Macquarie Group

  www.macquarie.com
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Macquarie Group Reviews

Updated August 17, 2014
Updated August 17, 2014
278 Reviews

3.1
278 Reviews
Rating Trends

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Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
117 Ratings

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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    IT

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

    Pros

    An excellent atmosphere to work in. Great pay and good treatment.

    Cons

    The job can be very demanding.

    Recommends
    No opinion of CEO
  2. 1 person found this helpful  

    Not a good place for career growth

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

    Pros

    Relaxed culture compared to many Wall Street banks
    Nice kitchen and office facilities
    Hours are much better than many firms
    4+ weeks of allocated vacation a year

    Cons

    Generally, the firm is often dysfunctional and does little to improve the issues that it has faced over the years, including:

    Lack of dealflow - there are very few senior bankers with strong client relationships
    Poor leadership and senior management that is near-sighted and does not do enough to retain talent
    Compensation, while slightly improving, is still considerably lower than where it should be
    Junior resources - generally much less talented than peer firms
    High turnover - due to the aforementioned issues

    Overall, not a good firm for career growth or opportunities for development

    Advice to ManagementAdvice

    Exercise better leadership and properly address the many operational issues within the investment bank

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Very entrepreneurial, good culture

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

    Pros

    1. Very entrepreneurial place where employees are encouraged to think big and push the envelop.
    2. Ability to take responsibility early
    3. Utilize the balance sheet when necessary
    4. Great brand, especially in APAC

    Cons

    1. Work-life balance can be difficult (depends on which regional office you are in. For the more established offices, expect typical bulge bracket hours.)
    2. Some offices can be a bit political (But expect this. The financial services industry isn't really growing...)

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Great people and great atmosphere

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

    Pros

    Take care of their employers; senior staff was very approachable; great perks; good salary; able to move up in the company.

    Cons

    I think because it's such a global company, it can be a challenge to get recognized amongst all of the employees.

  6. 2 people found this helpful  

    Amazing potential however too dysfuncational to execute

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

    Pros

    Macquarie is often described as the Goldmans of Australia. They are a powerhouse in Australia, however that market is limited. They're trying hard to expand into other regions, however, the management is all still in an Australian mindset. They hire very smart people.

    Cons

    They're going to get eaten alive by local regulators. They've been operating somewhat under the regulatory radar but with the recent pickup in fines and sanctions it's only a matter of time before they get hit with a MAJOR fine. The management is super dysfunctional. No one has any authority to make any decisions and everyone is petrified of accountability. While they spend a huge amount of time and effort on hiring smart people, the good ones quickly leave because of the contraints.

    Advice to ManagementAdvice

    You've lost sight of the best of the cultural values - freedom within boundaries. You've got some great people that are unable to deliver on their potential because of the dysfuncatinal management.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Relaxed culture but embarrassingly low comp and weak reputation

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

    Pros

    Macquarie's culture is great - people are really nice, and the smaller size of the firm in comparison with other banks means you get a lot of support and responsibility quickly. Also, they pick great venues for Christmas parties and Aussies can really drink the bar dry.

    Cons

    The compensation is well below normal for Wall Street. This place apparently used to pay big, but definitely not since 2009 (except if you're a senior hire from another bank, in which case you collect a fat guarantee then leave once it is over). Also, Macquarie is only known in certain sectors to be any good (infrastructure, commodities). If you want to make a move to better bank or to a reputable fund, it will be hard.

    Advice to ManagementAdvice

    Pay attention to and reward the actual money makers and stop wasting resources on expensive useless outside hires. Also invest more in IT. Seriously.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Steer clear of this firm, it is not worth your time and effort

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

    Pros

    - Flat office layout, management and other staff are pretty accessible
    - Well-stocked kitchen and lounge area, can always eat breakfast at the office before work
    - Friday beer o'clock is a good way to socialize with colleagues and get to know the office
    - Exposure to buy side transactions, which can be useful for future exit opportunities, especially in the infrastructure space. Many former MD's and VP's of Macquarie in the U.S., Australia and Asia have established their own funds, which seem to have more of a PE-shop style culture and structure.
    - Regional conferences in cool locations (Spain, Greece, Australia etc.) but these are a thing of the past due to cost cuts and the overall realization that they were just large debauchery conventions where nothing of any business substance was ever accomplished.

