Mackenzie Investments

www.mackenzieinvestments.com
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Mackenzie Investments Reviews

36 Reviews
3.2
36 Reviews
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Charles R. Sims
15 Ratings
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    Great experience learning product, sales & marketing

    • Comp & Benefits
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    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Mackenzie Investments

    Pros

    Professional environment with a team with high business acumen.

    Cons

    Could be more adaptive to capture current market trends and evolve the business model.

Mackenzie Investments Interviews

Interview Experience

Interview Experience

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66%
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Getting an Interview

Getting an Interview

81%
18%

Interview Difficulty

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Average

Interview Difficulty

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  1. 1 person found this helpful  

    Senior Systems Architect Interview

    Anonymous Employee in Toronto, ON (Canada)
    Anonymous Employee in Toronto, ON (Canada)
    Application Details

    I applied online. The process took 6 weeksinterviewed at Mackenzie Investments.

    Interview Details

    Had 3 interviews in all. An on-site panel interview to begin with. Met with a couple of Portfolio Architects and the Career Centre manager.

    Follow up interview was two hours; first hour with a second panel (all of the same people from the previous panel except one of the Portfolio Architect was replaced by a Divisional Architect) and the second hour with HR. Typically HR is the first however here HR was the last to interview.

    The Architecture team's hierarchy is the Chief Architect <-- Divisional Arch <-- Portfolio Arch <-- System Arch

    Last question HR asked was the salary expectation and I gave a range.

    A week later I get an email from HR that started off congratulating me and wanting to move ahead with reference checks. I assumed the salary was OK and that this was a step in the right direction. A week later once the checks were done, I get an offer which was 15k less than what I had asked for!! It was thoroughly
    disappointing to say the least. I am not sure why the salary was not negotiated earlier as opposed to waiting after all the reference checks were done and preparing an offer. It was completely backwards. Regardless, I countered by lowering my range and yet again, they low balled me and did not meet my expectation.
    Upon my declining, I got calls from HR (trying to sell the "total compensation package" which is typical of financial firms) and a Director who I had never met earlier trying to get me to accept the offer.

    I guess they are a typical financial firm who are not willing to pay even the industry averages to get the right people and will simply low ball you.

    The whole process from the 1st interview till the last phone call on the offer took 6 weeks. Unfortunately most of it was time wasted due to inefficient and inexplicable processes at Mackenzie.

    Advice: Negotiate salary and ensure it is OK before proceeding further with these guys.

    Interview Questions
    • The questions were not difficult but repeated since most of the people in the panel were the same.

      Technical questions:
      * What are the components of an SOA?
      * Give us an example of a project you are proud of and what/how you contributed to it?
      * How did you influence a group of people on a particular solution?

      HR/Behavioral questions:
      * How can you be successful at this job?
      * Salary expectation.
       
      Answer Question
    Reasons for Declining

    I have outlined the reasons in the "Hiring and Interview" process section.

    Declined Offer
    Neutral Experience
    Average Interview

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Additional Info

Unlock Profile
Website www.mackenzieinvestments.com
Headquarters Toronto, Canada
Size 1000 to 5000 Employees
Founded 1967
Type Subsidiary or Business Segment
Industry Finance
Revenue $500 million to $1 billion (USD) per year

Mackenzie Financial helps Bob and Doug and other denizens of the Great White North fund their retirements with its mutual funds, asset allocation products, and segregated funds (known as separate accounts in the US). A subsidiary of IGM Financial, the company manages more than 100 mutual funds bearing such names as Cundill, Focus, Ivy, Maxxum, Saxon, Sentinel, and Universal in Canada. Asset allocation products are sold under the Keystone, Symmetry, Destination, and Star brands. Other offerings include education and retirement savings plans, tax-free savings accounts, and... More

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