There are newer employer reviews for Macquarie Group

5 people found this helpful  

Poorly run investment bank-wannabe

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

I have been working at Macquarie Group full-time

Pros

Well stocked kitchen and pantry. Free breakfast cereals/milk.

Cons

Very Australian centric business. Expat Aussies make all important decisions, and Americans are thoroughly distrusted. Management tries to cut costs constantly, nickel and diming at every opportunity. Bonuses have been cut drastically, and morale is terrible. The company is pretty ruthless in how it treats its employees, and managers have the ability to fire people at will for no cause.

Advice to ManagementAdvice

Clean out expat Aussie management, and hire locals - they understand American work culture a lot better.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

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

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  1. 6 people found this helpful  

    If you're smart, you won't stay long

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

    I worked at Macquarie Group full-time for more than 5 years

    Pros

    - high turnover and thin staffing means many opportunities for advancement, taking on additional responsibilities
    - smart, hard-working colleagues
    - open-door policy (for some management)
    - regular communication from upper-level management

    Cons

    - extensive interview process (and disorganised HR), tends to alienate potentially strong candidates
    - compensation/bonuses don't reflect the long hours, dedication and hard work that's expected
    - outdated technology/systems, and little (if any) investment planned in this area
    - too much politics and bureaucracy (more than most comparable firms on the Street)
    - no loyalty or appreciation...yesterday doesn't matter, it's always "what have you done for me today?"
    - stress, stress, and more stress (did I mention stress?) - zero work/life balance
    - extremely low team morale
    - ineffective management (they tend to promote strong team players, rather than those with the actual skillset to be successful managers)
    - Sydney management doesn't get the US business model, or how to succeed in the US market, which makes for a very confused, disorganised corporate culture in NY (torn between Aussie and US standards)

    Advice to ManagementAdvice

    Adapt from the Aussie business model if you want the US business to succeed. Hire locals who know how to get things done, rather than bringing in staff from Sydney. Give local management more authority/autonomy and trust the local staff you hire. Streamline the interview process and pay in line with the rest of the Street.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    A lot of potential, but hard to get anything done!.

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

    I have been working at Macquarie Group full-time for more than 3 years

    Pros

    Strong background and history. Strong balance sheet.

    Cons

    Very laid back and burocratic. Not prone to take up big initiatives.

    Advice to ManagementAdvice

    Need to be proactive and agile. Its a great place with lot of potential but a lot of time and resources are being wasted with not much getting done.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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