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Colonial First State

Engaged employer

Colonial First State Reviews

3.5

45% would recommend to a friend

(226 total reviews)

52% positive business outlook

Colonial First State has an employee rating of 3.5 out of 5 stars, based on 226 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Colonial First State employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

226 reviews
4.0
30 Dec 2016

Fund Accountant Review

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good culture and team environment

Cons

Can be long hours and very average salary compensation

1.0
29 May 2017
Recommend
CEO approval
Business outlook

Pros

You do RG146. You can start between 730 and 9am.

Cons

Poor leadership team throughout business as there's blatant in-fighting. Poor staff retention (about 15 people left in administration in 2016 alone). Poor salary in admin (less than $60k salary package) Poor career development. Roles tend to go to persons who've worked in the role on secondment. These individuals are cherrypicked, and advertising the role at all is simply out of obligation. They do not care for the wellbeing of staff. They're chronically under-resourced.

2.0
7 Feb 2023

CFS employees leave due to Culture (Employee engagement)

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- After separating from the CBA group, the organisation is trying to embark on a transformation journey that brings many opportunities. - The team, across the board, is helpful and supportive.

Cons

The cons mentioned here are of only the business unit I worked for, and these observations here do not apply to another business unit within the organisation. - Management primarily consists of YES men/women; thus, in the process of managing upwards, the work-life balance is getting worse. - High attrition rate due to lack of clear strategic direction and consistently changing goalposts since separating from CBA. - Unsustainable working environment and terrible work culture. - The organisation does not care about employee engagement even though it is a KPI. - No career progression.

Viewing 1 - 3 of 226 Reviews

Glassdoor has 250 Colonial First State reviews submitted anonymously by Colonial First State employees. Read employee reviews and ratings on Glassdoor to decide if Colonial First State is right for you.