Macquarie Group - Great firm...not but the firm of old. | Glassdoor
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Helpful (1)

"Great firm...not but the firm of old."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Associate in New York, NY
Current Employee - Associate in New York, NY
Approves of CEO

Pros

- Open floor plan across the board,
- Tons of opportunities for career and organisational advancement,
- Interesting improvement projects abound (within IT),
- Communication from upper management is pretty regular and usually concise,
- Competitive base compensation and excellent benefits (within IT),
- Beautiful workplace setup; kitchens are pretty well stocked (nearly infinite juice/soda/cereal/fruit and Friday activities are a nice touch with some groups)

Cons

- Pretty terrible bonuses have been the norm for the last few years, though this was mitigated somewhat with higher base pay and overtime, if applicable,
- Constant re-organisations and office moves,
- No centralised ways for encouraging workplace/technological innovation,
- Technology is pretty outdated in comparison to most of the industry,
- New and ever-changing internal processes make it difficult to get work done,
- IT graduate programme (in the US) could use more organisation,
- Significantly fewer team outings than several years ago...though this also seems to be a common trend in the industry.
- Entrepreneurial culture is definitely going away with constant "process improvement" and trimming of workplace benefits.

Advice to Management

Macquarie's leadership is doing a great job at balancing cost cutting with organisational culture and company morale, but could do a better job at building more high-level leadership in the US (which has been becoming a central market for them for the last few years).

However, cutting innovation and entrepreneurship from Macquarie's culture will not save money. Focusing on process instead of people is not a lasting cost-cutting strategy. Lost morale is hard to regain...and there's a lot of it going around these days. There are tons of big(ger) banks that top-flight graduates, who are usually honeypots of innovation and potential money-making, can choose. Macquarie is starting to lose the edge that made it stand out...and that's not helpful when none of them (in the US, which is beginning to become a core market) knows who they are.

Other Employee Reviews for Macquarie Group

  1. Helpful (1)

    "growing company that is quite new to the U.S. and therefore very disorganized with fast changing strategies"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    compensation on par with the street and the people are generally very nice and easy to work with

    Cons

    low bonuses, bad work life balance, hard to take any time off, poor deal flow, poor staffing model, easily lay off employees

    Advice to Management

    provide a clear view to the employees on where the company is headed and provide for better internal mobility across different divisions


  2. "Too much bureaucracy"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    No opinion of CEO

    Pros

    Good Family/Life Balance, eveyone trys to be helpful

    Cons

    Too much reliance on opinion of senior managment in Australia. When problems arise in the US, the ability to solve them should remain in the US and not have to wait for answers to come back from Australia

    Advice to Management

    Give more autonomy to Regional operations

There are newer employer reviews for Macquarie Group
There are newer employer reviews for Macquarie Group

See Most Recent

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