MasterCard

www.mastercard.com

MasterCard Reviews

Updated 5 March 2015
Updated 5 March 2015
86 Reviews
3.0
86 Reviews
Rating Trends

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Approve of CEO
MasterCard President and CEO Ajay Banga
Ajay Banga
86 Ratings

Review Highlights

Pros
  • The company also has a great culture and most of its employees try to have a good work-life balance (in 45 reviews)

  • Good benefits, good pay, good global exposure but still very beaurocratic and "meeting heavy" (in 21 reviews)


Cons
  • Forget about work life balance that they preach on paper but do not put in practice (in 12 reviews)

  • No priorities at the senior management level (need to be everything to everyone) and execution is unrealistic (in 11 reviews)

More Highlights

86 Employee Reviews Back to all Reviews

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  1.  

    Wierd

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at MasterCard

    Pros

    Nice office location at Purchase, great cafeteria. Offices could use updating - its like a step back into the 70's

    Cons

    Like most large firms it doesnt live what it preaches. Poor management skills are tolerated if the person is senior because it would cost to much to fire them but people further down the food chain are expendable. If you have tenure you are less likely to be fired for poor performance but instead shuffled around the company into a new role

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Overall it is a thorough internship program, and interns are presented with different opportunities and projects.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Merchant Consulting in Purchase, NY (US)
    Former Intern - Merchant Consulting in Purchase, NY (US)

    I worked at MasterCard as an intern (less than a year)

    Pros

    Good work life balance, everyone is encouraged to meet and network within the firm.

    Cons

    The culture is relatively lax. Smart and efficient employees are not properly rewarded while others aren't as good are not criticized either.

    Advice to ManagementAdvice

    Hire some better people and raise compensation, especially since the company is in Purchase and not NYC.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Good Company!

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at MasterCard

    Pros

    Innovative company to work for

    Cons

    Some departments are still old style

    Advice to ManagementAdvice

    Not much

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    I am working as performance and load tester.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Quality Assurance Analyst in Vadodara (India)
    Current Employee - Software Quality Assurance Analyst in Vadodara (India)

    I have been working at MasterCard full-time (more than 3 years)

    Pros

    Good welfare policies for employees.

    Cons

    Not known as of now.

    Advice to ManagementAdvice

    No advice as of now.

    Recommends
    Neutral Outlook

    MasterCard Response

    Feb 23, 2015VP, Employer Brand Marketing

    Thanks for your feedback - it is so helpful to hear first- hand from our global community!

  6. 1 person found this helpful  

    Growing Company, Changing Culture

    Current Employee - Leader in Purchase, NY (US)
    Current Employee - Leader in Purchase, NY (US)

    I have been working at MasterCard full-time

    Pros

    Company continues to grow, C-suite executives are relatively accessible and they encourage employees to rotate across different business areas, which offers the opportunity to take your career in different directions.

    Cons

    The company is trying to change its culture to align itself more with other technology companies but the process is going through growing pains. Inconsistent titles relative to experience across various groups and work-life balance can vary greatly across groups.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Accountable, but no authority

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at MasterCard full-time (more than 3 years)

    Pros

    * Many good people there
    * Opportunities for advancement
    * Growing company
    * Great compensation package

    Cons

    * Conservative executive team
    * Slow to make decisions
    * Too top position heavy
    * Difficult to navigate through politics

    Doesn't Recommend
    Positive Outlook
  8. 3 people found this helpful  

    Nice from the outside but scratch beneath the surface there are a lot of problems

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MasterCard

    Pros

    Good pay
    Nice colleagues
    FIFA and Snooker
    Mobility

    Cons

    Under experienced and undertrained management, can make your life a misery!!!
    HR more interested in brushing problems under the caret than to try and sort anything out. This alone would be a reason to avoid working in this office.
    Big issues between the EU and US, very much a turf war. Felt like the Dublin office was the child stuck in the middle of two fighting parents.
    No career opportunities, forget moving up the ladder unless you want to move out of the country

