MasterCard

  www.mastercard.com
  www.mastercard.com
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Feels like home

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Intern  in  Purchase, NY
Former Employee - Intern in Purchase, NY

I worked at MasterCard

Pros

MasterCard was a great place to intern. We had a small intern group spread across many different areas of the company, but our departments and HR made sure we felt welcome and integrated into the organization. They have really thought through their internship program and had weekly educational sessions focusing on resume writing, knowledge about the bank, personal strengths, etc. We even visited the floor of the NYSE! The hours were great, the work was not overwhelming and was appropriate for my level of work experience at the time, and my coworkers were infinately helpful. Overall, the atmosphere and people were just perfect for me.

Cons

It was a sophmore internship, so it is not like other financial internships where you can expect a fulltime offer after the internship. Really, other than that, I can't think of one negative thing.

Advice to ManagementAdvice

Keep on doing what you're doing, it seems to be working!

Recommends
Approves of CEO

285 Other Employee Reviews for MasterCard (View Most Recent)

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  1. 4 people found this helpful  

    Much Promise Much Work to Do

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Business Leader  in  Purchase, NY
    Current Employee - Senior Business Leader in Purchase, NY

    I have been working at MasterCard

    Pros

    Market position and industry outlook is great. Overall compensation package is designed to encourage long-term commitment. Brand is phenomenal around the globe. Upside market opportunity in the payments space is enviable. Company's financial strength and scalability is admirable.

    Cons

    MasterCard hires for job experience in industry, specifically banking. So you have alot of people who come to the table with fairly large egos and limited creativity. Large level of political drama to deal with. The company moves very slow - not responsive to clients, missed deadlines are common practice, 9:30 to 5:00 sharp are standard hours so if you're an eager eddie you'll be disappointed. Basic management discipline is missing. You will also be frustrated by the highest level of bureaucracy covering the company's use of data and information. It is an obsession that prevents us from getting things done and having an impact with clients.

    Advice to ManagementAdvice

    Drive out costs now when we can do it with deliberate focus; if we wait it will only be painful later.

    Hire for intelligence, integrity and motivation, we have enough people who worked in industry for 10 years, we need some more young people with a sharp mind and fire in their belly.

    Formalize the career development model, encourage telecommuting and clarify roles and responsibilities.

    Finally, whoever is designing and implementing the leadership development program is failing and it is such an important factor. You need to mobilize the entire top 4 layers to learn and apply strong leadership skills.

    And you also need to stop hiring jerks - hire emotionally aware, competent and intelligent people to start displacing the lousy people managers you have at the mid to upper levels.

    Approves of CEO
  2.  

    The company is headed in the right direction but some of the leaders and HR practices are appalling.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Managing Consultant
    Former Employee - Senior Managing Consultant

    I worked at MasterCard full-time for more than a year

    Pros

    Relatively good compensation compared to local market
    Nice working atmosphere
    Relatively generous benefits

    Cons

    Country managers rule as medieval kings in their countries
    At MasterCard Advisors there are mostly senior consultants and no juniors to perform the non-value added part of job
    Very fluctuating quality of consultants

    Advice to ManagementAdvice

    Try to overhaul MasterCard Advisors and make it more siimilar to top-tier consulting companies such as McKinsey, BCG, etc.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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