Marsh & McLennan Companies

  www.marsh.com
  www.marsh.com
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Marsh & McLennan Companies Reviews

Updated July 8, 2014
Updated July 8, 2014
307 Reviews
3.3
307 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Marsh & McLennan Companies President & CEO Daniel S. Glaser
Daniel S. Glaser
91 Ratings

Review Highlights

Pros
  • Great Benefits, Work life balance depending on the department, name brand recognition (in 26 reviews)

  • Good benefits and paid time off is generous (in 17 reviews)


Cons
  • Noone is recognized except top producers ands senior management (in 13 reviews)

  • long hours and not the best management structure in place (in 8 reviews)

More Highlights

34 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 6 people found this helpful  

    Its a paycheck

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marsh & McLennan Companies full-time for more than 10 years

    Pros

    Company has a good reputation in the industry. Global platform. Its a paycheck. Not micromanaged.

    Cons

    Too much beaurocracy. New York has to approve everything. Too many managers, too many people with titles. Compensation is awful, raises and bonuses almost unheard of except for producers and top management.

    Cliquish, cant get ahead if you are not part of the in crowd. Entire departments outsourced to India, no job security at all. Anyone can get let go any day of the week.

    Employees are treated as expendable and are not valued. Turnover seems to be high, probably because of compensation. Noone is recognized except top producers ands senior management.

    Middle managers cannot get anything done without levels of approval above them. They also seem so worried about their own jobs, they are afraid to speak up or take initiative.

    HR appears to be a ghost department. One has no idea who to call or if there is anyone to call.

    Terrible inefficiencies in invoiving and accounting. Embarrasing to call clients asking for payment when they have already paid and accounting cant find their money.

    Company seems more interested in pouring money into marketing and technology initiatives than retaining talented employees.

    You cannot ever telecommute. If you have an appointment, you have to take the whole day off.

    Advice to ManagementAdvice

    A little value of employees goes a long way in morale and productivity. Stop the rah rah meetings until you can compensate people that are actually doing the work to make it a profitable company.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Focus of What's Important at Marsh PCS Changes with Leadership Every Other Year - Hire This Year - Fire the Next Year!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Richmond, VA
    Current Employee - Vice President in Richmond, VA

    I have been working at Marsh & McLennan Companies full-time for more than a year

    Pros

    Benefits are Good, Tolerance of Diversity in the Workplace is a Plus for Those Who Need it; PTO is Excellent.

    Cons

    PCS is only about sales goals and making them at any and all costs these days; Zone Leaders reduced from 5 who knew their areas down to 2 who are under so much pressure to perform for a CEO from a prior position at an auto parts business of all things! It's insulting!

    Advice to ManagementAdvice

    Put someone in charge at the top who knows what a high net worth client is truly looking for - not someone who just wants to put $100M in new business on the books at all costs. The true costs will be losing your top management people.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    was kind of ok not too good for people seeking careers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Developer  in  Hoboken, NJ
    Current Employee - Senior Developer in Hoboken, NJ

    I have been working at Marsh & McLennan Companies as a contractor for less than a year

    Pros

    good cubes and cafeteria. food seems cheap and good

    Cons

    lack of proper management and leads

    Advice to ManagementAdvice

    be more focussed in what is needed.

    Doesn't Recommend
    Disapproves of CEO
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  5.  

    great pay and experience, bad environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marsh & McLennan Companies

    Pros

    great pay and experience. lots of employees with industry experience. great resources

    Cons

    environment is not very employee friendly. technology hampers ability to do work efficiently and effectively.

  6.  

    Waste of Time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Mount Laurel, NJ
    Current Employee - Anonymous Employee in Mount Laurel, NJ

    I have been working at Marsh & McLennan Companies full-time for more than a year

    Pros

    Salary was good, flexible hours. Friendly people to work with

    Cons

    High turnover. Lots of timult in office. They don't have your back if you make a mistake. Medical benefits are extremely expensive; much higher employee cost than other firms I've worked.

    Advice to ManagementAdvice

    Stop hiring people to fire them. Stop with the silly psychological testing of potential applicants; it hasn't worked. Need to look at management, or the absence thereof.

    Doesn't Recommend
    No opinion of CEO
  7.  

    Credit Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Analyst  in  Hoboken, NJ
    Current Employee - Credit Analyst in Hoboken, NJ

    I have been working at Marsh & McLennan Companies full-time for more than a year

    Pros

    Diversified company with significant opportunities to move around. If one is dissatisfied with one's job, one can switch to another until one finds the right fit.

    Cons

    Salary is not necessarily competitive because the know they can get away with it because of their good reputation as they are a global company.

    Advice to ManagementAdvice

    Staff can compensated better.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Was great as KVI - not so much as Marsh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Urbandale, IA
    Current Employee - Anonymous Employee in Urbandale, IA

    I have been working at Marsh & McLennan Companies

    Pros

    Nice people
    Great benefits
    Varied work available

    Cons

    Don't expect to be paid well
    No raise in 3 years - despite consistent "above expectation" performance

    Advice to ManagementAdvice

    Develop internal staff instead of constantly looking outside the company for people who were developed by their previous employers.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Despite Senior Management's public comments on the importance of family...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President  in  Chicago, IL
    Current Employee - Vice President in Chicago, IL

    I have been working at Marsh & McLennan Companies

    Pros

    The company is one of the few left with a pension plan if you work at least 5 years. Generally, good benefits, but copays seem higher than the case with my prior employer and some of the limits on benefits seem low. Good place, however, if you want to get out the door before 5 PM. Few seem to stay after that in the office. Many positions allow you to work remotely, at least part of the time.

    Cons

    Lack of loyalty...company has no problem sacrificing employees even if revenues have long been known to be off the mark. Company lacks good systems to track basic details of who and how much business is done with which carrier in some business units.

    Disapproves of CEO
  10.  

    Senior Accountant, responsible for consolidating countries submission, which goes to SEC reporting in the end

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Associate  in  Hoboken, NJ
    Current Employee - Senior Associate in Hoboken, NJ

    I have been working at Marsh & McLennan Companies

    Pros

    The view of Hoboken, NJ office is just gorgeous, this is probably one of the season that I decide to stay in this company. You will meet a lot of nice and friendly colleagues in the company, which is a big plus.

    Cons

    The managers are the experts at what we are doing, but they lack the necessary management skills in general. In case of any organization changes or instructions to be distributed, you are literally sitting in the dark.

    Advice to ManagementAdvice

    I think appreciation and trust are the keys to keep the talents in your company. There are tons of talented ones in this organization, but I find the appreciation and trust somewhat lacking. For most of the time, only the upper level managers are aware of what is going on, the rest of the crew are kept in the dark, which discourage the engagement within the organization.

    Doesn't Recommend
    Approves of CEO
  11.  

    Ok place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Analyst  in  Chicago, IL
    Current Employee - Financial Analyst in Chicago, IL

    I have been working at Marsh & McLennan Companies

    Pros

    Great for a career in insurance brokerage. Benefits are pretty solid. Tuition reimbursement. Great work and life balance. International opportunities.

    Cons

    Pay is poor. Growth opportunities are also limited. Management is always changing, so there is obviously much transition through out the company

    Advice to ManagementAdvice

    Get some stability at management level. Not much respect for employees who are not in brokerage. Not a good place to work

    No opinion of CEO

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