Toxic culture with promotion bias and low pay - Actuarial Associate Lloyd's Employee Review

MRC have got it wrong with promotions both in the Capital (and Reserving) team(s) in the last 18 months. You will find it difficult to get promoted through your work and easier if you are in a loving relationship with your manager or lots of people leave and they can’t find anyone external to take the low salary compared to other roles in the market. Unfortunately people that actually do the work and grind in the background consistently get overlooked and those that have the talk but don’t actually do any work seem to move up the ranks where ironically they do less work. It’s surprising that leadership doesn’t recognise the people keeping things ticking along. The culture is extremely toxic. There are a few people still around who are good to work with but be warned before joining especially the capital oversight team. I would not recommend joining capital oversight under any circumstance. It operates completely on favouritism. I’ve now left the corporation but read through other reviews on here and they are very accurate.