MD Financial Management Reviews | Glassdoor.ca

MD Financial Management Reviews

Updated 15 July, 2018
114 reviews

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3.7
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MD Financial Management President & CEO Brian Peters
Brian Peters
83 Ratings

114 Employee Reviews

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Pros
  • "great work /life balance, many employee have the option to work from home" (in 20 reviews)

  • "I work in a Flex role which means I work from home for majority of the time" (in 10 reviews)

Cons
More Pros and Cons

  1. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Positive Outlook
    Approves of CEO

    I have been working at MD Financial Management full-time (More than 10 years)

    Pros

    Great people, various opportunities if you are a high performer.

    Cons

    Not all people are high performers but feel like they are entitled to promotions and they sometimes create negativity.


  2. "Analyst"

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

    I worked at MD Financial Management full-time

    Pros

    Benefits, pension, some colleagues, gateway into financial services industry

    Cons

    Disrespectful (and often unqualified) management, nepotism, non-transparent promotion process, limited career opportunities, the list goes on and on unfortunately ...

  3. Helpful (3)

    "Command, Control and Results-At-Any-Cost"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant
    Former Employee - Consultant
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at MD Financial Management full-time

    Pros

    Some great colleagues.
    Decent benefits.
    Beautiful workspace.
    Relationship with CMA.

    Cons

    Constant restructuring.
    Negative leadership behaviours rewarded.
    Cronyism.

    Advice to Management

    At MD I experienced a male executive who tried to withhold a letter of support and told me 'Math is hard and finance is tough' when I wanted to do an MBA. He had two male MBAs on his team and I supposed he did not see me in that type of role.

    Years later, I am with another organization. And I am an executive with an MBA. He is at the highest leadership levels at MD - and I know for a fact he holds biased views which he is careful to not show openly. This is the profile of leader who reaches EVP at MD.


  4. Helpful (1)

    "Trade Reconciliation Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at MD Financial Management full-time (More than a year)

    Pros

    Friendly people, nice work environment

    Cons

    Low ambition, very limited room to move up, constant turnover, poor management


  5. Helpful (3)

    "Not worth the time"

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

    I worked at MD Financial Management full-time (More than 10 years)

    Pros

    Was a good company 20 years ago. Not anymore.

    Cons

    Poor management
    Workers are left going nowhere unless you have been off work for 10 years in which case you get a management job.
    Worst managers I have ever had the chance to work for.
    Pathethic group. Good luck with Scotia Bank.....now there is some karma.

    Advice to Management

    Get out


  6. Helpful (2)

    "I have been with MD for more than 5 years. Culture is changing, and not necessarily for the better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consultant
    Current Employee - Senior Consultant
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at MD Financial Management full-time (More than 5 years)

    Pros

    Great benefits. Reasonable salary. Great colleagues. When I joined well over 5 years ago I was certain I would retire with this firm on the basis of alignment with my core values. Now...not certain.

    Cons

    There are so many changes in so many different aspects of the business that it is taking away from the value we provide to our members. The viability of a business is arguably in their growth, but one must evaluate at what cost are they willing to undertake to make this happen. Client books are too large to service HNW existing clients, and to continue to bring in new clients. I can assure you my colleagues work hard and long hours, and so it is not from lack of effort. Change should be introduced in reasonable tranches so that the field can continue to service, and continue to add value.

    Advice to Management

    Too many changes pushed down the ranks that seem not well thought through. Change is necessary as the business evolves. Take care of your employees so they can take care of their members.

    MD Financial Management Response

    1 May, 2018 – Talent Strategy

    Thank you for taking time to provide feedback. We’re grateful for your recognition of our great people. At the same time, we’re sorry that your employment experience with us is not fully meeting... More


  7. Helpful (7)

    "Culture of fear and entitlement (fear for workers entitlement for managers)"

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

    I worked at MD Financial Management full-time (More than a year)

    Pros

    Lots of free food, ok benefit program, some flexibility for some roles on work life balance

    Cons

    Food tied to working your lunch hours, fear of job loss used as motivator, clique mentality tolerated in management team, leaders encouraged to keep lists of fireable employees

    Advice to Management

    Stop changing direction with the wind and value your employees. If your willing to pay thousands of dollars for managers drinks and top hotel stays then step up and pay for standard safety equipment. Don't spend so much time looking for people to let go and spend time on how to motivate them. (Stop playing with peoples lives). First all Med-Ed's are all gone due to cost, (then their back), you outsource facilities and IT departments, slash admin staff, oops too many now lets hire more, wait managers are expensive let's trim them too, talk about creating fear within your workforce.

  8. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Ottawa, ON
    Current Employee - Anonymous Employee in Ottawa, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MD Financial Management full-time (More than 3 years)

    Pros

    Clear focus on improving financial outcomes for physicians and their families. Very family friendly. Great flex work environment- trust from leadership that you will get your work done without being micromanaged

    Cons

    Some employees are set in their ways and resistant to change and act like a union. Luckily that's changing due to leadership direction


  9. "Get back to providing a service for physicians"

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

    I worked at MD Financial Management full-time

    Pros

    Good benefits, some work from home options, good co-workers

    Cons

    MD used to be such a great company but management is slowly turning it into a bank type atmosphere. Focus is only on targets (new dollars/new physician clients etc) regardless of what is in the best interest of our clients . Staff is overworked and under appreciated, management is aware of this but chooses to do nothing about it. A big portion of physicians money is put towards flying management around the country and paying for expensive meals which is extremely wasteful and could be put towards better things. They are also choosing to cut costs by outsourcing a lot of head office roles. Focus seems to be only on short-term needs not a long-term plan. The only people thriving at this company are the managers- if you are a lower ranking than this, don't expect any support or appreciation- they DO NOT CARE

    Advice to Management

    Appreciate the people that you have, go back to providing a great service for physicians instead of worrying about targets so that you get your big bonus every year

    MD Financial Management Response

    9 Apr, 2018 – Talent Strategy

    Thank you for taking time to provide feedback. We’re grateful for your recognition of our great people and our commitment to work-life integration. At the same time, we’re sorry that your... More


  10. Helpful (4)

    "Shark infested."

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

    I worked at MD Financial Management full-time

    Pros

    Compensation was good at some point and then taken away.

    Cons

    It's not what you know, it's who you know in this company. They hire and promote their friends and family. You will survive if you know how to swim with the sharks. Speak up against management and their cronies and you are a target for dismissal.


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