MGIC Investment Reviews | Glassdoor

MGIC Investment Reviews

Updated January 16, 2017
33 reviews

Filter

Filter

Full-time Part-time

3.2
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
MGIC Investment Chairman and CEO Curt S. Culver
Curt S. Culver
19 Ratings

33 Employee Reviews

Sort: Popular Rating Date

  1. "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Milwaukee, WI
    Current Employee - Anonymous Employee in Milwaukee, WI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MGIC Investment full-time (More than 10 years)

    Pros

    I have been working at MGIC for 14 years and I have held 5 positions here and have continued to advance. People don't leave...The benefits are great, co workers are amazing and they care about their people. They understand that you have a life outside of work and will work with you when you have to leave early for appointments ECT. They are now renovating the entire building...It's looking modern and up to date.

    Cons

    "old school" styles but this is slowly being changed and people retire and new people are being hired.


  2. Helpful (1)

    "Poor advancement opportunities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at MGIC Investment full-time

    Pros

    Quality colleagues, pension benefits vested after 3 years

    Cons

    Poor pay, bad health insurance, and advancement opportunities are extremely limited, do not recommend. Paid time off is subpar.


  3. "Underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Neutral Outlook
    No opinion of CEO

    Pros

    Work from home, some management and support staff. That's about it. Use to be a great company to work for.

    Cons

    Use to be a great company to work for. MGIC has joined ranks with most mortgage sweat shops. No pay increases, advancement or opportunities. Company gives no reviews or pay increases. Company went completely on the cheap. Christmas gift was a tin of stale broken cookies, Cocoa from the coffee stand and a few pieces of candy, after we get the email from upper management about how great the company did. No incentive to go above and beyond. Hard work not appreciated or rewarded.

    Advice to Management

    Consider pay increases to long term, loyal and hard working employees or incentives.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "The People"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - MGIC in Milwaukee, WI
    Current Employee - MGIC in Milwaukee, WI
    Recommends
    Positive Outlook

    I have been working at MGIC Investment full-time (More than 10 years)

    Pros

    The people are great at MGIC. Weather you are riding high or low on a particular day there is always someone to turn to for professional and personal to collaborate with on issues. Great benefits - maturing as a company in terms of technology, data and hiring and employee management. Pension - 401K - Profit Sharing - great Medical.

    Cons

    Sometimes the EGOs of upper management are to heavily involved finding solutions for business. Wondering if wanting to do good business and work for the company is the goal - or "winning" is the objective.

    Advice to Management

    Encourage candor and transparency during interdepartmental teams. Take the feedback from employee surveys very seriously.


  6. Helpful (2)

    "Struggling to change"

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

    I have been working at MGIC Investment full-time

    Pros

    Good Benefits and Good Wellness program

    Cons

    Not many promotion opportunities especially for woman


  7. "Excellent place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst & Data Architect in Milwaukee, WI
    Former Employee - Business Analyst & Data Architect in Milwaukee, WI
    Recommends
    Positive Outlook

    Pros

    MGIC is a great place to learn and grow professionally. Management works with individuals to better their career path and growth potential.

    Cons

    MGIC is very compartmentalized and segmented which hinders open communication between departments. They are working on these issues and there has been improvement.

    Advice to Management

    Utilize the people that want to be there to work and learn instead of directing them to busy work and letting their talents go to waste.


  8. "Underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Underwriter in Jacksonville, FL
    Current Employee - Mortgage Underwriter in Jacksonville, FL
    Recommends
    Positive Outlook

    I have been working at MGIC Investment full-time (More than a year)

    Pros

    Work at home, great pay

    Cons

    Little paid time off for contract

    Advice to Management

    Great Company and Pay to work at home


  9. Helpful (4)

    "Life is better after MGIC"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Specialist in Milwaukee, WI
    Former Employee - IT Specialist in Milwaukee, WI
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at MGIC Investment full-time

    Pros

    Lots of places to hide out if you're just putting in time until retirement and have no morals or ethics.

    Cons

    Management is insane, especially in IT. Avoid if at all possible.

    Advice to Management

    Yeah, I tried giving management advice. It didn't work out too well.


  10. "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I worked at MGIC Investment full-time

    Pros

    Nice employee benefit package
    Easy access to downtown
    Friendly and helpful co-workers
    Community involvement
    PTO
    Vacation
    On site cafeteria
    Lunch on the plaza ( favorite)
    Employee recognition
    Well kept landscape
    Nice security guards

    Cons

    The way management gives a very short notice regarding a staff reduction. I think it is very tacky and unprofessional. It is like a slap in the face, you don't see it coming...beware if you are still there. They wait until you arrive at work, then present the bad and unfortunate news, that you no longer have a job!!!

    Advice to Management

    Please reconsider how you present company separation/staff reduction to employees that are not even aware, they have lost their job. I would give this overall rating a 0 :((


  11. Helpful (3)

    "NO GROWTH"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great coworkers, relaxed atmosphere, amazing benefits

    Cons

    No room for growth, AT ALL!



Showing 33 of 34 reviews
Reset Filters