Macquarie Group Reviews

Updated August 29, 2014
Updated August 29, 2014
281 Reviews

3.0
281 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
118 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.  

    Not a great place to work if you are not Australian

    • 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 3 years

    Pros

    Met some smart, motivated individuals

    Cons

    Glass ceiling if one is not Australian. The firm likes to hire young, inexperienced individuals and push out older experienced individuals. Not many women in leadership roles.

    Advice to ManagementAdvice

    Foster employees who have experience

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    It has its ups and downs.

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

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

    Pros

    They pay well but are becoming unreasonable with how they manage costs and budgets.

    Cons

    Historically, Macquarie pays very well and has very low turnover rates. They knew how to make you feel loyal to the company. However, senior management is being increasingly tight and is souring the culture of the bank. People are not happy and morale is very low. They seem to care about a single penny more than they care about their employees. A lot of key people in the IT department have already left or are looking to leave.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Pleasurable learning and professional environment.

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

    I have been working at Macquarie Group as an intern for less than a year

    Pros

    Gain lots of experience. Everyone is very easy to work with. Also, they offer great benefit plans.

    Cons

    Communications across the country and with Sidney can be very hectic at times. There are different cultural barriers and definitions that need to be learned.

    Advice to ManagementAdvice

    Work more closely with subordinates to make sure they understand their task.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Bait and switch

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

    I worked at Macquarie Group full-time for less than a year

    Pros

    Provided breakfast, lunch, and snacks - however I think the motivation is to keep you at your desk/phone constantly.

    Cons

    The most unfriendly work environment I've ever experienced. It's not hostile, but very cold and impersonal. Was told I would be part of a team coming in and was essentially left to sink or swim on my own with the appearance of my supposed team OK with me drowning. Boss was super secretive and exclusionary in protection of his personal PnL. Everyone wanted to get a piece of the revenue without lifting a finger.

    Advice to ManagementAdvice

    Banking is about dollars and cents, but try to have a little personality and make Macquarie an attractive place to work.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    best paying Grad program/job

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

    I worked at Macquarie Group full-time

    Pros

    Great benefits, work life was best I had and could take on hobbies.

    Cons

    low pay, managment not interested in being best in class or aggressively going after deals. I would not go there to make a name for oneself.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  7.  

    Build your own business

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Macquarie Group

    Pros

    Freedom to be creative
    Smart people
    Freedom within boundary culture

    Cons

    Cannot act fast on opportunaties

  8.  

    Lots of freedom, but red tape building up with regional growth.

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

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

    Pros

    Lots of learning opportunities for those willing to work hard. Pay is great. Work life balance is always a struggle. Face time is more important than they let on.

    Cons

    Very Australian culture - not a negative, but not for everyone.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    great envirment

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

    I have been working at Macquarie Group full-time for more than 8 years

    Pros

    the people i work with are great people

    Cons

    hard to get to
    reseption takes a long time

    Advice to ManagementAdvice

    you guys are doing great

    Recommends
    Positive Outlook
    Approves of CEO
  10. 6 people found this helpful  

    Club for expat aussies

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

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

    Pros

    Good pantry. Free granola bars and cereal for breakfast. If you are not ambitious or like the environment of a government type job, then this is an ok place to stay until retirement.

    Cons

    All key roles are held by expat australians. Americans are treated with suspicion and generally relegated to second tier roles. Company is very bureaucratic and it is impossible to get any major deals done. We are not respected in the marketplace, and potential customers generally snicker when we mention macquarie.
    The management and its PR machine makes it worse by constantly repeating the statement "we are the goldman sachs of australia".
    Management is petty and very stingy watching nickels and dimes more closely than any other place I've been at. Moreover, very unethical management (by American standards). Top management routinely has open affairs with female subordinates, and is condoned - maybe even encouraged amongst the expat crowd.

    Advice to ManagementAdvice

    Create uniform HR policies. Treat people with respect, have the same standards for ALL employees.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Spent 8 years in Infrastructure Operations - Wasted my time and talents

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

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

    Pros

    Macquarie was once a wonderful place to work. Innovative, smart people, good energy. I think what happened was they took on more they could chew.... The company was huge on training making sure their IT employees stayed ahead of the technology game. As the company begun to lose money, so did their ability to invest in technology and tools. We were constantly losing business because clients found us unreliable with all the email and network outages. I worked there from 2005 to 20012, I met some great people, but most of them were all laid-off. The talent is really no longer there.

    Cons

    There are many cliques formed at Macquarie. There is an us (Australians) and them (Americans) mentality which has gotten worst through years. Posturing is a way of life there and if done correctly you can move up the corporate chain.

    Advice to ManagementAdvice

    Listen to the people and respect those doing the work. Also, Australians need to stop feeling they are superior to the locals, it's tiredsom and degrading.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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