Full-Time

Associate Analyst/Analyst

Energy & Natural Resources

Updated on 9/12/2026

Marsh

Marsh

10,001+ employees

Global insurance brokerage and risk advisory

No salary listed

Madrid, Spain

Hybrid

At least three days per week in the local office or onsite with clients.

Bachelor's, Master's, PhD

Category
Consulting (1)
Required Skills
Python
R
Financial analysis
Stata
Data Analysis
Microeconomics
Excel/Numbers/Sheets

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Requirements
  • Hold a BA/BSc and a Master's or PhD in Economics or a related discipline, with an exceptional academic record.
  • Have an interest in microeconomics and quantitative research.
  • Have a good working knowledge of Excel, Stata, R, Python, or other statistical and analytical software.
  • Have strong attention to detail and the ability to think analytically and critically.
  • Have strong written and spoken communication skills in English and Spanish.
  • Be able to work effectively both individually and in teams.
Responsibilities
  • Design and build quantitative models and apply econometric analysis to economic and financial data.
  • Collect market, industry, company, and competitor information.
  • Review, summarize, and analyze industry trends.
  • Manage large data sets and develop code to perform complex analysis.
  • Design auctions and perform auction simulations.
  • Develop pricing systems for infrastructure.
  • Analyze financial market data.
  • Create trial exhibits.
  • Draft memos, expert reports, and presentation materials.
  • Participate in team meetings and conference calls.
  • Conduct economic research across a wide variety of industries.
  • Perform and develop economic analysis on complex real-life issues.
  • Write research reports and prepare client presentations for senior staff and clients.
  • Influence project strategy, including the preparation and presentation of oral and written submissions.
  • Collaborate with in-house experts and outside academics.
  • Develop and deliver internal training sessions.
Desired Qualifications
  • Experience with AI-assisted coding tools such as GitHub Copilot or Codex.

Marsh is a diversified professional services firm that helps clients manage risk, secure insurance, and design risk-transfer programs. Its core work combines risk advisory with insurance brokerage, acting as a buyer of coverage and placing policies across multiple underwriters. It includes Mercer (HR consulting), Guy Carpenter (reinsurance brokerage), and Oliver Wyman (management consulting) under a holding structure. Its goal is to lower clients' financial risk and total cost of risk by combining risk transfer with advisory and consulting services across insurance, reinsurance, HR, and business strategy.

Company Size

10,001+

Company Stage

Seed

Total Funding

$110K

Headquarters

New York City, New York

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 underlying revenue grew 5%, with Marsh Risk up 4%.
  • Marsh Japan bought Mitsubishi Electric Insurance Service in November 2025, expanding captive distribution.
  • Risk Companion and Sentrisk deepen sticky advisory workflows and cross-sell across client accounts.

What critics are saying

  • Marsh booked $425 million for Greensill in Q1 2026; more headlines still threaten.
  • Howden US keeps raiding Marsh talent; the Florida injunction shows fragile client retention.
  • Guy Carpenter fell 2% in Q2 2026 as reinsurance pricing pressure squeezes growth.

What makes Marsh unique

  • Marsh combines brokerage, reinsurance, and consulting through Marsh, Guy Carpenter, and Mercer.
  • Its 2026 brand unification under Marsh centralizes AI, data, and client services.
  • Marsh’s global placement network spans 130 countries, embedding it in multinational risk programs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Professional Development Budget

Tuition Reimbursement

Mental Health Support

Paid Holidays

Company News

Associated Press
Aug 31st, 2026
US employers plan 3.2% merit pay rises for 2027 amid economic uncertainty

US employers plan to maintain moderate salary increases in 2027, according to Marsh's Mercer QuickPulse survey of 1,001 organisations. Base salary merit increases are projected at 3.2%, with total salary increases at 3.5%, marking four consecutive years of similar rates. Economic uncertainty continues influencing compensation decisions, with 57% of employers expecting at least moderate impact. High Tech (3.8%), Banking (3.7%), and Energy (3.6%) lead in merit budgets, whilst Consumer Goods (2.9%) and Healthcare (3.0%) lag behind. Employers expect to promote 8.4% of their workforce in 2027, down from 8.6% in 2026. Off-cycle salary adjustments remain common, with 64% of organisations providing them. AI adoption in compensation planning is growing, with 70% of organisations reporting some automation, primarily for market pricing recommendations and benchmarking.

Yahoo Finance
Apr 17th, 2026
Marsh beats Q1 estimates with $7.6B revenue, $3.29 EPS as organic growth hits 5%

Marsh reported Q1 revenue of $7.6 billion, up 7.6% year-over-year, beating the consensus estimate of $7.38 billion by 2.88%. Earnings per share came in at $3.29, compared to $3.06 in the prior-year quarter, surpassing the consensus estimate of $3.21 by 2.46%. Key metrics showed mixed performance against analyst expectations. Consolidated organic revenue growth of 5% exceeded the 3.5% estimate, whilst consulting organic growth of 5% topped the 4.4% forecast. However, Guy Carpenter's organic growth of 2% fell short of the 4.2% estimate. Geographically, Marsh's EMEA division generated $1.21 billion in revenue, up 14.1% year-over-year and beating estimates. Mercer consulting revenue reached $1.66 billion, an 11% increase that surpassed the $1.58 billion consensus.

wallstreet:online AG
Jul 28th, 2025
Mitsubishi Electric to Transfer Shares of Insurance Subsidiary to Marsh Japan

28.07.2025 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has concluded a share transfer agreement under which it will transfer shares of its Tokyo-based subsidiary Mitsubishi Electric Insurance Service Co., Ltd. to Marsh Japan, Inc. on ...

Coverager
Aug 28th, 2024
Marsh Launches Port Blockage Insurance

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Business Wire
May 16th, 2024
Marsh Mclennan Stockholders Re-Elect Board Of Directors During 2024 Meeting

NEW YORK--(BUSINESS WIRE)--Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people, today announced the results of its 2024 Annual Meeting of Stockholders. Stockholders elected the entire slate of 2024 director nominees for a one-year term expiring at next year’s annual meeting. The 11 directors are: Anthony K. Anderson, John Q. Doyle, Oscar Fanjul, H. Edward Hanway, Judith Hartmann, Deborah C