Macquarie Group

  www.macquarie.com
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Macquarie Group Reviews

Updated Jul 22, 2014
All Employees Current Employees Only

3.1 270 reviews

61% Approve of the CEO

Macquarie Group Managing Director and CEO Nicholas W. Moore

Nicholas W. Moore

(114 ratings)

50% of employees recommend this company to a friend

Review Highlights

Pros
  • Also, work environment is great - smart peers and work-life balance is definitely apparent(in 25 reviews)

  • Great people, comfortable work environment, you really feel like you work for a top notch company here(in 25 reviews)


Cons
  • You may get some work-life balance in some offices but not generally not in Asia(in 21 reviews)

  • Long hours - forget about having a family life;(in 18 reviews)

270 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Constant changes which seem for the worse!

    Vice-President (Current Employee) New York, NY

    ProsLarge corporation with large corporate benefits...vacation, medical, dental, 401K, etc... however, their matching contributions are less than other companies I have worked for. They display "some" loyalty to employees with generous severence, but overall objective is to make more and more at all costs!

    ConsCan conduct themselves a bit ruthlessly. Extreme restrictions and monitoring of all electronic communication. Does not maintain current software/hardware levels for business transactions. Again, "continually" updating benefit and compensation structure.

    Advice to Senior ManagementStop setting unrealistic objectives. Level off as a mature company with consistent, growth and maturation in business entities.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    5 people found this helpful  

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

    Analyst (Former Employee) New York, NY

    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 Senior ManagementAdapt 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    1 person found this helpful  

    friendly low-stress culture but growing too fast and very top-heavy

    Analyst (Former Employee) New York, NY

    Proseasy-going people make the entire floor less stressful than other banks

    senior mgmt make themselves very accessible

    opportunity for rapid increase in responsibility (much faster than elsewhere)

    Consoverly aggressive growth, esp lateral hires of senior ppl

    compensation is simply not competitive for junior ppl

    politics and bureaucracy very palpable

    company's directors are in sydney and out of touch with the industry

    Advice to Senior Managementfocus on improving existing businesses rather than growth for the sake of growth

    hold employees to performance metrics more closely

    develop and reward junior ppl instead of overpaying for senior ppl from other shops

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

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

    Associate (Current Employee) New York, NY

    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 Senior ManagementMacquarie'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.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

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

    Analyst (Former Employee) New York, NY

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

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

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

    No, I would not recommend this company to a friend

    • Work/Life Balance
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    • No Opinion of CEO

     

    Too much bureaucracy

    Anonymous Employee (Current Employee) New York, NY

    ProsGood Family/Life Balance, eveyone trys to be helpful

    ConsToo 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 Senior ManagementGive more autonomy to Regional operations

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Frustrating

    Associate (Former Employee) New York, NY

    ProsGood work-life balance, interesting deals and infrastructure focus

    ConsLack of true deal flow

    Advice to Senior ManagementNA

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Pleasant work enviroment but this can change depending on the business you currently work with.

    Compliance Executive (Current Employee) New York, NY

    Prosopen floor plan
    free snacks soda breakfast coffee
    Smart people to work with
    everyone has a go getter attitude and no one is lazy

    Consopen floor plan and everyone is in everyone's business
    Poor IT systems
    Poor IT structure throughout Macquarie
    Poor integration between businesses

    Advice to Senior ManagementLeadership at Macquarie is plentiful. There are to many people in charge on any one thing in NY. Since we are a remote office we have to much middle management and require more analyst level jobs. Its extremely unpreductive to have to get approval from 5 people to get one thing done.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    mediocre

    Portfolio Manager (Current Employee) New York, NY

    Prosdynamic growing international firm looking to expand

    Conslack of focus, decentralized leadersihip. not organized

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Good people but re-establishing its direction

    Anonymous Employee (Former Employee) New York, NY

    ProsGenerally good people
    Entrepreneurial culture
    Pretty flat hierarchy compared to other investment banks

    ConsPay can sometimes not be competitive
    Top down (from Sydney HQ) management

    Advice to Senior ManagementFocus on targeted lines of business; continue to keep staff informed on direction; challenging markets make your job difficult! Continue to encourage entrepreneurial and sensible risk-taking environment

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