MGIC Investment Reviews | Glassdoor

MGIC Investment Reviews

Updated June 7, 2017
36 reviews

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36 Employee Reviews

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  1. "It's a job"

    StarStarStarStarStar
    • 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


  2. Helpful (4)

    "The Worst place I have ever worked"

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

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

    Pros

    None it was a job

    Cons

    In order to get ahead in the company you have to be a kiss butt. The bosses they hire have no experience for the job that you are doing. I was there for 30 years never got anywhere as far as moving ahead the management all sticks together.

    Advice to Management

    You all suck big time it was the most stressful time in my life. How come all the little people get laid off but yet there is 4 bosses to 4 employees in the department. There is a lead at every other desk but yet no one to lead because all the regular employees have been laid off. Why aren't the lay offs reported in the Milwaukee Journal? Is it because MGIC only lays off 5 employees at a time so they can be in the best work place award to work? There have probably been more than a 100 layoffs in the company but never hits the paper. Worst place ever to work.

  3. "Good pay and excellent benefits."

    StarStarStarStarStar
    • 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.


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

    StarStarStarStarStar
    • 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.


  5. "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.


  6. "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.


  7. "Family first environment... loved it!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in Troy, MI
    Former Employee - Underwriter in Troy, MI
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great working environment with competitive pay.

    Cons

    Nothing negative about this company.

  8. "Just so-so"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Director in Milwaukee, WI
    Former Employee - IT Director in Milwaukee, WI
    Approves of CEO

    Pros

    Relatively stable company to work for, have to admit

    Cons

    People stay there forever which causes lack of innovation

    Advice to Management

    Be more visionary


  9. Helpful (1)

    "overall, pretty good"

    StarStarStarStarStar
    • 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.


  10. "Great Company, Great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Claims Representative in Milwaukee, WI
    Former Employee - Claims Representative in Milwaukee, WI
    Recommends
    Approves of CEO

    Pros

    A good management team with good midwestern values

    Cons

    located in milwaukee which is cold

    Advice to Management

    Don't change a thing


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