Manulife Financial

  www.manulife.com
  www.manulife.com
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Manulife Financial Reviews

Updated 11 September, 2014
Updated 11 September, 2014
219 Reviews
3.3
219 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Manulife Financial President and CEO Donald A. Guloien
Donald A. Guloien
109 Ratings

Review Highlights

Pros
  • Good work life balance, usally work 40 hours a week without much overtime (in 26 reviews)

  • Support if you need to work from home for personal reasons - really good at this (in 9 reviews)


Cons
  • Bureaucratic organization structure; information gap between senior management and middle management (in 7 reviews)

  • Unhealthy work environment in my particular department, too much dust/dirt in the air (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    manulife is a good place for actuarial science students

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Co-op  in  Toronto, ON
    Current Employee - Actuarial Co-op in Toronto, ON

    I have been working at Manulife Financial as an intern for less than a year

    Pros

    they assume you don't know anything.

    Cons

    need to learn some programming lauguage

    Advice to ManagementAdvice

    should work hard to get a return offer

  2.  

    One of the Best

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

    I have been working at Manulife Financial full-time for more than 10 years

    Pros

    Great opportunities, meritocracy, highly diverse workforce, good working environment, challenging assignments

    Cons

    Demanding, long hours, takes time for comp to recognize achievements and competency

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Supportive but bureaucratic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst
    Former Employee - Financial Analyst

    I worked at Manulife Financial full-time

    Pros

    Coworkers made the job enjoyable. Good work life balance. Lenient and supportive policies for writing actuarial exams (days off, increase in pay, etc.)

    Cons

    Some employees, like in all workplaces, were challenging to work with. High amount of bureaucracy. Departments can often feel siloed.

    Recommends
    No opinion of CEO
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  5.  

    Great place to work at and grow as a professional

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Manulife Financial

    Pros

    People are helpful, study days for ADP members, great atmosphere of aspiring young actuaries, location is convenient too. Also throughout the year there are events to lighten up the mood and raise morale, within teams or company wide.

    Cons

    Some times meeting the deadlines could be stressful especially having to study for actsc exams after work and on the weekend.

  6. 1 person found this helpful  

    Was a nice place to work until...

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Manulife Financial for more than 10 years

    Pros

    Decent benefits and stock options.

    Cons

    If you want to do the right thing this is not the place to work. Once the company went public it was all about the bottom dollar. Employees became just a number.

    Doesn't Recommend
    Neutral Outlook
  7. 1 person found this helpful  

    Dysfunctional work environment

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

    I worked at Manulife Financial full-time for more than 3 years

    Pros

    Pays well as do most FIs

    Cons

    Dysfunctional environment. Non-effective, micro-managing, inexperienced leaders who focus on the "weeds" rather than operating strategically. Too many middle managers operating at levels below their job descriptions. Employees have almost no autonomy as inexperienced managers do not feel comfortable with delegation.

    A lot of overtime with little work/life balance. There is a "workplace transformation" initiative to get people to work from home. However, most managers are opposed to it and while they pay lip service to the concept (for the benefit of senior management), they stonewall any real effort to make this initiative work.

    Advice to ManagementAdvice

    Flatten the organization by removing middle managers focused on the "weeds". Empower people and let them prove themselves - give them autonomy to do their jobs well.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Committed to Intern development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Information Systems Business Analyst  in  Kitchener, ON
    Current Employee - Information Systems Business Analyst in Kitchener, ON

    I have been working at Manulife Financial as an intern for less than a year

    Pros

    Work life balance. Enthusiastic, cheery coworkers, training opportunities even for coops and chances to see work done across your business function and encouragement to try different roles. Great co-op compensation for a smaller BA role.

    Cons

    Restructuring woes. People being moved around and the ensuing chaos. Outsourcing several jobs offshore to "lean" the balance sheet.

    Advice to ManagementAdvice

    Continue the commitment gown to interns and people will continue coming back after graduation.

    Recommends
    No opinion of CEO
  9.  

    Overall Good with some room for improvement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Disability Case Manager  in  Toronto, ON
    Current Employee - Disability Case Manager in Toronto, ON

    I have been working at Manulife Financial full-time for more than 5 years

    Pros

    My department is filled with young people, starting their careers, so it's a fun environment, not a lot of office politics with everyone helping each other out. The role also offers work from home opportunities and therefore some work life balance can be achieved

    Cons

    Workload is high and compensation is low.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Good co-op experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Analyst  in  Toronto, ON
    Former Employee - Risk Analyst in Toronto, ON

    I worked at Manulife Financial as an intern for less than a year

    Pros

    Mentorship, training, decent co-op salary, good short-term learning experience

    Cons

    Closed off cubicles, stressful reporting deadlines sometimes

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Insurance Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Advisor  in  Toronto, ON
    Former Employee - Insurance Advisor in Toronto, ON

    I worked at Manulife Financial full-time for more than 8 years

    Pros

    Company is stable and one of the largest insurance company in Canada.

    Cons

    I find it is very hard to move to another department for growth especially if you're valuable to the department.

    Advice to ManagementAdvice

    Be supportive to everyone's career development, not just for those who are less valuable to the department.

    Recommends
    Positive Outlook
    No opinion of CEO

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