Marcus & Millichap Reviews

Updated August 29, 2015
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209 Employee Reviews

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  1. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    High growth company, industry leader

    Cons

    None to think of currently

    Advice to Management

    Keep up the good work.


  2. Helpful (2)

    Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Real Estate Broker in Long Beach, CA
    Former Employee - Commercial Real Estate Broker in Long Beach, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Marcus & Millichap full-time (More than 3 years)

    Pros

    Great training and a good place to learn the fundamentals of commercial sales. Strong mentors available to help newer agents learn the business.

    Cons

    The industry is winner take all and difficult to break into. It may take over a year to close a transaction with many newer agents leaving the company without ever closing a deal.

    Advice to Management

    Matching junior agents with the correct senior agent is crucial to their success. Also matching junior agents with the correct market area and product type is important.


  3. Negative

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

    Pros

    they hired me when i needed a job

    Cons

    They refuse to pay me a mortgage broker referral fee, which is standard in the company. The company feeds and encourages its ultra competitive work environment. The management doesn't care about their staff but only about their fifty percent commission.

    Advice to Management

    To stop taking advantage of people who bring to you business.


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  5. Cleveland Office is a Mess

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

    I worked at Marcus & Millichap full-time (More than 5 years)

    Pros

    Learn the general concepts of the business--but you will learn it the hard way and not make any money

    Cons

    Long Hours, Useless 'Sales' Exercises, Limited Mentorship, Demanding Managers, Brutal Office / "Mentor" Commission Splits, Super High Turnover


  6. Helpful (5)

    Ignorant ways....

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

    Pros

    The only pro I had while at M&M was the staff team. If not for their support I would have left way before I had a chance to.

    Cons

    No work/life balance. You come in replacing someone who left because they did not want to handle the stress, unbalanced/unhealthy lifestyle, unappreciative and ignorant egos. Give yourself a year to two at most and you will have been push to your max and you will leave too. The ones that stay longer are the ones who lucked out for a bit and they eventually leave too. Management is tricky. As a staff, management has to please their ignorant brokers but also understand they rely on you too...so they try to meet you half way but at the end of the day...you are only a staff...they will chose their brokers. Brokers? If you are not a top producing broker yet…you will be the least of their care. M&M needs to make it clear through management and the work that the staff are not personal assistants or punching bag. No broker OWNS a staff. Management should stop pitching the sales pitch as if we are. The daily treatment for staff compared to brokers, and from new brokers compared to high producing brokers are significantly noticeable and different…in which doesn’t represent a company well at all. No adult child or blood sucking management deserves to be the reason why you cannot see your child grow up, barely have a few hours to eat and sleep before the day starts again, and poor your heart and soul into your work yet still be disrespected. You can do all of that anywhere else if you pleased, but elsewhere would actually pay you more and might even see you as a human being. Not even a billionaire could get me on my knees with their money, business and ability. I would rather go home and live knowing I am respected and prideful rather than being spoken to and treated like a puppet. Money is important but money is just money at the end of the day and money is M&M’s biggest concern…not their employees.

    Advice to Management

    It is all about the money. There is no balance. Some of the greatest leaders, management and companies are the ones who treat their employees with respect and equality. When you learn to reward everyone and not just your brokers...when you learn to appreciate your staff and not just say it...that is when M&M will be known for something that is actually memorable.


  7. Helpful (1)

    Agent

    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Current Employee - Anonymous Employee in Fort Lauderdale, FL

    I have been working at Marcus & Millichap full-time (Less than a year)

    Pros

    Un caped income potential

    Cons

    High turn over rate for new people


  8. Helpful (1)

    Broker Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent Assistant in Irvine, CA
    Former Employee - Agent Assistant in Irvine, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Marcus & Millichap full-time (More than a year)

    Pros

    family type of company culture reasonable pay

    Cons

    little training micro management by supervisor screwed by shady contract and deal commissions

    Advice to Management

    scrutinize every employee for taking shortcuts with standard process for listings and under contract and employees who plagiarize on their accolades and accomplishments


  9. Helpful (2)

    M&M

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

    I have been working at Marcus & Millichap (Less than a year)

    Pros

    Make as much as you want.

    Cons

    Company doesn't care about younger brokers. Has ancient technology.


  10. Helpful (2)

    Associate

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Positive Outlook

    I have been working at Marcus & Millichap full-time

    Pros

    Sky is the limit on potential income and the firm is actively engaged in getting you to $100k+ income

    Cons

    It may take 12-24 months to get your first commission checks


  11. Helpful (1)

    Marketing Coordinator

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

    Pros

    Flexible with schedule, fairly relaxed atmosphere, great team performance

    Cons

    No career growth, no benefits



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