In Decline - Executive and Shareholder Greed - Underwriting Specialist AIG Employee Review

2.0
May 29, 2024
Recommend
CEO approval
Business outlook

Pros

Benefits are in line with competitors. If you make it to a good division, there is an opportunity to learn and gain new skills. There are still some good people.

Cons

Salaries have been known to be less than competitors. Total pay package weighted heavily based on performance bonus which can fluctuate depending on the company's performance and your own performance. Executive pay and stock buyback is limiting the capital that could be invested in the company and it's employees. Voluntary early retirement program took everyone by surprise. The impact is unknown but will be impacting parts of underwriting immensely. This is the beginning to AIG Next cost cutting initiative. Be prepared to do more and work longer hours to cover for AIG's mismanagement of staffing. Lack of career progression or career coaching. Most managers are not equipped to help their staff grow. Training is hard to come by. You will need to rely on colleagues. Management has very little involvement with training and there is little material available. Issues with attracting experienced individuals and some have been quick to burnout. Staffing has and continues to be an issue. No incentive to stay long term.

Explore other reviews about AIG

5.0
May 13, 2026
Recommend
CEO approval
Business outlook

Pros

Good vibe and work life balance

Cons

slow and outdated tech stack

2.0
May 28, 2026
Recommend
CEO approval
Business outlook

Pros

Salary and vacation days are good but be careful you are not taking on multiple roles for this position.

Cons

If you’re considering applying, make sure to ask in the interview: Will there be someone else doing what I am doing? If not, the team is understaffed and all the responsibility will rest on your shoulders. Even with the vacation days, your days will be swamped and stressful. It is NOT worth it. Out of curiosity, I’ve been looking at their latest job postings for my department and there is so much packed into one role, it’s wild. You can tell the person they’re trying to replace clearly wore too many hats and it will be a long struggle to fill this position. Are my team members working in other time zones? You can face several early morning calls based on their hiring pattern. Some teams will require annual or quarterly traveling. Over the years, the company is hiring mainly white managers domestically in the USA, while lower roles are hired abroad or contractors. Meetings to accomodate offshore hours are brutal. What percentage of the day is in meetings? If you don’t have time to deliver on output because of meetings, you will likely have to stay late to complete the work. The company seems to hire very good talkers but not a lot of do-ers. Several meetings involved more people than needed. Managers seem to think “if I have to suffer through this meeting, everyone has to suffer”. If managers are fortunate enough to delegate the deliverables, they can handle some meetings by themselves. Who would be handling my onboarding and training when I start? If it is not your direct manager, your early success will be at the mercy of your peers who understandably are not responsible for onboarding you. Sadly, I have observed that the people-managers do not like to manage people. In fact, they value those that manage the manager and the team’s roadmap plan for them. The managers don’t seem to want to oversee the team or their deliverables. If there is a job change (salary, position, hours) how is that communicated? In my experience these things were not communicated or consented to. The change would apply in the system and you would have to conform accordingly.

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