Marsh & McLennan Companies

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Marsh & McLennan Companies Reviews

Updated Jun 27, 2014
All Employees Current Employees Only

3.1 290 reviews

67% Approve of the CEO

Marsh & McLennan Companies President & CEO Daniel S. Glaser

Daniel S. Glaser

(89 ratings)

54% of employees recommend this company to a friend

Review Highlights

Pros
  • Great Benefits, Work life balance depending on the department, name brand recognition(in 26 reviews)

  • Good benefits and paid time off is generous(in 17 reviews)


Cons
  • Noone is recognized except top producers ands senior management(in 13 reviews)

  • long hours and not the best management structure in place(in 8 reviews)

32 Employee Reviews Back to all reviews
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in
    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    10 people found this helpful  

    MGTI : Milton Keynes - A Fear based environment & perception based actions/reactions

    FLA At MGTI (Current Employee) Milton Keynes, England

    ProsI'm only speaking of the IT Dept MGTI based in Milton Keynes : This is a really huge company, that DOES have a large number of vacancies, and at times has some really great things to offer any employee. To gain extremely recognizable Corporate experience... this is a good place to be.

    ConsI'm only speaking of the IT Dept MGTI based in Milton Keynes : The environment is fear based. It's very questioning and demanding of answers when things go wrong, with very little being learned from this.

    A large number of workplace decisions are based on perception. Rarely do people ask questions about that perception, to make sure, there is actual fact. But, this isn't even something that's hidden... Some managers seem proud of this. Frequently in my early days I was told by my management team "perception is everything"...

    There is a significant case of "old boys club" going on here. You can not be fantastic at the real meat and gravy of your role, so long as you remember two things... The rule about perception, and being on great terms with certain members of management.

    Advice to Senior ManagementPerception IS an excellent tool, but only to decide what questions to ask. It shouldn't be used to judge people, or make decisions.

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

    • Culture & Values
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    • Approves of CEO

     

    Good in the beginning, awful after "so called" transformation

    Recruiter (Current Employee)

    ProsIn major markets, it is good to have this company on your resume. In smaller markets, companies don't know who we are.

    ConsOutsourcing many functions to India or moving functions to cheaper parts of the country. This only saves money up front but the loss of knowledge and good talent is more expensive. They need to quit letting people with knowledge leave only to hire replacements that do not know what they are doing. Specifically to Recruiting, managers need to quit accusing and blaming people with false and inaccurate information. If you are looking to Recruit, this is not good environment to work in presently. Heavily overworked and understaffed employees. There is no real advancement for anyone in Recruiting.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    Worst Place ever

    Anonymous Employee (Former Employee)

    ProsThere are not any good reasons to work here.

    ConsUpper management sucks!!!! They pay millions in compensation packages to fired, ineffective CEO's when they could be passing that down to the people who actually do the work for the company.

    Advice to Senior ManagementGet your heads out of your $%% and realize who keeps your company running and quit padding the pockets of management who does NOTHING!!!!

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

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    Awful

    Operations Analyst/Certificate Specialist (Current Employee) Austin, TX (US)

    ProsBenefits, benefits, benefits, benefits, benefits

    ConsOverworked and way under paid

    Advice to Senior ManagementShow appreciation to employees who constantly go above and beyond and help retain accounts

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

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    Don't stay here!

    Vice President (Former Employee) New York, NY (US)

    ProsMet plenty of hardworking, decent people. Unfortunately, they are not appreciated.

    ConsUnhappy place to work. Mobbing and bullying is rampant.

    Advice to Senior ManagementTreat your employees with respect and show your appreciation once in a while. Overhaul management.

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

    • Culture & Values
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    • Disapproves of CEO

     

    AVP - Financial Analyst

    Assistant Vice President (Current Employee)

    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

    4 people found this helpful  

    Losing Talent and Focus

    Anonymous Employee (Current Employee)

    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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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    First day in the field "criers are buyers"

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

    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)

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Very poor, no integrity, management stealing the family silver

    MGTI (Former Employee) Hoboken, NJ (US)

    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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