Macquarie Sucks Customer Reviews and Feedback

From Everything.Sucks

Macquarie Group Limited is an Australian multinational independent investment bank and financial services company. Headquartered and listed in Australia (ASX: MQG), Macquarie employs more than 14,000 staff in 25 countries, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$495 billion in assets under management.

Miss Pat mentioned, "I jumped through many, many hoops in applying for mortgage refinance with Macquarie bank. Supplied them with everything and more. Hours and hours of work. I then withdrew my application after they questioned my 'lack of savings' in a most unprofessional manner, despite my excellent credit and mortgage repayment history. Yeah, sorry, I don't have thousands squirreled away in a bank account for my next overseas holiday, or as a 'buffer'. Everyday living costs a lot. Their staff appear to be sorely lacking in people skills. Thank you but no thank you. I'll take my money elsewhere."

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Exempleado - Asistente Ejecutivo says

"Mal ambiente laboral, no se siguen los lineamientos de conducta, mala convivencia"

Senior Associate (Former Employee) says

"Working here was a nightmare. When I started I never had a starter package of what’s expected of me. 2 years down the line, and everyone that got hired on our team complained about the same thing. There was no direction. The manager for my team was not fit for this job. First of all when I started, I got paid the lowest. After hiring 11 techs after me, they all had little experience, and made more than me. want to believe my manager at the time didn’t like me. Literally everything I did was an issue. He made it an issue on whom I had lunch with. He loved to micromanage. For a while he used to secretly record a teammate of mines and myself just to validate we was doing work. I can go on and on. There was no growth on the team as well. I rarely called out, but when I did, it was for the sake of my daughter. And that was always an issue for my manager, because he was more concerned about who would cover the tech assist desk. When anyone else called out, it wasn’t an issue. Again favoritism. Whenever we had daily catchup, he never had positive feedback. He would have daily catch ups every week to tell us everything we’re doing wrong, despite all the positive feedback we would get from actual users. He had an issue with everything someone did on the team. And this is why there’s a high turnover. In less than 6 months 3 people left and 2 other teammates are currently looking for a job.None what so ever. The company is good, but the team and manager I worked for was horrible.No work life balance when you work for the tech desk in New York. Micromanagement, and favoritism dictates your success."

Impiegato (Former Employee) says

"Un fallimento completo... lascia il mercato italiano poco tempo dopo l'ingresso..."

Vice President (Former Employee) says

"Buyer beware. Compensation practices are borderline criminal"

Operations Administrator (Former Employee) says

"Would recommend avoiding this employer. Has an industry reputation as a place of work that will destroy your life and break up your relationships. Was told regularly not to worry about customer rights as the company wasn't interested in protecting their customers but rather their relationships with other people in the industry. Overtime policy would change with a change of government."

Associate Director (Former Employee) says

"If you're Anglo, you're golden. The culture favors people who are Australians, Anglo ex-pats and / or from countries that were part of the British Commonwealth. Despite its abundant "diversity and inclusion" rhetoric, Macquarie is homogeneous and exclusive. And, although most of its business/profit comes from outside Australia, Sydney has inordinate influence."

Senior Associate Settlements Analyst (Current Employee) says

"We are forbidden to post anything negative about Macquarie on any social media site. I fear that I am unable to post specific details about Macquarie and my experience therebreakfast providedseveral"

Director (Current Employee) says

"Unclear business and hiring strategy. Inexperienced seniors. Office politics, passive aggressive culture. Not meritocracy. Local (Australia) culture. no room for diversity"

