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Marsh Graduate Development Program

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  #51 (permalink)  
Old 01-06-2020, 01:53 PM
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Which team is good? Should I strongly express my interest?

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  #52 (permalink)  
Old 01-06-2020, 03:04 PM
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For those who broke the bond, how much was the approximate amount that you had to pay? Does the bond value decrease the further you are into the bond period?
Range from 0 to 20k

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  #53 (permalink)  
Old 01-06-2020, 06:05 PM
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Sure or not? Care to elaborate?
It's alot of networking. If you are an airhead, word gets around. You can forget about your next jump ship.
Regardless you are in broking firm or underwriting firm.

If you're good, Chances are firms will sought after you.

There is more than just being a broker or underwriter. There are demand for Cat model specialist, risk engineering, client service advisors as well as claims experts. Forensics accounting too. All these make up the insurance world. But of cos, you need to learn the basics.

Why not ask the firms - its hiring mgrs and staff - ask them what they do and why they continue doing for so many years. The key is also asking who they deal with.

If you get sick of the role, you may even move to client and be their risk mgr - tekkan both brokers and underwriters.

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  #54 (permalink)  
Old 01-06-2020, 07:55 PM
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nowadays the starting pay in marsh more than enough to drink coffee from exchange everyday and sign up for gym or yoga membership.


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  #55 (permalink)  
Old 01-06-2020, 07:56 PM
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Yes. Basic is not much difference while you are bonded. Don't really expect much growth during this period. Bonus varies depends on your performance. I have seen as high as 12 months.

After your bond ends, that is when you face your biggest jump. If you're good, you will be approach by headhunters and there are cases where your basic can jump from 4k to 8-10k. I know a few people getting 15-20k basic while just being in the industry for about 5 years.

It really depends on how much effort you wanna put in. If you want to go back home at 6 everyday, then don't expect much. The ones that always complain about their basic being low is usually this same group of people.
Doesn't matter how hard you work lah. If you are pretty, willing to drink and suck up to ang moh, then u can get promoted and go far. Otherwise as a guy work how hard also no use. Insurance is amdk industry.
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  #56 (permalink)  
Old 01-06-2020, 08:01 PM
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In retail must be young guy suck up to aunties leh
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  #57 (permalink)  
Old 01-06-2020, 08:04 PM
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Marsh treat the young employees very well. Not only make sure they qualify for BTO but also qualify for maximum grants.
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  #58 (permalink)  
Old 01-06-2020, 08:09 PM
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If you single lady looking for relationship, can join Marsh. Many guys waiting to date you and apply bto with with you. Some of those guys are married with kids though


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  #59 (permalink)  
Old 01-06-2020, 08:12 PM
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increment if u get 3% per annum consider very good alr. Depend on which team u eventually land, the bonus could be substantial and it really varies. some gets 1 or 2 some can get up to 10 or more. At the end of the day, its how much value u are bringing to the corp... But dont dream alot during ur bond period and you need to manage your expectation low, dont compare with your peers.
Quote:
Originally Posted by Unregistered View Post
Yes. Basic is not much difference while you are bonded. Don't really expect much growth during this period. Bonus varies depends on your performance. I have seen as high as 12 months.

After your bond ends, that is when you face your biggest jump. If you're good, you will be approach by headhunters and there are cases where your basic can jump from 4k to 8-10k. I know a few people getting 15-20k basic while just being in the industry for about 5 years.

It really depends on how much effort you wanna put in. If you want to go back home at 6 everyday, then don't expect much. The ones that always complain about their basic being low is usually this same group of people.
10-12 months bonus? From Pema or Finpro team?
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  #60 (permalink)  
Old 02-06-2020, 09:57 AM
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Thanks everybody for the candid advices. Any idea how many positions did marsh eventually offered?
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