National Australia Bank

  www.nab.com.au
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National Australia Bank Reviews

Updated Jul 24, 2014

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All Employees Current Employees Only

3.2 103 reviews

80% Approve of the CEO

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Cameron A. Clyne

(51 ratings)

60% of employees recommend this company to a friend

Review Highlights

Pros
  • Emphasize work-life balance, relatively good staff benefit compare to other banks in HK(in 14 reviews)

  • Extremely flexible working for the perms, You can have some strong leaders and great people - just depends on the department(in 7 reviews)


Cons
  • Bloated middle management layers; slow and centralized decision making; limited empowerment; chronically outdated IT(in 5 reviews)

  • Being large means there is a lot of red tape and often there no desire to improve processes(in 5 reviews)

103 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
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    • No Opinion of CEO

     

    Depending on the team NAB can be fantastic to work for.

    Anonymous Employee (Current Employee)

    ProsWork-life balance, opportunities to work in different departments

    ConsBeing large means there is a lot of red tape and often there no desire to improve processes.

    Advice to Senior ManagementLook to go beyond the we have always done it this way. Many teams do not have a culture of trying to help others out.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    nice place to work with

    Senior Quantitative Analyst (Current Employee) Melbourne (Australia)

    Prosflexi work arrangement, good employee benefits, onsite childcare, good company culture, people leaders are normally supportive

    Conslimited career opportunities, salary lower than peers, market position bad at the moment, very beaurocratic

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Big, but be careful.

    Practice Development Manager (Former Employee) Sydney (Australia)

    ProsGood structures to support and reward hard work.

    ConsSadly, vengeful middle management who blame others to hide their poor performance.

    Advice to Senior ManagementRemove narcissistic managers faster.

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Engaging workplace, great learning and mentoring environment

    Associate (Current Employee) Melbourne (Australia)

    ProsGreat team structure, supportive of professional development. Challenging work with opportunity to take as much responsibility as you feel you can handle.

    ConsBureaucratic large organisation, seemingly endless restructuring for some departments

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

     

    nab

    Business Banking Executive (Current Employee) Sydney (Australia)

    Prosvery good talent program for top 3% of employees.

    ConsDoes not pay best in market because of brand

    Advice to Senior ManagementNAB loose the best and brightest as they are not flexible on pay to retain top 5% of talent. Also they do too many restructures that reduce an employees level of trust and engagement to invest in a long term job with the organisation.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    If you dont like something, just wait, there will be a re-org next week

    Anonymous Employee (Current Employee) Melbourne (Australia)

    ProsReasonable benefits but nothing special, provides a nice warm place to go during the cold winter days

    Consre-organisations constantly drives a complacent attitude with most staff, if you don't like the world today, just wait, it will change!
    Red tape and poor processes with a culture of complacency makes it incredibly difficult to achieve anything within the organisation, it fights you trying to make a change.

    Advice to Senior ManagementStop the re-organisations, it look like you really don't know what will work, so you try something for a few months, and then try something else, and then try something else, hoping to find a structure that gives you the outcome you are looking for (not sure what that may be).

    No, I would not recommend this company to a friend

    • Approves of CEO

    1 person found this helpful  

    Grateful for my time there, but that doesn't mean I enjoyed it.

    Associate - Business Banking (Former Employee) Melbourne (Australia)

    ProsGiven lots of opportunity to move into different roles and departments. Many areas to explore.

    ConsSome teams can be toxic. Politics, bureaucracy...the usual large corporation stuff.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
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    • Disapproves of CEO

     

    Bureaucratic process, terrible systems, and a complete inability to implement any real change

    Anonymous Employee (Former Employee)

    ProsPeople are generally fairly easy going and trustworthy compared to Westpac and ANZ. Recruitment processes are straightforward. Being such an established bank the quality of clients in the portfolio is impressive.

    ConsThe processes and systems are absolutely terrible compared to other banks and there is no evidence of any real change despite being a long-term issue that is consistently raised in the annual employee surveys. NAB is consistently the slowest bank to come through with an approval in syndicate arrangements due to these processes;

    The bank is effectively run with an iron fist by the credit department who require obscenely detailed and frequent credit papers on even the most established/investment grade clients, thus constraining capacity for new business generation;

    A overbearing focus on compliance training which at NAB is without a doubt more important than looking after clients and bringing in new business;

    Bonuses and capacity for pay growth are sub-par;

    Getting set up as a new employee on the myriad of systems is tantamount to torture and will personally take one the best part of 100 hours to complete. Access to several key systems could take up to 6 weeks which makes carrying out one's job very difficult. IT support is unhelpful throughout this process, or any process for that matter.

    Advice to Senior ManagementFocus on streamlining the processes and investing in quality systems immediately. Listen to feedback from employees provided in annual employee surveys and take real action in a timely manner rather than just glossing over these matters.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Approves of CEO

    1 person found this helpful  

    The only organization I've worked for, so i'd say its the best organization i've worked in

    Analyst (Current Employee) Melbourne (Australia)

    ProsBig on community and collaborative culture. NAB values diversity and promotes employee engagement .

    ConsMultiple layers of decision making and less of innovation

    Advice to Senior ManagementFocus on new generation banking. More digital , more accessible and timely delivery of service needs to be a priority.

    Yes, I would recommend this company to a friend

     

    Great company to work for. Innovative

    Anonymous Employee (Former Employee)

    ProsFair to employees and empowering culture. Strong company values and excellent support of personal work-life situations. Willing to invest in technology to provide great customer experiences.

    ConsBeing a large organization, NAB suffers some of the same issues as other very large companies in terms of slowness in decision making and execution.

    Advice to Senior ManagementFind a way to move the decision process to another level in terms of speed to final decision from initial recommendations.

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