MGIC Investment - Lacked career advancement opportunities | Glassdoor

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There are newer employer reviews for MGIC Investment

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"Lacked career advancement opportunities"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Customer Service Specialist in Troy, MI
Former Employee - Customer Service Specialist in Troy, MI
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at MGIC Investment full-time (More than 10 years)

Pros

Easy work for great pay. Overall a good group of co workers. Close to home. Good area to work in.

Cons

No room for advancement. Waited 10 years to be trained as an underwriter and it never came to fruition. They would hire external people to fill internal positions. Management were all biding their time until they retired. They did not listen to employee concerns. Fostered a "just be lucky you have a job" attitude amongst all employees.

Advice to Management

Listen to employee concerns. Give them a chance to prove themselves worthy of more responsiblity.

Other Employee Reviews for MGIC Investment

  1. "Still struggling with its claims backlogs from the housing crisis and great recession."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Milwaukee, WI
    Former Employee - Business Analyst in Milwaukee, WI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at MGIC Investment full-time (More than 10 years)

    Pros

    Company beginning to turn the corner, but handling of rescissions from crisis will impede rebound. Many clients are smarting from the companies methods of claim denials. Moving to a purchase money business will help NIW and persistency and profitability. Improving values will help default rates. Could this finally be some light at the end of the tunnel?

    Cons

    High levels of uncertainty, stability and lack of internal opportunity. Company continues to be in a retrenching.

    Advice to Management

    A little humbleness would go a long way.


  2. Helpful (1)

    "Save IT"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at MGIC Investment full-time (More than 10 years)

    Pros

    The people at MGIC are their most powerful and positive asset. The longevity of the staff is amazing in these days and times. This company in its original form gave me a GREAT deal of opportunities for advancement of my skills and position.

    Cons

    MGIC use to have a very cooperative environment. Sadly, recently changes have been put in place that not only impede but forbid communication between individuals trying to get a product/project completed. It use to be everyone would chip in to help get things done but recently MGIC (and IT in specific) has become a shark tank were you do your best to point out what everyone else is doing wrong so you don't fall into the bottom 10%. This company has done a complete 180 in their mentality which is sad because its the quality of communication and compassion that have seen this company through some really awful economic times in the last several years.

    Advice to Management

    Learn the precepts of change management!

There are newer employer reviews for MGIC Investment
There are newer employer reviews for MGIC Investment

See Most Recent

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