Marsh & McLennan Companies

www.marsh.com
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Marsh & McLennan Companies Reviews

Updated 2 March 2015
Updated 2 March 2015
331 Reviews
3.2
331 Reviews
Rating Trends

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Approve of CEO
Marsh & McLennan Companies President & CEO Daniel S. Glaser
Daniel S. Glaser
102 Ratings

Review Highlights

Pros
  • Great Benefits, Work life balance depending on the department, name brand recognition (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)

  • Very little thought given to providing any sort of work/life balance to employees (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to grow a diverse career

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

    I worked at Marsh & McLennan Companies full-time (more than 10 years)

    Pros

    Lot of great people to work with, very diverse skill sets and capabilities to learn from. Great opportunities to move within the businesses if you want to

    Cons

    Too cost focused at times on things that undermine the culture and make people feel disengaged

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Low staff morale

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

    I have been working at Marsh & McLennan Companies

    Pros

    - Great staff and lots of intelligent people to work with
    - Large company with excellent global resources
    - Strategic and sophisticated client service methodology
    - Excellent and challenging clients

    Cons

    - No recognition given to top performing employees
    - Senior management with fat pay checks while lower level employees are run to the ground and extremely underpaid
    - Company is all about the clients at the expense of staff well being and morale
     - Salary review process a joke. Constant internal memos about year on year double digit growth while non-management staff who really deliver the services to clients receive salary adjustments lower than inflation
    - too much unnecessary bureaucracy
    - CEO gets a lot of kudos from shareholders for cutting costs while staff are burnt out due to ridiculous work load and lack of support staff
    - low employee morale
    - everything has to be approved by New York

    Advice to ManagementAdvice

    Invest back in the business or you will lose your top performers which in turn will cost you a hell of a lot more than just recognising and doing the right thing by your staff

    Neutral Outlook
  3.  

    Professional and Second to None.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Account Executive in Sydney
    Current Employee - Senior Account Executive in Sydney

    I have been working at Marsh & McLennan Companies full-time (more than 3 years)

    Pros

    Professionalism and expertise locally here in Australia in the Construction realm is second to none. Working environment is social and professional.

    Cons

    Commitment to clients is great, but career development for employees i.e. wanting to move overseas has been hit with continue barriers. I would think that career development and a global perspective would be sought after, however it has proved hard to come by when choosing to move OS.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Marsh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice-President in Sydney
    Current Employee - Assistant Vice-President in Sydney

    I have been working at Marsh & McLennan Companies

    Pros

    Marsh & McLennann has provided some great opportunities to work with some very experienced brokers. MMC Clients are very interesting.

    Cons

    Management lack of recognition that staff are performing. There are some really great employees but the lack of recognition has a negative effect on performance.

    Advice to ManagementAdvice

    Management to actually interact and talk to staff about concerns. Management to action the concerns of employees versus saying we have listened to your concerns and nothing evolves.

    No opinion of CEO
  6.  

    very fair

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

    I have been working at Marsh & McLennan Companies

    Pros

    allows you to follow your own initiative

    Cons

    can be slow for approvals

    Advice to ManagementAdvice

    work to maintain existing employees

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Review

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

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

    Pros

    Stable company with great benefits and good opportunities.

    Cons

    Too much overhead in the layers between mid and upper and upper management.

    Advice to ManagementAdvice

    Too many "management" or other highly paid positions between corporate and geography. Also, need to pace change better in order to not overload with initiatives that are non-revenue generating.

    Recommends
    Positive Outlook
  8.  

    Not the greatest company, but not the worst either

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor in Hoboken, NJ (US)
    Former Contractor - Anonymous Contractor in Hoboken, NJ (US)

    I worked at Marsh & McLennan Companies as a contractor (less than a year)

    Pros

    The pay is relatively good here and there's lots of room for growth and advancement (if you fight for it). Most of the people here are exceptionally smart, friendly, and pleasant to work with. There's no formal training given in most departments but teammates are always willing to teach or help you if you ask. I would say the corporate culture here is pretty laidback. There's casual Fridays, occasional team luncheons, and celebratory happy hours. Can't say much regarding time-off policy but it seems to be fairly standard. Diversity of employees and corporate discounts are nice too here.

    Cons

    Lots of work and long days (sometimes even weekends). You are worked to the bone here, but I think most companies are like that nowadays. Processes are slow to change, sometimes unnecessarily convoluted, and often difficult to follow closely. Leadership here seems to be a little narrow-minded to me but the company does make their numbers every quarter. Benefit packages seem to be OK but I think more incentives could be offered to employees.

    Advice to ManagementAdvice

    If you want to retain your employees and keep them working hard, you need to offer more money or better incentives. Also, I would encourage you to offer more opportunities for team-building, creativity, and fun. It could go a long way with your employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Raises are consistently 0% to 2% a year.

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

    I have been working at Marsh & McLennan Companies

    Pros

    The purpose of my review is mostly to focus on salary increases at Marsh. I will preface my comments by saying that I enjoy my job, mostly because of the people I work with. I've also been given opportunities to advance in the company, which has made it worth my while to stay here. Marsh employees will know that meeting expectations is associated with obtaining a "3" performance rating at the end of year review. In my time working for a subsidiary of this company, I have rated between 3 and 5, regularly meeting and exceeding expectations. In any given year, the highest salary increase I've had was 2%, and in every instance, was well below the national average. Although it is possible to start off with a salary that is competitive at Marsh, over time, one is at a disadvantage salary-wise.

    Cons

    To reiterate, salaries can be competitive and opportunities available if you with hard. However, salary increases tend to be very small year to year.

    Neutral Outlook
    No opinion of CEO
  10.  

    started in 2012

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Manager in New York, NY (US)
    Current Employee - Associate Manager in New York, NY (US)

    I have been working at Marsh & McLennan Companies full-time (more than 3 years)

    Pros

    a big company with lots of global mobility opportunities

    Cons

    you need to work very hard to keep you job, the turnover rate is high in Finance departments

    Advice to ManagementAdvice

    More focus on the emerging markets

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    I work at Marsh & McLennan Companies as a Local Technology Coordinator.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Local Technology Coordinator in Buenos Aires (Argentina)
    Current Employee - Local Technology Coordinator in Buenos Aires (Argentina)

    I have been working at Marsh & McLennan Companies full-time (more than 5 years)

    Pros

    Top insurance brokerage firm. Constant change. and Work schedule is typically flexible and there are allowances for working from home depending of the Manager.

    Cons

    A lot of Burocracy. and somethimes There is no work life balance.

    Recommends
    Neutral Outlook
    Approves of CEO

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