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First Marblehead

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Loved my job! - Multiple First Marblehead Employee Review

4.0
27 Sept 2013
Recommend
CEO approval
Business outlook

Pros

I worked for First Marblehead for just over 4 years and held a variety of positions. Pros included: -Great people - Decent culture -Great Facilities -Great Pay -Great Benefits -Lots of Opportunity for growth and change -Supportive Management

Cons

Industry troubles forced a change in the board which was ultimately the death knoll for most of us at the company. Misplaced trust in replacement leadership turned what was an awesome place to work into a very unstable place. Having met and worked with the CEO several times and him not even remembering we had met was a huge insult. On the other hand, Dan Meyers the original and current CEO, has a way of making everyone feel important. Sure he is mercurial but he is exciting and if anyone can restore FMC, it is him!

Explore other reviews about First Marblehead

5.0
3 Jun 2021
Recommend
CEO approval
Business outlook

Pros

Good people. Interesting projects and market opportunity

Cons

Challenging environment for student lending.

4.0
16 Sept 2008
Recommend
CEO approval
Business outlook

Pros

Learning opportunities. First Marblehead is ahead of the curve in defning an emerging industry. There are tremendous opportunities to explore, experiment and define success. The caliber of colleagues is simply fantastic. People are tremendously smart and fun to work with. There is a very collegial atmosphere and a terrific social community.

Cons

Industry turbulence. Unfortunately the credit markets and regulatory environment have dealt First Marblehead several body-blows recently. There has been extreme turn-over and massive layoffs this year. The return of the former CEO, Dan Myers may provide a shot in the arm and a return to solid growth. Dan is an unpredictable maverick with an "in crowd" and an "out crowd". He'll clean house, but there may be opportunities for new employees to rebuild FM back to its deserved glory. Its a challenging, dynamic environment that does not place a premium on communication from Sr. Management or standard management practices -- work/life balance, benefits, career development etc. Its kind of the Wild West and Dan is the sherriff. Hope he likes you and buckle in for a wild ride.

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