Marcus & Millichap

  www.marcusmillichap.com
  www.marcusmillichap.com

Marcus & Millichap Reviews

Updated December 15, 2014
Updated December 15, 2014
179 Reviews
3.3
179 Reviews
Rating Trends

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

Review Highlights

Pros
  • They have a good training program in which you learn how to underwrite commercial income properties (in 14 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Transaction Cordinator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Transaction Coordinator in Miami, FL
    Current Employee - Transaction Coordinator in Miami, FL

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

    Pros

    Fast Paced Learning environment always

    Cons

    Sometimes high pressure with timed goals

    Advice to ManagementAdvice

    Update Technology

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Marcus & Millichap

    Pros

    Great group of people with ability to make the job your own

    Cons

    Very limited mentoring from senior management

    Doesn't Recommend
  3.  

    Good place to start out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Dallas, TX
    Former Employee - Associate in Dallas, TX

    I worked at Marcus & Millichap

    Pros

    M&M does a solid job of taking green agents, training them and allowing them to actually transact

    Cons

    Splits are not competitive, once you have a track record it's probably not the best place to be

    Advice to ManagementAdvice

    Invest in good agents and don't force everyone to follow the sip program.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Competitive culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in Philadelphia, PA
    Former Employee - Financial Analyst in Philadelphia, PA

    I worked at Marcus & Millichap full-time (less than an year)

    Pros

    Well recognized name in the commercial real estate brokerage space. Technology is adequate and company seems always to have many job opportunities.

    Cons

    Very little to no training, internally highly competitive and beyond touting the company Kool Aid, no cohesion among the various groups.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Overwork Employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Brokerage Administrator
    Former Employee - Brokerage Administrator

    I worked at Marcus & Millichap full-time

    Pros

    Great opportunities for advancement in office and sincere working relationships with brokers due to quick staff turnaround.

    Cons

    The company overworks all their employees and allows too many brokers to be needy jerks. Too many brokers are unappreciative and overly whiny, and management can do absolutely nothing to help. Offices are understaffed and underpaid. Training is quick and horrible.

    Advice to ManagementAdvice

    Respect all staff equally. Communicate quickly. Pay raise to keep your staff. Staff more of the workload. Better and extensive training. Control your whiny and needy brokers, we are not their personal assistants, slaves, or mothers. There is a fine line between rude brokers and then snobby brat brokers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Great for training, but get out once established!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Commercial Real Estate Broker in Philadelphia, PA
    Former Employee - Commercial Real Estate Broker in Philadelphia, PA

    I worked at Marcus & Millichap full-time (more than an year)

    Pros

    M&M has a great training program for brokers first starting out in commercial real estate.

    Cons

    The company does not provide enough support to established brokers...When I say support, I mean staff in the office who help with marketing and due diligence materials. Additionally, the company takes a large cut of your commission in comparison to other competitor brokerages.

    Advice to ManagementAdvice

    Invest more money in established brokers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Six figure income possible

    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Marcus & Millichap

    Pros

    Best training in the industy. If a good cold caller you will have the opportunity to do business with high net worth individuals and to learn from them.

    Cons

    An increasing number of commercial real estate brokers compete over a constantly decreasing number of deals, especially in "a" areas. Therefore it can be tought to penetrate the market.

    Advice to ManagementAdvice

    Management is supportive and provides great training.

  9. 1 person found this helpful  

    Strong leader in the Industry; the company is comprised of dedicated and hard working professionals in all departments.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Manager
    Former Employee - Operations Manager

    I worked at Marcus & Millichap full-time (more than 10 years)

    Pros

    The company has spent a lot of time and money developing a comprehensive new agent training program with ongoing instruction by management and staff for company technology, software applications, database development and marketing. Regional managers are responsible for their own one-on-one training and coaching, but the Operation Managers and staff often have to absorb the agents' hostilities due to their frustrations and need for more direction from the RM. Senior agents, who have perfected their game, are doing very well -- just stay out of their way. They have no intentions of sharing their trade secrets.

    Cons

    There are management issues in many of the offices and also further up the ladder. Recruiting is a numbers game. Senior agents resent the need for more competition, and new agents' want more support from RM and other agents in the company.

    Advice to ManagementAdvice

    Show more measurable appreciation to OMs and staff. Granted, the agents are the producers, but their success probably couldn't be accomplished without the extraordinary efforts from all departments and company staff. Sometimes the reward of tangible appreciation means more than the normal acknowledgement of words.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    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
  11.  

    Good company, tough business, gives you the keys to success..

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

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

    Pros

    Excellent training which will give you the keys to become very financially successful. However, you must be willing to motivate yourself or join a rigid team, because the amount of oversight thins as you leave training, and you still have a long grind until you make it to being a successful broker. Sales brokers get $0 salary and all commissions, as is standard in the industry. Finance brokers receive $25k a year plus commission. That's the risk as well as the opportunity.

    Cons

    Lack of salary means you must have strong reserves.

    Positive Outlook
    Approves of CEO

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