Wood Mackenzie

  www.woodmac.com
  www.woodmac.com

Wood Mackenzie Reviews

Updated December 17, 2014
Updated December 17, 2014
61 Reviews
2.9
61 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Wood Mackenzie CEO Stephen Halliday
Stephen Halliday
36 Ratings

Review Highlights

Pros
  • Good Work Life Balance since the reach team don't have many deadlines to catch up with (in 22 reviews)

  • Great Benefits with some leeway to handle life issues (in 6 reviews)


Cons
  • The culture stresses work/life balance almost to a fault (in 3 reviews)

  • Lack of diversity in senior management (in 4 reviews)

More Highlights

Employee Reviews

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  1.  

    Summer Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Intern in Houston, TX
    Former Employee - Summer Intern in Houston, TX

    I worked at Wood Mackenzie as an intern (less than an year)

    Pros

    Great working environment; very friendly. If you are looking to build a career and expand your knowledge of the energy industry, Woodmac is the right place.

    Cons

    The hour salary wasn't very good. The summer internship program is quite new so they haven't link the program to further job opportunities or offers.

    Advice to ManagementAdvice

    Link the summer internship program to full time offers after graduation.
    Increase the hour-salary

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Not what I signed up for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Upstream Research Analyst in Houston, TX
    Former Employee - Upstream Research Analyst in Houston, TX

    I worked at Wood Mackenzie full-time (more than an year)

    Pros

    A couple cool, nice analysts. Decent for the resume. No internet filters.

    Cons

    Where to begin....this company is just not as advertised. They say they provide a third-party, independent view on the industry when in reality the firm is more concerned about regurgitating whatever the oil companies are saying in an effort to appease their clients. This leads to the viewpoints being safe and behind the curve. By the time Wood Mackenzie says something it is so blatantly obvious to everyone that it means nothing.

    The company has a serious management problem. The analysts are really the only thing holding this place together. Management is totally out of touch and does not even know how to solve simple problems. Maybe this is because upper management is more concerned about someone's race and gender when considering promotions, instead of intelligence.

    This company is political and corrupt. Secrecy is common when dealing with basic issues that would be open in any other office environment. My manager was routinely rude to me and would single me out for no reason, this was obvious to all of my teammates. I went to HR to discuss what was happening...and I was fired the next day. Clearly, this place is corrupt. Clearly, this place is not concerned about analysts and their development.

    Who should work here? Wood Mac is not a career destination, it is more of a stepping stone or resume filler, especially for someone without business experience (geologists, engineers, etc.). Working here straight out of school is a big mistake.

    There is extremely high turnover here, and if your read what I wrote above I think it should be pretty clear why.

    Advice to ManagementAdvice

    clean house

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Admin Temp

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

    I worked at Wood Mackenzie as a contractor (less than an year)

    Pros

    Location, MidTown near major subway lines. When I said yes to this opportunity the HR person and the Wood Mack employees I met where very nice but once I actually started the job the rest of the staff was another animal.

    Cons

    The people I had to support were rude, made me feel like a peasant and I didn't enjoy coming to the office. This one sales guy, older balding man wore glasses, made me do all of his clerical work (which was not in the description) while I watched him take 2 hour lunches. I won't even discuss the "work trips" I booked for him which I knew a good portion of it was his vacation but I'm just a temp. Then I had my very own "Devil Wears Prada" I had to support. She made me put enter her business cards in her outlook and still kept the original, who still keeps business cards???
    No causal Fridays (while everyone walking in the lobby wore jeans) and very quiet office. This office didn't make me feel welcomed and I felt like an outcast for the time I was there.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Good company with IPO plans

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

    I worked at Wood Mackenzie full-time

    Pros

    Friendly culture, excellent vacation plan, lots of smart people, decent work/life balance. Can be a fun place to work if you are associated with the high growth/focus products and services.

