First Marblehead Reviews | Glassdoor

First Marblehead Reviews

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Found 19 reviews

3.0
StarStarStarStarStar
Rating TrendsRating Trends
40%
Recommend to a Friend
42%
Approve of CEO
First Marblehead CEO Dan Meyers
Dan Meyers
8 Ratings
  1. Helpful (1)

    "A best of times, the worst of times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Marketing in Boston, MA
    Neutral Outlook
    Disapproves of CEO

    I worked at First Marblehead full-time for more than 4 years

    Pros

    In good times, plenty of resource and autonomy to fuel growth, smart and fun colleagues, data-driven intelligent decision making

    Cons

    In bad times, we were unprepared for the cliff of student lending drop off. There was no plan B and many were laid off ... Fast

    First Marblehead2013-11-10
  2. Helpful (1)

    "Loved my job!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Multiple in Medford, MA
    Recommends
    Approves of CEO

    I worked at First Marblehead full-time for more than 4 years

    Pros

    I worked for First Marblehead for just over 4 years and held a variety of positions. Pros included: -Great people - Decent culture -Great Facilities -Great Pay -Great Benefits -Lots of Opportunity for growth and change -Supportive Management

    Cons

    Industry troubles forced a change in the board which was ultimately the death knoll for most of us at the company. Misplaced trust in replacement leadership turned what was an awesome place to work into a very unstable place. Having met and worked with the CEO several times and him not even remembering we had met was a huge insult. On the other hand, Dan Meyers the original and current CEO, has a way of making everyone...

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    First Marblehead2013-09-27
  3. "good people, bad sr. leadership"

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

    I worked at First Marblehead full-time for more than 4 years

    Pros

    good people good training and growth for some positions great benefits

    Cons

    disconnect between employees/management and lsr. leadership no vision/mission

    Advice to Management

    might be good to get new sr. leadership to help run the company

    First Marblehead2013-08-30
  4. "I wouldnt want to do it again."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Loan Analyst in Medford, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at First Marblehead full-time for more than a year

    Pros

    the other temps I worked with, nice cafe,

    Cons

    they take on temps promise them all this work, overtime and the upper manangement takes it for themselves and just smile in your face, not enough work. boring, they seem to like to keep the little people down, dont explain things throughly and to many people trying to train you everyday it was someone different and i understand you should learn different ways, but not in a one week trial. they tell you your doing good...

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    Advice to Management

    dont make promises you cant keep,

    First Marblehead2013-08-27
  5. "Until they laid everybody off, it was good."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at First Marblehead full-time for more than 4 years

    Pros

    Salary, Flexibility, Good People, Location, Benefits

    Cons

    Sr Management Grew to fast Poorly handled downsizing

    Advice to Management

    Watch growth more carefully

    First Marblehead2013-02-13
  6. "ok"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Approves of CEO

    I worked at First Marblehead

    Pros

    was growing really fast with lots of opportunities

    Cons

    lack of communication among different departments

    First Marblehead2011-03-22
  7. "Bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    No opinion of CEO

    I worked at First Marblehead

    Pros

    Very friendly environment. Officers usually offer perks if deadllines and expectations are met. There was plenty of over time opportunities.

    Cons

    Lack of a future for better or for worse. Since the industry of selling student loans is gone, the company has remained stagnant.

    Advice to Management

    There are no advice for management. They did their best. It was the economy which messed up everthing. They will just have to wait it out.

    First Marblehead2009-09-16
  8. Helpful (2)

    "Buckle in for a wild ride -- great opportunity, but a wild-west atmosphere"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - VP, Marketing in Boston, MA
    Recommends
    Approves of CEO

    I worked at First Marblehead

    Pros

    Learning opportunities. First Marblehead is ahead of the curve in defning an emerging industry. There are tremendous opportunities to explore, experiment and define success. The caliber of colleagues is simply fantastic. People are tremendously smart and fun to work with. There is a very collegial atmosphere and a terrific social community.

    Cons

    Industry turbulence. Unfortunately the credit markets and regulatory environment have dealt First Marblehead several body-blows recently. There has been extreme turn-over and massive layoffs this year. The return of the former CEO, Dan Myers may provide a shot in the arm and a return to solid growth. Dan is an unpredictable maverick with an "in crowd" and an "out crowd". He'll clean house, but there may be opportunities...

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    Advice to Management

    With the rare opportunity for a "do-over" I would recommend hiring beyond your circle of "known buddies" and bringing in some outside talent who can help build infrastructure for scalable success. The last time around, FM's stellar growth took it from infancy to "awkward teenage" years without the opportunity to mindfully create a model for success at a larger scale. Place a premium on communication, allow more of your...

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    First Marblehead2008-09-16
  9. "Good work culture and a relaxed environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at First Marblehead

    Pros

    Relaxed office environment with friendly people. Engaging work and good team dynamics without it being too stressful.

    Cons

    A bit limiting for promotions. The company has taken a big hit since the recession and there isn't much opportunity for promotion.

    First Marblehead2014-06-30
Found 19 reviews