Ontario Teachers' Pension Plan Reviews | Glassdoor.ca

Ontario Teachers' Pension Plan Reviews

Updated Sep 13, 2019

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Found 136 reviews

3.8
StarStarStarStarStar
Rating TrendsRating Trends
67%
Recommend to a Friend
79%
Approve of CEO
Ontario Teachers' Pension Plan CEO 	Ron Mock
Ron Mock
61 Ratings
Pros
  • "Work life balance is something of importance to the company and they strive to protect that for thier employees(in 20 reviews)

  • "Positive and collaborative work environment, competitive salary and a defined benefit pension(in 18 reviews)

Cons
  • "You could argue that location (Yonge and Finch) is an issue, but the subway commute is pretty smooth(in 8 reviews)

  • "location is a little bit far from downtown(in 5 reviews)

More Pros and Cons
  1. "OTPP has been fantastic and is a great place to grow your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Devops Engineer in North York, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ontario Teachers' Pension Plan full-time for more than a year

    Pros

    A fantastic place to develop your career. Very talented teams to work with. Good benefits, health and dental. Good salary for most positions. Good location near the subway.

    Cons

    Tough to get changes across. Not very work from home friendly. Big organizational changes. Too many conflicting technologies. Not a lot of lunch options.

    Advice to Management

    Please cut down the politics on getting changes through!

    Ontario Teachers' Pension Plan2019-07-11
  2. "Very good company to retire"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer 
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Ontario Teachers' Pension Plan full-time for more than 5 years

    Pros

    - very good people. - excellent work life balance - a lot of opportunities to learn new things - DB pension is very attractive - good benefits

    Cons

    - depending on which team, the impact could be very small - career growth is very slow - a lot of legacy applications to maintain - compensation is equal to or below average (only my personal impression)

    Ontario Teachers' Pension Plan2019-06-14
  3. "Junior employees will get frustrated over time."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Ontario Teachers' Pension Plan full-time for more than 3 years

    Pros

    1) Pay and salary for younger folks is decent (though not outstanding). 2) There are changes that have been introduced or will soon be introduced to help change and improve culture (dress for your day, remote working, etc.), which is a good sign. 3) The firm will relocate to a downtown location in a couple of years.

    Cons

    1) For junior investment employees, it takes forever to get more than 3 weeks of vacation, because doing so depends on getting promoted (see #2 on why that's unlikely to happen). 2) Career development and promotion opportunities at the firm are extremely poor, which is likely why more and more junior folks will continue to leave as time goes on. You do NOT get promoted here for being good at your job. Political... ability and Machiavellianism are more important than your investment acumen. 3) Senior investment employees have been around forever and this has led to a lack of any true innovation or educated risk-taking, and the continued implementation of investment approaches that either don't work or don't make sense. 4) The executive team is "all talk", and they fail to acknowledge that politics, bureaucracy, and stale senior talent are making the firm a difficult place to work for younger people. But there is no incentive for them to change things, because these are the very characteristics of the firm that they rely on to maintain their powerful positions.

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    Advice to Management

    Read the Cons listed above and put in place carefully thought out strategies to resolve them. Don't claim that these issues don't exist. Acknowledge their existence and then work tirelessly to resolve them.

    Ontario Teachers' Pension Plan2019-06-19
  4. "Senior Financial Analyst"

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

    I have been working at Ontario Teachers' Pension Plan full-time

    Pros

    Great team, really nice people, very supportive of family obligation, stability

    Cons

    Can get comfortable and complacent, not conducive to changes. Difficult to move up, progress through lateral move

    Ontario Teachers' Pension Plan2019-03-16
  5. "Pretty Decent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Systems Analyst in Toronto, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Ontario Teachers' Pension Plan full-time for more than 3 years

    Pros

    Team culture is strong. Company visions are clear. Recognition is there for effort you put in. Competitive benefits and pay.

    Cons

    Growth is at a mediocre pace. IT has a negative connotation in the office.

