Marsh & McLennan Companies

  www.marsh.com
  www.marsh.com

Marsh & McLennan Companies Reviews

Updated October 28, 2014
Updated October 28, 2014
320 Reviews
3.2
320 Reviews
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Marsh & McLennan Companies President & CEO Daniel S. Glaser
Daniel S. Glaser
96 Ratings

Review Highlights

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

  • Very little thought given to providing any sort of work/life balance to employees (in 5 reviews)

More Highlights

91 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Upper management is the bad apple in the barrel

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

    I have been working at Marsh & McLennan Companies

    Pros

    Salary is decent

    Benefits are good

    My office environment is decent

    Cons

    Upper level management

    Not much opportunity to advance

    Company wide raise freeze after first year of employment. Raise freeze has been in effect for several years now.

    Horrible feedback from management and bad performance review policies. Management seems to think that unless you email them every time you sneeze then you don't exist as far as the company is concerned (slight exaggeration)

    Advice to ManagementAdvice

    MMC is a decent company to work for but there are some serious competency issues with people in upper management that are driving the IT sector of the company in the ground. First level managers are great from what I have experienced.

    It's only a matter of time before things implode and the IT infrastructure will be in need of a serious overhaul. Once CIO level management realizes what is going on things will change in the company.

    Recommends
    No opinion of CEO
  2.  

    $85,000

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

    I have been working at Marsh & McLennan Companies

    Pros

    Stable company, Great leadership, salary and benefits package. Brian Dupperault is doing a great job. attractive bonus and midtown location are also a plus.

    Cons

    Performance review needs to be improved. Need to give better opportunities for employees to switch jobs wiyhin the company. Continuous education should be given to employees who exceeds management expectation.

    Advice to ManagementAdvice

    Brian Dupperault is doing a fantastic job. They are on the right track and will succeed. Should give more autonomy and opportunities for growing within the company.

    Recommends
    Approves of CEO
  3. 1 person found this helpful  

    AVP - P&C Client Advisory and Broker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President - Insurance Broker in New York, NY
    Current Employee - Assistant Vice President - Insurance Broker in New York, NY

    I have been working at Marsh & McLennan Companies

    Pros

    Great Place to get experience in work world if interested in a career in financial services that doesn't require over 50 hours a week. Great People and usually top flight clients.

    Cons

    Company was hit hard by Spitzer suit and only really began to recover in 2008. Very limited up side potential. Don't work here if money is your top priority.

    Advice to ManagementAdvice

    Keep making necessary changes to firm for growth.

    Recommends
    No opinion of CEO
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  5. 1 person found this helpful  

    Low morale, Layoffs, and a Sad Decline

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

    I worked at Marsh & McLennan Companies

    Pros

    Very talented, dedicated people. Good salary and benefits. Attractive building. Pleasant office space. Nice views from Hoboken. Some prestige--name recognition around the world (at least in the insurance industry).

    Cons

    Lots of layoffs in IT. Low morale. Everyone worried that the axe will fall on them. Tendency to leave people stuck in same position for years--you have to really be assertive to avoid getting stuck. Frequent leadership changes with corresponding changes in culture/direction. Feeling that employees are taken for granted. Management does not seem to care at all about losing good people. In fact, they've been actively trying to get rid of people to reduce payroll. There seems to be a perception around the firm that IT doesn't really help to maximize profit--it provides too little bang for the buck.

    Advice to ManagementAdvice

    Things have been declining there for years, so it's tough to see that anything will change anytime soon. If I were a manager, I would keep my resume up to date and look for a better opportunity elsewhere. So many other people have done the same thing.

    No opinion of CEO
  6.  

    Solid company, but needs strong leadership to drive change.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Office Administrator in Chicago, IL
    Former Employee - Office Administrator in Chicago, IL

    I worked at Marsh & McLennan Companies

    Pros

    I had the opportunity to work for a group that was progressive and growing. There were many chances to advance my career and take on new challenges. Management was supportive of training and development and was generous with tuition reimbursement. I was rewarded and recognized for hard work. The benefits and salary were more than competitive.

