AIG Reviews

Updated July 2, 2015
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AIG CEO Peter Hancock
Peter Hancock
31 Ratings

Pros
  • There is a great potential for work-life balance as long as you work out an agreement with your manager (in 53 reviews)

  • Work-From-Home option given (if needed) (in 30 reviews)

Cons
  • Work life balance: It's slowly getting better (in 15 reviews)

  • Senior management doesn't care too much about their subordinates (in 30 reviews)

More Pros and Cons

283 Employee Reviews

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  1. Good Money for your life

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

    I have been working at AIG

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good Cash Bonus and benefits

    Cons

    Unbalanced workload. The performance management methodology sometimes is not fair

    Advice to Management

    Get the most clear possible targets and metrics


  2. Intern

    Former Intern - Intern - Hourly in New York, NY
    Former Intern - Intern - Hourly in New York, NY

    I worked at AIG as an intern (More than a year)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Good learning experience; worked with a great, chill team

    Cons

    Too much office politics; got annoying fast


  3. Helpful (9)

    A Review of AIG from Someone "From the Top"

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Vice President in New York, NY
    Former Employee - Executive Vice President in New York, NY

    I worked at AIG full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Recently retired from AIG after 35 years. If you’re looking for the best benefits package available, no other firm even comes close to AIG.

    Pension and 100% matching 401K up to 6% and more vacation days than you know what to do with. After a certain job grade, managers (along with some staff) are also eligible for LTI (long-term incentive), which is a “bonus on top of a bonus” for great performance.

    Once you’re “at the top,” your total compensation rises to a level that reminds many outsiders why they despised AIG for using taxpayer money to dole out such exorbitant bonuses.

    Cons

    To be clear, this is not the AIG of old. Gone are the days of the company 1) going out of its way to develop its employees, and 2) consistently tying top performance to rewards and advancement for all employees.

    AIG is now like any other greedy 21st century firm: it showers its executives with incredibly lucrative compensation packages, all the while gutting its North American staff while opening Asian/Pacific centers to engineer cost-savings. Unless your business unit drastically underperforms, (again) once you as an executive are at the top, your career is pretty much set.

    Consequently, this creates a bleak state of affairs for middle and lower management. If you are not in an executive-level position, I cannot emphasize enough that your job could be next on the chopping block. That warning is especially important for North American business units. If you cannot engineer substantial cost-savings on a regular basis, AIG will find a way to move your work overseas to someone who 1) costs 1/3 as much, and 2) is willing to consistently work 12-13 hour days. Therefore, you have to become 3x-4x more productive to offset any advantage gained through an outsourcing action – it’s a vicious zero-sum game.

    Concurrently, “at the top,” AIG is fiercely protective of its own. While more managerial and staff positions will be shipped overseas, AIG’s executives are virtually invulnerable to getting pink-slipped. This is reflected in the changing “make-up” of the employees: while the staff and lower/middle managers are getting more diverse and more off-shore, “the top” still remains largely Caucasian male. It need not be said that “it is like that for a reason.”

    With all of that being said, unless you can break into “the top,” you as an employee will be stuck in a vicious cycle.

    If you’re not consistently getting “1” ratings (top 10%), you have no chance at being promoted or getting a significant bonus, and have only a slim chance at getting a (paltry) raise. If you’re not getting even a “2” rating, I cannot stress enough that your career with AIG will go nowhere. You might survive the offshoring, but it will take an act of God to advance in the company. If you’re getting “3s, 4s, and 5s,” start circulating your resume with other firms, as AIG does not provide “2-weeks notice” to those outside of the executive ranks.

    That last point merits repetition: If you are not among the top 10% of AIG employees, your career stands a tremendous chance of going nowhere. Granted, you could undergo an internal transfer to a higher level/grade position. However, you’d be starting back at Square 1 with a different team, dynamic, command chain (etc.) that you’ll have to work in for another few years before having to contemplate “jumping ship” again to avoid further stagnation.

