First Marblehead Reviews

Updated July 24, 2015
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3.5
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First Marblehead President, CEO, and Director Dan Meyers
Dan Meyers
7 Ratings

12 Employee Reviews

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  1. Manager

    Former Employee - Assistant Manager in Boston, MA
    Former Employee - Assistant Manager in Boston, MA

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

    Pros

    • Starting position was System Developer to analyze student loans that do not require inter-department operators to carry piles of mails and documents during their job function and activities action time.

    Cons

    • Ending position was Manager to design loan approval activities map, functional requirement and human interactions. Accomplishments covered ordering equipment, materials, leading every memorandum on activities, dues, plans during meeting and employee appraisal. • Business product managed are listed as student loan, credit scores, course registration, transcripts, identities, passport, IBM Cobol AS 390, HP Servers, Microsoft SQL Servers, Project Managers, Networking Protocols, EMC InputAccel, Documentum, E-Room, Pega System, and Oracle Data Warehouse. • Customers managed are listed as Federal Reserve Bank, Experian, Equifax, TransUnion, Goldman Sachs,


  2. Could be better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Applications Developer in Warwick, RI
    Former Employee - Applications Developer in Warwick, RI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great flexibility in work hours. Work from home was always approved. Great work life balance. Few very smart folks I had a chance to work with that I am thankful and happy I had the chance to work with.

    Cons

    I felt cheated at the interview, the position was advertised as a .NET developer and the work turned to be only database development. Had I known at the beginning my backlog will be packed with database development stories I would have pursued a different job. Would have not wasted anyone's time and it would have allowed TMS to find the right candidate. They also seem to hire .NET developers and wish to turn them into Java developers due to lack of development talent in the Rhode Island area. :(


  3. Great temporary job.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Decent pay for no prior experience

    Cons

    Location and commute could have been better


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  5. A best of times, the worst of times

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing in Boston, MA
    Former Employee - Marketing in Boston, MA
    Neutral Outlook
    Disapproves of CEO

    I worked at First Marblehead full-time (More than 3 years)

    Pros

    In good times, plenty of resource and autonomy to fuel growth, smart and fun colleagues, data-driven intelligent decision making

    Cons

    In bad times, we were unprepared for the cliff of student lending drop off. There was no plan B and many were laid off ... Fast


  6. Loved my job!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Multiple in Medford, MA
    Former Employee - Multiple in Medford, MA
    Recommends
    Approves of CEO

    I worked at First Marblehead full-time (More than 3 years)

    Pros

    I worked for First Marblehead for just over 4 years and held a variety of positions. Pros included: -Great people - Decent culture -Great Facilities -Great Pay -Great Benefits -Lots of Opportunity for growth and change -Supportive Management

    Cons

    Industry troubles forced a change in the board which was ultimately the death knoll for most of us at the company. Misplaced trust in replacement leadership turned what was an awesome place to work into a very unstable place. Having met and worked with the CEO several times and him not even remembering we had met was a huge insult. On the other hand, Dan Meyers the original and current CEO, has a way of making everyone feel important. Sure he is mercurial but he is exciting and if anyone can restore FMC, it is him!


  7. good people, bad sr. leadership

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Marblehead full-time (More than 3 years)

    Pros

    good people good training and growth for some positions great benefits

    Cons

    disconnect between employees/management and lsr. leadership no vision/mission

    Advice to Management

    might be good to get new sr. leadership to help run the company


  8. I wouldnt want to do it again.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Analyst in Medford, MA
    Former Employee - Loan Analyst in Medford, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at First Marblehead full-time (Less than a year)

    Pros

    the other temps I worked with, nice cafe,

    Cons

    they take on temps promise them all this work, overtime and the upper manangement takes it for themselves and just smile in your face, not enough work. boring, they seem to like to keep the little people down, dont explain things throughly and to many people trying to train you everyday it was someone different and i understand you should learn different ways, but not in a one week trial. they tell you your doing good and then tell the manager your not, VERY two faced management.

    Advice to Management

    dont make promises you cant keep,


  9. Until they laid everybody off, it was good.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at First Marblehead full-time (More than 3 years)

    Pros

    Salary, Flexibility, Good People, Location, Benefits

    Cons

    Sr Management Grew to fast Poorly handled downsizing

    Advice to Management

    Watch growth more carefully


  10. ok

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Approves of CEO

    Pros

    was growing really fast with lots of opportunities

    Cons

    lack of communication among different departments


  11. Bad

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    Very friendly environment. Officers usually offer perks if deadllines and expectations are met. There was plenty of over time opportunities.

    Cons

    Lack of a future for better or for worse. Since the industry of selling student loans is gone, the company has remained stagnant.

    Advice to Management

    There are no advice for management. They did their best. It was the economy which messed up everthing. They will just have to wait it out.



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