Marsh & McLennan Companies Reviews

Updated June 29, 2015
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Marsh & McLennan Companies CEO Daniel S. Glaser
Daniel S. Glaser
1 Rating

Pros
  • Fantastic benefits and a great work-life balance (in 27 reviews)

  • Good benefits and paid time off is generous (in 18 reviews)

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

  • And forget about the work/life balance - it didn't exist (in 5 reviews)

More Pros and Cons

100 Employee Reviews

Sort: Popular Rating Date
  1. It

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

    I have been working at Marsh & McLennan Companies (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great benefits package, ability to work from home

    Cons

    Corporate cost-cutting everywhere means people work in silos, raises are little to non-existent, annual review process is pointless and not timely, there's no push to promote and train people, company wastes money left and right

    Advice to Management

    Take care of your people better


  2. Helpful (1)

    Work

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

    I worked at Marsh & McLennan Companies

    Recommends
    Recommends

    Pros

    Interesting, creative, room to grow, lots of work, community based, and lots of work.

    Cons

    Lots of work, lots of work, recognition not always there, lost in shuffle, favors external sales roles.


  3. Helpful (2)

    Good firm to understand insurance industry and build relationships

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

    I have been working at Marsh & McLennan Companies full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Only pertaining to Marsh not the entire firm (Guy Carp, Mercer, OW) Tech-wise and innovation... Marsh is leading the pack in the insurance industry and the top broker firms. Great support and open to intrapreneurship. A lot of folks in the industry came from or started out at Marsh. Great place to build relationships as they have a great reputation in the industry.

    Cons

    As usual, if you're coming from a large corporation especially in the same or similiar industry you will probably find the same cast of characters. There are politics involved but not so much that you drown in it. As with other big corps, things move at a snails pace.

    Advice to Management

    Be more involved and set a tone. Middle management always follow the lead of their leadership and if the leadership is aloof or unsupportive it creates paranoia and uncertainty in people. This is very frustrating to see and affects the job performance of everyone going down the line.


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  5. Associate

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

    I worked at Marsh & McLennan Companies full-time

    Pros

    Great people, very collaborative environment

    Cons

    Limited promotional opportunities, management stresses lateral, not upward, promotions, antiquated tech infrastructure


  6. Excellent Work Environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Generalist in New York, NY
    Former Employee - Human Resources Generalist in New York, NY

    I worked at Marsh & McLennan Companies full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great people, comprehensive benefits package, pension plan, decent vacation and personal days allowance, nice cafeteria

    Cons

    Senior management in the group was very overpaid for their skill level and ability to manage. Luckily, most of the dead weight in the upper ranks was let go shortly after I left. I hear positive things from colleagues who are still there.

    Advice to Management

    HR at the company needs to be way more progressive. I would advise doing more benchmarking with HR departments in top companies and implementing best practices.


  7. Administrative Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Toronto, ON (Canada)
    Former Employee - Administrative Assistant in Toronto, ON (Canada)

    I worked at Marsh & McLennan Companies full-time (More than 3 years)

    Recommends
    Recommends

    Pros

    good working environment, no overtime

    Cons

    less opportunity to grow further in the company


  8. IT Manager

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

    I worked at Marsh & McLennan Companies (More than a year)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    A good corporation to work at

    Cons

    Work-life balance is often not appropriate

    Advice to Management

    Work with staff in a less pressure-cooked manner


  9. Helpful (2)

    Survival of the Fittest and the Lucky

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Pittsburgh, PA
    Current Employee - Senior Associate in Pittsburgh, PA

    I have been working at Marsh & McLennan Companies full-time (More than 10 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    - Knowledgeable colleagues who know their stuff
    - Many opportunities to grow skills/learn
    - Challenging and varied assignments
    - Flexible working environment and often the ability to work remotely.
    -They have treated me well enough over the years that I have lasted 13 years so far.

    Cons

    - Luck of draw effect...some of the Pros depend on where you end up and who you work for
    - Workload can sometimes be overwhelming
    - Some of those knowledgeable colleagues are kind of hard to work for.
    - Performance Ratings system is a joke...rigged game designed to reward a select few.
    - If you're an expert and you deliver great work, it doesn't matter, you're still a second class citizen compared to the colleague that made sales.
    -Company is run by bean counters who panic on a monthly basis about financials and demand billable hours forecasts from all Associates.
    -Career growth is difficult if you don't want to sell. Many people make it to Principal and then turtle up....doing the minimum to make their sales and revenue targets
    - 13 years here, but the trend to me seems generally negative. Salary, benefits, Bonus, and continued career growth, all seem uncertain

    Advice to Management

    Value the work first. Invest in the best people doing the best work and the clients will come


  10. Low staff morale

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

    I have been working at Marsh & McLennan Companies

    Neutral Outlook
    Neutral Outlook

    Pros

    - Great staff and lots of intelligent people to work with
    - Large company with excellent global resources
    - Strategic and sophisticated client service methodology
    - Excellent and challenging clients

    Cons

    - No recognition given to top performing employees
    - Senior management with fat pay checks while lower level employees are run to the ground and extremely underpaid
    - Company is all about the clients at the expense of staff well being and morale
     - Salary review process a joke. Constant internal memos about year on year double digit growth while non-management staff who really deliver the services to clients receive salary adjustments lower than inflation
    - too much unnecessary bureaucracy
    - CEO gets a lot of kudos from shareholders for cutting costs while staff are burnt out due to ridiculous work load and lack of support staff
    - low employee morale
    - everything has to be approved by New York

    Advice to Management

    Invest back in the business or you will lose your top performers which in turn will cost you a hell of a lot more than just recognising and doing the right thing by your staff


  11. Helpful (2)

    Raises are consistently 0% to 2% a year.

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

    I have been working at Marsh & McLennan Companies

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    The purpose of my review is mostly to focus on salary increases at Marsh. I will preface my comments by saying that I enjoy my job, mostly because of the people I work with. I've also been given opportunities to advance in the company, which has made it worth my while to stay here. Marsh employees will know that meeting expectations is associated with obtaining a "3" performance rating at the end of year review. In my time working for a subsidiary of this company, I have rated between 3 and 5, regularly meeting and exceeding expectations. In any given year, the highest salary increase I've had was 2%, and in every instance, was well below the national average. Although it is possible to start off with a salary that is competitive at Marsh, over time, one is at a disadvantage salary-wise.

    Cons

    To reiterate, salaries can be competitive and opportunities available if you with hard. However, salary increases tend to be very small year to year.



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