What it does: Manulife Philippines offers investment options, life insurance products, and retirement solutions.
Best known for: being the domestic subsidiary of Manulife Financial Corporation, one of the world’s biggest insurance companies
Staff stats: more than 2,000 employees
Financials: Php22.32 billion in total revenue for 2020
The good bits: Manulife Philippines offers an attractive remuneration package that includes domestic and international travel opportunities. Some entry-level roles may also pay up to Php22,000 per month.
The not-so-good bits: Fresh grads should prepare for intense competition, especially for promotions. The competitive work environment may stem from Manulife Philippines’ large workforce, which compels many employees to become top performers.
Manulife Philippines started in 1907 after acquiring a license to operate in the country. By 1999, the company became the Philippine subsidiary of Canadian insurer Manulife Financial Corporation.
Since then, Manulife Philippines has evolved as one of the country’s top insurance providers. The company also operates:
MAMTC functions as an asset management and trust company. MFP is a pre-need subsidiary, while MCBL is a bancassurance joint venture company with China Banking Corporation.
As of 2020, Manulife Philippines has more than 50 branches in key cities and municipalities nationwide.
Manulife Philippines follows different procedures for hiring fresh grads depending on the role. For instance, aspiring financial sales associates go through five recruitment stages.
Applicants should also prepare a valid Barangay Clearance and National Bureau of Investigation (NBI) Clearance. The company also accepts a Police Clearance as an alternative to the NBI Clearance.
On the other hand, students should apply for internships between June and July or between November and December. The hiring manager will contact qualified applicants for an interview.
Manulife Philippines takes almost one month to process applications. Previous applicants said that they experienced a shorter recruitment timeline depending on the role and its urgency
Interns at Manulife Philippines may earn Php6,000 per month. Some previous financial interns claim that they earned up to Php15,000 per month.
Entry-level roles such as analysts and associates may earn between Php16,000 and Php22,000 per month. The company’s benefits package includes
Some employees said that the company provides a 14th-month pay, flexible working hours, and a stock option plan.