First Marblehead Reviews

Former Employee – worked at First Marblehead full-time for more than 3 years

Pros – Salary, Flexibility, Good People, Location, Benefits

Cons – Sr Management
Grew to fast
Poorly handled downsizing

Advice to Senior Management – Watch growth more carefully

Yes, I would recommend this company to a friend

Former Employee – worked at First Marblehead

Pros – was growing really fast with lots of opportunities

Cons – lack of communication among different departments

Yes, I would recommend this company to a friend

Former Employee – worked at First Marblehead

Pros – Learning opportunities. First Marblehead is ahead of the curve in defning an emerging industry. There are tremendous opportunities to explore, experiment and define success. The caliber of colleagues is simply fantastic. People are tremendously smart and fun to work with. There is a very collegial atmosphere and a terrific social community.

Cons – Industry turbulence. Unfortunately the credit markets and regulatory environment have dealt First Marblehead several body-blows recently. There has been extreme turn-over and massive layoffs this year. The return of the former CEO, Dan Myers may provide a shot in the arm and a return to solid growth. Dan is an unpredictable maverick with an "in crowd" and an "out crowd". He'll clean house, but there may be opportunities for new employees to rebuild FM back to its deserved glory. Its a challenging, dynamic environment that does not place a premium on communication from Sr. Management or standard management practices -- work/life balance, benefits, career development etc. Its kind of the Wild West and Dan is the sherriff. Hope he likes you and buckle in for a wild ride.

Advice to Senior Management – With the rare opportunity for a "do-over" I would recommend hiring beyond your circle of "known buddies" and bringing in some outside talent who can help build infrastructure for scalable success. The last time around, FM's stellar growth took it from infancy to "awkward teenage" years without the opportunity to mindfully create a model for success at a larger scale. Place a premium on communication, allow more of your management team to contribute to success and recognize efforts and contributions.

Yes, I would recommend this company to a friend