Macquarie Group reviews

- Progression is slow to non existent depending on what area you’re in. A lot of it is dependent on politics regardless of your competency. - Pay is pretty bad for a huge name unless you are in C suite, in which case, “Millionaire’s Factory” is appropriate but for most people, don't even expect salary to keep up with inflation. - Lack of flexibility with work arrangements even if you are in middle or back office.

Not necessarily cons but some general thoughts that may be useful for others to consider before joining: - Leadership positions and pay feel heavily skewed towards tenure in a given team. As a result of this, internal transfers (and organizational restructures) may 'reset' any accumulated progress towards promotions. I have seen competent people held at the same level for 3-4 years, seemingly only because they were shuffled around new leadership umbrellas every 8-9 months. - Lateral experience in general feels like it is excessively discounted. The phrase 'you only have X years of experience doing THIS job' is very common as an explanation for slow progression in both seniority and pay. The 'safe' path might be to stay under a single senior leader and do the same job for as long as possible. - HR seemed to be extremely well trained in negotiating people down on pay; I heard of many people taking pay cuts from other reputable past employers to join Macquarie. - Just to touch on work life balance, the firm definitely suits those who view longer hours without pay as an investment in their own professional development. If you're looking for a 'good' effort:pay ratio, you will most likely end up extremely disappointed as pay might feel more correlated with tenure than merit when rem cycles come around.