Marsh & McLennan Companies
3.1 of 5 268 reviews
www.mmc.com New York, NY 5000+ Employees

Marsh & McLennan Companies Reviews

Updated Feb 25, 2014
All Employees Current Employees Only

3.1 268 reviews

                             

71% Approve of the CEO

Marsh & McLennan Companies President & CEO Daniel S. Glaser

Daniel S. Glaser

(76 ratings)

54% of employees recommend this company to a friend
27 Employee Reviews Back to all reviews
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AVP - Financial Analyst

Assistant Vice President (Current Employee)

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

ProsFlexible schedules, can decorate your 4 x 5 cube however you like!

ConsThe pay is dismal - approximately 65% of the going market rate for all positions. CEO is only interested in EPS - no interest in employees. All jobs are currently frozen - no hiring at all. Awful outlook.

Advice to Senior ManagementIf you want performance, you have to pay. Times have changed - pay at all other companies is increasing. MMC is known for their lack of compensation - and you will not get any applicants as more employees leave.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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4 people found this helpful  

Losing Talent and Focus

Anonymous Employee (Current Employee)

I have been working at Marsh & McLennan Companies

ProsMarsh is a Global company with an abundance of resources and analytics available to clients. I've been at other top-ranked brokerage firms and Marsh, by far, surpasses the others in talent and resources.

ConsIn an effort to change the industry and create efficiencies they have lost sight of what's most important, our clients. Second to our clients are our colleagues who generally feel overworked, severely undervalued and completely expendable. Rather than allowing us to provide quality service to our clients they only create additional barriers.

Staffing - we are constantly having to do more with less and it's clear management has no clue what it takes to provide "best in class" service that elite firms provide. If you're a producer it's even harder to negotiate fees with clients when you're constantly losing key team members and there are hurdles to provide any analytics to your clients.

Advice to Senior ManagementTry actually talking to colleagues who are in the trenches. Supposedly this was done as part of the new technology role out however they have completely missed the boat. Perhaps put on the breaks before things get even worse? Don't roll out initiatives if they don't work just to check them off your list to show it was completed.

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1 person found this helpful  

First day in the field "criers are buyers"

Insurance Broker (Former Employee)
Des Moines, IA (US)

I worked at Marsh & McLennan Companies full-time for more than a year

ProsYou can work when ever you want, but that is only because you are paid on commission, although they want you in the office 2 days a week and 3 days in the field.

ConsYou will make money if you have no problem being pushy and underhanded. Don't expect any help after you trial period is up.

Advice to Senior ManagementPyramid style old boys club.

No, I would not recommend this company to a friend

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3 people found this helpful  

In my 20 years in the IT industry, this was the worst experience I've ever had. You will work a minimum of 65hrs/week.

Anonymous Employee (Former Employee)

I worked at Marsh & McLennan Companies full-time

ProsThe people who stay are dedicated.

ConsThe amount of outsourcing to India is incredible. It's a security risk beyond measure, all customers, and employees of customers should take fair warning. All of your private data is sent to India via non-secure methods, included plain text email. Raising flags does nothing, because of a few managers getting kick-backs from the firm in India.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Very poor, no integrity, management stealing the family silver

MGTI (Former Employee)
Hoboken, NJ (US)

I worked at Marsh & McLennan Companies full-time for more than a year

ProsA paycheck (but not very big...all the money goes to the top and to the shareholders)

ConsNo mobility, Leadership Team croneyism (they regularly lie for each other and circle the wagons if threatened by the outcomes of their own incompetence), no respect for NLD (next Level Down). The firm's codes of conduct (Greater Good) are routinely trampled.

Advice to Senior ManagementReplace the MGTI Leadership Team before they destroy the franchise

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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3 people found this helpful  

STAY AWAY from this company

Call Center (Former Employee)
Norwood, MA (US)

I worked at Marsh & McLennan Companies full-time for less than a year

ProsNONE absolutely none whatsoever at this company

ConsRude management, favoritism, condescending employees and managers, long hours, not enough compensation for what is being done-horrible company horrible people, horrible horrible horrible-ANYWHERE is better than MMC

Advice to Senior ManagementRemember that people are not know it-alls-and that they dont' like to be condescneded and told that they are doing EVERYTHING wrong!!! give a little credit where credit is due and don't be so critical of EVERYTHING-they are trying their best

No, I would not recommend this company to a friend

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6 people found this helpful  

NO RAISES AT THIS COMPANY FOR YEARS. Very little upward mobility. Low employee morale.

Anonymous Employee (Current Employee)
New York, NY (US)

I have been working at Marsh & McLennan Companies full-time

ProsGood work/life balance. Decent benefits. Good office location.

ConsThis company fails to tell you when they hire you that they have "frozen" raises for the past 5 years. They mislead you by saying that annual raises are given, when that is not the case. Nobody except for senior management gets a raise at this company, and they are handsomely paid. The company's excuse is the economic situation yet the company is doing very well financially. Upward mobility is hard to achieve, and you need to be extremely political and internally connected in order to move up. This company remains an old boys club and the few women that do get to senior leadership positions are even worse then the men. Employee morale is extremely low. Everyone is exasperated about the "raise freeze" and the apparent hiring freeze on much-needed administrative assistants.

Advice to Senior ManagementGive your employees raises and make them feel valued rather than disposable. Put people who actually know how to "manage" in managerial positions.

No, I would not recommend this company to a friend

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Very political

Senior Administrative Assistant (Current Employee)
New York, NY (US)

I have been working at Marsh & McLennan Companies full-time for more than a year

ProsThe managing directors and SVP are very thorough in what they know. They believe in their team of employees.

ConsYou should tell people when you are hiring them as an consultant vs. full time employee.

Advice to Senior ManagementSpend more time having belief in your employees. This firm could do so much better in their marketing efforts if they knew how to market ideas to their employees instead thinking of them as second rate citizens.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Terrible!!!! They are liars and cheats and cost people a way of living and send them to the unemployment line

Senior Executive Assistant (Current Employee)
New York, NY (US)

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

ProsNo pros. Just be honest with your employees.

ConsThe cons are that they do not know how to conduct business. They obviously have taking in courses in marketing, sales or business administration. This is the most wasteful financial company ever.

Advice to Senior ManagementHire people who have a desire to help the community in which they live in and not just volunteer because your name will get on the Marsh and McLennan newsletter. This company is so overrated.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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2 people found this helpful  

fear based culture of incompetence managers

Senior Vice President (Former Employee)
Hoboken, NJ (US)

I worked at Marsh & McLennan Companies full-time for more than a year

Proszero expectations or account ability for mistakes, I never saw anyone penalized for making a mistake there, but people were continually criticized for doing their jobs

Consculture of fear and belittling, the angriest management team I've ever seen, much more interested in scoring points off of each other, than in contributing to the business

No, I would not recommend this company to a friend

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