Does Munich Re pay their employees well?

According to anonymously submitted Glassdoor reviews, Munich Re employees rate their compensation and benefits as 4.0 out of 5. Find out more about salaries and benefits at Munich Re. This rating has been stable over the past 12 months.

How satisfied are employees working at Munich Re?

84% of Munich Re employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Munich Re 4.3 out of 5 for work life balance, 4.1 for culture and values and 3.6 for career opportunities.

What are the top reviewed jobs at Munich Re?

Intern (77) , Underwriter (55) , Actuarial Analyst (28) , Internship (26) , Actuary (25) , Actuarial Intern (19) , Business Analyst (17) , Data Scientist (17) , Analyst (14) , Data Analyst (13) , Praktikant/in (13) , Senior Underwriter (12) , Consultant (11) , Manager (10) , Technical Accountant (10)

What are the pros of working at Munich Re according to real employee reviews?

"Benefits are good and group look after staff" ((in 102 reviews)); "Great people to work with" ((in 86 reviews)); "Good work life balance and some people travel v frequently with no budget constraints" ((in 84 reviews)); "Colleagues are friendly" ((in 43 reviews)); "The average salary is good" ((in 23 reviews))

What are the cons of working at Munich Re according to real employee reviews?

"bad leadership and working environment" ((in 11 reviews)); "long hours and demanding projects" ((in 10 reviews)); "Office politics can be overwhelming" ((in 10 reviews)); "There is no clear career development." ((in 7 reviews)); "Not enough females in senior management" ((in 6 reviews))

What are employees saying about Munich Re layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Munich Re layoffs and their outlook for job security at Munich Re in 2026.

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Munich Re

Munich Re reviews

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4.1

84% would recommend to a friend

(885 total reviews)

Christoph Jurecka

100% approve of CEO

83% positive business outlook

Ratings by category

4.3

Work/Life balance

4.1

Culture & values

4.0

Diversity & inclusion

4.0

Compensation and benefits

3.6

Senior management

3.6

Career opportunities

Munich Re has an employee rating of 4.1 out of 5 stars, based on 885 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Munich Re employee rating is in line with the average (within 1 standard deviation) for employers within the Versicherungswesen industry (3.6 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

885 reviews

2.0

Sep 16, 2024

Good pay, mediocre management and HR

Junior project manager

Recommend

CEO approval

Business Outlook

Pros

Good pay and work-life balance, strong workers union

Cons

Incompetent management and HR, poor communication top-to-bottom, highly political work environment, managers implicitly prioritize loyalty over meritocracy.

Munich Re Response

Dear colleague, Thank you for your honest feedback. We're glad to hear that you appreciate the pay, work-life balance, and strong union support. We take your concerns about management, communication, and the work environment seriously and will reflect on ways to improve transparency and merit-based opportunities. We take your concerns seriously and would like to hear more to help us improve. Therefore, we encourage you to share further details with us via the following email address: p0060018221@munichre.com. Kind regards, Munich Re

5.0

Sep 13, 2024

Munich Re

Actuarial trainee

Recommend

CEO approval

Business Outlook

Pros

Welcoming work place environment, flexible hours and working from home. Friendly culture.

Cons

None that I can think of right now.

Munich Re Response

Dear former colleague, Thank you for taking the time to review your experience as an Actuarial Trainee with us. We are happy to hear you were warmly welcomed and satisfied with our flexible work opportunities and corporate culture. We wish you all the best for your professional and personal future! Kind regards, Munich Re

4.0

Aug 31, 2024

Top employer

Financial analyst

Recommend

CEO approval

Business Outlook

Pros

Good corporate culture, appealing communication culture

Cons

Not easy to be promoted

Viewing 46 - 48 of 885 Reviews

Jobs at Munich Re

Munich Re Service GmbH - Junior Product Manager - Insurance (m/f/d)*

München

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Praktikum für den Bereich Eventmanagement (m/w/d)*

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Intern Climate Advisory and Analytics (m/f/d)*

München

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Consultant Corporate Learning (m/f/d)*

München

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Global Specialist Employee and Travel Security (m/f/d)*

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