M&G plc Employee Reviews about "m amp g"

Updated 24 Aug 2020

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Found 12 of over 326 reviews

3.9
75%
Recommend to a Friend
72%
Approve of CEO
M&G plc CEO John Foley
John Foley
51 Ratings
Pros
  • "Really friendly team that encourage a good work-life balance(in 78 reviews)

  • "Flexible working, great IT equipment and very modern offices(in 16 reviews)

  • Cons
  • "m amp g(in 16 reviews)

  • "Career progression can be limited in certain roles(in 8 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "m amp g"

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    1. 5.0
      Current Employee, more than 5 years

      Unknown

      24 Aug 2020 - Senior Auditor in Edinburgh, Scotland, Scotland
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great culture, good work life balance, more could be done on flexible working.

      Cons

      Work life balance seems better at m&g

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    2. 2.0
      Former Employee, more than 3 years

      Overwhelming Change

      31 Mar 2020 - Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people, so much to learn from. Good coffee, very nice office. Good work life balance and work from home.

      Cons

      I have never worked somewhere that has changed so much in such a short period of time. Over the 2.5 years I worked there, M&G went from like a old fashioned asset manager, to a cold corporate soulless place. Unfortunately the Glassdoor ratings seems to corroborate my experience. Massive amounts of change in every part of the business where pretty overwhelming for staff. Friendly and visible top-management disappeared and were replaced with stale old corporate types. Over time the emergence of a few ugly harassment cases against women in the media shed light on fairly seedy behaviour that management seemingly turned a blind eye to. This reinforced an ugly perception I had from our shocking gender pay gap report. I recently read that M&G stood for Mean and Greedy. It's really tragic to see such a nice place decline so precipitously.

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      6 people found this review helpful
    3. 2.0
      Former Employee, more than 5 years

      Not as good as it used to be. Future looks bleak.

      21 Apr 2020 - Technology in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Immediate team members make work enjoyable and rewarding. Building is modern and flexible working options are great.

      Cons

      Lots of ongoing change following demerger with no vision. Board are invisible, not approachable and have little concept of people values. M&G employees who made the company great are being pushed out. Salary and bonus is poor relative to industry.

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      5 people found this review helpful
    4. 3.0
      Current Employee, more than 8 years

      Invest in staff

      9 May 2019 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      New office, casual dress and Agile working within the office and at home. Pleasant colleagues. Approachable management for work queries. Aside from a pretty low morale, the culture is nice and has developed quickly, a bigger push on bringing the 'whole you' to work with culture and gender groups being set up.

      Cons

      Uncertainty - redundancies and demerger, feels like we're being packaged up to be sold off. Changes in title and more work (a promotion) without being compensated; not uncommon here. Diligent staff can be taken for granted and pick up slack for other staff for the long term; leads to an increase in the number of staff being signed off with stress due to high workload and a lower morale. Communication on important issues is lacking (business change, staffing, Gender Pay, where the company is going) Lack of encouragement for career progression or internal moves. The company previously felt more like a family but many M&G old faces are leaving/being made redundant so I fear the knowledge within the company is lessening as time goes on, with more contractors coming in.

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      8 people found this review helpful
    5. 3.0
      Former Employee, more than 3 years

      Relaxed workplace but with silo teams and organisational restructuring issues

      13 Jul 2017 - Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      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....

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    6. 1.0
      Former Employee

      Fund Accounting

      21 May 2016 -  in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work/life balance isn't too bad. Generally 9-6. 9-5 for half the time when it's not too busy.

      Cons

      M&G is an asset management company and is a subsidiary of Prudential. The asset management company is split between the management of retail and institutional funds and the management of Prudential funds. The role I was working on was reporting for the Pru funds and the culture and atmosphere is similar to working for a third party administrator. I believe that this is not necessarily the same for other parts of M&G. However it is important to emphasise that the investment operations of M&G which focuses on Pru funds has a very high staff turnover. Furthermore staff surveys carried out every 2 years had a very poor feedback from staff, much worse than the other parts of M&G. Personally I wouldn’t recommend working at M&G if it is to work on the Pru funds. Senior managers seem to have been promoted purely because they have worked at the company for 20 + years rather than on their ability to do their job. Until these managers retire maybe in 10 to 15 years, I cannot see the culture changing that much and turnover will remain high. Most staff either seem to have worked there for 10 years or more or less than 1 year. This shows a lack of career opportunities for new employees at various levels of seniority.

      7 people found this review helpful
    7. 3.0
      Current Employee, more than 3 years

      Not what it used to be

      21 Aug 2017 - Business Manager in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      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.

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      8 people found this review helpful
    8. 2.0
      Former Employee, more than 1 year

      Ok, but not amazing

      24 Nov 2016 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      If you want to leave at 5pm and enjoy a work life balance - this is it. Solid name on a CV, old established name in the industry.

      Cons

      This is a frustrating place to work if you want to be at the vanguard of asset management. M&G is resistant to change, not innovative and has not had clear direction from the top for many years. Board members have been at the firm for so long they don't see any other way of doing things. Talent leave and flourish elsewhere. The culture is cliquey and rooted in favouring those who've been there the longest. It can be disheartening to work with staff that focus on leaving at 5:01pm, particularly if you're used to a faster higher-charged environment.

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      5 people found this review helpful
    9. 4.0
      Current Employee, less than 1 year

      Graduate

      7 Aug 2015 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The culture at M&G is amazing, everyone is friendly and helpful. Work-life balance is a priority in the company. As a graduate, you benefit from a privileged position: you have support for professional qualifications, visibility in the company, networking opportunities, ... Amazing working environment.

      Cons

      M&G is a very traditional business, the systems are outdated - therefore a fair bit of unnecessary manual work , but modernisation is on its way.

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    10. 4.0
      Current Employee

      M&G

      8 Jul 2017 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      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

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      1 person found this review helpful
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