MacKay Shields Reviews

Updated March 25, 2015
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3.8
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Jeffrey S. Phlegar
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6 Employee Reviews

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  1. Good company in transition

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

    I worked at MacKay Shields full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Many dedicated hardworking employees who are willing to commit what it takes to accomplish the right thing for their clients. Company is in the middle of changes to improve although the improvements remain to be seen.

    Cons

    New senior management that doesn't hire internally for senior positions and cannot differentiate between committed vs. uncommitted employees; not all of the investment teams are firing on all cylinders.

    Advice to Management

    Take the time to differentiate between the employees that are committed to the success of the firm rather than solely loyalty to the new leadership. Although change is good, much of the recent change has been focused on feeding senior management egos.


  2. Stable but not inspiring.

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

    I have been working at MacKay Shields full-time (More than 8 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Job stability, family friendly, good hours, and health benefits.
    Nice and respectful colleagues. Laid back atmosphere. Very accessible location. Relaxed dress code.

    Cons

    Lack of opportunities for professional growth and learning.
    Lack of mentorship opportunities.
    Lots of manual processes and lack of systems.


  3. Great environment but if you're looking for ways to grow from within look elsewhere

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

    I worked at MacKay Shields full-time (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Family oriented, great people to work with

    Cons

    Lacks internal opportunities, perfect for those not seeking much career development, some managers were more inclusive of their employees than others

    Advice to Management

    Listen and incorporate internal employee feedback/recommendations


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Administrative Assistant

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

    I worked at MacKay Shields full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The people were great to work with

    Cons

    Th epay could be higher for this position


  6. Helpful (1)

    WAS a great place to work

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

    I worked at MacKay Shields

    Recommends
    Recommends

    Pros

    Smart co-workers, good salary and benefits, great location, financially sound, reasonable work/life balance

    Cons

    Current lack of strategic direction. No CEO. Parent company (NY Life) exerting greater control and influence over day-to-day operations. Eliminated entire US equity division in 2009.

    Advice to Management

    This was a fantastic place to work for many years, but the firm appears to have lost strategic direction and momentum. It is a shame that NY Life is exerting so much more control over day-to-day operations.


  7. Helpful (1)

    Was good while it lasted

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

    I worked at MacKay Shields

    Pros

    Great benefits, great location, nice offices, reasonable senior leadership on a day-to-day basis, pleasant working conditions, good resources were available (technology, travel).

    Cons

    New York Life appears to have taken control of the company, which was not the case in the past. Recently eliminated equity department.

    Advice to Management

    I enoyed working at the firm more when it wasn't so directly controlled by New York Life. But I have to say my experience at MacKay was mostly positive.



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