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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Rewards Consulting Senior Manager

Full-TimeUpdated on 10/24/2026
No salary listed
Mid, Senior
Master's, PhD
Düsseldorf, Germany+4 moreMore locations: Hamburg, Germany | Frankfurt, Germany | Stuttgart, Germany | Munich, Germany
HybridHybrid working with mobile-work flexibility and office collaboration; some teams may schedule weekly in-person anchor days.
ConsultingHuman Capital & Change Consulting

About the job

Requirements
  • A Master's degree or doctorate, completed or nearly completed with above-average results, in a program with an analytical or quantitative focus, such as business administration, economics, psychology, mathematics, or natural sciences.
  • Several years of professional experience in a consulting environment is advantageous but not mandatory, ideally focused on compensation.
  • Interest in challenges at the intersection of strategy, human resources, compensation, and finance.
  • Strong data skills, analytical ability, and attention to detail.
  • Independence, creativity, strong communication skills, and willingness to take on responsibility.
  • Ambition and determination, with interest in a consulting career.
  • Very good knowledge of common Microsoft Office applications, including PowerPoint and Excel.
  • Very good German skills and fluent English communication.
Responsibilities
  • Develop innovative, competitive strategies and concepts for clients, including executive and board compensation, executive and workforce compensation, job evaluation, organizational structure, performance management, and job architecture.
  • Work closely with chief executive officers and chief financial officers as leading companies in Germany implement changes such as transformation processes, initial public offerings, or mergers, covering incentive design, employee participation, and overall compensation strategy.
  • Support strategic initiatives alongside experienced Mercer consultants, considering corporate objectives and sustainability aspects.
  • Design compensation systems internationally for top managers and support the development of human resources strategies.
  • Monitor current trends, market practices, and best practices, as well as financial metrics, share prices, and the needs and motivations of the employees concerned.
Desired Qualifications
  • Relevant internships, for example in consulting, a corporate environment, or finance, are advantageous.

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

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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.

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