Marcus & Millichap Reviews | Glassdoor

Marcus & Millichap Reviews

Updated November 8, 2018
432 reviews

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3.5
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Marcus & Millichap CEO Hessam Nadji
Hessam Nadji
88 Ratings

432 Employee Reviews

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Pros
  • "Great training program and good for building connections in the CRE industry for wherever you may end up" (in 34 reviews)

  • "You can make a whole lot of money if you work hard and are a part of a good team of brokers" (in 16 reviews)

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

  • "No benefits and very low salary" (in 17 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (7)

    "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. "Executive Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Assistant in New York, NY
    Current Employee - Executive Assistant in New York, NY
    Recommends
    Approves of CEO

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

    Pros

    There is growth potential in the company

    Cons

    company needs to offer more fitness activities

  3. "Great company, takes time to establish yourself."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Broker in Cleveland, OH
    Former Employee - Broker in Cleveland, OH
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Senior Brokers will guide you along the way.

    Cons

    There is no pay, it will take you at least a year to get going

    Advice to Management

    Bring in college students to intern. This could give them upwards of a year to database and start making calls.


  4. "Positive Job Outlook"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Coordinator in Washington, DC
    Current Employee - Marketing Coordinator in Washington, DC
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Possibility of overtime
    Bonuses
    Young work environment

    Cons

    Inter-office competition - only work with your designated team
    Weird office dynamic
    Job will vary by team


  5. "associate"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    great training and mentorship program

    Cons

    horrible commission splits if you join a team

    Advice to Management

    do more to retain talent


  6. Helpful (3)

    "Some good players but greedy and unethical management"

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

    I worked at Marcus & Millichap full-time

    Pros

    if you are lucky enough to land in a fully supported office, on a well established team with great market share they will flog 250+ cold calls out of you at minimum every week, then you might get 25% of what you produce. Some folks have done very well in this environment. Not all the agents there are as bad as the management, but if you work with people like that long enough, it will start to rub off on you.

    Cons

    Greedy unethical management. Even by 100% commission standards, this place makes it tougher than most, since they establish no territories and someone in CA can be calling on your clients in NJ trying to steal them. I had another MM office make an unsolicited offer to our client the day they knew we were signing a listing agreement, trying to scam us out of a listing. Bait and switch recruiting practices. Juvenile alpha male wannabe environment - totally darwinian. Don't believe anything they tell you in recruitment. Unless you are driven and greedy and willing to do just about anything to make money, this is probably not for you. Don't expect anyone to look out for you - dog eat dog is a good day. Hands in your pocket everywhere you turn. Very outdated prospecting methods - downright 70's in outlook and approach. They think they are the vanguard of tech development but they have workshops on how to use your financial calculator to make money -- for real !! Totally dependent on the boiler room cold calling model. One size fits all. If you are a typical frat boy right out of school and have the desire to crush the competition, run over your grandma to make a buck - this is the place for you. But don't forget one thing - whatever you produce, your team leader will be siphoning off a good portion of what the mothership doesn't claim.

    Advice to Management

    They are immune to advice. They are more like a cult than a company. Very little diversity in the ranks. Nasty place to work. Nasty people running the show. Any sensible person would choose to work elsewhere, as long as they aren't scammed into believing empty recruitment promises. garbage software. I expect the stock to sink.


  7. "Associate"

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

    I worked at Marcus & Millichap full-time

    Pros

    Great training program and mentor program

    Cons

    Tough to get started and 100% commission based pay

  8. "Associate Director"

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

    Pros

    Lots of freedom to build your career.

    Cons

    Very little management and poor leadership at times.


  9. "Agent Support Trainer"

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

    I worked at Marcus & Millichap full-time

    Pros

    I have nothing positive to share.

    Cons

    M&M is known in the industry for under paying their staff, not supporting them when they should and just being a total “chop shop”.

    Advice to Management

    Want to retain your staff? Pay them a LIVEABLE wage to start! Support them in any way they need to be supported.


  10. "HQ is revolving door"

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

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

    Pros

    Snacks and fruit in the break room. Okay but expensive benefits.

    Cons

    Turnover is high. Terrible managers. No training program to teach managers how to manage or lead, outdated processes, old school boys club, exec leaders don't care about employees. Low morale.

    Advice to Management

    Hire experienced and qualified leaders with business acumen and who can think strategically. Invest in a leadership development program. Pay employees better. Ask why turnover is so high and do something. Take action against agents and managers who act badly and treat their people with zero respect.


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