Macquarie Group Reviews

Updated August 1, 2015
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392 Employee Reviews

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  1. Helpful (6)

    Steer clear of this firm, it is not worth your time and effort

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

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

    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 Management

    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.


  2. Helpful (4)

    Relaxed culture but embarrassingly low comp and weak reputation

    • 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 3 years)

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

    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 Management

    Pay attention to and reward the actual money makers and stop wasting resources on expensive useless outside hires. Also invest more in IT. Seriously.


  3. good people, less support

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

    I have been working at Macquarie Group (Less than a year)

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

    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 Management

    be more aggressive. develop a better internship program


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  5. Great people and great atmosphere

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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. Helpful (2)

    Terrible Investment Bank for Junior Bankers

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

    I worked at Macquarie Group full-time (More than a year)

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

    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 Management

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


  7. Helpful (3)

    I found myself becoming someone I didn't like.

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

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

    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.


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

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

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

    Pros

    Strong brand name across the world

    Cons

    Financial services is a tough market to be in right now

    Advice to Management

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


  9. Helpful (3)

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

    • 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 (More than 8 years)

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

    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 Management

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


  10. 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.


  11. Helpful (3)

    Horrible

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounting Associate in Sydney, FL
    Former Employee - Accounting Associate in Sydney, FL

    I worked at Macquarie Group full-time (Less than a year)

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

    Pros

    Apparently high pay if you're in certain positions. Good reputation - so good place to 'come from'.

    Cons

    Large bureaucracy. People live the job and have no life outside. Only see $$ signs.

    Advice to Management

    I think the bank needs to stop thinking of itself as an audit firm that can take in young talent and grind them to the bone, and expect them to be thankful for the privilege of working there.



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