MLC Reviews

3.4

72% would recommend to a friend

(223 total reviews)
avatar

Kent Griffin

27% approve of CEO

50% positive business outlook

MLC has an employee rating of 3.4 out of 5 stars, based on 223 company reviews on Glassdoor which indicates that most employees have a good working experience there. The MLC employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

223 reviews
5.0
Feb 18, 2022

Salary

Recommend
CEO approval
Business outlook

Pros

Good entry level position for someone wanting to start

Cons

I can't really think of anything negative to say at this time.

2.0
Jan 22, 2016
Recommend
CEO approval
Business outlook

Pros

Work from home / flexible hours Onsite child care (long waiting list though) Some strong leaders among the pack

Cons

Mainframe technology and a website that's barely functional. No mobile app! Thirty years of bandaid fixes and manual workarounds with our technology makes implementing change a game of jenga. 105 Miller is overcrowded. Good luck finding an available meeting room. If I arrive later than 9:15am I'll miss out on a flexi-desk and have to sit in the naughty corner on another floor away from my team. The culture has been going downhill ever since the AVIVA integration a few years back. Most large projects are delivered 10 years too late. MLC only recently moved their banking from Westpac to nab (nab bought MLC in 2000). Dealing with the offshore technology Help Desk can cause chest pains.

2.0
May 19, 2019
Recommend
CEO approval
Business outlook

Pros

Note: Please note that MLC Life is now different from MLC. It's a separate entity that focuses on life insurance. MLC Life started off really well with a very forward-thinking CIO (2017- mid 2018), a few strong Agile-minded Head of departments. Hiring was focused on the right type of attitudes and characters that embodies a modern, technology company. Comfortable place if you play the game well - you an remain there for quite a while very comfortably.

Cons

1. Top level management are all very old school - traditionalists whom does not understand how to run MLC Life as a technology company, which leads to point #2 below. 2. Technology execs are not technical and more importantly, are not forward thinking - the new CITO is from another bank, the CIO, and next in lines are all his (CITO) friends who runs banks, old-school way. Nepotism is the way to go there it seems now. 3. Quite a few Technology Platform Managers are not technical at all. How do you manage a technology platform if you're not technical? 4. Outsourced responsibilities - MLC Life's processes & governance are all designed to put the blame on specific person. As a result, no one dares to assume accountability. The outcome? Everything is outsourced - so if something goes wrong, it's the 3rd party's problem. Or internally, there'll be layers upon layers of sign offs, so everyone blames everyone when things go wrong. 5. Governance - it's all just paperwork - top level management only cares about what's on paper, not what is actually done. It's a house of cards there not necessarily due to worker's doings but the top level management's attitude. The problem is, they're always covered when it comes to accountability - they never get the blame. It's always the ones they ask to do the dirty that gets it. 6. Sanagi funding - all the funds goes to external contractors in the millions that gets squandered but most internal teams have none (depends on who you know). Sad - it's like the kids of the family don't get any money from their parents, but they would give it to their friends. I honestly do not understand how this works. 7. The most ridiculous part of all - it's all politics and who yells the loudest there. If you sound like you know what you're doing, you get points. If you yell louder than others, you get points and if you know the higher ups, you get points.

Viewing 1 - 3 of 223 Reviews

Glassdoor has 269 MLC reviews submitted anonymously by MLC employees. Read employee reviews and ratings on Glassdoor to decide if MLC is right for you.