Pros
- Potential for exposure to interesting work. - Supportive policies if studying for actuarial exams and on actuarial track. - Significant freedom for each local franchise-like operation to pursue opportunities - Certain groups can do particularly well with pay and promotions - First couple of years of training valuable for increasing subsequent employment opportunities.
Cons
- Since each office is owned by its local principals, quality varies widely between the offices. Organization functions with typical pros and cons of a loosely coordinated and managed group of franchise-like businesses under a single umbrella organization. - Poor internal culture and communication as a result of attitudes and examples of Equity Principals. Teamwork and cooperation are particularly weak. Performance feedback is infrequent and inconsistent. - Several types of discrimination affecting pay and career opportunities of selected groups. - Attitude towards maximizing profit comes at the expense of product delivered to clients and underinvestment in R&D. - Instances of internecine rivalry between Equity Principals locally, globally and between business units creates a very difficult work environment for employees.
