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How much do mercer marsh jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for mercer marsh in the United States is $23.43, according to ZipRecruiter salary data. Most workers in this role earn between $15.14 and $24.28 per hour, depending on experience, location, and employer.

What are some common challenges faced by consultants working at Mercer Marsh and how can they be addressed?

Consultants at Mercer Marsh often encounter challenges such as managing multiple client projects simultaneously, adapting to changing regulatory environments, and communicating complex risk management solutions to clients with varying levels of understanding. To address these, effective time management, continuous professional development, and strong collaboration with both internal teams and clients are essential. Mercer Marsh provides structured training and mentorship, which helps consultants stay updated on industry trends and improve their client engagement skills.

What is Mercer Marsh?

Mercer Marsh Benefits is a collaboration between Mercer and Marsh, two global consulting and insurance firms, that provides comprehensive employee health and benefits solutions to organizations around the world. They help employers design, manage, and optimize employee benefits programs, including health insurance, retirement plans, and wellness initiatives. Mercer Marsh Benefits leverages global expertise and local knowledge to deliver tailored solutions that help employers attract and retain talent while managing costs and risks.

What are the key skills and qualifications needed to thrive as a Risk Consultant at Mercer Marsh, and why are they important?

To thrive as a Risk Consultant at Mercer Marsh, you need a solid understanding of risk management principles, insurance products, and industry regulations, typically supported by a relevant degree such as in finance, business, or risk management. Familiarity with risk analysis tools, data analytics software, and industry certifications like ARM or CPCU is often required. Strong client relationship management, analytical thinking, and effective communication are crucial soft skills for success in this role. These skills enable consultants to deliver tailored risk solutions, build client trust, and navigate complex risk environments effectively.

What is the difference between Mercer Marsh vs Actuary?

AspectMercer MarshActuary
Required CredentialsTypically requires a degree in risk management, insurance, or related fields; professional certifications like CPCU or ARM are commonRequires a degree in mathematics, statistics, or actuarial science; professional actuarial exams and certifications (e.g., ASA, FSA) are essential
Work EnvironmentInsurance brokerage, risk consulting, client advisory roles within insurance and risk management firmsInsurance companies, consulting firms, or government agencies focusing on risk assessment and financial modeling
Employer & Industry UsageUsed by insurance brokers, risk management firms, and consulting agenciesPrimarily employed by insurance companies, actuarial consulting firms, and financial institutions

Mercer Marsh professionals focus on risk management consulting and insurance brokerage, while actuaries specialize in statistical analysis and financial modeling for insurance products. Both roles require specialized credentials and work within the insurance and risk sectors, but their core functions differ significantly.

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Mercer Marsh jobs near you
Infographic showing various Mercer Marsh job openings in the United States as of July 2026, with employment types broken down into 72% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 98% Physical, and 2% Remote job distribution, with an average salary of $48,744 per year, or $23.4 per hour.
Senior Compensation Consultant

Senior Compensation Consultant

Marsh & McLennan Companies, Inc.

Chicago, IL • On-site

$129K - $259K/yr

Full-time

Medical, Retirement

Posted 24 days ago

Job description

Company:
Mercer
Description:
e are seeking a talented Senior Compensation Consultant to join our Career Consulting team at Mercer. This role offers a hybrid work arrangement, requiring a minimum of three days per week in the office or with clients.
Mercer is uniquely qualified to help organizations design and execute sophisticated workforce strategies, whether it's for a multinational organization or a local company attempting to grow within its market. We provide best-in-class consulting, rigorous analytics, and data-driven insights that help organizations make fact-based decisions.
As a Principal consultant, you will lead delivery of large-scale projects, coach team members, and solve complex compensation challenges. In addition, you will support the business development process. This is a great opportunity to partner with senior management and HR leaders to develop and deliver compensation strategies that attract, retain, and motivate talent.
What you will do:
  • Structure, direct, review, and interpret analyses performed by project teams
  • Develop compensation strategies, philosophies, and programs that address clients' attraction and retention needs
  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
  • Provide consulting services to senior management on compensation issues including pay strategy (structure and competitiveness), job architecture design, and digital activation of these designs
  • Manage day-to-day client interactions, building and maintaining strong relationships
  • Provide guidance and oversight to junior team members, supporting their development and ensuring quality deliverables
  • Generate revenue by developing new client relationships, extending existing engagements, and identifying cross-selling opportunities

What you need to have:
  • Bachelor's degree in Business, Human Resources, Finance, or a related field
  • Extensive (8+) years of experience in compensation consulting or related HR advisory roles, with demonstrated subject matter expertise
  • Proven ability to manage multiple large-scale projects and complex client engagements
  • Deep knowledge of compensation strategy, compensation-related technology, incentive plan design, market analysis methodologies, and regulatory compliance
  • Strong client relationship management skills with experience advising senior executives
  • Excellent communication, presentation, and leadership skills
  • Proficiency in Microsoft Office, especially Excel and PowerPoint
  • Intellectual curiosity and a proactive approach to problem-solving and coaching

What makes you stand out:
  • Experience leading engagements for global organizations with complex compensation challenges
  • Demonstrated success in leading or supporting business development activities
  • Advanced analytical skills and familiarity with compensation management tools, survey management tools, and AI-enabled compensation agents
  • Demonstrated leadership in developing innovative solutions and thought leadership content

Why join Mercer:
  • Professional development opportunities and supportive leadership to help you grow
  • A vibrant, inclusive culture where you can collaborate with talented colleagues
  • A broad range of career opportunities and comprehensive benefits to support your well-being
  • A flexible hybrid work model balancing remote work with in-office collaboration

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
The applicable base salary range for this role is $129,600 to $259,200.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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