Marsh & McLennan Companies Reviews

Updated 21 August, 2014
Updated 21 August, 2014
300 Reviews

3.2
300 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Marsh & McLennan Companies President & CEO Daniel S. Glaser
Daniel S. Glaser
90 Ratings

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)

More Highlights

35 Employee Reviews Back to all reviews

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  1.  

    Corporate Benefits Department - Avoid like the plague

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

    I worked at Marsh & McLennan Companies full-time for more than 5 years

    Pros

    One can gain valuable work experience in a very tall organisational structure. High volume of data and work to do.
    Great for actuaries, accountants and math nerds.

    Cons

    This was the worst place that I have ever worked. It has an astronomically high Power Distance Ratio.
    In the Benefits Dept., workers get to see the 4-figure bonuses executives make (over 100k salary), whereas non-exempt employees basically got zilch. Middle management was very very derisive towards 'inferiors'. Employees had feuds lasting for years and refused to speak to one another outside of required interaction/meetings. Lower- echelon workers were expected to be slaves. I even heard a well-paid attorney say in front of the VP of benefit's administrative assistant: ".... your grossly underpaid assistant." And the evp said nothing. It made me want to wretch. There was much strife, so much, in fact that they brought in an external consultant to help sort out the lack of 'esprit de coeur'. As other reviews have stated, drawbacks include an entrenched 'old boys' club', no opportunity to put your hand to diverse tasks, extremely uneven compensation. Working there you are just a number. No professional development.

    Advice to ManagementAdvice

    Consider how efficient daily operations would be without the 'little people' you so thoroughly scorn.

    No opinion of CEO
  2.  

    Worst job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Analyst  in  Urbandale, IA (US)
    Former Employee - Data Analyst in Urbandale, IA (US)

    I worked at Marsh & McLennan Companies full-time for more than 5 years

    Pros

    Nothing was good, except compensating time when working oncall

    Cons

    Horrible hours, worked you like a slave driver, niche jobs (no moving up from within) and bad pay

    Advice to ManagementAdvice

    Could have had better compensations/pay and lay off the fear based management

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Worst job I ever had

    Former Employee - Service Specialist II  in  Urbandale, IA (US)
    Former Employee - Service Specialist II in Urbandale, IA (US)

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

    Pros

    There are no positive things to say about working here!

    Cons

    No raises, focused more on rewarding management than those actually doing the work

    Advice to ManagementAdvice

    You need to realize who is actually doing the work and stop rewarding those who aren't!

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5. 10 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FLA At MGTI  in  Milton Keynes, England (UK)
    Current Employee - FLA At MGTI in Milton Keynes, England (UK)

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

    Pros

    I'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.

    Cons

    I'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 ManagementAdvice

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6.  

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

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

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

    Pros

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

    Cons

    Outsourcing 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.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Worst Place ever

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

    I worked at Marsh & McLennan Companies full-time for more than 8 years

    Pros

    There are not any good reasons to work here.

    Cons

    Upper 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Awful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst/Certificate Specialist  in  Austin, TX (US)
    Current Employee - Operations Analyst/Certificate Specialist in Austin, TX (US)

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

    Pros

    Benefits, benefits, benefits, benefits, benefits

    Cons

    Overworked and way under paid

    Advice to ManagementAdvice

    Show appreciation to employees who constantly go above and beyond and help retain accounts

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Don't stay here!

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

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

    Pros

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

    Cons

    Unhappy place to work. Mobbing and bullying is rampant.

    Advice to ManagementAdvice

    Treat your employees with respect and show your appreciation once in a while. Overhaul management.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    AVP - Financial Analyst

    • 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 full-time for more than 3 years

    Pros

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

    Cons

    The 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 ManagementAdvice

    If 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 4 people found this helpful  

    Losing Talent and Focus

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marsh & McLennan Companies

    Pros

    Marsh 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.

    Cons

    In 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 ManagementAdvice

    Try 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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