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

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Evolving Company

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

I worked at AIG full-time (More than 5 years)

Positive Outlook
Positive Outlook

Pros

Good opportunity to work with smart people; work can be very complex and interesting

Cons

Pay and performance process unfair, especially to incumbents. Long hours, little work/life balance

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  1. Helpful (2)

    Disappointing Lackluster Experience

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

    I have been working at AIG full-time (More than 5 years)

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

    Pros

    As of last year, very generous PTO policy, good 401K match, decent bonuses (on paper), some departments have began to promote flex work arrangements.

    Cons

    No raises for the past 2 years. Ridiculous performance evaluation process with a forced "performance curve" whereby good performers end up with bad ratings to meet the "curve" and get stripped of bonuses. Poor systems and IT support in general. "Boys club" at the management level making it impossible to get promoted, very policital. Generally, virtually non-existent promotions, even at lower levels, despite consistently high performance ratings. Very limited opportunities for training. Grueling hours in some departments (such as financial reporting). Office space downsizing touted as "workspace optimization" resulting in people being placed in shoebox size cubicles, even at director level. Useless HR unable to take action.

    Advice to Management

    There are too many change initiatives going on at the same time. Manage and prioritize change properly, do not overload people by 100s of "top priority" projects. Give people raises just to keep up with rising prices and inflation!!! Get that performance curve in line with industry standards - it's impossible to weed out 20% of workforce every year on the grounds of poor or unsatisfactory performance. Use some common sense when planning work space - people can't work in a cube so small that you cannot even move your work chair. Outsourcing IT support to India was not a smart decision - it has been taking weeks to get even small things fixed thus hurting productivity. Establish career paths that are real and allow for people move up and get promoted.


  2. Helpful (1)

    As an Intern, It is a wonderful way to understand the insurance business

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

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

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

    Pros

    I was an intern during summer 2012: -Plenty of chances to network -Weekly meetings with top executives -Intern Perks (Mets games, Dinner, etc.) -Depending on department, plenty of opportunities to expand knowledge of finance and insurance

    Cons

    None to share, the experience was a wholly positive one.

    Advice to Management

    Continue to value your interns like you did in the Summer of 2012 and you will stream solid talent.


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

See Most Recent

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