Manulife Financial

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

Updated 26 September, 2014
Updated 26 September, 2014
226 Reviews
3.3
226 Reviews
Rating Trends

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Manulife Financial President and CEO Donald A. Guloien
Donald A. Guloien
113 Ratings

Review Highlights

Pros
  • Good work life balance, usally work 40 hours a week without much overtime (in 30 reviews)

  • The role also offers work from home opportunities and therefore some work life balance can be achieved (in 10 reviews)


Cons
  • The work life balance here is quite terrible as most people only leave work after 8pm (in 6 reviews)

  • over time and relatively long working hours, did not quite get involved in the main projects, no rotation as well (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Actuarial analyst. It was good experience with lots of learning

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

    I worked at Manulife Financial

    Pros

    Really good actuarial community and events

    Cons

    Too many things to learn at once

  2.  

    Good place

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

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

    Pros

    Decent Compensations, pays, perks. Flexible hours for most of the departments. Paid CFA/Actsci exams. international company

    Cons

    For someone who love working at the front-office. It might be less challenging than you would expect.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great Company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Manulife Financial

    Pros

    Great work experience. Numerous of opportunities ranging from their US division, corporate, and affinity markets. Flexible work options and plenty of networking opportunities.

    Cons

    Management seems to be more focused on short term profits and providing shareholders value, rather than their own employee's well-being. Can be expected to put in consistent long hours.

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  5.  

    Good, challenging environment

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

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

    Pros

    Work-life balance, meritocracy, decent pay, good benefits.

    Cons

    A lot of management changes.

    Advice to ManagementAdvice

    All levels of management should follow the company's values.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    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

  7.  

    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
  8.  

    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
  9.  

    Fast-paced environment

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

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

    Pros

    - A lot of career opportunities
    - Easy to network

    Cons

    - Not much focus on IS Co-op development
    - Amount of work and experience varies across departments

    Advice to ManagementAdvice

    Focus on IS Co-ops as much as you focus on the financial side

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    A bittersweet experience

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Developer  in  Kitchener, ON
    Current Employee - Applications Developer in Kitchener, ON

    I have been working at Manulife Financial full-time for more than 3 years

    Pros

    - Benefits are good
    - You need to negotiate the base salary before you start...after you start you get 1% increases per year (unless you earn really low they you get 3% or 4%)
    - Bonus is good
    - Overtime is paid (trust me you WANT to charge them for your time, don't work for free)

    Cons

    - They don't care about your advancement (At least in Group Benefits now IS). As a developer, they don't care about you being a senior developer, a team lead, or a consultant. All they need is to fill a need and that's what they use you for. If you accept a position in IS, forget about moving up. I saw developers that have been senior developers for 15 years and they were never promoted to managers, leads, or anything.

    - You need to do on-call for at least 20 years, and the only way to get out is being in the rotation for 20 years. The rotation is horrible you may be looking at 37.5 working hours, and 40 overtime hours. It doesn't matter that they pay you for it, at times you just want to sleep, you don't care about more money. Your family suffers this as they will hear the phone and barely sleep.

    - If you get into the projects don't trust anybody as there is a lot of politics going on. The managers will send "people" to mentor you but they are really using them to know what you think of them. Very sneaky.

    - They merge ALL of the time. When they "merge" they get rid of people.

  11.  

    Financial Analyst

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

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

    Pros

    A well known Canadian organization, it offers a lot internal opportunities. Really liked the student program for employees who pursue professional designations such as CPA and Acturary.

    Cons

    The corporate hierarchy is too tall, it tends to compromise the efficiency. Expected to work hard with moderate compensation.

    Advice to ManagementAdvice

    Strip some layers within the organization, and reward employee efforts directly to the individuals

    Recommends
    Positive Outlook
    Approves of CEO

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