Old Mutual Reviews | Glassdoor

Old Mutual Reviews

Updated May 14, 2017
64 reviews

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Current Employees

3.5
Star Star Star Star Star
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Old Mutual Group CEO Julian Roberts
Julian Roberts
23 Ratings

64 Employee Reviews

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Pros
  • Culture, work/life Balance, pay and benefits, colleagues (in 5 reviews)

  • Great people, interesting work available during enormous organisational change (in 8 reviews)

Cons
  • salary below industry average before reaching senior management level; promotion is very slow and difficult (in 5 reviews)

More Pros and Cons

  1. "INTERNATIONAL ORGANISATION"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Cape Town (South Africa)
    Current Employee - Anonymous Employee in Cape Town (South Africa)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Old Mutual full-time (More than 5 years)

    Pros

    quite an interesting organization, excellent rewards

    Cons

    too big & too slow in certain countries.

    Advice to Management

    embrace technology.


  2. "Lost its way"

    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

    I have been working at Old Mutual full-time

    Pros

    Big budgets so money to spend on travel perks, entertainment and projects
    Good education bursaries and development
    Good work life balance

    Cons

    Very bureaucratic, heavy processes which waste time, decision making slow, lack of innovation
    Poor leadership at the top - big egos and little diversity
    Technology antiquated and poor customer service
    Top management been there forever an set in their ays - dictatorial especially HR

    Advice to Management

    Need a top leadership overhaul and put in inspirational people - all those that were great have left
    Remove stifling processes which inhibit innovation
    Less meetings and more empowerment to make decisions


  3. "Good Company"

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

    Pros

    Room to increase your salary, have more flexibility than other jobs so can do it well whilst studying.

    Cons

    Not having a fixed salary is tough especially in current market conditions.

    Advice to Management

    Mutual & Federal's user experience is great. Keep it like it is.


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  5. "Quite a mixed bag"

    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
    Positive Outlook
    Approves of CEO

    I have been working at Old Mutual full-time

    Pros

    Fantastic organizational culture and benefits. You're guaranteed a raise every year while bonuses are paid based on company and personal performance

    Cons

    very slim career growth opportunities

    Advice to Management

    Deliberate steps needs to be taken to improve on career growth opportunities outside of South Africa


  6. "OM review"

    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 Old Mutual full-time

    Pros

    The Commission from sales is uncapped

    Cons

    Incredibly high paced and highly stressful environment

    Advice to Management

    Better support structures for advisers


  7. "Senior Fund Accountant"

    Star Star Star Star Star
    Current Contractor - Senior Fund Accountant in Cape Town (South Africa)
    Current Contractor - Senior Fund Accountant in Cape Town (South Africa)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Old Mutual as a contractor (More than 10 years)

    Pros

    Good company to work for

    Cons

    They do not have a internal rotation plan for accountants.


  8. "Great, but won't be there for long"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in London, England (UK)
    Current Employee - Project Manager in London, England (UK)
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Old Mutual full-time (More than 10 years)

    Pros

    Great people, interesting work available during enormous organisational change.

    Cons

    Strategic change means the Plc will not exist for much longer

    Advice to Management

    Consider less heirarchy


  9. "client relationship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Client Relationship Officer in Nairobi (Kenya)
    Current Contractor - Client Relationship Officer in Nairobi (Kenya)

    I have been working at Old Mutual as a contractor (More than a year)

    Pros

    An opportunity to broaden,acquire and learn new skills.

    Cons

    working on contract basis and not permanent.


  10. "Regional Sales Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Regional Sales Manager in Nairobi (Kenya)
    Current Employee - Regional Sales Manager in Nairobi (Kenya)
    Recommends
    Neutral Outlook

    Pros

    Very long in integrity and systems

    Cons

    Lacks a broad culture and best practices being witnessed in other corporate institutions. Still relies on goodwill of olden years.

    Advice to Management

    Accommodate views from members of the organisation


  11. "Financial Planner"

    Star Star Star Star Star
    Current Employee - Economist in Bogotá, Bogota (Colombia)
    Current Employee - Economist in Bogotá, Bogota (Colombia)

    I have been working at Old Mutual full-time (More than 10 years)

    Pros

    Great place to work and play the role that I had in the financial sector alive the day to day the relationship with our customers to provide support and financial advice that require

    Cons

    I don´t have cons in my company


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