Marcus & Millichap

www.marcusmillichap.com

Marcus & Millichap Reviews

Updated January 22, 2015
Updated January 22, 2015
182 Reviews
3.2
182 Reviews
Rating Trends

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Approve of CEO
Marcus & Millichap President & CEO John J. Kerin
John J. Kerin
64 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.  

    Good place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Commercial Real Estate Broker
    Current Employee - Commercial Real Estate Broker

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

    Pros

    Will hire when no one else will; great sales experience

    Cons

    commission only pay, company is stingy

    Advice to ManagementAdvice

    focus on hiring the right people as opposed to hiring everyone and having a revolving door

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    It's just a sales job, don't let anyone tell you differently.

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

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

    Pros

    Flexible hours
    Commissions can be rewarding
    Good training Program if You want To Learn How to Be a Salesman

    Cons

    It is a sales job. You will spend 60-80% of your time cold calling people and soliciting yourself and the company. It's really no different than selling magazine subscriptions over the phone except the product is much larger and you have to wear a suit to work.

    Advice to ManagementAdvice

    Offer a salary.
    Don't make your glorified telemarketers wear suits. It's almost comical.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    "Don't be original...." (actual quote from leadership)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Social Media Manager in Walnut Creek, CA
    Former Employee - Social Media Manager in Walnut Creek, CA

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

    Pros

    Good pay, opportunity to learn about commercial real estate.

    **Please note: this review applies only to the marketing/communications dept.

    Cons

    Micromanagement, misleading job description, no opportunity for growth or advancement, open preferential treatment to favored coworkers, serious lack of direction, job responsibilities taken away & given other non-productive work to do, management does not listen, leadership will sacrifice workers to protect themselves, etc.

    Advice to ManagementAdvice

    Don't hire people for one job & a month later tell them they're doing something completely different. Let people provide feedback, don't treat adults like children. Give direction in a constructive way. There is no reason whatsoever to demean or angrily criticize people in front of their peers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    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
  7.  

    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
  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  

    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
  10. 2 people 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
  11.  

    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

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