Macquarie Group Reviews

Updated August 1, 2015
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3.1
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Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
156 Ratings

Pros
  • You can getaway with great work/life balance (in 29 reviews)

  • Cool work environment, for a bank (in 27 reviews)

Cons
  • It takes effort to make the work-life balance work for you (in 30 reviews)

  • Also the culture expects fairly long hours which impacts work / life balance (in 27 reviews)

More Pros and Cons

390 Employee Reviews

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  1. Senior Associate

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

    I have been working at Macquarie Group

    Pros

    Competitive Salary and great people to work with

    Cons

    Long hours and micro managment can be an issue at times

    Advice to Management

    Do not micro manage


  2. Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Houston, TX
    Current Employee - Manager in Houston, TX

    I have been working at Macquarie Group full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Multinational corporation with a flat structure and a relatively laid back "Aussie" office atmosphere and a great kitchen.

    Cons

    Difficult to hire new people and often hard to transfer internally.


  3. IT Group is to be avoided unless you are desperate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Developer in Philadelphia, PA
    Current Employee - Developer in Philadelphia, PA

    I have been working at Macquarie Group full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Fresh fruit, easy to maintain life/work balance, steady hours, good salary & decent benefits. the company seems to be relatively stable, though the recent change in management . iPhones (too bad they are so locked down as to be practically a flip phone - why bother??). Some nice co-workers

    Cons

    My department is a disaster in every way - from the most basic ways (dirty kitchen, sloppy people, bugs, managers who constantly speak with their mouths full of food, unprofessionally dressed people - sneakers, unshaven, not showered - some people actually smell) to more important ways (meeting timeliness, rudeness, saying "good morning"!) - the director practically grunts at you when he arrives in the morning at 9:45 am; it's pathetic). there is no opportunity for advancement, or even low level training such as a $60 class is a huge ordeal to get approved. The "leaders" of the department that i work in lack leadership aptitude. they are deeply inefficient, fail to take the leadership mantle up, and alternately micromanage and then totally check out. it's a shockingly poor managed organization with leaders who don't even know everyone in the group - it's only a 50 person office; no excuse for that. Further, there is a TON of work being outsourced to external consulting companies who are also not managed well or professional. the PM team is slightly more professional than the developers but they are overloaded. there is very limited chance of success of the current projects, particularly with so many of the project leaders jumping ship. this group seems to prefer and prioritize contractors (while paying a premium rate!) over full time employment. Unless you are a contractor who wants to add investment banking experience to your CV, i would bypass any opportunity here. I am actively looking for a new position and can not wait to leave. this is just a job; not a career enhancing role. there is very little that i can learn from this antiquated organization with poor technology .

    Advice to Management

    I think that the management in Sydney has a very good handle on the shortcomings of this group, which is likely why they are on such a short leash (seriously, even ordering a pizza requires authorization!). Take a very good look at your leaders.


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  5. depending what you do, it can be good

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

    I have been working at Macquarie Group full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Depending on what you do, there can be a good amount of opportunities to get ahead or change jobs. Some groups are better than others though, so it is important to get to know the work environment for the group you'll work for. Overall, people have been pretty good and it has been a decent experience.

    Cons

    The company tries to make each individual group profitable. Most are. But if your group isn't profitable, there may be a lot of turnover at levels. Compensation can be good or bad, depending on the group you are in and how well it performs. Expect to work a lot.


  6. Overall review

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

    I have been working at Macquarie Group full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Small company, flat structure, quick to get things done, innovative, creative, entrepreneurial

    Cons

    High turnover, constant change in direction, no transparency in communication to staff

    Advice to Management

    Stability is important


  7. Global presence with plentiful opportunity

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

    I have been working at Macquarie Group full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good benefits, 22 days vacation, good choice of free kitchen supplies Global mobility Talented staff Strong risk management culture

    Cons

    Technology is >5 years outdated Large egos can be hard to stomach

    Advice to Management

    Provide stronger level of top down direction rather than letting bottom up rule. Latter leads to an incoherent and inefficient organization.


  8. Helpful (1)

    Great salary, terrible company.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in Phila, PA
    Current Employee - Associate Director in Phila, PA

    I have been working at Macquarie Group full-time (More than 3 years)

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

    Pros

    Snacks, sodas, off-shore folks. Good salary to make up for the crappy work environment - it's all about kissing butt and parrotting the company line - but no real belief in it.

    Cons

    Everything you could think off. People go through the motions, but no one cares. Something is broken, but it is not fixed as long as people follow the company line. Mostly incompetent folks in upper management and the real workers get beat down. No opportunities for foreigners to make it past AD, save a few exceptions. Lip-service to diversity, advancement. Local leads completely beholden to Australian decisions; no local autonomy.

    Advice to Management

    Stop with the cheerleading and listen to account folks, and people that can actually do their jobs. Upper management will tell you what you want to hear - the folks that know will just leave as soon as they can. You will be left with low performers and folks that cannot readily get a job. Flavour of the month is not the best. Mandatory meetings do not mean people buy in into the culture. Anonymise polls, and get rid of low performers.


  9. Helpful (1)

    So-so place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Lead Engineer in Houston, TX
    Former Employee - Lead Engineer in Houston, TX

    I worked at Macquarie Group (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    work very fast, you can learn a lot business knowledges and tech skills if you want to learn, free beer on Fridays

    Cons

    management very arrogant, do not care about employee and career future, super micromanagement culture

    Advice to Management

    try to respect employee more


  10. Helpful (2)

    Not a good culture

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Macquarie Group

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    growing company, might be more pros in sydney. If you suck up to management might get a chance to travel or work from other locations

    Cons

    Very hierarchical colonial mindset culture, typical of the Sydney area. Not a good fit for someone who liked the US work culture. Not at all a people oriented company, they treat their staff like servants that are not expected to give any feedback or have any needs. Very incapable directors in most areas and training is not encouraged. Worst experience of my professional career. No flexibility, constant late night sydney calls as the staff there do not adjust to timings in the region.


  11. executive assistant

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

    I have been working at Macquarie Group full-time

    Pros

    In office comforts... coffee, space. Kitchen. Polite staff

    Cons

    Serious lack of room to grow



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