AIG

  www.aig.com
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AIG Reviews

Updated Jul 24, 2014
All Employees Current Employees Only

2.9 587 reviews

66% Approve of the CEO

AIG President & CEO Robert Benmosche

Robert Benmosche

(270 ratings)

47% of employees recommend this company to a friend

Review Highlights

Pros
  • Good working hours, good work life balance if you are working in a good department (in 37 reviews)

  • has a work from home program that enables employees to work from the comfort of their own home (in 26 reviews)


Cons
  • opinions/suggestions are not easy to get pass to senior management team (in 23 reviews)

  • Work/Life balance not practiced, had a micro manager who added stress to your daily routine (in 10 reviews)

More Highlights
113 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    4 people found this helpful  

    Loved it for over 10 years....then didn't

    Manager (Former Employee) New York, NY

    ProsIt used to be If you work hard, create opportunities for your self, and can navigate big company politics you will be promoted and rewarded. They didn't pay the best but people loved to work there. This didn't even change during the crisis.

    ConsThe working environment slowly became intolerable the last few years. They now pay better than ever and everyone is unhappy. Constant lay offs and reorgs. No job is safe there anymore. Demeaning review practices. Need to be cut throat to succeed.

    Advice to Senior ManagementStop spending so much on consultants who don't understand the business

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Unpleasant employee political atmosphere

    Anonymous Employee (Current Employee)

    ProsDeveloped good long term relationships with some colleagues; there are really experienced, knowledgeable first rate employees who are supportive.

    ConsUnpleasant firm employee rating system causes employees to back stab each other for better ratings and bonuses; in my department poor performing employees who were "favorites of management" were unfairly rewarded at the expense of others. This rating system was fairly public and caused terrible employee morale.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Was there for over 12 years. Every day was worse than the last one.

    Manager (Former Employee) New York, NY

    ProsThey now give nice bonuses

    ConsThere is no job security

    Advice to Senior ManagementPractice what you preach.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Great company as long as you’re not a contracted temporary employee.

    LOAN PROCESSING SPECIALIST (Current Employee)

    ProsDecent working hours and days off
    Working is both team and independent environment

    ConsAs a temp, you have no room for advancement, meaning if you are a temp, that's just what you will be, a temp.
    Compensation is minimal and there will be no increases.
    They will give only a couple hours/days of training on a task.
    They will give you new responsibilities and expectations and speak of it as if it’s a "reward" for working hard, but you will not be compensated for it.
    You only get paid for what you work, meaning, no holiday pay/bonuses, if you are out and if there is no work or system shuts down, you go home with no pay.

    Advice to Senior ManagementBe very clear and concise with the reality of being a contracted employee for UGC/AIG. Do not sell false hopes of advancements, benefits, or opportunities. Explain to new temporary employees that you will be just a temp until we no longer need your services. You may be trained and taught new tasks for our benefit, but you will not be compensated for a heavier workload regardless of if you are doing more than other temp or regular employees do on a daily basis and you will still be expected to keep up with all requirements.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Some good experiences, but advancement opportunities and compensation are lacking.

    Business Systems Analyst (Current Employee) Parsippany, NJ

    ProsThere are many opportunities to expand your knowledge base and experience in a relatively short time. Direct lower-level managers are often supportive of employees and their needs. The global nature of the company can provide chances for many employees to gain international experience.

    ConsAdvancement opportunities are hard to come by, and employees are often required to perform tasks and take on responsibilities of higher positions without receiving the appropriate title or compensation in return. Individual workload can often be excessive, and many positions unofficially require employees to work on evenings, weekends, and holidays in order to meet unreasonable deadlines, for which no compensation is provided. Salaries have been stagnant for several years, with the introduction of a new (not guaranteed) short-term incentive that has effectively halted proper salary increases. In many areas, reorganization occurs on a very frequent basis, which makes it difficult to effectively raise long-term concerns due to constantly changing reporting lines.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Mad Dash to Nowhere

    Financial Analyst (Current Employee) New York, NY

    ProsPension/401K/Generous PTO allotment mix make up for the inferior starting salary (on average 10-15% less than other firms). Working from home is also allowed (although not encouraged on a regular basis).

    Cons> Too many lower-ranking employees were moved into team lead/middle management roles following the near-crash in '08. Those promotions were meant to fill the openings left by the 1000s of layoffs since that time. However, those people have no place as managers, as they lack the organizational and interpersonal skills to develop their subordinates/team.

    > Too many initiatives are poorly planned and inadequately staffed. Requirements gathering is a joke, task prioritization is nonexistent, and system redundancies are rampant. Honestly, how many time-tracking / project-tracking tools does one firm need to monitor its work?? Additionally, when you rush the implementation, how on Earth can you claim the taken metrics are in any way reliable??

    Advice to Senior ManagementInfer from the above-cons.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Strong company...Challenging to advance...

    Senior Underwriter (Current Employee) Los Angeles, CA

    ProsProduct knowledge, pension plan, collaboration opportunities...Bonuses for grade level 20 and up are nice.

    ConsLittle to no pay increases and promotions for even top performing employees. Constant shake-ups and changes continue to occur...Not a good place to target for employment at this time...More changes likely to come as company continues to restructure.

    Advice to Senior ManagementFight harder to increase employees compensation. Especially when they are top performers...

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    AIG - Aggravation Is Guaranteed

    Accountant II (Current Employee) New York, NY

    ProsThe employee benefits are very good

    ConsThere is no work life balance in AIG. If there is (as claimed by some employees), it is not really implemented company wide. The deadlines are harsh as they are based on calendar days instead of business days. You are required to work even if the deadline is a Holiday or a Weekend, like working in a sweatshop.

    The jobs are being offshored to other countries, there is less and less opportunities for the employees who have been here for a long time. Aside from the frozen salaries since 2008, you only get a "short-term incentive" every year based on the performance review. The Pay per Performance review structure is an anarchy. It harbors competition instead of camaraderie and teamwork among employees, in order to get that coveted "1" or "2" rating. It lowers the morale of the already beaten up spirits of the employees.

    Advice to Senior ManagementStop being hypocrites, you thank us for all our hardwork, committment and strength during the financial crisis and staying loyal for this company. But in the end, you stab us in our backs by moving our jobs to a different country. You are contributing to the already swelling unemployment pool in the US. Is "Money" the only thing that runs this company now?

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Initially a great place to work. Too many changes which benefit upper management and not the claims staff.

    Claim Technical Manager (Current Employee) Clayton, MO

    ProsGood paying company with great benefits. The co-workers are the best.

    ConsThe morale has quickly went downhill with multiple changes of upper management and lay offs. The CEO recently changed and that will hopefully help.

    Advice to Senior ManagementFocus on the employees that are actually handling the claims to bring up the morale. There is very good talent in the claims staff and they do not get credit for it.

    No, I would not recommend this company to a friend

    1 person found this helpful  

    Excessive Workload

    Business Systems Analyst (Current Employee)

    Prosgood PTO & 401K, insurance , get to learn a lot in a short span

    ConsStrenuous Workload, bonus is a joke, peer-peer rating sucks, annual appraisals do not exist.

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