Macquarie Group reviews

3.6

67% would recommend to a friend

(4,950 total reviews)
avatar

Shemara Wikramanayake

85% approve of CEO

64% positive business outlook

Macquarie Group has an employee rating of 3.6 out of 5 stars, based on 4,950 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Macquarie Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

5K reviews
1.0
Apr 3, 2018
Recommend
CEO approval
Business Outlook

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.

1.0
Sep 25, 2016
Recommend
CEO approval
Business Outlook

Pros

Fruit delivered each day. Cheap vending machines. Nice people for the most part. Very nice hours. Good salary. Very good profit share. Some teams work well together.

Cons

Leadership is one of the worst I have seen in my whole career. And I have been in a lot of organizations. Dysfunctional environment. Employees beaten down and demoralized. Everyone wants to leave. Only a matter of time. No one has been promoted to AD in years. What is the point of working hard? Director is a bully.

1.0
Mar 1, 2022

Operations in Houston

Recommend
CEO approval
Business Outlook

Pros

Fresh fruit at breakfast, and free La Croix. Employee assistance program

Cons

I should have listened to my gut the first month of being at Macquarie. My experience here was one that still haunts me and if I could go back in time I would have quit much sooner. I rather work two part time jobs than work at Macquarie. The workload is enormous and the way this is communicated in the interview is "we like to run a lean team." Lean meaning you'll be so stressed out you'll need to take full advantage of the employee assistance program they have available. Middle management presses all low tier employees to get "operating excellence" hours meaning side projects that keep you working late into the night or coming in on the weekends. Also, mistakes are not allowed. I was once told that I had to be "perfect" I laughed at that and no one else did. Please do not go work at Macquarie if you care about your mental, physical, and emotional wellbeing. They also mentioned 20% bonuses at one point as I was being recruited, my biggest bonus during my time there was 2.1%. Macquarie is a brutal, cut-throat bank run the rich that stomp on the lower tier employees. The only way to get ahead is to be Australian. Run for your life from this company and never look back.

avatar
Macquarie Group Response
4y
We’re sorry to read your review of Macquarie. The wellbeing of our people is important to us, and we aim to ensure that our employee experience is positive for everyone. We welcome an opportunity to discuss your feedback with you to reach out to careers@macquarie.com for us to arrange a time to speak.
Viewing 1 - 3 of 4,950 Reviews

Glassdoor has 5,645 Macquarie Group reviews submitted anonymously by Macquarie Group employees. Read employee reviews and ratings on Glassdoor to decide if Macquarie Group is right for you.