    Cons

    Marsh as a whole was actively reducing expenses, but lost focus on generating revenue. The focus on expense reduction hindered investment in growth areas of the business. The brokerage side of the business is having difficulty taking advantage of technology to improve operational efficiency. The organization is not progressive and resists change.

    Advice to ManagementAdvice

    Focus on revenue production. Reducing headcount isn't always the best way to reduce expense. Leverage technology to improve efficiency and provide better and different services to clients.

    Recommends
    No opinion of CEO
  7.  

    It's not the worst place I've ever worked...

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

    I have been working at Marsh & McLennan Companies

    Pros

    My position is stable (as stable as anyone's at any organization). I have been in the insurance industry for more than 25 years and Marsh is hopefully where I will end my career in insurance. Being in a smaller office has it's advantages - we are truly more like a family.

    Cons

    Hear that times are hard and raises will be minimal if at all - then we are bombarded with correspondence about new positions being created...

    Advice to ManagementAdvice

    Be honest. If times are hard for the "little people" they should be hard for the "big boys" too.

    Recommends
    No opinion of CEO
  8.  

    lack of internal transfers make employees bored

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President in San Francisco, CA
    Current Employee - Assistant Vice President in San Francisco, CA

    I have been working at Marsh & McLennan Companies

    Pros

    depth of knowledge in senior personnel

    Cons

    lower pay, lay offs leading to greatly increased workload & reducing ability to transfer within company

    Advice to ManagementAdvice

    Department managers should not make deter/not allow internal transfers. This is the only way to keep good people that are bored in their current positions.

    No opinion of CEO
  9.  

    Marsh is a great place to take a long term view

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Vice President in Salt Lake City, UT
    Current Employee - Senior Vice President in Salt Lake City, UT

    I have been working at Marsh & McLennan Companies

    Pros

    Resources and a solid group of colleagues who have held this firm together through some very tough times. The secrets of success here are honesty, hard work and keeping clients happy

    Cons

    Continuous reorganization and stress created by reorg actions and moves.

    Advice to ManagementAdvice

    Remember the people who have built and retained this company during the hard times. Too much "reward" has been bestowed upon the gladly departed and too little on those that have accepted no raises and other issues for the past four years. Recognize the ones who have made Marsh viable.

    Recommends
    No opinion of CEO
  10.  

    Great place to work if you have the cojones!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Client Advisor in San Francisco, CA
    Current Employee - Client Advisor in San Francisco, CA

    I have been working at Marsh & McLennan Companies

    Pros

    It's a huge company with the big opportunties that come with that - Marsh will support you if you want to change departments, change offices, change jobs - I know as I've done this several times! Marsh is good to good employees - you just need to be willing to be in charge of your career - Marsh encourages education and growth. If you find the right niche, you'll be very happy at Marsh.

    Cons

    Marsh is a huge bureacracy - long-winded forms are needed to do just about anything internal or external - there's definitely a "who you know" vibe at this company - you need to be aggressive and outspoken about what you want and where you want to go in the company - management will not guide you, you need to be able to guide yourself and this does not work well for everyone.

    Advice to ManagementAdvice

    Treat the lower level employees better - the lack of raises over the last few years is disheartening - morale is very low. The expense cutting is working, but is not pushed on the top as much as it needs to. Those that are not performing should be disciplined or canned.

    No opinion of CEO
  11.  

    "Looking up...."

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

    I have been working at Marsh & McLennan Companies

    Pros

    There is a lot of long term growth potential, provided you work hard. Lots of bright people who are willing to share knowledge and experience for a variety of coverage lines. Lots of good exposure to clients in a variety of industries.

    Cons

    If working for a large company is not your cup of tea, then this could be looked down upon. There are varying aspects of working for a large company that can deter some people, but local offices make you forget how large the company actually is.

    Advice to ManagementAdvice

    Local Senior Management does a good job of communicating with employees about key issues. Given the Spitzer saga, Senior Management has done a good job of continuing to work to make Marsh the best broker in the world.

    Recommends
    No opinion of CEO

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