Pros
Mutuality helps senior managers not make decisions driven by Wall Street analysts and stock price. Pay is pretty good.
Cons
CEO approves layoff off 5-8% of workforce after company earns over 24 Billion in revenue. Decision made because he didn't keep his eye on expenses and missed profit targets. All you hear about is Diversity, but senior management is still all white guys with some white women thrown in to at least show gender diversity. None of them resigned to encourage diversity either. If you are a policyholder, you're in good hands. If you are an employee, you are expendable and will be. Promotions don't really happen. Lateral moves and more responsibilities are the norm. HR calls it "Latticing". Bonuses are terrible, they create unrealistic targets and rank and file employees get low payouts while the company breaks sales records. All you hear internally all year long is how great the company is doing, until it's bonus time....then....well, we missed the targets...sorry. Health benefits are disturbingly bad...high deductible health care...employee is responsible up to either the first $5,000 or $9,000 of annual cost. Company gives $500 here and there if you jump through hoops. Forced everyone in the company a few years ago to adopt an efficiency process for manufacturing environments called Lean Six Sigma. Made it company wide instead of where it was needed, wasting everyone's time to create a reportable metric ensues. Before you apply at MassMutual ask someone who works there about the environment and culture....no one is happy. Everyone feels burnt out. They would leave if they could. Don't believe me....do your research. Good night and good luck.