PMI Group Reviews
Updated Nov 12, 2011 – Reviews are posted anonymously by employees.
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Company Rating Based on 11 ratings Employees say it's "OK" |
CEO Rating
Based on 7 ratings
Chairman, President, CEO, and COO; Chairman and CEO, PMI Mortgage Insurance |
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Pros
Great employees, good pay, awesome vacation package (4 weeks at the door), work life balance.
They encourage transfers between departments for professional growth.
Cons
It's a boys' club, men are preferred for promotions over women.
Advice to Senior Management
Company is in run off, so I don't think it matters.
Pros
Large organization with mixed management ability
Cons
Small minded execs without taking a stand on issues
Advice to Senior Management
Can't put in writing
Pros
Great people
Challenging projects
Great benefits and pay
Good communication from senior management
Many opportunities to move upward within team or with other teams
Cons
Mortgage industry down turn impacted many of the exciting growth related projects that were in planning stages. Project funding slowed down.
Pros
* People (the pee-ons) are generally nice
* Decent benefits
Cons
* No innovation
* Conservative
* Lack of creativity
* Workload is unmanageable due to lazy Directors that lacks leadership skills
* Lack of autonomy and trust; management rather hear recommendations from expensive consultants/vendors than own employees
* Field sales driven rather than customer driven
* Internal conflicts between management
Advice to Senior Management
Instead of laying off people that actually do the work, maybe the execs ought to get rid of some of the lazy sr. management and directors.
Board of Directors should be ashamed of themselves for driving the company to the ground.
Pros
Great work environment in tough economical times. People are always thinking out of the box to get the job done no matter what it takes.
Cons
Only cons are that this is a bad business to be in the current economy.
Advice to Senior Management
keep the ship afloat
Pros
Great work life balance, and flexible schedule. People are nice and friendly.
Cons
There isn't any incentive to go the extra mile. Employees are promoted based on senority.
Advice to Senior Management
Management needs to raise expectations, standards and have clear communication with employees.
Pros
I loved this company and the job more than life itself. I am devastated that they downsized and eliminated my position and area. I had been meeting and exceeding my goals each month.
Cons
They just had a lay off and an early retirement
Advice to Senior Management
Instead of having peoples jobs eliminated, comissions should have been eliminated until the company regained profitability . the base salary was good and the staff you had would have continued to grow the company.
Pros
Excellent coworkers, excluding the management.
Cons
To many micro managers. (Claims Manager)
Advice to Senior Management
Seek new Claims manager.
Pros
Through a profit organization, PMI Group puts their employees first. This isn't to say people before revenue, necessarily, but the environment is such that everybody is made to feel just as important as anyone else.
Cons
They can lean a bit too far on the conservative side. Granted, it's an insurance company - and "ready, aim, shoot" is better than "ready, shoot, aim" - but in some instances they need to find a better balance. I've seen to many projects in "ready, ready, aim, ready, reload ... "
Advice to Senior Management
Bring more entry-level people into brainstorming. Get the ideas from the people actually doing the work. In theory (and it should be in practice), they know more about what they do than anyone else, so it makes sense to find out what that work is.
Pros
The work environment is very good.
Cons
Career advancement and not enough vacation time.
Advice to Senior Management
Have a career path for every position.
