M

Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Experienced Consultant

Full-TimeUpdated on 10/24/2026
$235k - $270k/yr+ Performance-based incentives
Mid
PhD
Washington, DC, USA+2 moreMore locations: San Francisco, CA, USA | New York, NY, USA
HybridHybrid; colleagues are expected to work from their local office or onsite with clients at least three days per week.
ConsultingFinancial & Transaction Advisory
Company Does Not Provide H1B Sponsorship

About the job

Requirements
  • Candidates must have completed a PhD in economics or a related field, with training in econometrics and quantitative methods.
  • Candidates may have 2–4 years of academic or relevant industry experience.
  • Candidates must have strong written and oral communication skills, presentation and project management skills, and the ability to think creatively to solve complex problems.
Responsibilities
  • Conduct high-powered economic research across a wide variety of industries.
  • Develop economic and financial models to answer critical business questions.
  • Perform economic analysis on complex real-life issues.
  • Write research reports and client presentations for senior staff and clients to support informed economic decisions.
  • Influence and direct project strategy, including preparing and presenting oral and written testimony.
  • Collaborate with in-house experts and outside academics.
  • Manage client relationships.
  • Apply technical skills and knowledge gained during graduate studies.

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

Get referred to Marsh & McLennan

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

Help us improve and share your feedback! Did you find this helpful?