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Manulife Financial Corporation
Manulife employees at a social event  

Recognized as one of Canada's Top 100 Employers (2025) and Greater Toronto's Top Employers (2025):

Here are some of the reasons why Manulife Financial Corporation was selected as one of Canada's Top 100 Employers (2025) and Greater Toronto's Top Employers (2025):

  • Manulife helps employees plan ahead and save for the future with retirement planning assistance services, a defined contribution pension plan, and year-end bonus and share purchase programs -- and employees can transfer their unused health credits to their personal savings
  • Manulife provides extensive support for all stages of family planning, from unlimited coverage for fertility drugs and treatment procedures to support for adoption (to a maximum of $20,000 per year) -- the company also offers maternity and parental leave top-up for new and adoptive parents, to 100 per cent of salary ranging from 12 to 20 weeks, depending on the employee
  • Manulife's head office features an onsite fitness facility, as well as a dedicated Wellness Centre that offers employees a place for quiet meditation or space just to take a rest -- and the company encourages a focus on whole body health through its Mental Health Month in May, featuring virtual meditation, weekly chair yoga, stretching classes and breathing workshops
Employees take part in Manulife's volunteer day in Toronto  

Employer Background

Industry Direct life insurance carriers
Established in Canada 1887
Publicly traded yes
Major Canadian locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Full-time employees in Canada 11,566
Part-time employees in Canada 134
Full-time employees worldwide 37,982
Workforce engaged on a contract basis 14%
Average age of employees in Canada 42 years
Longest serving employee 55.38 years

Work Environment Rating: A+

Flexible work options hybrid work option, flexible work hours, telecommuting, shortened work week (fewer hours with less pay), compressed work week
Commuter amenities walk to public transit, transit subsidies, online carpool sign-up, free parking, electric vehicle charging stations, secure/sheltered bicycle parking, subsidized parking at Waterloo and Halifax corporate offices
Onsite workplace features private room for mothers, TechLounges for IT support, sit-stand workstations, private phone booth, nap room, religious observance room, self-serve lunchroom, outdoor patio, outdoor barbecue, honey bee apiary, offices across Canada have a number of unique features, including an onsite fitness facility at the Vancouver office, and a LEED-Gold certified building at the Montréal location
Employee lounge amenities comfortable seating, music, television, video games, foosball table, board games, table tennis, Wellness Centre offers employees space for quiet meditation in a reflection room and space to relax in a resting room
Onsite cafeteria healthy menus, special diet menus, subsidized meals
Other food options at main location full-service Tim Hortons
Onsite fitness facility for employees only, treadmills, stationary bikes, stairmasters, elliptical trainers, rowing machines, weights, shower facilities

Work Atmosphere & Communications Rating: B

Employee social committee name Manulife Staff Association (est. 1939)
Past social events multiple staff associations at major office locations help to organize sports leagues, holiday gatherings, events for children and families, discounts to events (from local shows and concerts to sporting events to movie premieres), and events to celebrate Pride Month, Indigenous History Month, Juneteenth, National Day for Truth and Reconciliation, and International Women’s Day, to name a few
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress (e.g. jeans) daily, employee sports teams
Employee communications intranet site, company newsletter, internal social media
Other in-house communications Manulife TV

Financial Benefits & Compensation Rating: A

Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-contribution (DC) pension
Long-term planning retirement planning assistance
Share purchase plan available to all employees
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $3,000) for some positions
Additional financial benefits special rates on Manulife financial services and products

Health & Family-Friendly Benefits Rating: A

Health plan premium as part of the health plan, the employer pays up to 78% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 20 hours per week
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Eyecare $300 every 2 years
Paid sick days employees receive 10 days off each year
Health plan includes traditional coverage (e.g. prescription drugs), employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. acupuncture, naturopathy), virtual healthcare services
Mental health practitioner benefit up to $12,000 each year
Additional health plan information no set limit for fertility treatment drugs and non-drug fertility treatment procedures, no set limit gender affirmation coverage, unused health flexible credits can be transferred to a health spending account and used for a range of wellness activities, including gym memberships, home fitness equipment, savings or to purchase additional time off
Additional health and wellness initiatives formal Mental Health Month awareness campaign in May and the Wellness Matters program (features health assessments, screenings, coaching, resources, webinars and internal programming)
Family-friendly benefits note Manulife has multiple employee groups, family-friendly policies may vary by position
Parental top-up (mothers) up to 100% of salary for 20 weeks
Parental top-up (fathers) up to 100% of salary for 12 weeks
Adoption top-up up to 100% of salary for 12 weeks
Adoption assistance subsidy up to $20,000 per child
Additional family-friendly benefits extended parental leave to unpaid leave
Additional family-friendly information family employee resource group to foster community amongst employees, 3 paid personal days can be used for family related appointments and commitments

