MGIC Investment

  mtg.mgic.com
  mtg.mgic.com

MGIC Investment Reviews

Updated 13 November 2014
Updated 13 November 2014
19 Reviews
3.5
19 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
MGIC Investment Chairman and CEO Curt S. Culver
Curt S. Culver
13 Ratings

Employee Reviews

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  1.  

    Great Place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Analyst in Milwaukee, WI (US)
    Current Employee - Risk Analyst in Milwaukee, WI (US)

    I have been working at MGIC Investment full-time (less than an year)

    Pros

    We have some of the most experienced people in the business; even though we have good pay and benefits, we have the lowest expenses of our peers.

    Cons

    Change happens slowly. But people are open to it.

    Advice to ManagementAdvice

    Focus on personal growth and development. A lot of people are getting close to retirement and the next tier wants to step up to the challenge. We need opportunities to prove ourselves.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    The Worst place I have ever worked

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Office in Milwaukee, WI (US)
    Former Employee - Office in Milwaukee, WI (US)

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    None it was a job

    Cons

    In order to get ahead in the company you have to be a kiss butt. The bosses they hire have no experience for the job that you are doing. I was there for 30 years never got anywhere as far as moving ahead the management all sticks together.

    Advice to ManagementAdvice

    You all suck big time it was the most stressful time in my life. How come all the little people get laid off but yet there is 4 bosses to 4 employees in the department. There is a lead at every other desk but yet no one to lead because all the regular employees have been laid off. Why aren't the lay offs reported in the Milwaukee Journal? Is it because MGIC only lays off 5 employees at a time so they can be in the best work place award to work? There have probably been more than a 100 layoffs in the company but never hits the paper. Worst place ever to work.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Good pay and excellent benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wisconsin in Milwaukee, WI (US)
    Current Employee - Wisconsin in Milwaukee, WI (US)

    I have been working at MGIC Investment full-time

    Pros

    Management works hard to keep morale up.

    Cons

    Dealing with too many bosses.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    MGIC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Contract Underwriter in Remote, OR (US)
    Former Employee - Contract Underwriter in Remote, OR (US)

    I worked at MGIC Investment as a contractor (more than an year)

    Pros

    Great/ user friendly computer system and access to investor guidelines. Excellent support from management , supervisors and co workers.

    Cons

    Lack of benefits as contractor

    Advice to ManagementAdvice

    None, always there for me.

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Underwriter

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

    I have been working at MGIC Investment full-time (more than 5 years)

    Pros

    Great salry, benefits, stability and longevity. Company culture is great with excellent experienced people in place to facilitate success.

    Cons

    There are no negative comments at this time. The only thing I would comment about is that for those who are looking to advance, the opportunities are slim as most employees stay within their positions for many years.

    Advice to ManagementAdvice

    Management for the most part is very responsive and clearly identify expectations and job performance goals.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    I am having an enjoyable experience with MGIC.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner in Milwaukee, WI (US)
    Current Employee - Claims Examiner in Milwaukee, WI (US)

    I have been working at MGIC Investment full-time (more than 3 years)

    Pros

    There seems to be a genuine concern for the employees and the employee environment.

    Cons

    There could be more attention to the schedule for claims and the production requirements. The requirements seem to be discriminatory.

    Advice to ManagementAdvice

    Pay attention to the employee suggestions.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Lacked career advancement opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Specialist in Troy, MI (US)
    Former Employee - Customer Service Specialist in Troy, MI (US)

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    Easy work for great pay. Overall a good group of co workers. Close to home. Good area to work in.

    Cons

    No room for advancement. Waited 10 years to be trained as an underwriter and it never came to fruition. They would hire external people to fill internal positions. Management were all biding their time until they retired. They did not listen to employee concerns. Fostered a "just be lucky you have a job" attitude amongst all employees.

    Advice to ManagementAdvice

    Listen to employee concerns. Give them a chance to prove themselves worthy of more responsiblity.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Still struggling with its claims backlogs from the housing crisis and great recession.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Milwaukee, WI (US)
    Former Employee - Business Analyst in Milwaukee, WI (US)

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    Company beginning to turn the corner, but handling of rescissions from crisis will impede rebound. Many clients are smarting from the companies methods of claim denials. Moving to a purchase money business will help NIW and persistency and profitability. Improving values will help default rates. Could this finally be some light at the end of the tunnel?

    Cons

    High levels of uncertainty, stability and lack of internal opportunity. Company continues to be in a retrenching.

    Advice to ManagementAdvice

    A little humbleness would go a long way.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Save IT

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

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    The people at MGIC are their most powerful and positive asset. The longevity of the staff is amazing in these days and times. This company in its original form gave me a GREAT deal of opportunities for advancement of my skills and position.

    Cons

    MGIC use to have a very cooperative environment. Sadly, recently changes have been put in place that not only impede but forbid communication between individuals trying to get a product/project completed. It use to be everyone would chip in to help get things done but recently MGIC (and IT in specific) has become a shark tank were you do your best to point out what everyone else is doing wrong so you don't fall into the bottom 10%. This company has done a complete 180 in their mentality which is sad because its the quality of communication and compassion that have seen this company through some really awful economic times in the last several years.

    Advice to ManagementAdvice

    Learn the precepts of change management!

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11.  

    Family first environment... loved it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter in Troy, MI (US)
    Former Employee - Underwriter in Troy, MI (US)

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    Great working environment with competitive pay.

    Cons

    Nothing negative about this company.

    Recommends
    Neutral Outlook
    Approves of CEO

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