    Cons

    The private equity owners are pushing for strong growth leading to changes in the 'friendly' culture. Company employs about 1000 people. It can be good place to work if you are associated with the right products/services, i.e those that the company is spending $$$ on and thus have a relatively bright future.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 3 people found this helpful  

    Only good for employee benefits

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

    I have been working at Wood Mackenzie full-time (more than 3 years)

    Pros

    28 vacation days, good health insurance, good work-life balance

    Cons

    No career development, extremely low salary, high turn-over, lack of leadership and strategy

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Fresh graduates welcome here!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Wood Mackenzie full-time (less than an year)

    Pros

    Great benefits, fresh graduate - friendly

    Cons

    Lack of growth opportunities ,

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 4 people found this helpful  

    Unlimited potential constrained by senior management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Analyst in Houston, TX
    Current Employee - Research Analyst in Houston, TX

    I have been working at Wood Mackenzie full-time (more than 5 years)

    Pros

    Professed commitment to work/life balance--5 weeks of vacation you're expected to take, some flexibility on work hours otherwise as long as the job gets done, fabulous opportunity for industry exposure, collegial community. You couldn't do better as a

    Cons

    Prehistoric IT, glacial decision making, internally vs. client-focused management based in the UK, bad management in Houston in particular. Research is second-rate compared with sales and loosely-defined management.

    Advice to ManagementAdvice

    Leadership in North America is still too internal and Wood Mac-centric. Get client-focused leaders who understand business opportunities rather than the Wood Mac culture. Recent changes have been positive, but please stay the course. Understand that good research products generate sales, not the other way around.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 5 people found this helpful  

    Not the same company anymore

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

    I worked at Wood Mackenzie full-time (more than 3 years)

    Pros

    Good insurance coverage and 25 days paid vacation

    Cons

    UK-centric, new ownership is moving the company in a completely different direction than what WM was when it earned Investors in People. Employees who still have shares in the company are stuck until the company goes public, but there's a clear sentiment across all departments that the company is changing and not for the better. Very little opportunity for career growth.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 3 people found this helpful  

    Disorganized due to ego munching managers

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

    I worked at Wood Mackenzie full-time

    Pros

    Great Benefits with some leeway to handle life issues
    They hire smart guys who know nothing of the areas they are working in.

    Cons

    They have an uncompromising determination to achieve excellence in everything they undertake, but lack the support to get there.

    Advice to ManagementAdvice

    Someone should be the overall regional office head on location to ensure quality and take care of each units Head responsibility to produce results as requested by another Head, manager or senior analyst.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 6 people found this helpful  

    Poor leadership, undervalues employees, hierarchical

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Managing Consultant in Houston, TX
    Former Employee - Managing Consultant in Houston, TX

    I worked at Wood Mackenzie full-time (more than 3 years)

    Pros

    The firm places a high priority on benefits besides financial - 5 weeks of vacation, good health insurance. That is about the only good thing.

    If you are fresh out of university, this is a good place to learn and absorb content before moving on or returning to school. People who leave happy seem to be those who get out while the getting is good, usually less than two years.

    Cons

    Salary is well below comparable firms, there is always some excuse not to pay bonuses, they move targets mid year to avoid paying bonuses, leadership is quite poor, there is a disproportionate influence from Edinburgh (HQ) and from people who have never worked anywhere else, it is more important to spend time in place than to do go work, you get punished for doing too well and standing out, mid level management works very hard to defend territory and demotes managers who don't get with their program, the firm doesn't commit to anything fully and consequently never really does anything well.

    Best advice for applicants - read the review thoroughly. The number of starts I see in the reviews doesn't truly reflect the tone of the review. The stars suggest positive reviews, but read between the lines in the text and you'll see people aren't very happy.

    Advice to ManagementAdvice

    Get rid of the middle management layer who is holding the company back, allow people to advance based on ability instead of tenure, stop using the "we are a cheap Scottish company" as an excuse, create a transparent review process instead of one where we managers end up fighting for our team regardless of ability because we know centralized management takes the majority of the year's gains and leaves nothing for good performers outside of the UK.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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