Vacation & Personal Time-Off Rating: B+

Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 10 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 3 personal days off each year, as needed
Unpaid leave maximum 24 months
Additional time-off information vacation increases by 0.2 weeks increments beginning at 6 years, reaching 4 weeks at 10 years

Employee Engagement & Performance Rating: A

Employee performance reviews employees receive individual performance reviews every 6 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition online recognition platform, individual performance bonuses, on-the-spot rewards, peer-to-peer recognition awards, long-service awards, Podium digital recognition platform (offers instant peer-to-peer recognition), the Stars of Excellence (formal annual recognition program to celebrate its top performers around the globe)
Outside survey period outside consultant surveys are held every 6 months

Training & Skills Development Rating: A

Career planning online employee skills inventory
In-house training initiatives apprenticeship/skilled trades programs, mentoring, in-house training, online training, leadership development programs, paid internships, subsidies for professional accreditation, mentoring to transfer retirees' skills
Related tuition subsidies employer covers up to 100% of tuition per year
Unique training & development programs Fuel Up Friday program to enable employees to dedicate time on the second Friday of each month to advance personal development

Community Involvement Rating: A+

Scope of charitable involvement local, national, international
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 1 paid day)
Total employee volunteer hours (on company time) over 20,818 hours last year
Total number of charities supported last year approximately 3,873 charitable and community organizations were supported last year
Some of the community organizations supported Uplink, World Central Kitchen, Community Food Centres, Vancouver Food Runners, YWCA Halifax, Fitspirit, and many more
Charitable giving matches employee donations, matches employee volunteer hours with company donations
Community highlight Manulife's charitable focus is on empowering sustained health and wellbeing, driving inclusive economic opportunity, and accelerating a sustainable future -- the company provides direct funding, matches employee giving as well as encouraging employee volunteerism with one paid volunteer day every year.

Recognized as one of Canada's Top Employers for Young People (2025):

Here are some of the reasons why Manulife Financial Corporation was selected as one of Canada's Top Employers for Young People (2025):

  • Recent grads at Manulife have access to a rotational program that allows them to experience different roles and departments -- the rotational component includes a formal mentorship program, networking events, lunch and learns, leadership training, specialized projects and offers international rotation opportunities within Asia, the U.S. and Canada for investments, advanced analytics, and actuarial student programs
  • Manulife's internship program welcomes students from a broad range of fields each year, providing opportunities to participate in a variety of activities including engaging directly with senior leadership, networking, intern appreciation events, and an internal career fair where they can learn about Manulife's new graduate programs
  • Manulife encourages students to create meaningful connections with peers throughout the entirety of their work term, beginning on the very first day with student orientation where time is allocated to meet fellow students -- social events are organized throughout each term by a co-op social committee, including a final end-of-term event
Manulife employees attend the organization's annual global staff forum  

Highlights

Industry Direct life insurance carriers
Major Canadian locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Full-time employees in Canada 11,566
Student opportunities summer jobs, co-op opportunities, paid internships
In-house training programs orientation program, in-house training, online training, online employee skills inventory, mentoring, apprenticeship/skilled trades programs
Related tuition subsidies employer covers up to 100% of tuition per year
Unique training and development opportunities new employee welcome kit, rotational actuarial development program, advanced analytics development program (mentoring and rotations in data engineering and data scientist roles in Boston and Hong Kong), investment division rotation program, CPA rotational program (Toronto and Waterloo offices), Manulife University (supports IT and technology employees by offering programs in software engineering, security, reliability, to name a few), Pursuit Learning Experience Platform, access to LinkedIn Learning, technology new graduate rotational program (2-year program with rotations in software engineering or data engineering roles), lunch and learns, Technology New Graduate rotational program (2-year program with rotations in software engineering and data engineering roles), Digital Marketing New Graduate rotational program (2 12-month rotations in a variety of areas)
Additional highlights "Keep in Touch" campaign to keep early hires engaged over the months between the initial offer and first day on the job, students provide end-of-term feedback on onboarding through offboarding which is used to improve the student experience, hackathons and case challenges for co-op students, students are encouraged to join Viva Engage (internal social network) groups to adjust and make the most of their work term
Dedicated employee resource group GenerationNEXT employee resource group to help build community across all generations, co-op social committee
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Recognized as one of Canada's Best Diversity Employers (2025):

