Macquarie Group

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

Updated September 17, 2014
Updated September 17, 2014
290 Reviews
3.0
290 Reviews
Rating Trends

Recommend to a friend
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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.  

    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

  3.  

    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
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  5.  

    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
  6. 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
  7. 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
  8.  

    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
  9.  

    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.

  10. 3 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

    I worked at Macquarie Group full-time for more than 3 years

    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
  11. 4 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

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

    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

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