In Decline - Executive and Shareholder Greed
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.