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
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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

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  1.  

    good people, less support

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

    I have been working at Macquarie Group (less than an year)

    Pros

    people here are amazing. most higher ups (MD ED) are the best people here. sales team is always busy. small company so you can basically get to know everyone on your trading floor

    Cons

    might be too conservative. if macquarie wants to expand in the us more aggressively, it needs a stronger presence.

    Advice to ManagementAdvice

    be more aggressive. develop a better internship program

    Recommends
    Positive Outlook
    Approves of CEO
  2. 6 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 (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
  3. 4 people found this helpful  

    Amazing potential however too dysfuncational to execute

    • 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 (more than 8 years)

    Pros

    Macquarie is often described as the Goldmans of Australia. They are a powerhouse in Australia, however that market is limited. They're trying hard to expand into other regions, however, the management is all still in an Australian mindset. They hire very smart people.

    Cons

    They're going to get eaten alive by local regulators. They've been operating somewhat under the regulatory radar but with the recent pickup in fines and sanctions it's only a matter of time before they get hit with a MAJOR fine. The management is super dysfunctional. No one has any authority to make any decisions and everyone is petrified of accountability. While they spend a huge amount of time and effort on hiring smart people, the good ones quickly leave because of the contraints.

    Advice to ManagementAdvice

    You've lost sight of the best of the cultural values - freedom within boundaries. You've got some great people that are unable to deliver on their potential because of the dysfuncatinal management.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    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.

  6. 1 person found this helpful  

    I have been working at Macquarie Group as an intern (less than an year)

    Pros

    Good training opportunities, Cafeteria with a selection of free food, and great people to work with

    Cons

    It takes effort to make the work-life balance work for you. But I have only been here a short time and have nothing bad to say about the company

    Advice to ManagementAdvice

    It would be nice to have better continuing education/ tuition reimbursement

  7. 1 person found this helpful  

    Terrible Investment Bank for Junior Bankers

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

    I worked at Macquarie Group full-time (more than an year)

    Pros

    - Good experience in modeling
    - Lot of work, get feet wet quickly

    Cons

    - Senior Bankers are not very skilled. Often fired from other banks and unable to generate much deal flow. As a result they treat juniors horribly
    - Extremely long hours
    - No regard for work life balance
    - HR does not care about treating people well
    - Will try to claw-back your signing bonus when you try to leave the company
    - Always understaffed, because the company acts as a revolving door
    - Terrible pay and bonuses (notoriously bad)
    - Don't buy the global bank angle. Generally top management only cares about the Australian practice and gives limited resources / attention to the U.S. practice

    Advice to ManagementAdvice

    Start valuing and developing the people below you, or the investment banking business will never gain traction.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    I found myself becoming someone I didn't like.

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

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

    Pros

    Global opportunities; diversity of operations offers a wide range of opportunities; smaller than many competitors, which makes it a relatively nimble firm.

    Cons

    The culture of the firm defines fairness and integrity in the context of what you can get away with, rather than an understanding of right and wrong. It is a pervasive and recurrent problem at the firm that is entrenched to a level where it is hard to imagine how it can be wound back.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Mixed

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Macquarie Group

    Pros

    They tend to hire highly qualified people, so it is not likely that you will run into incompetent people. They don't just fill seats.

    Cons

    Most compliance environments in financial services are known for having a high stress factor and this is no different. It comes with the territory.

  10.  

    I'm continually impressed with the new product and services innovation at Macquarie

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - National Account Manager in San Francisco, CA
    Current Employee - National Account Manager in San Francisco, CA

    I have been working at Macquarie Group full-time (more than an year)

    Pros

    Strong brand name across the world

    Cons

    Financial services is a tough market to be in right now

    Advice to ManagementAdvice

    They should implement "skip level" interviews to get a real feel for how management is performing in the field

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 3 people found this helpful  

    Intelligent staff, lots of silos, entrepreneurial culture, too conservative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 (more than 8 years)

    Pros

    Always trying to grow, interesting niche businesses, people are very smart, can progress quickly if you do well, lots of opportunity to move between businesses and countries, safe balance sheet company no going anywhere.

    Cons

    The entrepreneurial culture leaded to people working in silos. Can create problems such as disorganized interactions with clients which looks unprofessional.
    A little overly conservative. Too much power given to risk management function.
    Systems are terrible as a result of growing fast and under-investment.

    Advice to ManagementAdvice

    If you are too conservative, the company will not grow.
    Spend more money on systems.
    Don't hire people who are not adaptable.

    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

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