Macquarie Group Reviews | Glassdoor

Macquarie Group Reviews

Updated May 16, 2018
137 reviews

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3.6
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Macquarie Group Managing Director and CEO Nicholas W. Moore
Nicholas W. Moore
74 Ratings

137 Employee Reviews

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Pros
  • Inclusive workplace; Great working environment attitude; good work life balance (in 76 reviews)

  • Fantastic culture and work environment (in 74 reviews)

Cons
  • Work life balance to be improved (in 80 reviews)

  • Long hours during peak periods although unsurprising for the industry (in 82 reviews)

More Pros and Cons

  1. "Associate Director"

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

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

    Pros

    Great organization. Good long term strategy

    Cons

    Equities franchise is not the focus of senior management


  2. Helpful (1)

    "Good company low bonuses"

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

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

    Pros

    Work life balance.
    Not cut throat.
    Nice snack bar in office.
    Time is given to learn the infrastructure and get comfortable with workplace.
    Base salary is at par or better than competitors

    Cons

    Slow upward growth, fewer promotion opportunities once you hit mid level, lot of focus on offshoring, low/very low bonus / profit sharing for technology/operations.
    No Salary increase for many many years once you hit mid level.

    Advice to Management

    Stop saying that technology is backbone of company when you don’t share profit with tech employees even on a record profitable year.

  3. Helpful (1)

    "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.


  4. "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


  5. "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


  6. "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.


  7. Helpful (10)

    "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.

  8. Helpful (5)

    "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


  9. "You can own your career here"

    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

    Entrepreneurial spirit.
    Innovative and extremely diverse range of global products and services.
    Working hard to positively progress inclusion and diversity of workforce

    Cons

    Regional challenges with head office time zone


  10. "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


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