Probably don't work here - Actuarial Analyst (Pensions) Segal Employee Review

1.0
Mar 22, 2023
Recommend
CEO approval
Business Outlook

Pros

The office is in a nice location in the financial district and their PTO is flexible if you get all your work done.

Cons

The techniques used by the company are incredibly old-fashioned and you may not learn many transferable skills. For instance, much of their analytical work is done in a program called STAR which is written if Fortran, an obsolete programming language from an era before object-oriented languages like C++, Python, etc. The latest patch for STAR was in 2004 or something, like 20 years ago. Although they brag about having the largest database of multi-employer pension data in the US, most of it is locked up in unusable formats, so it isn't even aggregated in a way that allows for any sort of novel analysis. When I was there, management talked all the time about introducing stochastic modeling, but who wants to spend their career trying to figure out how to do that in a dead programming language? So it didn't get done. They got rid of the pension for employees. It used to be really good, and a lot of money that the company earns will go continue to fund the senior manager's retirement, and not yours. They will even train you to calculate what a raw deal you're getting if you work in pensions, haha! When I worked there, there was high turnover among analysts, especially among women, who complained to me about untoward remarks made to them by managers.

Explore other reviews about Segal

5.0
Jul 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Very nice and great people

Cons

They provide relatively low compensation

3.0
Apr 22, 2026
Recommend
CEO approval
Business Outlook

Pros

Remote, kind group of people, and flexible with working hours

Cons

Said early in, intended to give every intern a return offer and would be transparent with that process. When it came down to it, every intern had to reach out to management on their own and inquire. Also work was unevenly dispersed among intern group. Some interns were given 40+ hours of work a week, while others were struggling to put 15 hours on their time cards. There was almost this expectation to find work to do, but realistically you can only spend so much time going through all the training videos and practice excel sheets. Ultimately, I would say this really impacted decisions to give returns or not. The work is extremely dull, and the pay is not good enough. They spend too much money on an office in Hudson Yards they don't need (it's gorgeous though) considering most people are fully remote. They should focus on paying lower rent, and paying their employees more.

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