Macquarie Group

  www.macquarie.com
  www.macquarie.com
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Macquarie Group Reviews

Updated September 19, 2014
Updated September 19, 2014
291 Reviews
3.0
291 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
122 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.  

    Develops talent, easy to move on

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

    I worked at Macquarie Group as an intern

    Pros

    Open-floor plan makes it very comfortable to approach all levels of coworkers. Encourages input from all levels. Senior leadership and HR highly interest in developing and training junior people. Great stepping-stone to larger banks.

    Cons

    It's a mid-size bank, so may not enhance resume as much as more notable banks. Work-life balance can get overwhelming, as with all investment banking roles.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great for the 1%, otherwise low pay for okay hours

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

    I have been working at Macquarie Group full-time for more than 5 years

    Pros

    * Even with face time, hours are better than typical banking experience (but that is double edge sword cause less deal experience)
    * Junior level exposure means as bullpen member, you will have responsibilities from analyst to VP, notwithstanding your title

    Cons

    * Years of poor pay and bad reputation = difficulties hiring talent. Good junior level support is difficult to come by and entire analyst classes have left before (more typical) 2 years commitment. As associate, you are really acting analyst plus more responsibility
    * In or out group. Pay goes to the top 10%, few get well below market, and large majority have been zeroed. this INCLUDES junior stay, who really have no ability to direct how business is doing.
    * Low moral plus bad pay has caused entire teams to leave at once

    Advice to ManagementAdvice

    Pay junior people street

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

    Mediocre place

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

    I worked at Macquarie Group as an intern for less than a year

    Pros

    Good people to work with and nice office environment

    Cons

    Deals are not that as high profile

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  5.  

    Smart people, used to be much better, going through changes

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

    I worked at Macquarie Group full-time for more than 5 years

    Pros

    The people when I joined were really smart and friendly; the bank had some goldern years where they attracted top talent. Pay was decent, not amazing. During the growth period everyone was very motivated

    Cons

    After 6 years of not getting bonuses like everyone used to people have become very miserable. The smartest people left and the others in charge now see to not be making the best decisions...not awful decisions. But the innovation levels have dropped. The staff there are not as happy as it used to be

    Advice to ManagementAdvice

    Value your key people...the turnover of great staff has caused the morale of people left to be lower..this needs to be fixed

    Recommends
    Negative Outlook
    Disapproves of CEO
  6.  

    IT

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

    I worked at Macquarie Group

    Pros

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

    Cons

    The job can be very demanding.

    Recommends
    No opinion of CEO
  7. 1 person found this helpful  

    US office is faltering, hampered by dysfunctional management out of Sydney

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

    I have been working at Macquarie Group full-time for more than 3 years

    Pros

    Smart, considerate co-workers, relaxed work atmosphere. Smart US-based middle management. An easy-going culture not typically found in IB, but cons discussed below are now overshadowing this. Company historically doesn't like to lay off people. Nice, well-stocked kitchen.

    Cons

    US business is faltering, morale is low, uncertainty is in the air. Would agree with other poster concerning compliance matters.

    Owing to flat hierarchy there are no (or very few) offices, even for compliance-oriented jobs; cafeteria/trading desk-style "one-size-fits-all" seating. Chronic tech issues coupled with poorly trained overseas IT staff.

    Advice to ManagementAdvice

    Sydney management needs to articulate what its strategy is for the US business and implement it -- and compensate people commensurate with their contribution, aligned with how the company does in a given fiscal year.

    Doesn't Recommend
    Negative Outlook
  8. 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

    I have been working at Macquarie Group full-time

    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
  9.  

    Very entrepreneurial, good culture

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

    I worked at Macquarie Group full-time for more than 5 years

    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
  10.  

    Great people and great atmosphere

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

    I worked at Macquarie Group

    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.

  11. 3 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

    I worked at Macquarie Group full-time for more than 8 years

    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

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