Marcus & Millichap Reviews | Glassdoor

Marcus & Millichap Reviews

Updated May 22, 2018
399 reviews

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3.6
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Marcus & Millichap CEO Hessam Nadji
Hessam Nadji
67 Ratings

399 Employee Reviews

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Pros
Cons
  • If you don't sell you don't make any money, and run the chance of losing your desk (in 11 reviews)

  • If you work for just one agent you get absolutely no benefits (in 15 reviews)

More Pros and Cons

  1. Helpful (2)

    "Analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I have been working at Marcus & Millichap full-time

    Pros

    I love the fact that Marcus & Millichap provides access to the best resources and software available in the CMRE world.

    Cons

    Working in an office of one of the largest brokerages firms in the country is not for everybody.

    Advice to Management

    My biggest advice, which could be considered to be difficult to fix due to the industry itself. My advice is to focus on reducing the turnover rate.


  2. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Fort Lauderdale, FL
    Current Employee - Associate in Fort Lauderdale, FL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Marcus & Millichap full-time (More than 3 years)

    Pros

    Teach you about every aspect of the CRE business
    Unlimited earning potential
    Top level technology

    Cons

    Only make what you sell
    Internal system is not cooperative as they make it out to be
    Very little support out of your team
    Little room for advancement

    Advice to Management

    Make sure younger agents are added to teams that are already successful so they can be put in a position to succeed.

  3. "Associate Broker"

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

    I worked at Marcus & Millichap full-time

    Pros

    Great training and team environment

    Cons

    Full commission just like any other brokerage firm and lots of cold calling


  4. "Associate"

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

    I worked at Marcus & Millichap full-time

    Pros

    Competitive and supportive atmosphere. Good place to learn about the industry and training sessions prepare you with the tools necessary to succeed. You make your own schedule.

    Cons

    No salary, commission based only for agents. You have to subsidize your own travel expense.

    Advice to Management

    Help subsidize travel for new associates as they learn the market since one of the fundamentals in your teaching is for them to get out and meet all of the owners in their target market and product.


  5. "WTH"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Had III Job Titles In I Month
    Former Employee - Had III Job Titles In I Month
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Software, good company name, lots of miserable hard working people

    Cons

    Conflicting management style, use you for gap hiring, c-level gets no respect from team leaders


  6. "It's a roller coaster"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap full-time

    Pros

    Unlimited income potential
    opportunity to build your own business

    Cons

    little structure
    you're heavily dependent on your senior, who may or may not be invested in your developments & success

    Advice to Management

    manage expectations about barriers to entry better


  7. "Avoid at all costs!"

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

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

    Pros

    Majority of the people are helpful and knowledgeable. Some facilities are decently serviceable. Management allows a few moments of respite during team building. Provided training is comprehensive but monotonous.

    Cons

    Horrible environment to work in, each day of the six months I worked there I dreaded stepping into their office and resuming a tedious grind of cold-calling, databasing, and conference meetings ad nauseam. Don’t get me wrong there are tons of friendly, cooperative, and intelligent people within the firm but the fiercely competitive office practice which borders on toxicity and stringent management which closely monitors your every progress creates a constant vibe of tension. Benefits nonexistent and outdated computer systems. Look elsewhere, promising pay is only tangible to a select few that are committed to the sweatshop run by exploitative senior agents.

    Advice to Management

    If you want to maintain a robust operational team acknowledge the influx of turnarounds and stem the financial losses that come with underutilized training/on-boarding. Company pay is on the lowest spectrum in the industry, start by matching the rate of your direct competitors. Restructure business ideology and practices, set up boundaries for the brokers that may impugn, belittle, or otherwise sap the positivity from middlemen and women.

  8. "Investment Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Marcus & Millichap full-time

    Pros

    Great way to get started in the industry

    Cons

    Insane work metrics that hinder your ability to focus on the clients


  9. "Happy Salesperson"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Sales in Washington, DC
    Current Employee - Investment Sales in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Marcus & Millichap full-time

    Pros

    hard work pays off well

    Cons

    lack of stability can be scary

    Advice to Management

    keep up the training


  10. Helpful (1)

    "fave job ever"

    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 part-time

    Pros

    i love it so much.

    Cons

    staff tend to come and go quickly. not always super stable


Showing 399 of 446 reviews
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