Macquarie Group - Poorly run investment bank-wannabe | Glassdoor
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There are newer employer reviews for Macquarie Group

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Helpful (6)

"Poorly run investment bank-wannabe"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Managing Director in New York, NY
Current Employee - Managing Director in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

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 Management

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

Other Employee Reviews for Macquarie Group

  1. Helpful (3)

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

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Macquarie Group full-time (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 Management

    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.


  2. Helpful (8)

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

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Macquarie Group full-time (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 Management

    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.

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

See Most Recent

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