Redundant Macquarie Employee Advises Against The ‘Millionaire’s Factory’

We reported a few weeks ago the news that several junior workers at Macquarie Bank had been made redundant. In response to that post, we received the following scathing comments from an anonymous Macquarie spy:

did i hear you say youre leaving early tonight?

As someone who was ‘moved’ from Macquarie (a week after their ridiculous Christmas party) I can honestly say having Macquarie on your CV was useless unless you are going for a job with Macquarie or another investment bank (do they still exist? – NAB just bought JB Were).

The reputation that permeates in the wider industry is one of arrogance, back stabbing, and no commitment to work life balance (unfortunately this reputation is true). Managers doing interviews with former Mac employees are often afraid that if they hire the upstart from Mac he is going to want their job in 6 months.

If you are not confident of having your job with Mac long term look elsewhere, you will be happier and probably have better career prospects outside of Mac.

Are you happy with your employer? How was your Christmas party?

Send the Firm Spy your news and views!