    Ontario Teachers' Pension Plan2019-02-04
  6. "Great workplace!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Ontario Teachers' Pension Plan full-time

    Pros

    Great environment, team mentality, and opportunities for growth

    Cons

    Slower due to the nature of a pension plan,

    Ontario Teachers' Pension Plan2019-02-01
  7. Helpful (5)

    "BAs and Agile Pros Beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Business Analyst in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Ontario Teachers' Pension Plan full-time for more than 3 years

    Pros

    Employees are great. Colleagues try very hard to make up for leadership shortfall.

    Cons

    Technology and Delivery leadership team acts in a vacuum, they're not open to suggestions or points of view that are different from their own. Command and control management style. What is said: collaboration and different viewpoints are valued. What is done: micromanagement and shutting down things that challenge status quo. What is said: We value diversity of thinking and trust our employees. What is done:... Your idea is meaningless until an external consultant is hired to basically restate the idea, then your performance is questioned because you werent able to sell your idea in the first place. What is said: We value learning, experimentation, and an Agile delivery approach. What is done: Strictly waterfall, where timelines and commitments are made by management and the teams have hit those dates.

    Show More

    Advice to Management

    Re-read the OTPP core values and behaviours and actually follow them. Real Agile practitoners will see through the facade being established. Leadership needs to change for Agile to really be successful.

    Ontario Teachers' Pension Plan2019-01-23
  8. Helpful (3)

    "Avoid if you’re young and wants to grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in North York, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Ontario Teachers' Pension Plan full-time for less than a year

    Pros

    I am thinking hard to know what can be pros but can’t think of any.

    Cons

    Being a young professional you will have experience working with old folks sitting in the company for an average of 15 years. The problem with that is, less dynamic mindset and lack of adaptation. They can’t digest new ideas and are not open to any change that hurts their ego. All they know about is what happens in teachers. Their experience and line of sight is too narrow to get adjusted to. Folks that got into... the firm as interns are now directors so they have no idea how the outside world looks like and how to scale a team. Just because they offer a pension plan folks who cares about retirement more are still there. A group of all these old employees can be political. Being a new hire it kills your motivation when you see they aren’t open to ideas and different work styles to bring improvement rather they would do what they think is right. All decisions are taken behind close doors and the team is never on board. I personally don’t recommend this place for young professionals in the field of IT those who believe it exponential growth and want recognition and reward for their hard work. The success point is close to your retirement age. They are still using windows 7 and outlook 2010. No laptops no clear policy of work from home. Offices are too old and crowded. Its hard to get a place in the washroom on a first visit, gotta do multiple rounds to get your turn. Location wise if you have a car, the parking lot is too expensive to park in. 200 bucks a month almost. Only korean and chinese places to do lunches around area. They have a survey mechanism internally that doesn’t seems to be affective at all.

    Show More

    Advice to Management

    Have an open mindset not just talk about it and be open to ideas and appreciate and value those who are willing to bring improvement.

    Ontario Teachers' Pension Plan2019-01-17

    Ontario Teachers' Pension Plan Response

    January 23, 2019Ontario Teachers' Pension Plan

    Thanks for your feedback. At Ontario Teachers’, we pride ourselves on having a dedicated, innovative and high-performing workforce and place great importance on diversity of thought, experience and background. This is an exciting time at Ontario Teachers’ as we are just beginning ...

    Show More
  9. Helpful (1)

    "OTPP is a great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Ontario Teachers' Pension Plan full-time for more than 5 years

    Pros

    Strong brand, and well-deserved excellent reputation globally. Great people and new offices in London and Hong Kong that have a lot of potential.

    Cons

    There are no real cons at OTPP. It is a best in class organization. Good management and operations. They need to continue moving forward with great work on diversity. They do a really good job for pensioners and service to members is always very good and rates as number one compared to their peers in the market.

    Advice to Management

    Keep up the good work and focus on talent and mobility. Great work on culture and transparency as well as progress on diversity.

    Ontario Teachers' Pension Plan2018-11-29
  10. "Great"

    StarStarStarStarStar
     

    I worked at Ontario Teachers' Pension Plan

    Pros

    Great company to work for

    Cons

    No problems here ! ! !

    Ontario Teachers' Pension Plan2018-10-13
Found 136 reviews