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Transamerica

Part of Aegon

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Transamerica reviews

3.6

61% would recommend to a friend

(1,942 total reviews)

Will Fuller

80% approve of CEO

61% positive business outlook

Transamerica has an employee rating of 3.6 out of 5 stars, based on 1,942 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Transamerica employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

2K reviews
1.0
Oct 4, 2013
Recommend
CEO approval
Business Outlook

Pros

Mostly good people in Baltimore and Exton. Plano has it's share of weirdos.

Cons

Cedar Rapids and the Investments people in Baltimore, they'll stab their own mother to get one step ahead. Don't try to say "Hello" in the hallway to either. Try forcing you to donate to United Way or whatever charity of the week they're using to gain publicity. They'll try anything to make money (and usually fail) : Truck Leasing, movie industry, stocks and money markets...I wouldn't want to buy insurance from a truck driver. They don't even own the building they use as their logo...who does that? The International Executives think they're the best thing since sliced bread.

1.0
Sep 9, 2019
Recommend
CEO approval
Business Outlook

Pros

Great location in downtown Denver. Great insurance benefits. 3% 401K matching.

Cons

I was told I would be working on a new project that was essentially rewriting this old legacy code base written in visual basic. I stated specifically and repeatedly that I didn't want to work on that old legacy code written in visual basic, and that the only reason I accepted the position was to write the new stuff. Guess what happened? They put me exclusively on that old legacy code written in visual basic. I asked repeatedly to be taken off that project as it was not what we discussed, only to be told "oh we'll move you soon". I was still on the project after 11 months with no end in sight. Being a financial company, there are large amounts of regulations. TA doesn't streamline ANY of these so everything is slowed to a crawl. One line code changes take 2-3 months to get deployed. I didn't have write access to the TEST DATABASES! TEST! I had to go through change control to do a SQL update. IN TEST! I also saw multiple deployments take literally 8 hours. That process isn't in any way intuitive or streamlined. Oh and deployments are always outside of work hours, and sometimes on weekends, so that's a thing too. 8 extra hours of work on a Saturday because of inefficient processes. Thanks guys. Oh and what do you get for working 8 extra hours? A Bravo award! Which is basically a gift card. Thanks, that $50 gift card really makes up for a full days worth of extra work on a weekend. Management does NOTHING to change anything. We get emails all the time that are corporate jargon with 0 substance and all buzz words. Management is completely out of touch with their employees. TA is now replacing full time employees and contractors with offshore contractors to save money, so be wary, they do not care about you as an employee. Which was apparent from day one.

2.0
Apr 17, 2018

Terrible, awful, bad, bad, bad!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

1. They offer a competitive salary and a bonus (contingent largely on company performance) that is almost always paid out. 2. Average benefits.

Cons

1. The General Ledger isn't live. It updates overnight, so you better hope you didn't make a mistake on your journal entries because you won't find out until the next day. 2. Too much is done in excel. Imagine have 50+ excel files (not exaggerating) all linking into each other. Imagine that of those 50+ files some are owned/maintained by other people/departments/etc (even your own files are subject to being changed by another person). Now imagine what happens if one of those other owners decides to add a column or row to one of their files or even delete a cell. You guessed it, everything blows up. Now imagine trying to explain to your manager why your file/files are pulling N/A or Errors when you didn't change anything. 3. Micro management. Even if the boss says they don't care how you perform a task don't believe them. If you do give it the college try, be prepaid to have to re-do everything later. 4. You need to get use to the fact that when you're wrong you're wrong, and when you're right you're wrong. 5. According to some managers, deadlines don't matter (unless it's a deadline that they've created). 6. Backstabbing, in fighting, and throwing people under the bus is common through out all levels (from interns to senior management). One manager even promotes it. With in my first week of employment I was told not to trust anybody (including management). People have intentionally not sent documents on time just to get back at others. 7. Stay far far far away from anything investment department related.

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Transamerica Response
8y
You hit on a lot of points, and we won’t be able to address all of them here. As always we appreciate your feedback. If you have concerns about the culture of your team, and don’t feel comfortable speaking with your manager, I would strongly suggest working with your HR Business Partner. We want the culture to be one of positivity and excitement – we can only do that with your help and insight.
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