    Advice to ManagementAdvice

    Train your managers.
    From the management reviews of managers actually take action when they are been ranked low and not ignore it.
    Start promoting on results and not who's the group heads favourite
    When issues arise take action and don't ignore them

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Good company to work for if you're in the right department & role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Marketing Executive in Singapore (Singapore)
    Current Contractor - Marketing Executive in Singapore (Singapore)

    I have been working at MasterCard as a contractor (more than 3 years)

    Pros

    Work life balance (Depending on the role)
    Good salary & benefits (For full time staff)
    Interesting industry to be in
    Strong CEO

    Cons

    Inter-Department politics
    Weak business processes - especially in HR
    Terrible career advancement opportunities & proper structure
    Limited training opportunities - only available to the interns or management associates
    Does not value the contract staff - no conversion opportunities. treated like 2nd rate staff on many fronts
    No headcount when more people are obviously required to
    Top heavy structure - compromises on execution
    Passing over internal talent & hiring outside the company for senior positions

    Advice to ManagementAdvice

    Cherish your contract staff - there is talent there.
    Expand & hire more 'low level' staff to boost execution.
    Explore placing a mandatory 6 month swop between certain departments to promote understanding & minimize politics
    HR needs to increase their effectiveness & do things that truly matter to people - proper onboarding processes, providing the necessary support, training & career guidance etc.
    Pay attention to the feedback

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Very capable leadership. However, HR is non-existent, hence career growth depends on line managers entirely

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at MasterCard

    Pros

    Good leadership, Motivating vision, High flexibility

    Cons

    No structured career development process
    Tendency to recruit people from outside rather than offer internal movements

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11. 4 people found this helpful  

    Great Company To Work For With A Few Major Flaws

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Management Senior Specialist in Saint Louis, MO (US)
    Former Employee - Project Management Senior Specialist in Saint Louis, MO (US)

    I worked at MasterCard full-time (more than 3 years)

    Pros

    MasterCard is a very forward thinking company. I found my time there extremely enjoyable and one where business groups got along and collaborative efforts between departments were encouraged. That old cliche of employees feeling like family actually had some substance here as a good number of people whom I worked with in my department and across a variety of business groups have been with the company for many years. They do hire contractors on as perm employees. Good number of extra office activities also are a bonus. Free tickets, shows, and lunches are often comped.

    Cons

    The most noticeable and ever present negative to this wonderful company is that the pay rate for managers, analysts, VP's, and technical specialists tends to be somewhere around 30% below the national average for matching roles (this is applicable for the U.S. market only although I have been told this trend is a global one by more distant contacts). This nugget of knowledge is well known within and without the organization. Recruiters and Talent Sourcing Teams often have to set expectations low for new talent and raises and bonuses are not common in North America. I have seen a great number of professionals leave as a result of being way undervalued. I admit that I left for this same reason and this was my most cherished job in my career. A very painful decision for myself and those who left before and after my time. A second equally damaging negative I have seen first hand and continue to hear to this day is that the Latin America division of MasterCard has some deceptive practices when it comes to offering positions and then rescinding them at the last minute. A very close colleague of mine and another former co-worker known to me reported having been offered positions only to never receive callbacks or being placed in the position of turning down other work opportunities in light of being told they had secured a position with MasterCard only to never receive a start date or full offer letter. This is really upsetting as I love this company but I have seen this practice happen to others and have heard that within LATAM this is commonplace.

    Advice to ManagementAdvice

    Recognize you are failing to retain good talent and your low pay rates discourage new hires who are the future of your company.
    Better efforts need to be made with regards to false promises made by VP's and their direct reports with regards to offering positions to potential workers and then going back on their word and not following through. It is a cheap tatic that effects the lives of people who are trying to gain employment with your company and may result in tricky litigation if not properly supervised.

    Recommends
    Neutral Outlook

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