Wood Mackenzie
3.5 of 5 42 reviews
www.woodmac.com Edinburgh, United Kingdom 500 to 999 Employees

Wood Mackenzie Reviews

Updated Jul 7, 2014
All Employees Current Employees Only

3.5 42 reviews

                             

85% Approve of the CEO

Wood Mackenzie CEO Stephen Halliday

Stephen Halliday

(26 ratings)

68% of employees recommend this company to a friend
42 Employee 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

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    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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    Excellent Company

    Anonymous Employee (Former Employee)

    ProsExcellent management, great environment, good compensation and benefits. Interns and full-time analysts gain a lot of meaningful hands-on valuation experience, and develop a in-depth understanding about oil and gas markets around the world.

    ConsInternship program is somewhat new, so there is not a lot of formal training. That said, employees are trained in their individual teams and don't waste time with a "general formal training" program.

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    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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    Great company to work for

    Downstream Oil Team Intern (Former Employee)

    ProsGreat Mentors, Small-company feel, The company's expertise in the industry is a great pro

    ConsDon't provide many opportunities for fresh graduates. No clear career paths for people working there.

    Advice to Senior ManagementProvide more graduate opportunities to develop WoodMac's own personnel.

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    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

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    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  

    Too afraid to take risks - all talk, no action, and they need to decentralise.

    Anonymous Employee (Former Employee)

    ProsWork-life balance is solid, which is about the only pro. Wish I could say there was more to the pro, but this is about it. If you prefer simply doing data analysis, then this is your place to work.

    ConsToo embedded in old ways to really effect the change they claim to desire. The sad fact is, they claim to want to do things differently, be innovative, and so on and so forth, but they would rather not do that. Instead of letting the experts do their jobs to get the job done, they committee things to death and then take the worst possible route to get the job completed and settle for substandard practices because they wish to play it safe. Be warned - you work here, and every creative idea, new idea, new concept, or innovative play you wish to make will be stomped on or essentially destroyed.

    Advice to Senior ManagementShake things up and stop creating internal fiefdoms and break down your silos. Otherwise, be up front to those whom you hire and say that you won't actually implement any change they suggest.

    No, I would not recommend this company to a friend

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    Great place to work

    Downstream Oil Team Intern (Current Employee)

    ProsNice working environment, nice colleagues, doing fun stuff related to the whole energy industry. Good Work Life Balance since the reach team don't have many deadlines to catch up with.

    ConsThe learning curve is not steep enough for young people

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    Global company with offices around the world, smart people in energy & mining industries

    Anonymous Employee (Current Employee)

    ProsWork/life balance
    International exposure
    Working with smart and knowledge people
    Decent pay
    Well-known brand in energy industry

    ConsCannot provide top Management Consulting firms exit opportunities, only known in energy industry(though personally I'd love to devote my career to energy)

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Wood Mackenzie – Why Work for Us?

Who We Are We've enjoyed incredible growth. Our modern history began in 1973, when we began producing commercial reports analysing the North Sea Oil & Gas industry. We now have more than 800 people delivering insight… Full Overview

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