What it does: Megaworld Corporation develops hotels, lifestyle malls, office and residential buildings, and township projects in the Philippines.
Best known for: The company claims to be the biggest office developer and a landlord in the Philippines.
Staff stats: more than 6,000 employees
Financials: Php39.27 billion in gross revenue for 2020
The good bits: Megaworld Corporation pays competitive salaries for entry-level roles. For instance, a leasing assistant may earn Php20,000 per month.
The not-so-good bits: New hires may struggle with work-life balance, as many employees work on holidays and shifting schedules. Other employees like auditors should be willing to do overtime work.
Andrew Tan founded Megaworld Corporation in 1989 originally as Megaworld Properties & Holdings Inc. The company engaged in real estate development, leasing, and marketing before focusing on office developments in 1996.
Megaworld Properties then changed its name to the current one in 1999 to signify its transition from a property group to a holding company. Megaworld Corporation, however, still maintains a strong presence in the real estate industry with several projects:
In 2014, Megaworld Corporation renewed its congressional franchise for another 25 years. As of 2020, the company recorded Php375.69 billion in total assets.
The biggest challenge for fresh grads after joining Megaworld Corporation would involve long working hours. Many employees work on holidays and shifting schedules as well.
Some insiders also said that they can’t work from home. While this may have changed, the company’s six-day workweek has remained for a significant part of its workforce.
Despite the challenges, most insiders agree that Megaworld Corporation can be a great choice to start a career. New hires often feel welcomed in their respective departments where most people are friendly.
These factors contribute to the company’s decent employment retention. For example, the median tenure of employees is 6.8 years.
In 2021, Megaworld Corporation ranked 48th out of the Top 100 Graduate Employers in the Philippines.
Megaworld Corporation’s biggest competitors include Ayala Land, Century Properties, Filinvest Land, and SM Prime Holdings.
In 2018, the Court of Appeals sided with Megaworld Corporation over a disputed piece of land in Binondo, Manila.
The case involved Nesco International Development’s complaint about Megaworld Corporation’s ownership of a 2.5-hectare land. The property is in between the Lucky Chinatown Mall and The City Place condominium building.
Megaworld Foundation oversees the company’s corporate social responsibility projects. As the socio-civic arm of Megaworld Corporation, the foundation has worked on:
Fresh grads may get an interview invitation one week after they apply for a job at Megaworld Corporation. An online application on the company’s careers site seems the best way to expect a quick response.
The typical selection process:
Previous applicants said that they had to attend more than two interview rounds. Most of the questions during the interviews relate to a candidate’s background, interests, and reasons for choosing Megaworld Corporation.
The company may take more than three weeks on average to process applications. The actual recruitment timeline may vary based on the job and its urgency. For instance, internship applicants may get an offer after a few days.
Previous interns said that they earned between Php2,000 and Php12,000 per month while they worked at Megaworld Corporation. The actual compensation will depend on an intern’s role. For instance, design internships may pay more than an internship in human resources.
Entry-level employees like leasing assistants earn between Php18,000 and Php20,000 per month. Accounting analysts may also earn up to Php20,000 per month.
Megaworld Corporation’s employment benefits include dental and medical coverage, leave credits, loan assistance, miscellaneous allowance, and performance incentives.
Megaworld Corporation’s departments comprise five groups: commercial, executive, finance, marketing, and operations.
Anyone with a bachelor’s degree can join the company as an operations assistant. This role involves work in cinema, food hall, mall operations, or parking at one of the Megaworld Corporation’s lifestyle malls.
Other entry-level commercial roles include IT associates with a Bachelor's in Computer Science, Information Technology, or an equivalent degree.
The executive department looks for graduates of accountancy, business, engineering, financial management, marketing, mass communication, and tourism courses. Some of the entry-level jobs include:
The company hires fresh grads with a Bachelor's in Accountancy, Business Administration, Management, or Studies for roles such as:
Some of the entry-level roles in this department include auditors, recruitment associates, sales development officers, and sales management associates.