MAGMA Fincorp

4.1
magma.co.in
31 Years Old
Kolkata, India
Investment Banking & Asset Management
5001-10000
Private

Reviews' Summary from 407 reviews

4.1 / 5

Skill development

4.0

Company culture

3.8

Work-Life balance

3.8

Job Security

3.8

Work Satisfaction

3.7

Salary & Benefits

3.7

Career growth

3.4

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Working Days

Office Travel

Work Timings

Strict

Flexible

MAGMA Fincorp Reviews

1 - 10 of 407 ReviewsSort By: Popularity  |  Latest

Good
Average
Average
Average
Good
Average
Average

Likes

MAGMA IS PURELY INTO FINANCE BIZ. AND ALWAYS LOOKING FOR NEW AVENUES OF BUSINESS . EMPLOYEES ARE COMING FORM VARIOUS CULTURES . WORKING ATMOSPHERE WAS
GOOD . COMPANY S RE HIRE POLICY WAS ALSO ATTRACTIVE TO THE EX EMPLOYEES .

Dislikes

GROWTH IS SLOW . SALARY PACKAGES ARE GOOD ON PAPERS ONLY . WORK PRESSURE WAS HIGH AND ALSO NO NO RECOGNITION OF HARD WORK OF EVERY EMPLOYEE . WORKING HOURS ARE SO LONG .

Work

HAD A CHALLENGING ROLE .WAS RESPONSIBLE FOR ENTIRE PRODUCT (CAR LOANS ) WHICH INCLUDES SALES ,MARKETING ,CHANEL DEVELOPMENTS , COLLECTIONS AND P D D COMPLETIONS . TRAVELLING WAS WITH IN A REGION WHICH WAS SOME TIME HECTIC DUE TO LONG WORKING HOURS .

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Working Days

Monday to Saturday

Job Travel

I have to travel within country

Work Timings

10:00 AM to 8:00 PM (strict)

Facilities

Health insurance

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349 views

349 views


Average
Average
Average
Average
Good
Poor
Average

Likes

No doubt Magma reached a height on the basis of continuos hard work and iinovative ideas of upper management. Magma starts its business with a very small team but as of today its a very big organisation where people dream to work. I also join Magma as an executive and still working here because the most admirable thing is security of female employees. I also learnt a lot after spending 11 years.

Dislikes

One thing which I dislike is the unnecessary influence which simply harms the organisation by give positions and employment to people who really do not deserve the same. Those people again shows their power and do whatever they like to.

Work

Previously we use to work in a free without any pressure but nowadys we could not work like that and everytime people tries to create unnecessary pressure. Though I work in a legal department we ve to be alert and apply our mind n need some space.

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Working Days

Monday to Saturday

Job Travel

I do not have to travel. It's a desk job.

Work Timings

10:00 AM to 6:00 PM (strict)

Facilities

Health insurance

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86 views

86 views


Good
Poor
Average
Good
Good
Terrible
Poor

Likes

The company is open to innovation and readily adopts latest technology, I am a part of team that markets reliable, high quality products and has a good customer base. As a result.

Dislikes

Compensation is decent, but growth is slow.the work pressure is very high, I have to work 14-18 hours straight in a day as i have attend customer calls in the evening and sometimes late into the night. Managers do not value an individuals, unique strengths, which is why I have to take back my suggestions mostly go unnoticed during my mid-year appraisals. Also there is not on-job training for freshers, hence senior folks lime me have guide them step-by-step,which is a pain sometimes.

Work

Generally speaking, my work is slightly challenging as I have to look after the entire product marketing and distribution life cycle as well as manage day-to-day yields operations pitching for my company as a marketer gents tiring and the task.

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Working Days

Monday to Saturday

Job Travel

I do not have to travel. It's a desk job.

Work Timings

9:00 AM to 10:00 PM (strict)

Facilities

Soft skill training

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246 views

246 views


Poor
Poor
Average
Poor
Average
Poor
Poor

Likes

Worked in Magma for ~15 years. Company management was always been working for betterment of company as well as employee's. Promotion and increment scopes were high and also training's were provided time to time for individual grooming and growth. Though timings were not that fixed but still employees work on their will. It's till 2015. By 2015, company has changed the Management and structure.

