Marsh & McLennan Companies Reviews

Former Employee – worked at Marsh & McLennan Companies full-time for more than 7 years

Pros – flexible, good management, Minneapolis folks are nice, senior management made a lot of change lately and company is doing better.

Cons – too many Client Execs doing nothing and not enough worker bees.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Marsh & McLennan Companies full-time

Pros – Good life/work balance. Many people are helpful and knowledgable.

Cons – Performance & pay not correlated.

Advice to Senior Management – Improve meritocracy.

Yes, I would recommend this company to a friend

Former Employee – worked at Marsh & McLennan Companies full-time for more than a year

Pros – Great Company and Great Env. The company have some great benefits.Enjoyed working there.Marsh is one of the best companies to work with in terms of benefits.One should go for it if given a chance.

Cons – Parking is an Issue .Parking in a garage is very expensive if you plan to park for the whole month.

Yes, I would recommend this company to a friend

Former Employee – worked at Marsh & McLennan Companies full-time for more than 7 years

Pros – - Many smart, knowledgeable, professionals
- A fairly uniform world-wide brand
- Broad spectrum of resources
- A good place for young people to gain experience and responsibility
- Decent wages and benefits for the middle rank-and-file
- Very good compensation plans for senior and executive management
- The Risk Management division (multi-nationals) traditionally had low turnover and excellent technical people
- Extended benefits to Domestic Partners

Cons – - Very bloated, centralized management structure in New York HQ
- Executive management's response to Spitzer's legal action in 2004 took 3 tumultuous years to stabilize and when the smoke cleared, a flattish, flexible decentralized organization had morphed into a rigid, authoritarian and increasingly out-of-step and out-of-touch management team.
- Constant changing of technology platforms - most very, very bad - clunky and cumbersome.
- 10s of millions of dollars spent on bespoke technology platforms - abandoned after a year or 2 - which really looks bad when you cyclically lay off hundreds of skilled workers.
- Too many Managing Directors shuffling papers
- Moving toward cheap, disposable workers
- Middle Market business model can't compete with local and Regional
- No longer stand out as knowledge leaders

Advice to Senior Management – - Build a culture that values expert knowledge again. In fact, build a culture - yes, with real values; honesty, transparency - then walk the talk
- Sell your Middle Market business - you're burning out your people in a doomed effort to compete with more flexible companies who focus solely on that sector. They do it better than you.
- Focus on Risk Management
- Send half your MDs out to pasture
- Stop selling on price
- Get rid of the commission structure - it provides the wrong incentives; selling cheap price and taking too long in the marketing cycle to do so thereby driving down profit - double whammy.

No, I would not recommend this company to a friend

Current Employee – been working at Marsh & McLennan Companies full-time for more than 3 years

Pros – great business to work with

Cons – long, long, long working hours

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Marsh & McLennan Companies full-time for more than a year

Pros – Diversified company with significant opportunities to move around. If one is dissatisfied with one's job, one can switch to another until one finds the right fit.

Cons – Salary is not necessarily competitive because the know they can get away with it because of their good reputation as they are a global company.

Advice to Senior Management – Staff can compensated better.

No, I would not recommend this company to a friend

Former Employee – worked at Marsh & McLennan Companies

Pros – Good training and local management.

Cons – The corporate structure was constantly changing

Advice to Senior Management – Realize your local potential

Former Employee – worked at Marsh & McLennan Companies full-time for more than a year

Pros – the cafeteria and the rented building

Cons – Managing director has no idea what he is doing - lies, lies and more lies - the greater good should be called the greater farse.

Advice to Senior Management – complete the outsourcing you started and go away

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

Former Employee – worked at Marsh & McLennan Companies full-time for more than 3 years

Pros – The client were the best part of Marsh.

Cons – Management consistently has there hands tied in red tape. Encouraged us to treat our clients how the company thought they should be treated rather than treating the clients how they wanted to treat them.

Advice to Senior Management – Management needs to spend more time training themselves on client needs. Rather than running the business based strictly by the numbers.

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

Current Employee – been working at Marsh & McLennan Companies full-time for more than 3 years

Pros – Get to work with big clients. Varied and interesting. Can work independently. As its a big company you can also work around the world. Plus everyone needs insurance.

Cons – Have to always show up with your A game. You get the feeling that you need to bide your time before you can advance.

Advice to Senior Management – Look after your staff, morale can get a bit low.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company