Marcus & Millichap

  www.marcusmillichap.com
  www.marcusmillichap.com

Marcus & Millichap Reviews in Chicago, IL

Updated September 29, 2014
Updated September 29, 2014
172 Reviews
3.2
172 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Marcus & Millichap President & CEO John J. Kerin
John J. Kerin
60 Ratings

Review Highlights

Pros
  • They have a good training program in which you learn how to underwrite commercial income properties (in 13 reviews)

  • There is a lot of money to be made in the commercial real estate business (in 7 reviews)


Cons
  • No benefits, no salary (small salary if SIP, which later gets deducted from commissions) (in 10 reviews)

  • 100 percent commission based compensation structure (in 7 reviews)

More Highlights

5 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great Company, Great Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate in Chicago, IL
    Current Employee - Sales Associate in Chicago, IL

    I have been working at Marcus & Millichap full-time (more than an year)

    Pros

    Great training, Great Tools, Great opportunity for self directed people

    Cons

    must be self driven and need strong reserves set aside for first year

    Advice to ManagementAdvice

    consider small draw/salary for rookies

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Associate

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

    I have been working at Marcus & Millichap full-time

    Pros

    Learn a lot about investment brokerage--tremendously high upside

    Cons

    Tremendously low floor--not enough mentoring to justify full time commission

    Advice to ManagementAdvice

    Be honest with employees

  3.  

    Great Introduction To Real Estate

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

    I have been working at Marcus & Millichap full-time (more than an year)

    Pros

    Great Training Program, many workshops to attend.

    Cons

    Saturated Chicago Market, clients have bad impression of the company.

    Advice to ManagementAdvice

    Don't lose sight of your up and coming brokers

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Real Estate Investment Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President of Investments in Chicago, IL
    Current Employee - Vice President of Investments in Chicago, IL

    I have been working at Marcus & Millichap full-time (more than 10 years)

    Pros

    Excellent-Private Debt Free Company
    Fantastic training for new agents
    6 Figure Income Potential
    100% Focus on Investment Sales

    Cons

    Long Hours During Ramp up

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    RE Broker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Real Estate Broker in Chicago, IL
    Former Employee - Real Estate Broker in Chicago, IL

    I worked at Marcus & Millichap

    Pros

    Recognition in the RE industry
    Location
    Opportunity

    Cons

    Commission Based Compensation
    Charge for "Training"

    Advice to ManagementAdvice

    They know what they are doing

    Doesn't Recommend
    Approves of CEO

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