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1 person found this helpful  

Great firm...not but the firm of old.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Associate  in  New York, NY
Current Employee - Associate in New York, NY

I have been working at Macquarie Group

Pros

- Open floor plan across the board,
- Tons of opportunities for career and organisational advancement,
- Interesting improvement projects abound (within IT),
- Communication from upper management is pretty regular and usually concise,
- Competitive base compensation and excellent benefits (within IT),
- Beautiful workplace setup; kitchens are pretty well stocked (nearly infinite juice/soda/cereal/fruit and Friday activities are a nice touch with some groups)

Cons

- Pretty terrible bonuses have been the norm for the last few years, though this was mitigated somewhat with higher base pay and overtime, if applicable,
- Constant re-organisations and office moves,
- No centralised ways for encouraging workplace/technological innovation,
- Technology is pretty outdated in comparison to most of the industry,
- New and ever-changing internal processes make it difficult to get work done,
- IT graduate programme (in the US) could use more organisation,
- Significantly fewer team outings than several years ago...though this also seems to be a common trend in the industry.
- Entrepreneurial culture is definitely going away with constant "process improvement" and trimming of workplace benefits.

Advice to ManagementAdvice

Macquarie's leadership is doing a great job at balancing cost cutting with organisational culture and company morale, but could do a better job at building more high-level leadership in the US (which has been becoming a central market for them for the last few years).

However, cutting innovation and entrepreneurship from Macquarie's culture will not save money. Focusing on process instead of people is not a lasting cost-cutting strategy. Lost morale is hard to regain...and there's a lot of it going around these days. There are tons of big(ger) banks that top-flight graduates, who are usually honeypots of innovation and potential money-making, can choose. Macquarie is starting to lose the edge that made it stand out...and that's not helpful when none of them (in the US, which is beginning to become a core market) knows who they are.

Approves of CEO

296 Other Employee Reviews for Macquarie Group (View Most Recent)

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  1. 1 person found this helpful  

    growing company that is quite new to the U.S. and therefore very disorganized with fast changing strategies

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst  in  New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Macquarie Group

    Pros

    compensation on par with the street and the people are generally very nice and easy to work with

    Cons

    low bonuses, bad work life balance, hard to take any time off, poor deal flow, poor staffing model, easily lay off employees

    Advice to ManagementAdvice

    provide a clear view to the employees on where the company is headed and provide for better internal mobility across different divisions

    Doesn't Recommend
    No opinion of CEO
  2.  

    Too much bureaucracy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Macquarie Group

    Pros

    Good Family/Life Balance, eveyone trys to be helpful

    Cons

    Too much reliance on opinion of senior managment in Australia. When problems arise in the US, the ability to solve them should remain in the US and not have to wait for answers to come back from Australia

    Advice to ManagementAdvice

    Give more autonomy to Regional operations

    No opinion of CEO
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