Marsh & McLennan Companies

  www.marsh.com
  www.marsh.com
There are newer employer reviews for Marsh & McLennan Companies

 

A pretty nice place to work!

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Client Representative in Chicago, IL
Former Employee - Client Representative in Chicago, IL

I worked at Marsh & McLennan Companies full-time (more than 5 years)

Pros

flexible, good management, Minneapolis folks are nice, senior management made a lot of change lately and company is doing better.

Cons

too many Client Execs doing nothing and not enough worker bees.

Recommends
Positive Outlook
Approves of CEO

320 Other Employee Reviews for Marsh & McLennan Companies (View Most Recent)

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  1.  

    Software developer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Developer II in Hoboken, NJ
    Former Employee - Software Developer II in Hoboken, NJ

    I worked at Marsh & McLennan Companies full-time (more than an year)

    Pros

    Great Company and Great Env. The company have some great benefits.Enjoyed working there.Marsh is one of the best companies to work with in terms of benefits.One should go for it if given a chance.

    Cons

    Parking is an Issue .Parking in a garage is very expensive if you plan to park for the whole month.

    Recommends
    Neutral Outlook
  2. 3 people found this helpful  

    3 CEOs in 4 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Broker in San Francisco, CA
    Former Employee - Insurance Broker in San Francisco, CA

    I worked at Marsh & McLennan Companies full-time (more than 5 years)

    Pros

    - Many smart, knowledgeable, professionals
    - A fairly uniform world-wide brand
    - Broad spectrum of resources
    - A good place for young people to gain experience and responsibility
    - Decent wages and benefits for the middle rank-and-file
    - Very good compensation plans for senior and executive management
    - The Risk Management division (multi-nationals) traditionally had low turnover and excellent technical people
    - Extended benefits to Domestic Partners

    Cons

    - Very bloated, centralized management structure in New York HQ
    - Executive management's response to Spitzer's legal action in 2004 took 3 tumultuous years to stabilize and when the smoke cleared, a flattish, flexible decentralized organization had morphed into a rigid, authoritarian and increasingly out-of-step and out-of-touch management team.
    - Constant changing of technology platforms - most very, very bad - clunky and cumbersome.
    - 10s of millions of dollars spent on bespoke technology platforms - abandoned after a year or 2 - which really looks bad when you cyclically lay off hundreds of skilled workers.
    - Too many Managing Directors shuffling papers
    - Moving toward cheap, disposable workers
    - Middle Market business model can't compete with local and Regional
    - No longer stand out as knowledge leaders

    Advice to ManagementAdvice

    - Build a culture that values expert knowledge again. In fact, build a culture - yes, with real values; honesty, transparency - then walk the talk
    - Sell your Middle Market business - you're burning out your people in a doomed effort to compete with more flexible companies who focus solely on that sector. They do it better than you.
    - Focus on Risk Management
    - Send half your MDs out to pasture
    - Stop selling on price
    - Get rid of the commission structure - it provides the wrong incentives; selling cheap price and taking too long in the marketing cycle to do so thereby driving down profit - double whammy.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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