    Cons

    - Macquarie is struggling to re-position its business model in the United States. Pre-2007, they excelled in the purchase and fund management of infrastructure and related assets/businesses. Pay was attractive due to lucrative fees earned in the process. However, that business model essentially broke down due to poor performing investments and the inability to raise additional equity capital to support the existing headcount and model in place. Babcock & Brown, which was a smaller version of Macquarie went bust in 2008. Macquarie was able to survive since it is a bank and had other lines of business to cushion it in the downturn. Since 2007, Macquarie pivoted by focusing more on 3rd-party M&A advisory, first by purchasing Giuliani Capital Advisors, which was a complete waste (most left or were let go within the first year post-acquisition)
    - Australians vs. the non-Australians (mostly Americans). Noticeable bias towards expat Australians when it comes to management decision making and layoffs. This culture has degraded morale and stands in the way of the US franchise ever being able to make headway in the U.S. market. The Australians do not seem to understand the importance of hiring and retaining good local American talent. The result is that they have to overpay for mediocre talent from other BB banks that ends up leaving after a couple of years once they understand the culture.
    - The belief that they can excel as PE investors in the U.S. Many of their key investments/buyouts such as Indiana Toll Road, Spirit Finance, Express Energy, Advantage Rental Car, Smart Cart, AirServ etc. have performed poorly and in some cases gone bankrupt pretty quickly. Express Energy was purchased at the height of the energy boom in 2008. A couple of investments have performed well but the BAD ones outweigh the GOOD ones, which is the main reason why they can no longer raise much external equity (and are restricted to their balance sheet). Any attempts by them to manage companies has been a failure because as excel crunching bankers they do not have an operational bone in their body, except for a few people on their fund management side.

    Advice to ManagementAdvice

    Cut staff and stop trying to compete head on with BB's and leading boutique banks in the US. Focus on your key strengths. Most of all, reduce the reliance on expat Australian management staff and reduce the micromanagement from Sydney.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    This is an open, friendly environment unlike most in its industry. They put a lot of energy into fostering their people.

    Current Employee - Intern  in  New York, NY
    Current Employee - Intern in New York, NY

    Pros

    Good training opportunities, Cafeteria with a selection of free food, and great people to work with

    Cons

    It takes effort to make the work-life balance work for you. But I have only been here a short time and have nothing bad to say about the company

    Advice to ManagementAdvice

    It would be nice to have better continuing education/ tuition reimbursement

  10.  

    Terrible Investment Bank for Junior Bankers

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

    Pros

    - Good experience in modeling
    - Lot of work, get feet wet quickly

    Cons

    - Senior Bankers are not very skilled. Often fired from other banks and unable to generate much deal flow. As a result they treat juniors horribly
    - Extremely long hours
    - No regard for work life balance
    - HR does not care about treating people well
    - Will try to claw-back your signing bonus when you try to leave the company
    - Always understaffed, because the company acts as a revolving door
    - Terrible pay and bonuses (notoriously bad)
    - Don't buy the global bank angle. Generally top management only cares about the Australian practice and gives limited resources / attention to the U.S. practice

    Advice to ManagementAdvice

    Start valuing and developing the people below you, or the investment banking business will never gain traction.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    I'm continually impressed with the new product and services innovation at Macquarie

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - National Account Manager  in  San Francisco, CA
    Current Employee - National Account Manager in San Francisco, CA

    Pros

    Strong brand name across the world

    Cons

    Financial services is a tough market to be in right now

    Advice to ManagementAdvice

    They should implement "skip level" interviews to get a real feel for how management is performing in the field

    Recommends
    Neutral Outlook
    Approves of CEO

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