MGIC Investment Reviews | Glassdoor

MGIC Investment Reviews

Updated April 21, 2017
14 reviews

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Current Employees

3.7
Star Star Star Star Star
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Approve of CEO
MGIC Investment Chairman and CEO Curt S. Culver
Curt S. Culver
9 Ratings

14 Employee Reviews

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  1. 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.


  2. Helpful (1)

    "No room for growth. Great enviroment for the soon to be retired."

    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
    Neutral Outlook
    Approves of CEO

    Pros

    Great staff, as far as co-workers. .

    Cons

    Management needs to go back to school and take courses in new management styles. Company is doing great but would probably be doing better if new techniques of management are in place. No incentives and inferior personalities cause for lack of motivation for employees.

    Advice to Management

    Training should be more proactive intead of "by the way". No room for promotion, even if your manager leaves and you are the next qualified.


  3. "It's a job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Contract Underwriter in Jacksonville, FL
    Current Employee - Contract Underwriter in Jacksonville, FL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at MGIC Investment (Less than a year)

    Pros

    Pays the bills. Flexible working arrangement. Support staff is friendly and helpful in the home office.

    Cons

    Unrealistic expectations for an 8 hour work day end up working more than 8 hours per day but fear contract will be cut so keep billing at 8 hours

    Advice to Management

    None this is how this industry is


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  5. 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!


  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. Helpful (1)

    "overall, pretty good"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Claims Examiner in Milwaukee, WI
    Current Employee - Claims Examiner in Milwaukee, WI
    Recommends
    Approves of CEO

    Pros

    Good base salary / clean and nice work environment

    Cons

    MGIC hires mostly people on contract with the lure that you might get hired. MGIC actual employees have great benefits & vacation - while on contract you get 1 day off every 400 hours worked. In other words that is 5 days a year and that includes sick time. Also Contract employees cannot use the gym.

    Advice to Management

    No complaints, overall management is very friendly.


  8. "I am having an enjoyable experience with MGIC."

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

    I have been working at MGIC Investment full-time (More than 3 years)

    Pros

    There seems to be a genuine concern for the employees and the employee environment.

    Cons

    There could be more attention to the schedule for claims and the production requirements. The requirements seem to be discriminatory.

    Advice to Management

    Pay attention to the employee suggestions.


  9. "Underwriter"

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

    I have been working at MGIC Investment full-time (More than 5 years)

    Pros

    Great salry, benefits, stability and longevity. Company culture is great with excellent experienced people in place to facilitate success.

    Cons

    There are no negative comments at this time. The only thing I would comment about is that for those who are looking to advance, the opportunities are slim as most employees stay within their positions for many years.

    Advice to Management

    Management for the most part is very responsive and clearly identify expectations and job performance goals.


  10. "Good pay and excellent benefits."

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

    I have been working at MGIC Investment full-time

    Pros

    Management works hard to keep morale up.

    Cons

    Dealing with too many bosses.


  11. "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.


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