Wood Mackenzie

  www.woodmac.com
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Wood Mackenzie Reviews in Houston, TX

Updated Jul 7, 2014
All Employees Current Employees Only

3.7 13 reviews

90% Approve of the CEO

Wood Mackenzie CEO Stephen Halliday

Stephen Halliday

(10 ratings)

89% of employees recommend this company to a friend
13 Employee Reviews Back to all reviews
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    Current Employee

    Anonymous Employee (Current Employee) Houston, TX

    ProsGreat benefits and good people. Good work/life balance.

    ConsStill very UK centered even though Houston office is as large and will continue to grow.

    Advice to Senior ManagementLet go of "old" way of doing things and let the US management team manage.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Career Opportunities
    • Approves of CEO

     

    Research Analyst

    Upstream Research Analyst (Former Employee) Houston, TX

    ProsThe level of clients you interact with is unmatched, particularly relative to other junior roles. Your coworkers are extremely intelligent. You are constantly learning. Your presentation and analytical skills improve immensely through working there.

    ConsThe work gets mundane after 18 months. The type of work does not change. The managers are not very encouraging. Their Scotish culture is very "glass empty". There is limited opportunities to transfer between research groups. The culture stresses work/life balance almost to a fault. Nothing ever gets done. The product outputs move at a snails pace. The technology that is meant to support your job is awful and forces tasks to take much longer than necessary.

    Advice to Senior ManagementBe more upfront with junior analysts on where they rank amongst each other. You need end up wasting an employees career by refusing toe either fire them or allow them to transfer groups. You keep many junior analysts in career limbo.

    In terms of corporate strategy, have some sense of urgency, your competitors are putting out better products. Quite allowing everyone to leave by 4pm. Successful companies push their employees. You are allow your workers to become complacent and lazy.

    You need to have a rotational program for your junior analysts or they end up getting bored and leaving.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Approves of CEO

     

    Senior Analyst

    Senior Analyst (Former Employee) Houston, TX

    ProsWork-Life balance, global reach, family like atmosphere

    ConsEuropean centric management, little technology support

    Advice to Senior ManagementTransition to global management and need non-UK based upper executive managment

    Yes, I would recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Approves of CEO

     

    Uncertain future

    Analyst (Current Employee) Houston, TX

    ProsWork/life balance. Helpful coworkers. Supportive and nice culture.

    ConsCompensation, career growth (reaches stagnation in 2 years), lack of new ideas and projects, senior management still struggling to figure out what the company should be like in next 5 years. A conflict within company whether to project itself as a data company or research or consulting firm. Company severely lacking deep talent at low and mid levels.

    Advice to Senior ManagementAcquire a data management company and relieve research and consulting groups from playing data handling roles.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Challenged by Change

    Product Manager (Current Employee) Houston, TX

    ProsCulture of personal respect and courtesy, benefits, decent distribution of age groups across the employee population, smart people. Challenging and interesting work.

    ConsRun like a university, not a business. The "Deans" with long tenure and established relationships have created silos and cliques that will be difficult but necessary to break down to continue growth at the pace we would like to see. Technology treated as a cost center instead of a business necessity; pay below industry averages in the US market. Too much value for form over function.

    Advice to Senior ManagementContinue to bring in senior staff with regional and targeted content experience and business backgrounds and delegate authority to run their areas - keeping budget approval at the exec level is like asking the child to keep going to Dad for pocket money. Spend money on improving database development and creation, not more new grads who require more time from line management for training.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Great Culture and balance in Work/Life

    Research Analyst (Current Employee) Houston, TX

    ProsSo many things the company puts forward to ensure that you have a great work/life balance. wonderful community and culture that supports lots of collaboration.

    ConsBecause it is a European company, the structure is not set up for advancement unless you "pay your dues" which generally means you have been with the company for a long time, more than you have contributed a great deal.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    UK-centric management style

    Anonymous Employee (Former Employee) Houston, TX

    ProsHighly-talented employees.
    Great benefits and good work/life balance.

    ConsVery UK-centric on everything.
    Micro-managed.
    Very limited growth opp unless your based in their Edinburgh office.
    Not sensitive to regional styles.

    Advice to Senior ManagementDiversify the management and allow regional styles to be explored. Management is very UK-centric and even regional offices are being micro-managed by managers brought over from the UK. This is not positive and can cause disrupt.

    – I'm optimistic about the outlook for this company

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    4 people found this helpful  

    Balance the Pros/Cons to understand if it is right for you

    Managing Consultant (Current Employee) Houston, TX

    Pros> access to loads of industry content and industry experts
    > opportunity to travel and work almost anywhere in the world
    > if you can make a business case for it, the firm will accomodate just about any work arrangment; work from home, in any city or country, etc.
    > young employees get contact with clients early in their development
    > Woodmac offers a great opportunity to learn for those early in their career and trying to establish a foundation of knowledge about the mining, metals, and energy industries
    > new owners (recently bought by private equity) seem to understand how to grow the business and have ambitiously exciting goals
    > icing on the cake - great benefits (generous health insurance, 5 weeks of vacation)

    Cons> pay is well below industry average
    > advancement is slow and based on time served, not personal development
    > all decisions originate in Edinburgh (the HQ) and often lack global perspective, even though the company is very global
    > the culture is lazy, there is no real desire to do things urgently - if a project is perceived as difficult, people often dodge the job
    > no one is willing to make a decision, so things are very slow to get done

    Advice to Senior Management> diversify decision makers, include people who are not long-tenured Woodmac or from Scotland
    > actually perform a salary benchmarking exercise and undserstand how to keep the best people instead of losing them to IHS and industry
    > drive a performance culture
    > worry less about publishing something which may upset 1 client and more about publishing quality material

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

    1 person found this helpful  

    Incredible learning experience

    Analyst (Former Employee) Houston, TX

    ProsThe hierarchy in the company is almost non noticeable, plenty of opportunities to interact with senior management. There is a huge amount of information to be learned about the energy industry as part of Woodmac's business. Even for recent grads, there is substantial facetime with clients, opportunities to attend plenty of industry events and a very good compensation package (almost comparable to IB without the bonus). People are open and always willing to help, the company's culture really pushes for that kind of interaction. And to finalize, an incredible work/life balance with 25 vacation days and unlimited sick days.

    ConsIT sometimes drags performance down

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Disapproves of CEO

    4 people found this helpful  

    A Bridge Too Far.

    Anonymous Employee (Current Employee) Houston, TX

    ProsVery bright analysts and some of the best, most internally consistent data in the industry.

    ConsDysfunctional culture and weak senior management that tolerates such behavior with the brush-off, "That's Wood Mackenzie." Bonues (DPA) are based on subjective favortism, rather than merit Top 10% ("Rank 4") do VERY well on bonus at the expense of the rest of the employees. Compensation balance and work-life balance are too skewed to make corporate culture tolerable.

    Advice to Senior ManagementFix compensation, technology, and stop tolerating dysfunctional personalities. Dismiss senior managers who say, "Everyone but Rank 4 are replaceable" then act shocked when motivation and morale tank.

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