Wood Mackenzie reviews

3.0

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(585 total reviews)
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Jason Liu

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100% positive business outlook

Wood Mackenzie has an employee rating of 3.0 out of 5 stars, based on 585 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Wood Mackenzie employee rating is in line with the average (within 1 standard deviation) for employers within the Management & Beratung industry (3.7 stars).

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585 reviews
2.0
Jan 26, 2015
Recommend
CEO approval
Business Outlook

Pros

-Excellent benefits package (401k, health/dental insurance, vacation allowance) -Pretty casual work environment, filled with generally interesting and smart colleagues -Managers are flexible with what you do with your time. You can take time to do research or write a report on nearly whatever you want, as long as its related to your area and reasonably interesting. Though this isn't quite as good as it once was as we are getting saddled with more and more responsibilities (without any extra pay or thanks) and less time to do the research we want. -Adequate pay (once you take into account the benefits, relaxed environment and often 40-45 hr weeks)

Cons

-Management is a mess. Managers seem to be promoted based mainly on time served and having similar beliefs as existing managers, with qualifications taking a backseat. -Top management is totally focused on a near term IPO so they and other senior employees can cash out, at the expense of current work product. They are trying to do too much and do it too quickly in order to drive growth. -The company operates on an unspoken code of secrecy and things are often on a “need to know” basis and are passed to analysts only once decisions have already been made. -No analyst development programme. Also, goals in performance reviews are rather meaningless as ratings seem to be based on managerial preference and speed of progression between bands is inconsistent between a few chosen analysts and everybody else. -Research turnover has increased significantly in the past couple years which strains already overextended analysts. -Private equity ownership for the past few years has led to severe underinvestment in business processes, which results in inefficiency and an incredible amount of wasted time. The beyond awful IT systems fit in here. I feel bad for the guys responsible for supporting the unstable Jenga tower that is our IT system.

2.0
Jan 8, 2015
Recommend
CEO approval
Business Outlook

Pros

If you are new or inexperienced in the Energy industry Wood Mackenzie is a great stepping stone to help you get up to speed and gain experience.

Cons

It is well known in the third party information space that WM salaries are low compared to their peers. The benefits of the company culture and the exposure to the industry initially out-weighed the lower salary. Just like the other reviewers mentioned the management and senior leadership team is very political and very "good old boy". Despite this I enjoyed my first 2 years until WM was sold to private equity firm H&F. The culture and the direction of the company changed overnight. In order to prepare the business for IPO they relied on consultants to change every part of the business. After the changes the company immediately started to under-perform and miss earnings targets. With private equity money comes greed and that is exactly what happened, the targets and the pricing for the analysis skyrocketed. The changes left everyone across the business units very unhappy and moral was incredibly low. It made for a very miserable working environment. The learning and development completely dried up and the only training that was available was to help you squeeze every last dollar from your clients. Soon company gatherings were nothing more then a venting session for people to express their concerns for the direction of the business.. Management relies on reporting from SFDC and the last year I was there my role was nothing more then a data admin. I could not focus on my job to be in front of clients because I was busy logging meetings and interactions into SF. H&F runs weekly reports through SF and employees across the business who appear to under perform in SF were fired immediately without explanation. Colleagues that I had worked with for years were let go for no real reason other then the business was cost cutting due to over-shot revenue forecasts given by upper management to H&F. HR is also not available to help you with a career path or guidance they are only there to hire new employees. Line managers in Dubai are also not qualified to help in your career path or provide support for your day in day out role. If you are the type that needs this type of guidance then I would avoid the Dubai office. If you work well alone without any input from others then this is the office for you. The Dubai office has a problem with professionalism and often times collegues left feeling very confused about our careers and if it was the right place for us to grow and be successful. I did very much enjoy my time at WM the first 2 years but the last 2 were not pleasant and ultimately it was time to move on. With the company culture completely shifted I would think twice about what you are looking for in a career at WM. There is a reason the turn over is so high.

1.0
Dec 16, 2014
Recommend
CEO approval
Business Outlook

Pros

A couple cool, nice analysts. Decent for the resume. No internet filters.

Cons

Where to begin....this company is just not as advertised. They say they provide a third-party, independent view on the industry when in reality the firm is more concerned about regurgitating whatever the oil companies are saying in an effort to appease their clients. This leads to the viewpoints being safe and behind the curve. By the time Wood Mackenzie says something it is so blatantly obvious to everyone that it means nothing. The company has a serious management problem. The analysts are really the only thing holding this place together. Management is totally out of touch and does not even know how to solve simple problems. Maybe this is because upper management is more concerned about someone's race and gender when considering promotions, instead of intelligence. This company is political and corrupt. Secrecy is common when dealing with basic issues that would be open in any other office environment. My manager was routinely rude to me and would single me out for no reason, this was obvious to all of my teammates. I went to HR to discuss what was happening...and I was fired the next day. Clearly, this place is corrupt. Clearly, this place is not concerned about analysts and their development. Who should work here? Wood Mac is not a career destination, it is more of a stepping stone or resume filler, especially for someone without business experience (geologists, engineers, etc.). Working here straight out of school is a big mistake. There is extremely high turnover here, and if your read what I wrote above I think it should be pretty clear why.

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