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Helpful (5)

The worst Company I have ever worked for.

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

I worked at AIG

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

Initially high starting salary Location of Corporate Office has nice views. Nice area downtown; good restaurants; right next to the Seaport.

Cons

Culture is still not team oriented. Lower level decision making is not rewarded and often penalized due to probably the worst RPR system on the planet! Performance is not measured based on accomplishment. Performance is measured based on collective voting by managers who may or may not know what you do (old GE model) using an equal distribution between groups of jobs that are put together with no connection in functionality. This was obviously a "knee jerk" reaction to the public outcry of executive salaries after the bailout and was not well thought out.

Advice to Management

Need to commit to a total cultural change, because the way things are going nobody in their right mind will ever tell you the truth if they want to keep their jobs. Right now, I do not see this Company surviving with the type of people you are retaining. I say retaining, because only employees who don't care and want to coast will remain with AIG given the current environment there.

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  1. The first 8 years were great but post 2008 bailout was Hell until my business unit was shut down recently.

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

    I worked at AIG

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Huge global reach offering opportunities throughout the financial services sector. Instant brand recognition throughout the world. World leader in insurance offerings.

    Cons

    2008 bailout effectively destroyed brand reputation. Sale of key business units to repay the government shrunk the company and eliminated some of its critical competitive advantages. Internal atmosphere still is negative and financial decision-making controlled by the Fed/Govt. Future outlook remains uncertain.

    Advice to Management

    Remove the remaining management that had key responsibilities for the AIG crisis.


  2. Very solid per 2008. Disorganized and rudderless since.

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

    I have been working at AIG

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    You can easily succeed by just being above average. If you like being pigeon holed for you entire career it's great. Also if you have no ambition this is the place.

    Cons

    Blatant favoritism, No stock. Bad review process. No salarie increases. Poor benefit packages.

    Advice to Management

    Say what you mean and mean what you say.


There are newer employer reviews for AIG
There are newer employer reviews for AIG

See Most Recent

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