Macquarie Group

  www.macquarie.com
  www.macquarie.com
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Macquarie Group Reviews

Updated September 19, 2014
Updated September 19, 2014
291 Reviews
3.0
291 Reviews
Rating Trends

Recommend to a friend
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Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
122 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.  

    A very focused finance group

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

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

    Pros

    The work environment at Macquarie is ideal for an entry level employee, very collaborative and helpful. They offer competitive salary.

    Cons

    I was always unsure of the corporate vision at large, I felt that my group in particular worked in a vacuum, too separated from other resources Macquarie could hypothetically offer.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Could be a great place to work if your an Aussie

    • 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 for more than 3 years

    Pros

    - Mostly filled with very smart people
    - Fun loving "Aussie" attitude
    - Results are more important than putting in hours
    - Can get creative if you have the right people above you

    Cons

    - There are the cool insiders and then everyone else
    - NYC is an outpost and sometimes decisions are made in Sydney or London that could be better made if they took the time to understand the situation in the US better

    Advice to ManagementAdvice

    - Allow people and markets time to develop and pay off
    - Treat all people with respect and courtesy

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Intern

    • 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 as an intern for less than a year

    Pros

    Money is good. Competitive working environment, good for a rookie.

    Cons

    More training system will be very helpful for entry-level analysts

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    macquarie group review by finance manager

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

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

    Pros

    good quality people, team environment, opportunities for many overseas postings, diverse and global work force

    Cons

    pay a little light on, restructured finance team has limited career opportunities, australian centric, get used to late night calls with sydney!

    Advice to ManagementAdvice

    more work needs to be done on career development. Its been the same line for the last 5 years..many cost cutting measures are seen as petty by staff as the small costs saved dont exceed the value staff saw in the benefits

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Horrible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager  in  Philadelphia, PA
    Current Employee - Senior Manager in Philadelphia, PA

    I have been working at Macquarie Group full-time for more than 10 years

    Pros

    Great place for incompetent employees to hide in the machinery. Professional slugs can disappear into a vacuum, where management tries to measure performance by TPS reports, rather than actually knowing the capabilities of their employees.
    Good place to start, if you can get by the suspicious HR/testing process for interviewing. Good candidates are often sent away.

    Cons

    Management consists of cut-throat Australian employees looking to make a name for themselves. U.S. employees are considered second-rate. Management fads are ten years behind the times. Use of technology is ten years behind the times. Employees are distrusted and replaceable. Processes matter, people do not.
    Would not recommend to my worst enemy.
    Politics are very thick, but mostly behind the scenes.
    Management not able to distinguish advanced accomplishment from bench-warming.
    Very frustrating environment. Employee opinions not valued.
    Looking for new employment...

    Advice to ManagementAdvice

    Realize than individual contributions DO matter. Find a way to see the individual. Hint: it's not from fifty thousand feet up through time sheet reports.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 5 people found this helpful  

    Poorly run investment bank-wannabe

    • 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

    Pros

    Well stocked kitchen and pantry. Free breakfast cereals/milk.

    Cons

    Very Australian centric business. Expat Aussies make all important decisions, and Americans are thoroughly distrusted. Management tries to cut costs constantly, nickel and diming at every opportunity. Bonuses have been cut drastically, and morale is terrible. The company is pretty ruthless in how it treats its employees, and managers have the ability to fire people at will for no cause.

    Advice to ManagementAdvice

    Clean out expat Aussie management, and hire locals - they understand American work culture a lot better.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 6 people found this helpful  

    If you're smart, you won't stay long

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

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

    Pros

    - high turnover and thin staffing means many opportunities for advancement, taking on additional responsibilities
    - smart, hard-working colleagues
    - open-door policy (for some management)
    - regular communication from upper-level management

    Cons

    - extensive interview process (and disorganised HR), tends to alienate potentially strong candidates
    - compensation/bonuses don't reflect the long hours, dedication and hard work that's expected
    - outdated technology/systems, and little (if any) investment planned in this area
    - too much politics and bureaucracy (more than most comparable firms on the Street)
    - no loyalty or appreciation...yesterday doesn't matter, it's always "what have you done for me today?"
    - stress, stress, and more stress (did I mention stress?) - zero work/life balance
    - extremely low team morale
    - ineffective management (they tend to promote strong team players, rather than those with the actual skillset to be successful managers)
    - Sydney management doesn't get the US business model, or how to succeed in the US market, which makes for a very confused, disorganised corporate culture in NY (torn between Aussie and US standards)

    Advice to ManagementAdvice

    Adapt from the Aussie business model if you want the US business to succeed. Hire locals who know how to get things done, rather than bringing in staff from Sydney. Give local management more authority/autonomy and trust the local staff you hire. Streamline the interview process and pay in line with the rest of the Street.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 3 people found this helpful  

    A lot of potential, but hard to get anything done!.

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

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

    Pros

    Strong background and history. Strong balance sheet.

    Cons

    Very laid back and burocratic. Not prone to take up big initiatives.

    Advice to ManagementAdvice

    Need to be proactive and agile. Its a great place with lot of potential but a lot of time and resources are being wasted with not much getting done.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Constant changes which seem for the worse!

    • 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 for more than 5 years

    Pros

    Large corporation with large corporate benefits...vacation, medical, dental, 401K, etc... however, their matching contributions are less than other companies I have worked for. They display "some" loyalty to employees with generous severence, but overall objective is to make more and more at all costs!

    Cons

    Can conduct themselves a bit ruthlessly. Extreme restrictions and monitoring of all electronic communication. Does not maintain current software/hardware levels for business transactions. Again, "continually" updating benefit and compensation structure.

    Advice to ManagementAdvice

    Stop setting unrealistic objectives. Level off as a mature company with consistent, growth and maturation in business entities.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    friendly low-stress culture but growing too fast and very top-heavy

    Former Employee - Analyst  in  New York, NY
    Former Employee - Analyst in New York, NY

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

    Pros

    easy-going people make the entire floor less stressful than other banks

    senior mgmt make themselves very accessible

    opportunity for rapid increase in responsibility (much faster than elsewhere)

    Cons

    overly aggressive growth, esp lateral hires of senior ppl

    compensation is simply not competitive for junior ppl

    politics and bureaucracy very palpable

    company's directors are in sydney and out of touch with the industry

    Advice to ManagementAdvice

    focus on improving existing businesses rather than growth for the sake of growth

    hold employees to performance metrics more closely

    develop and reward junior ppl instead of overpaying for senior ppl from other shops

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