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M&G Reviews

Updated 18 October 2017
51 reviews

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UK - All CitiesFull-timePart-time

3.6
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Anne Richards
15 Ratings

51 Employee Reviews

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Pros
  • Great work life balance and fairness (in 42 reviews)

  • But always treated like a part of M&G family :) (in 11 reviews)

Cons
  • M&G has changed a lot over the last 18 month- 2 years (in 9 reviews)

  • Flat structure (Can be seen as positive or negative) (in 5 reviews)

More Pros and Cons

  1. Featured Review

    "M&G"

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

    I have been working at M&G full-time

    Pros

    Flat hierarchy, collaborative team culture, excellent work/life balance, company is big enough to be a credible market player but small enough for individuals to make a difference

    Cons

    Investment staff tends to stay at M&G for many years, which is not a bad thing in itself but can limit upward mobility in certain departments

    Advice to Management

    Try to encourage entrepreneurial spirits


  2. "Not for those in a hurry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Manager in London, England
    Current Employee - Team Manager in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at M&G full-time (More than a year)

    Pros

    Work/life balance (for most people) - it's a way to work in the City without crippling long hours. There's hardly anyone left at 6pm.
    People generally very nice. More diverse than you might expect - definitely not pale male and stale.
    Not as hugely influential as it perhaps used to be, but still well known and well respected by customers and competitors.
    Bits of it are doing some interesting new things - there are some v bright people in parts of the business.
    Good pension scheme.

    Cons

    Senior leadership does not set a good example in terms of taking difficult or bold decisions.
    Linked to that (lack of self confidence?) there's massive over use of consultants and contractors and it seems to be getting worse. Can't take a decision? Get a consultant in to do a very average piece of work and just go with that. Need resource? Get all your mates in as contractors. Sometimes for *years*.
    Meanwhile there's some good junior & mid level "permanent" talent with good ideas getting frustrated and demotivated.
    While overall diversity is good, there's little diversity on the investment floors and at senior levels- it is changing painfully slowly.

    Advice to Management

    Walk the walk. Set an example.


  3. "Good Asset Manager, but needs to move with the times."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in London, England
    Current Employee - Analyst in London, England
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at M&G full-time (More than 3 years)

    Pros

    Good work life balance.
    Friendly people.

    Cons

    Teams working in silos.
    Consequently some inefficiencies across the business.
    Needs better training for juniors.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Fab Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in London, England
    Former Employee - Administrative Assistant in London, England
    Recommends
    Approves of CEO

    I worked at M&G full-time (More than 5 years)

    Pros

    Great work life balance and fairness.

    Cons

    promotion can be a bit difficult as a flat structure


  6. Helpful (1)

    "Not what it used to be"

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

    I have been working at M&G full-time (More than 3 years)

    Pros

    Good work life balance
    Flexible working hours/work from home for some people
    Nice people

    Cons

    M&G has changed a lot over the last 18 month- 2 years. It has gone from a genuinely lovely place to work to a place where the majority of people seem stressed and demotivated as a result of being overworked and under valued.
    Silos and a very unclear structure mean that teams do not know what other teams do and it is not clear a lot of the time who is responsible for what.
    Young talent isn't nurtured and there aren't many opportunities within M&G due to a low turnover of older/more senior staff meaning young people use it as a stepping stone.
    Below average pay and bonuses. M&G refuse to pay you the going rate for your role but when you leave because of this, they pay the going rate to bring someone in. They are also happy to pay for contractors (of which there are many) despite not paying perm staff as they should.

    Advice to Management

    If you value your staff, show it.


  7. "Overall: Happy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Services Administrator in Chelmsford, England
    Current Employee - Client Services Administrator in Chelmsford, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at M&G full-time (More than 5 years)

    Pros

    Great atmosphere, approachable senior management, openness, opportunities to move internally, as a company M&G is interested in your personal development. 25 days base holiday and private medical cover. The option is also available (recent development) to purchase additional holiday days. Staff are largely friendly.

    Cons

    Occasionally hard work is given less reward than those who do not work for it - counterproductive. Budget cuts are more noticeable. Some staff have an 'old' mindset.

    Advice to Management

    Don't overburden competent employees. Provide flexibility for employees and encourage personal development for your team.


  8. "Relaxed workplace but with silo teams and organisational restructuring issues"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in London, England
    Former Employee - Analyst in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at M&G full-time (More than 3 years)

    Pros

    Great friendly people with lots of 'extra curricular' activities and events - summer party, golf day, softball, movie screenings to name a few. Work life balance is great and most people in ops and IT are out by 5.15-5.30. People willing to help out. Internal mobility possible and many do so, which help add variety to role.

    Cons

    Silo team effect where you don't know the team next to you are doing and sometimes cross team collaboration can be challenging. The analyst roles are contained and don't let individuals branch out and diversify unless to change teams or internal transfer. Senior management have chopped and changed team structures too much especially after large redundancy round in Nov 2016. Not enough thought to resourcing issues and cross portfolio team communications adding to the silo effect at M&G. Relatively new senior management seem a bit too keen to change things dramatically. M&G has changed more in the last 18 months than it has in 18 years....

    Advice to Management

    Get more employee feedback on changes even before they are decided. Add flexibility to employees roles and have more cross portfolio communications. Have some informal drop in sessions with non senior employees. Have an open door policy to employees can approach you. Stop changing team structures every year/ few months. Allow ease of mobility between portfolios teams especially if employees are not happy with their placement.


  9. Helpful (3)

    "Nice place to work if you're middle aged and want security"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in London, England
    Current Employee - Business Analyst in London, England
    Neutral Outlook
    Approves of CEO

    Pros

    Nice and friendly environment
    Well recognised brand on your CV
    Flexible working hours and good work-life balance
    Generally, this would be a place where you want to work later in your life when you don't want to focus much on your career and want to have an opportunity to accommodate your work around your personal life.

    Cons

    Slow decision making
    Not many opportunities to progress in your career, especially if you're young
    Aged technology

    Advice to Management

    Do more to promote staff


  10. Helpful (1)

    "Good place to work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Chelmsford, England
    Current Employee - Manager in Chelmsford, England
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at M&G full-time (More than 10 years)

    Pros

    Great Work Life balance. Values good people. Seen many employees stay for a long career or even return after leaving.

    Cons

    Not many opportunities for promotion, usually need to move sideways and develop a new focus. This can lead to young people using the company as a stepping stone.


  11. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Services in London, England
    Current Employee - Client Services in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at M&G full-time

    Pros

    Work/life balance good. Management is supportive. Salaries are competitive.

    Cons

    Departments differ significantly in terms of structure, most people don't know what the team sitting next to them does.

    Advice to Management

    Promote integration with more awareness sessions around the company as a whole and different departments.


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