MLC - Overall good, though I was there during the GFC | Glassdoor
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There are newer employer reviews for MLC

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"Overall good, though I was there during the GFC"

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

Pros

Good work life balance
Interesting work and ability to work on a variety of projects
Good professional people
Management was competent for the most part

Cons

Salary review process was poor in that MLC people were reviewed with nab people and you were bell curved in a large group by managers who did not know your work.
Full time PMs did not have much over contractors. Permanent PMs were given 2-3 months to find a new project (there was no bench) and then they were retrenched. If you can, become a contractor, then you will earn more money.
Slow moving but they are a large company.
They are outsourcing more of the back office to India.
If you are in IT be a little wary because ultimately the senior management wants to outsource all of IT. They could if they would.

Advice to Management

Nothing much to say, I think they are reasonably well run for a large bank. I would focus on the strategy, correctly answering what should the bank look like in 10-15 years to be successful is critical.

Other Employee Reviews for MLC

  1. "Good financial packages, great super, good bonus, information hoarders, limited career progression"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in Sydney (Australia)
    Current Employee - Data Analyst in Sydney (Australia)
    Recommends

    Pros

    Good philosophy
    Excellent foresight in the financial advice industry
    Always developing new financial packages

    Cons

    Information hoarders.
    Difficult to progress
    People leaders are a mixed bag.


  2. "BPR (six sigma)"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Process Engineer in North Sydney (Australia)
    Current Employee - Process Engineer in North Sydney (Australia)

    Pros

    Reduced mortgage rates, no fees on loans

    Cons

    Information sharing and sustainability of great initiatives are the biggest drawbacks

    Advice to Management

    Look at Member best interest first.

There are newer employer reviews for MLC
There are newer employer reviews for MLC

See Most Recent

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