Jobs › Marsh McLennan

Senior Executive Compensation Consultant

Marsh McLennan · Chicago, IL · $248,000–$372,000 a year · Full time

Posted Aug 24, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a short-term incentive plan you redesigned. What changed, and how did you know it worked?

What they are checking: Whether they have led real plan design end to end and measured the result rather than just delivering a deck.

This role includes growing Mercer's rewards business in markets like Chicago, Minneapolis and Detroit. How would you build a pipeline in your first year?

What they are checking: Whether they can generate business, not just deliver it, which separates a senior consultant from a manager.

Tell me about a time you had to deliver an unpopular recommendation to a board or senior HR leader.

What they are checking: Whether they hold a position with evidence and composure when the audience would prefer a different answer.

What would you do

The CEO privately asks you to support a bigger raise than your benchmarking shows. How do you handle it?

What they are checking: Whether they stay independent and serve the committee, which is who the advice is really for.

A client received a weak say-on-pay vote last spring. What would your first conversation with the committee chair cover?

What they are checking: Whether they know how to read shareholder feedback and turn it into credible pay changes and disclosure.

You are leading three engagements and two committee meetings land in the same week. How do you manage it?

What they are checking: Whether they can plan around fixed board calendars and delegate without letting quality slip.

About the work

Walk me through how you would build a peer group for a mid-cap industrial company's executive pay review.

What they are checking: Whether they know the criteria behind a defensible peer group and how proxy advisors and boards will challenge it.

A compensation committee wants to move its long-term incentive from time-based RSUs to performance shares. What would you advise them to think through?

What they are checking: Whether they understand metric choice, goal setting, accounting and retention trade-offs in LTI design.

How do you choose between relative TSR and an internal financial metric for a performance share plan?

What they are checking: Whether they can match incentive metrics to what management actually controls and what shareholders reward.

How would you modernize a pay structure for a broad employee population that has outgrown its grades and ranges?

What they are checking: Whether they can extend beyond executive pay into job architecture, ranges and the cost of moving people.

How are you using AI or technology tools in benchmarking and analysis today, and where do you not trust them?

What they are checking: Whether they can speed up routine work while still owning the accuracy of numbers a board will rely on.

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The full job description

As published by Marsh McLennan.

Company: Mercer Description: We are seeking a talented professional to join our Career team at Mercer, a Marsh business. This hybrid role is based near a Mercer office and requires at least three days per week in the office. The Senior Executive Compensation Consultant will lead the design and delivery of executive and broad-based compensation programs, with a primary focus on higher education clients. You will manage project teams, own client relationships, drive revenue through new business development, and ensure junior team members have meaningful development opportunities. Key responsibilities • Structure, direct, review, and interpret compensation analyses produced by project teams. • Develop broad-based compensation philosophies, strategies, and programs that support clients’ attraction and retention goals. • Monitor higher-education trends and adapt Marsh tools, research, and resources to create practical, data-driven strategies and solutions for higher education clients. • Assess current pay and program features against market practice and clients’ circumstances and prepare clear client deliverables. • Design short-term incentive programs and financial performance measurement/target-setting systems aligned with clients’ strategic objectives. • Advise senior management on remuneration and related human capital issues. • Generate revenue by developing new client relationships, expanding existing accounts, and representing Mercer in the marketplace. • Delegate work and provide guidance to team members, assigning tasks at appropriate career levels to create development opportunities. • Liaise with consultants across Marsh business units as the career thought leader for the higher education vertical. Required qualifications • Significant experience in executive and broad-based compensation consulting, preferably with demonstrable work for higher education clients. • Strong technical skills in compensation analysis, incentive-plan design, and total rewards strategy. • Solid knowledge of executive compensation regulations for tax-exempt organizations. • Proven client-relationship and project-leadership experience, including delivery of client-facing presentations and materials. • Bachelor’s degree in business, finance, economics, or a related field (advanced degree preferred). What makes you stand out: • Track record of driving sales and maintaining a book of business within higher education or similar sectors. • Advanced degree (e.g., MBA) or relevant certifications (e.g., CCP) and strong quantitative/analytical skills. • Demonstrated ability to mentor junior staff and to collaborate effectively across multiple Marsh office teams. Why join our team: • We help you be your best through professional development opportunities, interesting work and supportive leaders. • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact on colleagues, clients and communities. • Thrive and be motivated by an environment that embraces AI and technology-enabled tools. • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being. Marsh (NYSE: MRSH) is 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, visit marsh.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 $248,000 to $372,000. 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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