    Advice to Management

    Having just retired from “the top,” it will not be of much use to give my former peers and colleagues in the executive ranks “advice.” The point should be made simply and clearly: They are who they are and have been for years, and they will not change anytime soon. Since they are the ones who are steering AIG, you can bet that AIG, consequently, will not be changing anytime soon either.

    Therefore, any “advice” I can give will be for those considering AIG as an employer, and for those currently working with the company.

    For those considering working with the company:

    (again) Think long and hard about what you want out of your career. You’re going to have to put in a minimum of 2-3 years before even being considered for a promotion, and you only have a 10% shot at even having the slightest chance (since only the top 10% of performers are even considered). Considering that you would have a better chance of faster advancement flipping burgers at McDonald’s (without the threat of being outsourced), do really want to pin your hopes to such an operation?

    For those currently employed by the company:

    The status quo is not going to change anytime soon. “Relative Performance Review” (RPR) is not going away, as company executives are head-over-heels in love with it (since it helps them figure out which fat is ready for trimming).
    My biggest piece of advice to you is, “go with your gut instinct.” If you feel like you’ve hit a dead end with your career, and feel like you’re going nowhere, you almost certainly have. If you feel like you’ll be doing the same thing in a year, you’re pretty much right on the money (unless you get the “consolation prize” of having to absorb a laid-off colleague’s set of responsibilities and workload for the same pay check).

    Therefore, my 2nd and 3rd piece of advice is to speak to your manager as soon as possible. Don’t ask, but demand challenging work assignments that give you “bragging rights” for the annual ratings. If your manager cannot deliver (accept no excuses on this point), give serious thought to a role transfer. If no transfer is available, start actively pursuing options outside of AIG. Again, it’s your career, and you need to be selfish in how you chase superior opportunities.
    If you elect the “do nothing” option, you have only yourself to blame for negligible career advancement. I was in the company long enough to remember the years when they came to me with opportunities, and I happily took them. It’s no longer like that now. You need to chase every opportunity you can find before they go to Asia or the Pacific.

    “Sitting still” is not an option when the company is doing everything it can to downsize its North American workforce.


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  5. Helpful (1)

    Risk Analyst

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

    I have been working at AIG full-time (More than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Brilliant, kind, and diligent coworkers.

    Cons

    Abstract and sometimes repetitive work.


  6. Operations

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

    I worked at AIG

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

    Pros

    good people to work with

    Cons

    staff is stretched too thin for the amount of work

    Advice to Management

    hire more helpers!


  7. Helpful (2)

    Lots of exposure inteernationally

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

    I worked at AIG full-time (More than a year)

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

    Pros

    Lots of opportunity to grow in such a large company. Once in you can change your area of focus and move into other arenas.

    Cons

    It depends on who your manager is. If you have a bad manager than that may impact your ability to learn and be mentored. I suggest knowing who he/she may be first.

    Advice to Management

    Value your employees. WHat you give out is what will come back to you. Well done is better than well said. Live life to the fullest and you will be


  8. Senior Executive Assistant

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

    I have been working at AIG (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Fellow co-workers, bright new office space.

    Cons

    Low morale, no raises in 4 years.

    Advice to Management

    No advice.


  9. Helpful (1)

    Great Experience

    Current Employee - Summer Analyst in New York, NY
    Current Employee - Summer Analyst in New York, NY

    I have been working at AIG (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    - One of the highest paying internships
    - Relaxed atmosphere
    - Friendly people

    Cons

    - No major cons, maybe just the outdated computers


  10. Helpful (2)

    Vice President of Operations

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Operations in New York, NY
    Former Employee - Vice President Operations in New York, NY

    I worked at AIG

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

    Pros

    AIG attempted to engage all employees at a;ll levels for training

    Cons

    Too political and lack of advancement

    Advice to Management

    Communicate to ALL employees, not just the ones you appear to talk to every day


  11. Analyst

    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at AIG (Less than a year)

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

    Pros

    AIG is Growing .
    AIG science division is more oriented towards evolving technologies.
    There is a good work to life balance.

    Cons

    No Transparency.
    Do not give specific information about your profile until a week before the start of job.
    Salary is not upto the mark



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