Macquarie Group

  www.macquarie.com
  www.macquarie.com

Macquarie Group Reviews

Updated December 15, 2014
Updated December 15, 2014
329 Reviews
2.9
329 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good people and culture and its up to you to make work-life balance for you (in 29 reviews)

  • Open work environment, easy access to executives, open to constructive feedback (in 27 reviews)


Cons
  • You may get some work-life balance in some offices but not generally not in Asia (in 30 reviews)

  • Long hours 10 hours a day and no overtime its part of your overall package (in 27 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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 (less than an year)

    Pros

    Good people to work with and nice office environment

    Cons

    Deals are not that as high profile

  2.  

    Asks more questions before taking the job!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Macquarie Group

    Pros

    - Free Fruit and Toast
    - implementation of rotating roster for work.

    Cons

    - No Training/Induction in place for a new starter
    - People aren't as friendly as it seems, as everyone is too busy doing there own thing then help you. Especially if you're new.
    - Long hours 10 hours a day and no overtime its part of your overall package. (now implementing flexible hours for the role).
    - team morale is extremely low due to mass exodus of senior team members moving onto new roles outside of the company.
    - no guidance
    - role applied for extremely different to the actual work undertaken.

    Advice to ManagementAdvice

    Be more organised, have an induction plan in place for new starters!!

  3.  

    Good pay, difficult environment

    • 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 (more than 5 years)

    Pros

    Salary and benefits are great.' I'm in IBD. Most people are surprisingly nice and helpful. I've only disliked two people in 4 years.

    Cons

    Non-responsive back office functions. Working printers are few are far between, for example, and no one seems to care. Another example is that AP rarely pays bills on time, causing more work for staff. Bonuses are terrible. .

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    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 (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
  6.  

    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 (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
  7.  

    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
  8. 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 (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
  9. 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
  10. 4 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 (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.  

    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 (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

Macquarie Group Photos

beautiful pantry at the consolidated office location on W55 St
View of Victoria Harbor from the IFC office

+ Add Photo

Work at Macquarie Group? Share Your Experiences

Macquarie Group

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.