Executive Assistant (Former Employee) says

"The North America main office is in New York, and SF is an extension of it. The manager for this position, you never meet, but this person poorly communicates with you, only when there is a problem. The other EA's are helpful, but they are slammed busy too. You are the only EA in SF office, and often just figuring it out. This would be okay, but you have very needy people in this office that are not long on patience. I was thrown into the weeds after the previous EA left, with 1 week of training, to learn many operations. The training while they did their best, there was not a lot of tools to refer back to accept for a screenshot book that really did not help you troubleshoot in the process of using the software. Would have been so helpful if there had been a training video with a reference index as to where to click in the video to find your solution. Having a visual tool would have been really great! The managing directors, for the most part, were okay, but they push for everything and basically, and if you make a mistake, be ready for some rudeness. The associates think of you as a tool in the office to service them solely, as if you really aren't anything important... there is no team spirit here. It's their cohort, and the next cohort and you simply serve them. So, don't think you will feel part of a team, you absolutely won't. Very demanding, very fast pace (which I actually liked). It is intimidating to be managed by someone you have never met, nor has an inviting or warm communication style. Straight up stereotype New Yorker, a no-nonsense type person, so ifPay, Day goes by FAST, benefitsManagement, cheap on resources, everyone working around you and talking over your head as if you are not there, not real support in SF, force yourself to take a break. They don't like overtime."

Post Room Assistant (Former Employee) says

"The management were very bad at macquarie, felt very uncomfortable the way they treated there staff in the mailroom. Would not like to be placed there againGood teamBad management"

Senior Equity Research Associate (Former Employee) says

"Growing enterprise. Will take time to evolve into stable platform."

Senior Manager (Former Employee) says

"poor management, politics and no interest in progressing people. culture of keeping managers happy and not about competence. No career progression, poor bonus and close to nothing."

Executive (Current Employee) says

"Typical investment bank, lots of talk about the type of employer they want to be very little actions taken to get there. Lack of human interaction Lots of egosfree cerealeverything else"

Senior Analyst (Former Employee) says

"a tech-focused company with almost no training to new employees, the management has yet to improve a lot, cross-group communication is not clear to the new-comers."

Equity Trader (Current Employee) says

"great place if you work in Australia for a currently successful department. Otherwise they flip/flop too much. Clients don't trust them. Will never make it in the US."

Senior Operations Lending Manager (Current Employee) says

"staff are wonderful and make you laugh through out the day. management are not approachable or easy to deal with and zero work life balance for staffforced long hours"

Analyst (Former Employee) says

"constant management shuffle and confusing policies that discourage employees; below industry pay; most view the job just as a stepstone for something better"

Investment Banking Analyst (Current Employee) says

"Poor management - managers are unnecessarily punitive regarding any work-related errors but have no interest in mentoring juniors. It is not uncommon to request a day off and alert team members, only to be pulled in to do work anyways. Mid-level managers often shout at juniors on the floor and senior managers make no effort to intervene.Free toast and peanut butter in the pantry"

Vice President (Current Employee) says

"Macquarie is a place that is highly risk averse that boasts its culture and value system but they don't actually do anything about it. Supposedly performance is rated against 14-16 values, but the values aren't used in an honest way. Training is abysmal and analysts tend not to be very good, forcing Associates and VPs to step in a lot more than at other firms. Coverage teams are a joke except possibly gaming and the product group responsible for managing the business can't because of the US head of the group. There is an extreme old boys' club culture and I have seen women at the top throw junior women under the bus for things that aren't their fault. Sometimes they get hit on by clients and neither they nor the men say anything. MDs at the top do not work well together often talking behind each other's backs. It's a shame because the work is actually interesting sometimes and they do test people for emotional intelligence. If they only used emotional intelligence in the way they managed their people and knew how to manage the firm it might actually be better than a typical bank. The most enjoyable part of the job is select people in your class. There were some great mentors as well, but quite a few of them recently left.Free breakfast, Fast-paced environmentUntalented management"

Associate, Investment Banking (Former Employee) says

"Learned a lot about company valuation, modelling, and comparable trading and transaction metrics. Worked on a number of M&A deals and financings."

Senior Finance Associate - Banking Sector (Former Employee) says

"Extremely difficult and most annoying employer of all times. Though pay was excellent and so the work.Pack packageExtended shifts"

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