Mastercard - Professional network of global employees in financial services industry with excellent differentiated value proposition. | Glassdoor
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There are newer employer reviews for Mastercard

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"Professional network of global employees in financial services industry with excellent differentiated value proposition."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Purchase, NY
Former Employee - Anonymous Employee in Purchase, NY
Recommends
Positive Outlook
No opinion of CEO

I worked at Mastercard full-time (More than a year)

Pros

Collaborative people and desire to work together towards problem solving and process improvements.

Cons

Budget cuts due to financial industry downturn in 2008

Other Employee Reviews for Mastercard

  1. Helpful (1)

    "No way to run a company"

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

    I have been working at Mastercard full-time (More than a year)

    Pros

    Brand name
    salaries are ok but benfits are expensive

    Cons

    small company mentality
    talk of change but they don't really want change
    backwards systems
    behind the times

    treat people like numbers - the human element is missing
    ViSA, AMEX are taking advanage of poor MasterCard performance
    mamangement is a tight group and almost impossible to get in

    Advice to Management

    you can only talk your way through for so long before the truth comes out. I believe the company is in for hard times as the competition is getthing stronger. The #'s don't add up.


  2. Helpful (1)

    "Great resume-builder but has ways to go to become what it CAN be -- the Intel of payments!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Leader in Purchase, NY
    Former Employee - Business Leader in Purchase, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Mastercard full-time (More than 8 years)

    Pros

    - Almost bulletproof, revenue-generating business model
    - Strong brand built from the strength of its distribution, products, and the "Priceless" campaign
    - Global company
    - Seasoned, competent executive management
    - A lot more entrepreneurial than it gets credit for
    - Work-life balance
    - Cool office for a Fortune 500 company
    - Getting better at horizontal structure

    Cons

    - Its business model, which is an open loop, makes it difficult to move fast since its dependent on issuers and merchants
    - Hasn't yet earned credit for being a "technology" company within financial services
    - Silos galore: functionally and geographically
    - Executive management needs to narrow down its priorities since there are too many
    - Although only just over 7,000 employees globally, it operates like a 700,000-person organization at times
    - Some departments are becoming more intense -- lessening the work-life balance -- because of questionable strategic decisions
    - Can't expect morale to increase just because of adding a pool and ping-pong table (they are nice additions) -- needs to be truly authentic
    - High performers in middle management can be "stuck" because of the top-heavy organizational structure, coupled the company's above average retention rates

    Advice to Management

    The executive management leads who report to the CEO need to:
    - Stick to their decisions;
    - Prioritize their strategic imperatives per business unit and region.

    They should take a page from the CEO who is very clear and sticks to his priorities and decisions. One comment on the CEO is he likes to be right and goes off gut feel at times. But overall, he's taking MasterCard in the right direction for the most part.

There are newer employer reviews for Mastercard
There are newer employer reviews for Mastercard

See Most Recent

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