Wood Mackenzie Reviews

Updated 12 Aug 2020

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3.4
57%
Recommend to a Friend
76%
Approve of CEO
Wood Mackenzie President Neal Anderson
Neal Anderson
58 Ratings
Pros
Cons
  • "Zero career progression (virtually no one goes from non-mgmt to mid-mgmt) and zero salary progression (you are lucky to keep up with inflation)(in 12 reviews)

  • "The fundamental issue is that the parent company Verisk has unrealistic expectations of margins(in 11 reviews)

More Pros and Cons
  1. "Great place to work"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Account Manager in London, England
    Recommends
    Positive Outlook
    No Opinion of CEO

    I worked at Wood Mackenzie full-time for more than 3 years

    Pros

    very nice organzation, good place to learn and grow

    Cons

    a lot of leadership changes

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  2. Helpful (7)

    "A good place to spend a couple of years but new ways of working and no pay rises will likely make you want to move on"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wood Mackenzie full-time

    Pros

    Good research opportunities. Plenty of well informed colleagues, though its questionable if they will give you the time of day to help you learn. You are brought in to do a job, train yourself. A good place to spend a few years in your career if you just want to learn and aren't too fussed about the money Office has (or had ) a quite relaxed atmosphere with casual-ish attire and beers in the office vibes. You won't regret working here, for a short period anyway.

    Cons

    Woodmac is structural messy. Good research work requires either very technical people or lots of low paid minions but Woodmac seems to have ended up with lots of middle managers who fulfill neither role. Therefore Woodmac is stuffed with people who have little to do except bombard each other with emails, and far too few people who are asked to do most of the groundwork. The managers, keen to show how much their team is doing, end up being quite an angry and aggressive bunch overall, as they pressurise their minions into doing lots of work, for not a lot of money. I never really witnessed workplace bullying until I started at Woodmac. Some of the experienced cohort genuinely still believe in the "rule by fear" approach to management, as if they were looking after primary school kids. What happens after you spend a couple of years of hard graft working in said conditions? Well you get a pat on the back and virtually no pay rise (2% maybe). The company has outrageous margins on its employees but is keen to ever decrease its costs. The company sees it as more important to keep its cost base low rather than keep good people. If you want a pay rise, sorry, you should have joined before 2010 when you could have been part of the gang. The revolving door of people leaving isn't an issue, it's a tactic. The reason the company is stuffed with middle managers now is that it made the "mistake" of giving decent pay to people in the past and they all stayed (imagine!). The upper management is a bit of mystery - as if there is a sudden disconnect in the org chart beyond which you have no idea who they are or what they do. Some are totally invisible. A certain someone read in a book that you should shake people's hands at a town hall and thinks that qualifies as enough to be seen as friendly and parochial. The upper management need to be far more visible and engaged with the research. They seem to live in a world of incessant emailing on inane decisions like pointlessly restructuring the business every 6 months. The constant chopping and changing of people at senior level indicates something isn't right in there or the hiring practices are all off. If you pay peanuts, you get monkeys. And Woodmac is happy to have monkeys, preferably data monkeys who can repetitively just update a few spreadsheets every week to feed into the new Lens product, which is quite clear will be used as a tool to lower the needed volume and quality of employees (and lower wages as a result hurrah!). The new "sprint" terminology used on a weekly basis is a psychological catastrophe, which could only be dreamed up by sociopaths. Employees spend every day being harassed as to what they have done yesterday from said cohort of fear-ruling managers. It's not pleasant long-term.

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  3. Helpful (1)

    "Pretty average place to work""

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in London, England

    I worked at Wood Mackenzie full-time for more than 5 years

    Pros

    Good work life balance, some very knowledgeable colleagues

    Cons

    Poor financial compensation, golden boys club

  4. Helpful (2)

    "Great people, shoddy management"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Marketing in Edinburgh, Scotland
    Doesn't Recommend
    Negative Outlook

    I worked at Wood Mackenzie full-time for more than 10 years

    Pros

    The people here are what makes this company - they are intelligent, friendly and loyal folks. I worked with all levels across the company and they are very passionate about what they do. Generally good pay & benefits although decent bonuses are a thing of the past. Good office space and cafe.

    Cons

    Micro managing, empire building and a general lack of trust from higher management - they’re scared you want their job and will (you can) do a better job. Lack of promotion, especially for women - flexible working hours although promoted heavily is not fully supported across the board and part time workers are frowned upon. Big mistrust of HR who are seen as too corporate - there to protect the business but not the people.

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  5. Helpful (13)

    "Woodmac Consulting - Disorganised and unprofessional 'management'"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Consultant 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wood Mackenzie full-time

    Pros

    It's an ok place to learn about the energy industry...

    Cons

    Revolving door of people leaving (below director level) Terrible pay and very poor salary progression (2-3% per year) Low morale No management structure. A haven for some of the most obnoxious and arrogant individuals you will come across at WM, many of whom are old school and totally backward in the way they approach projects, but get away with treating juniors like dirt due to weak leadership. They would likely be taken down a peg or two if they moved to another company; however, this would require them to leave their little fiefdom and do something meaningful with their careers. Throughput my entire time at WM I never really understood (nor was it ever explained to me) what was in it for me...it was always do more, work harder but with poor pay. Doesn't add up. Management doesn't stand firm on its commitments when offering a position or salary - totally unethical and unprofessional in this regard.

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  6. "Exciting long term prospects"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Sales Support in Edinburgh, Scotland
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at Wood Mackenzie full-time for more than 3 years

    Pros

    Really good place to work in terms of being given responsibility to own and deliver things. New product suite is really exciting.

    Cons

    Need to invest more in the tools and capability and attention in terms of underlying business processes

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  7. Helpful (4)

    "Fail to walk the talk"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director, Marketing Operations in London, England
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at Wood Mackenzie full-time

    Pros

    Diverse business operating in interesting markets with a range of challenges to address.

    Cons

    Fail to live up to promises made during recruitment and have little regard for employee development or well being.

  8. Helpful (5)

    "Good, but very top heavy"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in London, England
    Recommends
    Negative Outlook
    No Opinion of CEO

    I worked at Wood Mackenzie full-time for more than 5 years

    Pros

    I really enjoyed my time at Woodmac. Great learning experiences, interesting content and fascinating people to listen to.

    Cons

    You'll note that many people have been there for a long time, especially those that were recruited before the 2014 oil price crash back when Woodmac was a very successful company. Employee retention for those recruited after the price crash is like water through a sieve. Dialogue from senior management good, striving for organic growth, providing career progression. But action is not the same thing as words. Some employees very driven, motivated and inspiring to be around. But it wouldn't be unfair to describe an equal number as being the opposite too.

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  9. "Good company. Could be better."

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Research Associate in Edinburgh, Scotland
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wood Mackenzie full-time for more than a year

    Pros

    Fast paced, challanging, good social.

    Cons

    A lot of hard work for not much reward.

  10. "Decent employer"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Research Analyst in Edinburgh, Scotland
    Doesn't Recommend
    Positive Outlook

    I have been working at Wood Mackenzie full-time for more than 3 years

    Pros

    Exposure to tier one customers, and financial institutions

    Cons

    Lack of progression especially to minorities and LGBT

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