First Marblehead

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First Marblehead Reviews

Updated Jun 30, 2014

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All Employees Current Employees Only

3.1 9 reviews

57% Approve of the CEO

First Marblehead President, CEO, and Director Dan Meyers

Dan Meyers

(7 ratings)

63% of employees recommend this company to a friend
9 Employee Reviews
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    I wouldnt want to do it again.

    Loan Analyst (Former Employee) Medford, MA

    Prosthe other temps I worked with, nice cafe,

    Consthey 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 Senior Managementdont make promises you cant keep,

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Bad

    Anonymous Employee (Former Employee)

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

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

    Advice to Senior ManagementThere 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.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    good people, bad sr. leadership

    Anonymous Employee (Former Employee)

    Prosgood people
    good training and growth for some positions
    great benefits

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

    Advice to Senior Managementmight be good to get new sr. leadership to help run the company

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good work culture and a relaxed environment

    Anonymous Employee (Former Employee)

    ProsRelaxed office environment with friendly people. Engaging work and good team dynamics without it being too stressful.

    ConsA bit limiting for promotions. The company has taken a big hit since the recession and there isn't much opportunity for promotion.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    A best of times, the worst of times

    Marketing (Former Employee) Boston, MA

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

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Loved my job!

    Multiple (Former Employee) Medford, MA

    ProsI 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

    ConsIndustry 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!

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Until they laid everybody off, it was good.

    Anonymous Employee (Former Employee)

    ProsSalary, Flexibility, Good People, Location, Benefits

    ConsSr Management
    Grew to fast
    Poorly handled downsizing

    Advice to Senior ManagementWatch growth more carefully

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    ok

    Anonymous Employee (Former Employee) Boston, MA

    Proswas growing really fast with lots of opportunities

    Conslack of communication among different departments

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Buckle in for a wild ride -- great opportunity, but a wild-west atmosphere

    VP, Marketing (Former Employee) Boston, MA

    ProsLearning opportunities. First Marblehead is ahead of the curve in defning an emerging industry. There are tremendous opportunities to explore, experiment and define success. The caliber of colleagues is simply fantastic. People are tremendously smart and fun to work with. There is a very collegial atmosphere and a terrific social community.

    ConsIndustry turbulence. Unfortunately the credit markets and regulatory environment have dealt First Marblehead several body-blows recently. There has been extreme turn-over and massive layoffs this year. The return of the former CEO, Dan Myers may provide a shot in the arm and a return to solid growth. Dan is an unpredictable maverick with an "in crowd" and an "out crowd". He'll clean house, but there may be opportunities for new employees to rebuild FM back to its deserved glory. Its a challenging, dynamic environment that does not place a premium on communication from Sr. Management or standard management practices -- work/life balance, benefits, career development etc. Its kind of the Wild West and Dan is the sherriff. Hope he likes you and buckle in for a wild ride.

    Advice to Senior ManagementWith the rare opportunity for a "do-over" I would recommend hiring beyond your circle of "known buddies" and bringing in some outside talent who can help build infrastructure for scalable success. The last time around, FM's stellar growth took it from infancy to "awkward teenage" years without the opportunity to mindfully create a model for success at a larger scale. Place a premium on communication, allow more of your management team to contribute to success and recognize efforts and contributions.

    Yes, I would recommend this company to a friend

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