Macquarie Group Reviews

Updated July 4, 2015
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381 Employee Reviews

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  1. Helpful (3)

    Interesting work but poor work life balance

    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Macquarie Group full-time

    Pros

    - Work is interesting and challenging
    - Has the ability to take initiative
    - Freedom to do various things and take on responsibilities
    - Good office amenities
    - Can move around the firm

    Cons

    - Culture can be very competitive and always need to be on your toes
    - Work life balance can be poor. Expected to work from anywhere at anytime
    - Career growth is not well guided. No mentorship program


  2. Helpful (1)

    Good for Aussies, less so for others

    • 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 (More than 3 years)

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

    Pros

    Relatively humane for a bank.
    Somewhat better base, and overall pay is on par.
    Free fruits and breakfast cereal.

    Cons

    Better pay, promotion, and opportunities often go to Aussies and Kiwis first, then to others.
    This leads to managers that vary greatly in knowledge, maturity, and demeanor.
    Transactions tend to be those that larger firms drop, so there are often lots of last minute catch-up work.
    No offices or cubicles here; everyone sits on rows of trading-style desks next to everyone else.
    Smaller firm with modest name value, so it's more difficult to move if you find that it's not so great here.


  3. Entrepreneurial Bank - Technology Org Review

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

    I worked at Macquarie Group full-time (More than 5 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Australia’s largest investment bank employs roughly 1,400 people in 28 countries with ~$US400 billion of assets under management. Macquarie's management approach fosters an entrepreneurial culture, with a robust risk management practice - “Freedom within Boundaries”.
    Work with Innovative businesses
    Smart people
    Good Brand

    Cons

    Tactical thinking within the support organizations and have difficulty executing longer term strategy
    Aging infrastructure and technology skills


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  5. Helpful (4)

    Recent High Profile Hires

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

    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

    Great firm to work at.

    Cons

    Senior management has not done proper due diligence on hires of some of the newer employees. One in particular seems to have issues.

    Advice to Management

    Before exposing your current employees with the bad habits of new hires please check them out - already there is talk within research dept.


  6. Australian-centric, clueless how to operate or succeed in the US market.

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

    I worked at Macquarie Group

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    it is a growth oriented bank that has smart leadership and opportunities to meet talented global colleagues

    Cons

    Below market compensation;
    Lack of foresight in staffing;
    Lack of investment in new technologies;
    A clique Australian culture that is distrusting of americans

    Advice to Management

    Recruit legitimate US based talent instead of exporting Aussie expats who don't remotely understand US culture or business.


  7. Technology cuts across the board

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

    I worked at Macquarie Group full-time (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    The company has a great set of people working for it. You can make real and lasting friendships outside of the work environment.
    Macquarie also has a very rigorous hiring practice and they bring on board some of the brightest people in the market. They also pay top dollar to attract individuals.

    Cons

    The extreme level of cuts across the support groups has really hurt the company morale. There have been multiple layoffs in the past three years and there seems to be no way of telling when they will stop. This leaves all of the current employees feeling very insecure.
    The pay starts out very well but promotions are very hard to come by, specially in the regions outside of the Australia.
    The folks in the firm are playing political games to maneuver themselves for a promotion making for a very stressful work environment.

    Advice to Management

    Promotion tracks should be clearer and the culture needs to return to its roots.


  8. Helpful (1)

    Good pay, difficult environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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. .


  9. Poor leadership

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Macquarie Group

    Pros

    money, money, money, money, money

    Cons

    bad management, bad management, bad management


  10. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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 Management

    Pay junior people street


  11. 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 Management

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



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