Risk Management Development Program (RMDP) - Risk Control
Pros
The RMDP serves Liberty Mutual Insurance in two primary functions: A) training recent graduates (bachelor or masters) on Insurance & Risk Control Principles AND B) serving Commercial Insurance Operations by working the Risk Control Consulting Center (the telephonic branch of Risk Control). Future employees will find themselves in Warrenville, IL or Portland, OR. After a period of 6-18 months, RMDP employees are transitioned to a field role somewhere in the continental United States. The RMDP curriculum entails approximately 4 years of various modules, webinars, & seminars to round out the experience gained from day-to-day work. At the completion of the program, RMDP graduates have several options to continue career advancement including management, technical specialists, and account management. Overall pros: 1) Competitive Salary (for new hires) 2) Excellent Training for the next few roles while in the RMDP. I felt overly-prepared for my next position as I transitioned. 3) Excellent Vacation Policy 4) Flexible work schedule (once in the field) and ability to work from home 5) Excellent Employee Benefits Package 6) Majority of the positions above the RMDP are filled with people over the age of 60 or who have been with the company 20+ years, not only showing average job joy but the vast amount of promotions available in upcoming years.
Cons
1) Salary isn't as competitive as experience/promotions is/are gained. Liberty has gained a reputation in the insurance business for training other companies' employees due to the perceived salary disparity. 2) Although vacation is excellent, sick days are not available. Employees are expected to use vacation days if sick; however, if it's a major illness there are options for short-term & long-term disability instead. 3) Although I personally find it as a positive, to be promoted you have to be willing to move, sometimes cross-country. The first transition to the field is mandatory and employees may not be able to pick their location. 4) RMDP Curriculum can be difficult to finish, as the curriculum is designed by one division but expected to be paid by another. In addition, a majority of classes are offered every other year - if you miss one, it can 2-3 years before you get another chance.
