Marsh & McLennan Companies
3.1 of 5 290 reviews
www.marsh.com New York, NY 5000+ Employees

Marsh & McLennan Companies Reviews

Updated Jul 8, 2014
All Employees Current Employees Only

3.1 290 reviews

                             

67% Approve of the CEO

Marsh & McLennan Companies President & CEO Daniel S. Glaser

Daniel S. Glaser

(89 ratings)

54% of employees recommend this company to a friend
59 Employee Reviews Back to all reviews
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    Don't stay there beyond 3 yrs

    Anonymous Employee (Former Employee)
    New York, NY

    ProsIf you know the right people and fairly competent, you can go places in the company.

    ConsHard work and appreciation for employees are definitely not a priority. Compensation is definitely not fair.

    Advice to Senior ManagementTalk to junior employees when implementing changes that impact their work - it's easy to say these changes are effective when you don't implement them.

    No, I would not recommend this company to a friend

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    because of senior management's attitude towards core issue things didn't work out...

    'Anonymous' (Current Employee)
    Hoboken, NJ

    ProsGood company to get shared services expereince.

    ConsCoporate Politics and senior management's ignorance of core issues.

    Advice to Senior ManagementGuys, get to know your team and see what works and what doesn't! Also see who works and who doesn't :)

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    Good for the right personality

    Client Advisor (Current Employee)
    Washington, DC

    ProsGreat work / life balance. The office managers understand that employees should have a life outside of the office and it is encouraged. There are a lot of "good" people here that mean well.

    ConsCompensation is difficult to increase. Once you get in, expect only 3 to 5% each year - at most! Also, if you want to move up in the firm, over time, you will need to go to New York or London. Also, cross team discussions and/or cross sales are few and far between - the firm is very siloed. Politics are also a major issue in the office. Many managing directors simply do what is asked of them but lack leadership and accountability.

    Advice to Senior ManagementBreak down the silos, flatten out the organization and get rid of the dead weight!

    No, I would not recommend this company to a friend

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    Grab all the experience you can and then move on....

    Trust Administrator (Current Employee)
    Norwood, MA

    ProsI think this is a great company for people just out of college looking to build their resume.

    ConsThe benefits are not good- very few investment (and not good) choices for their 401k and the co-pays and costs for the health benefits are high. Do not take the company stock- it's a dog. The attitudes, especially in managemant are horrible- people are very rude here. Politeness and respect are not encouraged. People don't say please, thank you, or excuse me or hold doors. The dress code is lax to say the least. I guess once you get outside of Boston the attitudes change- that's what I have seen anyway. The bonus structure might be getting better this year. Right now it is based on favoritism and no one even denies that in management.

    Advice to Senior ManagementYour employees and your middle level managers follow by example. If you walk around with yor nose in the air- so will they. If you are impolite to those you don't know- they will be as well. Treat your employees like they are valuable- not workhorses and expendable. Generate a culture of loyalty. Outsourcing to India and then making the employees train the people in India who are taking their jobs does not generate loyalty. Think about it.

    No, I would not recommend this company to a friend

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    This Place is Doomed

    Client Representative II (Current Employee)
    Charlotte, NC

    ProsExcellent resources. Talented, knowlegable staff.

    ConsSenior management is like a bunch of whores, living off the talent and labor of others. They are highly compensated for doing what? Running the company deeper into the ground. They do not respect their workforce and their attitude shows in everything they do.

    Advice to Senior ManagementShare the wealth. Get feedback from the frontlines before wasting time and money on another half-assed initiative.

    No, I would not recommend this company to a friend

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    ...

    . (Current Employee)
    Seattle, WA

    ProsWell known throughout the insurance industry and working with many large important companies. Work employees hard and gives us a good work ethic. Great comradely amoung employees with each other and has a great support network.

    ConsMarsh has not made a profit in years. The new Marsh CEO is set to start another round of employment cuts (as he recently mentioned he knows exactly what the profit margin is going to be in 2010 and the only way to get there is an Increase in Revenue or a Cut in "Expenses")...already cut our tuition program significantly!

    Advice to Senior ManagementCut fat at the top, as 3% raises cant go on forever...

    No, I would not recommend this company to a friend

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    Data Administrator

    Anonymous Employee (Current Employee)

    Pros- Working with immedatiate team members is positive
    - Great flexibility with vacation - except for month end
    -Christmas gatherings

    Cons- Very little room for growth for employees at the lower end of the scale.
    - HUGE communication gap among colleagues.
    - Some employees tend to pawn off the work onto other colleagues and fear change and do not embrace new business processes. Senior veterans who have been with the company for ages cannot think outside the box and thus tend to like a lot of hand holding.

    Advice to Senior Management-Give credit where credit is due. The company boasts about further learning and career development but management needs to reinforce this and look out for every employee under their wing. This should not be limited to individuals with senior roles.
    -Improve communication within deparments and make sure the message conveyed is uniform.
    -Consider revising the compensation matrix for all departments. Upper management tend to get bigger pay increases and bonuses, while the reamining employees get a 1% raise. In today's economy, the base salary for junior roles are well under the poverty line which is unfair. Take home pay amounts to nothing.
    - Look past the politics and power trip. Employees need to get the work done right to make the environment a good workplace for everyone.

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    Relentless pressure in a company that cannot comprehend that Europe is made up of more than one country

    Vice President (Current Employee)

    ProsSenior roles get a good bonus and a reasonable salary - but they get their pound of flesh

    ConsTotally relentless hard work - if you're in IT
    Globalisation is talked about a lot but it is a one way process from these to the rest of the world. No other opinions count.

    Advice to Senior ManagementWalk the talk with work life balance. - it doesn't exist!
    Stop working your staff into the ground.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    20th century administration in the midst of 21st century tools

    Actuarial Analyst (Former Employee)

    ProsGlobal reach, range of services

    ConsZero innovation, arrogant management, inefficient operations

    Advice to Senior ManagementUnleash the analysts

    No, I would not recommend this company to a friend

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    Great learning experience for First Time corporate employees

    Anonymous Employee (Current Employee)

    ProsThey offer a above average month bonus plus different benefits like HMO, Life Insurance etc
    Great way to start your career in the insurance/broker industry as it is a well known global brand. Workplace is good especially if you are considering the office and people in it.

    ConsPretty low starting salary in comparison to the workload you receive.
    Not enough training for their R&F employees to grow in the business and possibly become better assets to the company. Low raise after a strong contribution year appraisal from management.

    Advice to Senior ManagementI believe if management should try to train their R&F employees to motivate them in loving their job, as they are shown importance thru adequate salary, benefits and training. Also they should give their current employees better chance to step up the corporate ladder instead of looking to hire people outside the organization. This will boost employee morale and loyalty.

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