Marsh & McLennan Companies

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Marsh & McLennan Companies Reviews

Updated August 15, 2014
Updated August 15, 2014
298 Reviews

3.2
298 Reviews
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Marsh & McLennan Companies President & CEO Daniel S. Glaser
Daniel S. Glaser
90 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

60 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Not the best company for minorities and working mothers!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst  in  New York, NY
    Current Employee - Analyst in New York, NY

    Pros

    It is the flagship company of MMC - the parent company. Aside from that, can't think of any other reason why I would want to work for the company. Some of the people that work there are nice, but it would be better if the company were more diversified and structured

    Cons

    The company is not very accepting of minorities, particularly blacks. The ration is something like 1:50. Very hard to find a lot of minorities in office positions. Also not very accepting or considerate of working mothers. You create your own career advancement. There is no structure surrounding that. The company o is also going through a lot of senior management changes and organizational changes. You have to be a fast learner and find your way around issues. A lot of help is not given to help you to understand how the company works. Very individualized, an every man for himself spirit exists there. You also have to know the right people to get promoted.

    Advice to ManagementAdvice

    Marsh needs to become a more diversified company and senior management needs to be more accommodating of working mothers. With the current structure, no allowance is made for working mothers. It is tough working at Marsh as a minority. The company is losing major talent and skill set as a result. Senior management also needs to learn to relate to minorities better.

    No opinion of CEO
  2.  

    Don't stay there beyond 3 yrs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Talk 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.

    Doesn't Recommend
    No opinion of CEO
  3.  

    Good for the right personality

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Client Advisor  in  Washington, DC
    Current Employee - Client Advisor in Washington, DC

    Pros

    Great 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.

    Cons

    Compensation 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 ManagementAdvice

    Break down the silos, flatten out the organization and get rid of the dead weight!

    Doesn't Recommend
    No opinion of CEO
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  5.  

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

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

    Pros

    Good company to get shared services expereince.

    Cons

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

    Advice to ManagementAdvice

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

    No opinion of CEO
  6.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Trust Administrator  in  Norwood, MA
    Current Employee - Trust Administrator in Norwood, MA

    Pros

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

    Cons

    The 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 ManagementAdvice

    Your 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.

    Doesn't Recommend
  7.  

    This Place is Doomed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Client Representative II  in  Charlotte, NC
    Current Employee - Client Representative II in Charlotte, NC

    Pros

    Excellent resources. Talented, knowlegable staff.

    Cons

    Senior 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 ManagementAdvice

    Share the wealth. Get feedback from the frontlines before wasting time and money on another half-assed initiative.

    Doesn't Recommend
    No opinion of CEO
  8.  

    ...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - .  in  Seattle, WA
    Current Employee - . in Seattle, WA

    Pros

    Well 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.

    Cons

    Marsh 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 ManagementAdvice

    Cut fat at the top, as 3% raises cant go on forever...

    Doesn't Recommend
    No opinion of CEO
  9.  

    Data Administrator

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

    -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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

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

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

    Pros

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

    Cons

    Totally 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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

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

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

    Pros

    Global reach, range of services

    Cons

    Zero innovation, arrogant management, inefficient operations

    Advice to ManagementAdvice

    Unleash the analysts

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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