Marcus & Millichap Reviews | Glassdoor

Marcus & Millichap Reviews

Updated February 16, 2019
450 reviews

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3.4
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Marcus & Millichap CEO Hessam Nadji
Hessam Nadji
98 Ratings

Employee Reviews

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Pros
  • "Potential to make a lot of money if you follow the system" (in 18 reviews)

  • "Great training program and good for building connections in the CRE industry for wherever you may end up" (in 35 reviews)

Cons
  • "Pay for RE Brokerage is 100% commission and is not for everyone" (in 19 reviews)

  • "You get no money at all and you work very long hours" (in 18 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (17)

    "Investment Sales Broker"

    StarStarStarStarStar
    • 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

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

    Pros

    Great training program and good for building connections in the CRE industry for wherever you may end up. (Investor, developer, broker)

    Cons

    Eat what you kill. Earn only what you sell is an environment a lot of people cannot tolerate. If you stick it through a year or two the benefits can be outstanding.


  2. "Good training"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Miami, FL
    Current Employee - Associate in Miami, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    great for the new guys with money saved

    Cons

    need a years of cash to survive

  3. "Great energy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in San Francisco, CA
    Former Employee - Agent in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Competitive place with lots of people making a lot of money. Fun environment and overall good culture

    Cons

    You got to want to be in a competitive environment - not for employee type who is looking to get fed

    Advice to Management

    Great place keep recruiting only people that want to win -- keep out the lazy people


  4. "Fun work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    Former Employee - Broker
    Former Employee - Broker
    Recommends

    I worked at Marcus & Millichap full-time

    Pros

    Relaxed Environment
    Great if you want a place with very few rules

    Cons

    You have to have a lot of self motivation to succeed here


  5. Helpful (2)

    "Overpromised and under delivered"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Massive earning potential in the CRE business
    Fun people in the industry

    Cons

    Commission splits are brutal, especially if you work on a team
    No benefits
    Overrated training and marketing materials
    Very little transparency about legal, training, and other fees
    Extremely long hours+weekends if you want to separate yourself
    Building your database takes up more than half your time the first year
    Can only afford to care about yourself, not the company you work for
    Bring your own materials, including computer (zero investment in their agents. For example, you are required to pay thousands of dollars for mandatory training with your first commission check. I wasn't told this until I closed my first deal.)

    Advice to Management

    No advice to management because why would they change anything? They don't pay or invest in any of their agents and just live with the high turnover rate. There's no risk for them when hiring someone. When they do find someone who does well in the business, they take 50+% of their gross commissions... not to mention the fat cut your team will take. That's why you see most successful brokers go to small companies, or start their own. A job in CRE can be very rewarding, but try to find a smaller company that will invest a little bit into you. Makes a world of difference in learning and compensation.

    Also, don't believe the hype that you will be making half a million or a million dollars a couple years into the business. I did, and feel like a naive idiot looking back now. Getting to that level takes years of hard work and sacrifice, and that should've been obvious. Appreciate the people who are realistic with you in this business, because there is a lot of crazy hype.


  6. "M&M Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate
    Doesn't Recommend

    Pros

    unlimited earning potential and good people

    Cons

    dog eat dog world in the office


  7. "Great firm to focus on investment sales"

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

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

    Pros

    Large network of dedicated brokers.

    Cons

    It takes time to build your own book of businesses to be successful in the industry.

  8. "run as far away as you can - horrible reputation in city"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Broker in Houston, TX
    Former Employee - Real Estate Broker in Houston, TX
    Doesn't Recommend
    Negative Outlook

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

    Pros

    They give you some tools that are useful

    Cons

    Horrible reputation in the market, peers try to steal your information, low quality marketing packages compared to competitors, continually harass brokers to make hundreds of calls without a focus on quality so the market is saturated with untrained junior brokers damaging the reputation, culture in the office feels like a morgue, no junior brokers make it.

    Advice to Management

    This office needs a complete reset.....the poor reputation is so ingrained in the Houston investment community over years of bad hires / poor brokers / no training that this office is screwed for a long, long time.


  9. "Work Hard"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Unlimited Potential and great opportunity

    Cons

    Long hours and all commission


  10. "awful managment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in San Diego, CA
    Former Employee - Associate in San Diego, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Fun office environment, decent training

    Cons

    Bad management, no benefits, Do not care about employees

    Advice to Management

    Be proactive, care about your employees