Dislikes

Magma was very good company till 2015, then they have changed style and low profile team put at Management level which has changed complete scenario and company reputation. Work life balance and self respect got ruined due to this. Attrition level increased to very high level. Due to new structure, no scope of promotions and negligible increments. Promoting incentive structure which is unrealistic and non-achievable. Hope structure would change and so the company reputation....

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Working Days

No holiday..

Job Travel

I have to travel within country

Work Timings

flexible

Facilities

Health insurance

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111 views

111 views


Good
Average
Average
Average
Average
Good
Average

Likes

One of the leading Nbfc of the country having good products mix and pan india presence. Customer profile is non premium segment.but the target customer is the unserved people. Handling a great in-house of team strength of 55 people consists team leaders managers and line team . company is focussing in overall growth and adapting technology enhance ment for better process control.
Over all till now it's satisfactory working here.

Dislikes

Need improvement in salary structure,company working culture. Need to adopt corporate culture rather than babu culture. People need to be more professional than personal.and work towards the benefits of organization.

Work

Needles to say my job profile demands extensive travelling.so work life balance remains in constrain.

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Working Days

Monday to Saturday

Job Travel

I have to travel within country

Work Timings

flexible

Facilities

Health insurance

Job training

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110 views

110 views


Excellent
Average
Average
Average
Average
Poor
Average

Likes

Teammates and Senior Management are very friendly and supportive, Salary system was very good always on time, training and support are time to time and per business requirements

Dislikes

Politics at every level, work life is not balanced, sometimes you have to work on Saturday & Sundays. Higher management takes the credits and appraisal favors for opening the office for the same days.

Work

Responsible for Finance, Business Development, Collections, Team Management, Lead Management, Product Management B2B Management, Internal Communication.

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Working Days

Alternate Saturday Off

Job Travel

I have to travel within country

Work Timings

9:30 AM to 7:00 PM (strict)

Facilities

Team outings

Soft skill training

Health insurance

Job training

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108 views

108 views


Good
Average
Average
Good
Average
Average
Average

Likes

I would like to share my personal experience with Magma. Company policy is good, system generated work, much more to learn, good atmosphere & good culture. Two Saturdays off policy also a good policy to spend time with family or some personal works. Over all nice company.

Dislikes

Office set up is not like that as per office location and office staff seating arrangements also should be change but it's ok over all good.

Work

It's really nice to work with company, seniors and colleagues also nice.

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Working Days

Alternate Saturday Off

Job Travel

I have to travel within city

Work Timings

flexible

Facilities

Soft skill training

Health insurance

Job training

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246 views

246 views


Poor
Terrible
Poor
Average
Average
Poor
Terrible

Likes

Company was having a great vision and the management was working upon it till 2015. Employee were treated as assets.

Dislikes

Work life balance at its bottom, can't think below it. Salary is unexpected and cannot be calculated. Hypocrite about package and salary, totally based on incentive, that too unpredictable.
Growth is only meant for some special cases, near to bosses, although unable to read or write are at good positions. Rest all are fools. Company is now targeting employees money.

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Working Days

No holidays

Job Travel

I have to travel within country

Work Timings

10:00 AM to 5:30 AM (flexible)

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94 views

94 views


Poor
Excellent
Poor
Poor
Poor
Poor
Terrible

Likes

Magma work life is fake salary for lower worker as very dificult task and isssue is very critecal company

Dislikes

Not good career growth compny was focaused at only for new csm and fo sr. Fo was not comfort for vissines it becuse csm was tag code at fo sourcing business and files and compny hr cut salry for fo and sr. Fo no conveance claim for petrol

Work

Good

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Working Days

Monday to Friday

Job Travel

I have to travel within city

Work Timings

9:00 AM to 9:00 PM (strict)

Facilities

Free transport

Work from home

Free food

Team outings

+3 More

Soft skill training

International relocation

Job training

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101 views

101 views


Good
Good
Average
Average
Poor
Average
Good

Likes

The company is open to innovation and readily adopts latest technology

Dislikes

Compensation is decent, but growth is slow,. The work pressure is very high. Sometimes, I have to work 10 hour straight in a day as I have to attend client call in the evening and sometimes late night. Managers don't value an individual s unique strength, which is why I have to take back my suggestion most of times.

Work

Good

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Working Days

Monday to Saturday

Job Travel

I have to travel within city

Work Timings

9:30 AM to 6:30 PM (strict)

Facilities

Job training

Show Less

52 views

52 views


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