Pros
AIG is a good place to park yourself when you want a bit of stability -- come in at 9, clock out at 5 and collect your paycheck. While the paycheck may be 15 to 20% below market, the bonus is cash -- no vesting period, not restricted stock, just straight cash.
Cons
The AIG Business Partners group, which runs IT, Operations, CCAR, Accounting, and Derivatives is a strange organization. You need to decide whether you will fit in or not. Firstly, the senior management has been working there since the 1980’s and 1990’s and are mostly lead by former AIG Financial Products directors. Con # 1 - They follow a strict bell-curve ranking. Every team gives out 1’s and 5’s for ratings. Since no one wants to give their star players 4’s and 5’s, they usually hire future 4’s and 5’s. **You may be hired into a 4 or 5, and you can do nothing about it.** Con # 2 - Most new senior management in the group are friends and family of the legacy group -- and you will likely not become a senior manager, director, or executive unless you are part of the Greenwich-Darien-Weston community. Con # 3 - Most of the bonus pool goes to the top (see #1) and you cannot get to the top (see #1) -- this is not JP Morgan with a career progression plan. You stay in the position you were hired into. Con # 4 - If you build the technology, or are a user of it, good luck. Most of the technology is from the 1980s.