Here are some of the reasons why Manulife Financial Corporation was selected as one of Canada's Best Diversity Employers (2025):

  • Manulife committed to increasing BIPOC representation by 30 per cent at the director level and above in North America by 2025, as well as maintaining a minimum of 25 per cent of annual graduate hiring for BIPOC talent
  • The company implemented diverse candidate slates to increase hire and promotion rates of diverse candidates for director-level roles and above, and also provides training on inclusive recruitment and mitigating unconscious bias for hiring managers, talent acquisition teams and human resources business partners
  • Manulife drives leadership accountability for diversity and inclusion through local segment and function plans developed by members of the executive leadership team (which are reported and tracked by the CEO and diversity, equity and inclusion council), DEI dashboards and scorecards (reviewed by senior leaders on a quarterly basis), and the inclusion of accountability in all people leader performance goals
A VIBE employee resource group team member at Manulife's ERG Palooza event  

Highlights

Industry Direct life insurance carriers
Major Canadian locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Full-time employees in Canada 11,566
Management of diversity and inclusion initiatives chief diversity officer leads global DEI team, global executive DEI council chaired by the CEO, local segment and function DEI plans developed by each member of the executive leadership team
Performance management and accountability committed to increasing BIPOC representation by 30% at the director level and above in North America by 2025, committed to a minimum of 25% of annual graduate hiring for BIPOC talent, leadership and business accountability for diversity is measured through dashboards and scorecards (reviewed quarterly by the CEO and executive leadership team), accountability for DEI is included in performance goals for all people leaders
Employee resource groups ERGs include Global Women's Alliance (3,100 members in Canada) and the Toronto-based Women @ Manulife, PROUD (Professionals Reaching Out for Unity and Diversity), AMP (Association of Multicultural Professionals), PACES (Pan-Asian Community for Employee Success), MILE (Military Colleague Community), VIBE (Valuing the Inclusion of Black Colleagues), GenerationNEXT, IPTA (Indigenous Peoples and Their Allies), Ability (for employees living with physical or mental health disabilities, and their allies), Being Yourself (grassroots group to support employees with mental health), LatinX, Shalom (for Jewish employees), Embrace (cultural awareness), Family, and Male Allies
Noteworthy diversity strategies and policies coverage for gender affirming surgeries and treatments (including for employees' families), diverse supplier program led by a dedicated supplier diversity officer and team (provides opportunities to businesses owned by minorities, women, 2SLGBTQ+, people with disabilities, veterans, and service-disabled veterans)
Recruitment initiatives implemented diverse candidate slate requirements to increase hire and promotion rates of diverse candidates for director-level roles and above, provides training on inclusive recruitment and mitigating unconscious bias for hiring managers, talent acquisition teams and human resources business partners and maintains diverse interview panels, partners with community organizations to recruit diverse candidates (Career Edge, Career Bridge, and Toronto Region Immigrant Employment Council)
Training and awareness initiatives mandatory Inclusion Starts With You training, toolkits for managing unconscious bias, anti-racism conversation guides, allyship resource tools, access to inclusive leadership learning platform and the All Against Racism learning platform, regional DEI teams (along with ERGs) organize speaker series, book clubs, panel discussions and webinars
Diversity highlights dedicated its first Legacy Space through the Gord Downie & Chanie Wenjack Fund at its Canada Segment headquarters in Waterloo (plans to open similar spaces in Toronto, Montreal, and Halifax offices), is building a supplier diversity program in Canada

The Career Directory

Manulife Financial Corporation has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.

Highlights for New Grads

Industry Direct life insurance carriers
Full-time employees in Canada 10,001 to 25,000
Major Canadian locations Toronto ON, Kitchener ON, Waterloo ON, Montréal QC, Halifax NS, Vancouver BC, Calgary AB, Oakville ON
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, in-house career planning services
Other info for new grads Manulife Financial offers a number of opportunities for new and recent graduates to gain professional experience through developmental programs such as an Investment Development Rotation, Actuarial Development Rotation, Canadian Finance Network program, and the Canadian Chartered Accountant Development program.
Typical new grad positions Financial Analyst, Actuarial Associate, Software Engineer, Data Engineer, Investment Analyst, Operations Analyst Marketing Analyst
Work benefits health benefits for new employees, flexible work hours, telecommuting, transit subsidies, employees receive paid time off to volunteer
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

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