Mackenzie Investments

  www.mackenzieinvestments.com
  www.mackenzieinvestments.com

Mackenzie Investments Reviews

Updated December 1, 2014
Updated December 1, 2014
32 Reviews
3.0
32 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Charles R. Sims
13 Ratings

Employee Reviews

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  1.  

    dadad

    Current Employee - Quality Assurance Analyst in Toronto, ON (Canada)
    Current Employee - Quality Assurance Analyst in Toronto, ON (Canada)

    I have been working at Mackenzie Investments full-time (more than an year)

    Pros

    very good place to work

    Cons

    fast pace environment with high stress

  2.  

    Great stepping stone.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Administrative Assistant in Toronto, ON (Canada)
    Former Employee - Senior Administrative Assistant in Toronto, ON (Canada)

    I worked at Mackenzie Investments full-time (more than 3 years)

    Pros

    Decent pay and work/life balance.

    Cons

    No growth in departments and most departments are segregated. management is not great.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    A good place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Mackenzie Investments

    Pros

    Generally compensation is good, bonuses range depending on level. Training is encouraged.

    Cons

    Inconsistencies in growth, culture, training depending on which area you work in.

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  5. 1 person found this helpful  

    Overall slow and frugal company. Pay is far below competition. Turnaround mode. New leadership is welcome change.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Analyst in Toronto, ON (Canada)
    Current Employee - Investment Analyst in Toronto, ON (Canada)

    I have been working at Mackenzie Investments full-time (more than 5 years)

    Pros

    People are nice, new leadership seems capable. New strategy seems good, but only time will tell if plan is successful. Focus on investor is welcome. Previous leader was ignorant and resisted change. He didn't want transparency. No wonder he was fired. A pro is that the old guy is gone!

    Cons

    Culture is undefined. Poor leadership in the past has lead to a slow moving ship with culture. Compensation is very low compared to similar positions with equivalent responsibilities at other companies. Total compensation elsewhere ranges 50-100% higher. Good talent leaves for higher pay, bad talent stays behind. I see this happen all the time in Toronto.

    Advice to ManagementAdvice

    Cost cutting is not the only solution to long-term profitability. Look at Costco. A higher pay for their employees result in better performance across the board. Loyalty improves when compensation is externally-equitable.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    A good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)

    I have been working at Mackenzie Investments full-time (more than an year)

    Pros

    Good opportunity… when you reach full time status they have good incentives rather than just monetary

    Cons

    But they work you like a dog… they are a financial industry so they understand the value of a dollar

    Advice to ManagementAdvice

    They need to offer more diverse programs since a lot of the people in client services lifespan was no longer than 18 months

    Recommends
    Positive Outlook
  7.  

    Good place, but need to work on communication between teams and Management

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

    I have been working at Mackenzie Investments full-time (more than 3 years)

    Pros

    - Nice, fun people to work with, employees and contractors alike
    - Good pay/compensation

    Cons

    - Some departments low on accountability regarding troubleshooting or investigating processes in assignments involving multiple teams.
    - Poor communication in some areas, which lead to lack of consistency or standards. This can affect others who were prepared with their roles.

    Advice to ManagementAdvice

    - Communication among teams is critical, or else it will affect others you are working with
    They need to be aware of what is going on. The talent are critical assets, not numbers. Don't just look at 'numbers' at a desk and start cutting. TALK to the talent. Stay CONNECTED.
    Having a Management Title means nothing otherwise, if you don't care to understand the *process* to truly 'manage' or 'direct' away from your desk.

    Recommends
    Negative Outlook
    No opinion of CEO
  8.  

    Not the company it once was.

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

    I worked at Mackenzie Investments full-time (more than 10 years)

    Pros

    Good work / life balance. Leadership at the local level was inspiring and engendered mutual respect. Employees across business areas a pleasure to work with.

    Cons

    The rate of change, particularly in the case of technology and process, moved very slowly. However, when cuts were demanded by the new CEO, the rate of change definitely accelerated. Decisions on staff reductions were not well considered and were determined without recognition of relative ability. Poor non-local management.

    Advice to ManagementAdvice

    I understand that Toronto is an expensive location in which to run a business, however, the talent pool here is superior to that of the home office for the Power group.

    Adapt the tools to fit the process, not the other way around.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Exciting place to work, company is always changing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Current Employee - Anonymous Employee in Toronto, ON (Canada)

    I have been working at Mackenzie Investments full-time (more than 10 years)

    Pros

    Interesting and challenging work. As a long-term employee, I've really enjoyed working at Mackenzie.

    Cons

    Company has suffered as competitors have improved faster but there's new leadership and they are serious about winning. The mutual fund industry is under fire and it will take a committment to doing things differently to rise above.

    Recommends
    Positive Outlook
  10.  

    A good place to pass through, but you might not want to stay.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Management in Toronto, ON (Canada)
    Current Employee - IT Management in Toronto, ON (Canada)

    I have been working at Mackenzie Investments full-time (more than 8 years)

    Pros

    The staff and junior management are friendly, hard working and dedicated to their job. Mackenzie takes customer service seriously and it reflects in the engagement of the line staff and management. The company has had some hard times and Senior management are working hard to make the best of a challenging market.
    Compensation is reasonable (mid-market) with some good benefits if you stay a while.

    Cons

    The mutual fund market has been saturated with alternatives, the banks are slowly dominating the market and driving out the independent managers. After years of financial market turbulence, investors are wary and many investors are retiring and want their money. In short, growth isn't happening, some hard decisions are being made and resources are tight.
    I worked in the IT division which has been systematically pruned and users vendors, off-shore service providers and contractors to fill its needs. That saves on training and development. IT management is ultimately dominated by the very conservative insurance sister companies so you become just a number with limited-to-nil opportunities for growth and development and an ever-present threat of layoffs.

    Advice to ManagementAdvice

    Jeff Carney, the present CEO of Mackenzie is a very personable and engaging leader. His evident enthusiasm is engaging and motivating the staff and management of the company.
    I wish the IT division could bring the same level of engagement as he brings instead of the self-serving mediocre opportunism that the IT 'enterprise' management offer in the name of service excellence. A lot less self-congratulating hyperbole and a lot more core service delivery is what I would call for.

    Doesn't Recommend
    Negative Outlook
  11.  

    Restructuring leaves the company limiting for career growth

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Mackenzie Investments

    Pros

    Contract staff would flourish in this environment.

    Cons

    Company employee base is suited for contractors over full time employees. If you're looking to grow your career, this is not the place.

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