively run with an iron fist by the credit department who require obscenely detailed and frequent credit papers on even the most established/investment grade clients, thus constraining capacity for new business generation;

    A overbearing focus on compliance training which at NAB is without a doubt more important than looking after clients and bringing in new business;

    Bonuses and capacity for pay growth are sub-par;

    Getting set up as a new employee on the myriad of systems is tantamount to torture and will personally take one the best part of 100 hours to complete. Access to several key systems could take up to 6 weeks which makes carrying out one's job very difficult. IT support is unhelpful throughout this process, or any process for that matter.

    Advice to ManagementAdvice

    Focus on streamlining the processes and investing in quality systems immediately. Listen to feedback from employees provided in annual employee surveys and take real action in a timely manner rather than just glossing over these matters.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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