Macquarie Group Reviews | Glassdoor

Macquarie Group Reviews

Updated August 12, 2018
138 reviews

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3.5
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Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
75 Ratings

138 Employee Reviews

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Pros
  • "Inclusive workplace; Great working environment attitude; good work life balance" (in 77 reviews)

  • "Innovative and fast paced work environment" (in 77 reviews)

Cons
  • "Work life balance challenging at times" (in 79 reviews)

  • "Long hours during peak periods although unsurprising for the industry" (in 83 reviews)

More Pros and Cons

  1. Featured Review

    "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.


  2. "Intern"

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

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

    Pros

    Great atmosphere and culture, the office was a great space to work even if it was in finance

    Cons

    Long hours and low bonus compared to the other investment banks

  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


  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.


  5. Helpful (8)

    "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.


  6. "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


  7. "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

  8. "Great company"

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

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

    Pros

    Entrepreneurial in nature and smart people.

    Cons

    Timezone issues in the US summer. You must be amenable / flexible enough to have numerous late night calls due to time difference between Australia and USA.


  9. Helpful (13)

    "Great Comp, but Avoid if You are Concerned with Laws or Regulatory Compliance"

    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
    Positive Outlook
    Approves of CEO

    I worked at Macquarie Group full-time

    Pros

    Stunning office space, friendly people, great social events, typically get raises every year (even with average performance), firm continues to earn record-breaking profits every year, very positive future potential for a rapid-expanding business.

    Cons

    Horrific work-life-balance for US, as you'll need to work Sydney hours 3+ days a week, complete disregard for US regulatory environment (they are disregarding SEC, FINRA, and GLBA rules every day without concern), pre-Lehman risk management mindset ("We don't have to worry about XX, because XX has never happened to Macquarie"), out-dated end-user technology (no BYOD, you are required to carry a Macquarie laptop and Macquarie iPhone), too many lifers (they have only worked at Macquarie, so they don't know what established banks have done to solve problems), pretentious working environment ("Macquarie is special"), entirely disinterested in learning from mistakes of others ("it can never happen here, we're special"), complete inconsistency across different locations (no global standards), most decisions come handed down from Sydney (again, by people who haven't worked at other banks or haven't worked anywhere but other Australian retail banks), expects employees (of all levels) to fly economy class from New York to Sydney.

    Advice to Management

    When you hire experienced people who work at other firms, listen to them. Many of the problems you are dealing with are not new and have been solved elsewhere. Also, telling employees to fly economy class from New York to Sydney is exceptionally offensive, especially when you have an annual party budget for internal employee events of well above of $2MM.


  10. Helpful (6)

    "Good and bad"

    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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Learn a ton, lots of opportunity for those who take initiative. Did I mention learn a ton? Good culture, sort of work hard/play hard. Working more on transparency around senior decisions, both process and outcome.

    Cons

    Won't promote Americans or have senior positions in the US. Not transparent on money. Definitely hard to get promoted as a woman. Can be very difficult to get things done because not enough people to do the work.

    Advice to Management

    stop skimping to save a couple of bucks on projects where huge value could be added if more and adequate resources were thrown into it


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