Marsh & McLennan Companies Reviews

Updated May 15, 2015
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Marsh & McLennan Companies CEO Daniel S. Glaser
Daniel S. Glaser
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Pros
  • Fantastic benefits and a great work-life balance (in 27 reviews)

  • Good benefits and paid time off is generous (in 18 reviews)

Cons
  • Noone is recognized except top producers ands senior management (in 13 reviews)

  • And forget about the work/life balance - it didn't exist (in 5 reviews)

More Pros and Cons

40 Employee Reviews

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  1. Helpful (3)

    Frustrating Place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Account Manager in Las Vegas, NV
    Current Employee - Client Account Manager in Las Vegas, NV
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Marsh & McLennan Companies full-time (More than 8 years)

    Pros

    Nice new office and equipment. Regular to good benefits.

    Cons

    Most employees are like robots that agree with all that management says and talk bad behind their backs after they agreed with their ideas

    Advice to Management

    Very difficult. You have to have popularity with management.


  2. Helpful (3)

    Run

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Alot of good talent and good people.

    Cons

    Work loads are beyond comprehension. Employees are not valued shareholders are. I'ts about managements bonus. Squeeze every $ out employee's expense

    Advice to Management

    Valued employee's will produce shareholder value.


  3. Helpful (6)

    Morale taking a nose dive, no one seems to care.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Irvine, CA
    Current Employee - Senior Vice President in Irvine, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Marsh & McLennan Companies full-time

    Pros

    Sharp Colleagues Great Clients Resource specialists Unique and engaging projects

    Cons

    Work life balance is a joke - consultants often on road 75% of time Lots of quality staff leaving Dated technology Arrogant senior leadership Poor or zero raises past 6 years Last year have seen a palpable shift from management whereby share price outweighs employee morale/satisfaction/burnout

    Advice to Management

    You are overlooking the contributions of your client facing staff for the sake of analytics.


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  5. Helpful (8)

    Good "in-between jobs" job, but not much else.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Certificate Specialist I in Austin, TX
    Current Employee - Certificate Specialist I in Austin, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Marsh & McLennan Companies full-time (More than a year)

    Pros

    1. If you come from a background with little to no experience in a professional setting, this job is a great way to adapt yourself to a high profile business environment and it's an easy way to pad your resume with proven experience. 2. Benefits and perks are (slightly) better than other entry-level positions 3. Once you learn everything, this job is mostly exaggerated data entry. If you want something relatively stress-free and mindless to do while you catch up on podcasts, this isn't a bad way to kill a work week. 4. Most of the people I work with are great and everyone here is nice 5. All promotions are done internally and there are opportunities for advancement pretty often

    Cons

    1. The benefits are good, but the pay sucks. The pay structure might have been good 10 years ago when they set it up, but it's not good enough now especially when other entry level jobs in the same industry are paying more. There are bonuses in place for people who meet certain metrics each quarter, but they're not great, they're dependent on a broken system, and they take advantage of employees (putting in the work of 2-3 people should net you more than $200, guys). 2. The training process is a four week intensive program that a lot of people fail and most drop out of. That's not to say that it's difficult, but this job appeals to very few people who are intelligent and patient enough to stick with it. If you're actually self-aware and professionally focused enough to read this review before you apply to this company then you're smart enough to get this job and get through the training. Regardless, it's discouraging to work for a company that brings in relatively few people who want to stick around, and even more discouraging that the people who do stick around are sometimes (kind of) a mess. 3. On the corporate structure, our company is at the bottom. This means that any changes (like a department-wide pay increase or an upgrade to a glitchy, broken program **ten years out of date**) have to be approved by a corporate office that doesn't fully understand what we do or cares. The turnover rate for other departments outside of ours is pretty high so proving yourself to a higher-up and building a relationship can be pointless when they're gone a month later and they're replaced with a new person who just sees you as another faceless schmuck. Constantly having to define your role in this company over and over again even after you've proven your worth ten times over is incredibly demoralizing and defeating.

