Macquarie Group Reviews | Glassdoor

Macquarie Group Reviews

Updated February 12, 2019
141 reviews

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3.4
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Macquarie Group Managing Director and CEO Shemara Wikramanayake
Shemara Wikramanayake
2 Ratings

Employee Reviews

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Pros
  • "Good work-life balance (for banking)" (in 91 reviews)

  • "Innovative and fast paced work environment" (in 84 reviews)

Cons
  • "Not much, but sometimes it can skew work/life balance" (in 87 reviews)

  • "Some people may find the long hours difficult" (in 95 reviews)

More Pros and Cons

  1. Featured Review

    "Many opportunities to create impact"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Macquarie Group full-time (More than 3 years)

    Pros

    Autonomy and ability to engage with staff across all levels of the organization. Ability to 'write your own story' of how your career will progress

    Cons

    None specifically - flat structure and ability to contribute at grass roots is something I value - if you prefer a hierarchy and lots of structure in being told what to do and how, this is not the place for you.

    Advice to Management

    Continue to embrace diversity in all its forms!


  2. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Macquarie Group full-time (More than 8 years)

    Pros

    - Flexible working options,
    - Excellent support for mobility (changing teams and/or locations)
    - Management listens to feedback and tries to improve
    - Entrepreneurial mindset: own your career
    - Excellent work culture, great diversity, and respectful environment

    Cons

    - Salary below market
    - Continuous changes in processes, not always clear what management is trying to do
    - Non-standard roles: entrepreneurial mindset sometimes leads to overlapping responsibilities and hybrid roles

  3. "Solid Company and good experience"

    StarStarStarStarStar
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Macquarie Group (More than 3 years)

    Pros

    Good work atmosphere and relatively laid back given the industry

    Cons

    Compensation well under Street averages


  4. Helpful (4)

    "Cheap bank, Sydney-centric, don't believe the rhetoric"

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

    I have been working at Macquarie Group full-time (More than 5 years)

    Pros

    Good culture, friendly people to work with, easy to move geographically, fairly flat organization for a financial services firm

    Cons

    Cheap bank, low pay with terrible bonus retention policy (kicks in at AUD$50k and vests over 4 years), very few direct analyst to associate promotes after year 2, offcycle year end with bonuses paid in May, poor offices, aussies too influential and not any more qualified / talented yet are moved to the US frequently and have an outsized role in leadership (surprising the work ethic and talent isn't better as Macquarie has a very strong brand name in Australia)

    Advice to Management

    You need to spend money if you want to build a brand or retain talent, this isn't Sydney, think with a longer term mindset if you want to build a sustainable business rather than just maximizing profits in the short term


  5. Helpful (3)

    "HR Coordinator"

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

    I have been working at Macquarie Group part-time (More than a year)

    Pros

    The people you work with are fun, and you feel like you're contributing to something bigger than yourself.

    Cons

    Not much opportunity to move up


  6. Helpful (4)

    "Risk Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Macquarie Group full-time (More than 3 years)

    Pros

    Compensation is in line with market for starting employee. Good benefits.
    Great emphasis on integrity/responsibility/accountability from the C-suites.
    The company provides good training for new employees.

    Cons

    Long hour (no surprise here). Lack of recognition of contribution/achievement from upper management.
    Slow to promote and pay increase is subpar compared to the market.
    Lots of politics, favoritism, and some discrimination incidences.
    Core skills of some middle managers are questionable (they got to stay in their job simply because they are good at handling politics)

    Advice to Management

    Recognize talent and give them more responsibilities early to develop their career.


  7. "Lots happening in IT."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Philadelphia, PA
    Current Employee - Senior Manager in Philadelphia, PA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Team members are helpful and friendly. Management supportive of staff stepping up and taking new opportunities. Competitive salary. Diversity and inclusion is a sincere focus. Tech projects are modern and staff can learn new skills.

    Cons

    Scheduling can be challenging for some roles due to time zone differences.
    Australian headquarters means some initiatives roll out there first before other offices.

    Advice to Management

    Keep up the positive changes.

  8. Helpful (12)

    "Avoid Market Operations if you want to"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Houston, TX
    Former Employee - Senior Associate in Houston, TX
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Risk management focus has helped reduce the firms exposure to fines experienced by other investment banks. Ability to be exposed to high level deals and transactions across the firm. Leader in commodities and infrastructure investment banking with high deal flow. Growing reputation and name brand in the US.

    Free breakfast (fruit, full cereal bar, snacks, etc).

    Cons

    Managers and Senior Managers in Market Operations division have not been trained how to properly support the employees that they manage. Toxic environment where management hands off the projects with the highest risk to those below them and the managers are the first to accuse those below them if there are any problems. The training is "on the job" with little to no supervision. Little to no opportunity to advance career in the department. High rate of outsourcing to India, so the job security is uncertain.

    Legacy systems include a mainframe system which is 30 years outdated.

    Lower than industry average bonuses for Senior Associates.

    Advice to Management

    Implement formal training program for every new employee. Train the managers to lead and actively support the team they manage not just delegate and avoid confrontation.

    Create a clear career path with transparent and realistic expectations for new hires.

    Outsourcing and hiring contract workers at below market rates has resulted in high turnover rates, leading to low morale.

    Majority of senior leadership is white, Australian or British, and male. Do not claim you are diverse if diversity does not flow up to the top of the company.


  9. "Macquarie Group"

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

    I have been working at Macquarie Group full-time (More than 10 years)

    Pros

    Global
    Recent Push for Equality and Flexibility
    Internal Mobility
    Good culture
    Stable company to work for

    Cons

    Career growth can be slow if in support roles
    Male Dominant
    Benefits could be better


  10. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Macquarie Group full-time (More than 8 years)

    Pros

    Very entrepreneurial place to work

    Cons

    all in all the time