    Advice to Management

    Create more incentives or give higher bonuses to the people who pull more than their weight. If you can't keep people around then at least give more worth to the people who have stayed. Stop wasting money trying to train dead horses and invest more money in the people who are still around. Retaining good employees will be much more valuable (and cheaper) than hiring new ones.


  6. Helpful (8)

    Its a paycheck

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

    I have been working at Marsh & McLennan Companies full-time (More than 10 years)

    Pros

    Company has a good reputation in the industry. Global platform. Its a paycheck. Not micromanaged.

    Cons

    Too much beaurocracy. New York has to approve everything. Too many managers, too many people with titles. Compensation is awful, raises and bonuses almost unheard of except for producers and top management. Cliquish, cant get ahead if you are not part of the in crowd. Entire departments outsourced to India, no job security at all. Anyone can get let go any day of the week. Employees are treated as expendable and are not valued. Turnover seems to be high, probably because of compensation. Noone is recognized except top producers ands senior management. Middle managers cannot get anything done without levels of approval above them. They also seem so worried about their own jobs, they are afraid to speak up or take initiative. HR appears to be a ghost department. One has no idea who to call or if there is anyone to call. Terrible inefficiencies in invoiving and accounting. Embarrasing to call clients asking for payment when they have already paid and accounting cant find their money. Company seems more interested in pouring money into marketing and technology initiatives than retaining talented employees. You cannot ever telecommute. If you have an appointment, you have to take the whole day off.

    Advice to Management

    A little value of employees goes a long way in morale and productivity. Stop the rah rah meetings until you can compensate people that are actually doing the work to make it a profitable company.


  7. Helpful (2)

    Focus of What's Important at Marsh PCS Changes with Leadership Every Other Year - Hire This Year - Fire the Next Year!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Richmond, VA
    Current Employee - Vice President in Richmond, VA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Marsh & McLennan Companies full-time (More than a year)

    Pros

    Benefits are Good, Tolerance of Diversity in the Workplace is a Plus for Those Who Need it; PTO is Excellent.

    Cons

    PCS is only about sales goals and making them at any and all costs these days; Zone Leaders reduced from 5 who knew their areas down to 2 who are under so much pressure to perform for a CEO from a prior position at an auto parts business of all things! It's insulting!

    Advice to Management

    Put someone in charge at the top who knows what a high net worth client is truly looking for - not someone who just wants to put $100M in new business on the books at all costs. The true costs will be losing your top management people.


  8. was kind of ok not too good for people seeking careers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Senior Developer in Hoboken, NJ
    Current Contractor - Senior Developer in Hoboken, NJ
    Doesn't Recommend
    Disapproves of CEO

    I have been working at Marsh & McLennan Companies as a contractor (Less than a year)

    Pros

    good cubes and cafeteria. food seems cheap and good

    Cons

    lack of proper management and leads

    Advice to Management

    be more focussed in what is needed.


  9. great pay and experience, bad environment

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

    Pros

    great pay and experience. lots of employees with industry experience. great resources

    Cons

    environment is not very employee friendly. technology hampers ability to do work efficiently and effectively.


  10. Helpful (1)

    Waste of Time

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Mount Laurel, NJ
    Current Employee - Anonymous Employee in Mount Laurel, NJ
    Doesn't Recommend
    No opinion of CEO

    I have been working at Marsh & McLennan Companies full-time (More than a year)

    Pros

    Salary was good, flexible hours. Friendly people to work with

    Cons

    High turnover. Lots of timult in office. They don't have your back if you make a mistake. Medical benefits are extremely expensive; much higher employee cost than other firms I've worked.

    Advice to Management

    Stop hiring people to fire them. Stop with the silly psychological testing of potential applicants; it hasn't worked. Need to look at management, or the absence thereof.


  11. Credit Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst in Hoboken, NJ
    Current Employee - Credit Analyst in Hoboken, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Marsh & McLennan Companies full-time (More than a year)

    Pros

    Diversified company with significant opportunities to move around. If one is dissatisfied with one's job, one can switch to another until one finds the right fit.

    Cons

    Salary is not necessarily competitive because the know they can get away with it because of their good reputation as they are a global company.

    Advice to Management

    Staff can compensated better.



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