MasterCard

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MasterCard Reviews

Updated 27 August 2014
Updated 27 August 2014
279 Reviews

3.8
279 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
MasterCard President and CEO Ajay Banga
Ajay Banga
182 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 39 reviews)

  • Good benefits, good pay, good global exposure but still very beaurocratic and "meeting heavy" (in 19 reviews)


Cons
  • Forget about work life balance that they preach on paper but do not put in practice (in 9 reviews)

  • There is a barrier with middle management - the top is visible and engaged but info stops in the middle (in 9 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Leader  in  Purchase, NY (US)
    Current Employee - Leader in Purchase, NY (US)

    I have been working at MasterCard full-time for less than a year

    Pros

    MasterCard has a lot of employees who know a great deal about the payment industry. The company is also investing a lot in the training of its staff. It's a great place to learn a lot.

    The company also has a great culture and most of its employees try to have a good work-life balance.

    Cons

    The location is not great. The company could have a more flexible work from home policy. There are a lot of meetings and a limited sense of accountability at times. It's sometimes challenging to act swiftly.

    Recommends
    Positive Outlook
    Approves of CEO

    MasterCard Response

    May 13, 2014VP, Employer Brand Marketing

    Thanks for taking the time to review your experience thus far!

  2. 1 person found this helpful  

    Political powerhouse - HR corruption.

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

    I worked at MasterCard full-time for more than 3 years

    Pros

    Depending on who you work for, this can be a great experience. Ajay Banga changed the place for the most part so now it's more innovative and people are more hardworking.

    Cons

    There is tremendous corruption in HR. A few people have been there too long and have way too much power. Way too many layers, VPs are a dime a dozen.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Stable company but that's it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Leader  in  Purchase, NY (US)
    Current Employee - Business Leader in Purchase, NY (US)

    I have been working at MasterCard full-time for more than 5 years

    Pros

    Stable company, they will be around for a while and are profitable.

    Cons

    Compensation is below average, and opportunities for advancement are few and far between.

    Advice to ManagementAdvice

    Provide actual incentives for lateral moves (saying that you are getting new skills doesn't work when the hiring managers are not willing to hire someone without years of experience doing everything in the job description) and stop telling hiring managers to only hire externally.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Uncompetitive in Canada

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Toronto, ON (Canada)
    Former Employee - Vice President in Toronto, ON (Canada)

    I worked at MasterCard full-time for more than 3 years

    Pros

    Come talented people
    Good industry to work in
    Good focus on innovation

    Cons

    Canadian leadership is incompetent
    Sales and client management teams are was behind market leaders, Amex and VISA
    Leadership not able to drive improvement

    Advice to ManagementAdvice

    Take advantage of the talent that the organization already has to close key gaps in sales and client management
    Address the competitive losing streak and develop a strategy to start winning again
    Make "focus on the customer" more than just something you say

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    Good place to work

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

    I worked at MasterCard full-time for more than a year

    Pros

    good benefits, nice profit sharing plan

    Cons

    ineffective managers, requires face time

    Advice to ManagementAdvice

    listen

    Recommends
    Disapproves of CEO
  7. 2 people found this helpful  

    Great company culture

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

    I worked at MasterCard as a contractor for less than a year

    Pros

    -Very positive environment, friendly people, beautiful headquarters in Purchase. Good/cheap cafeteria with healthy food, and a gym on site. They're very much trying to make a 'Google vibe' there, i.e., they just put in scooters to ride around the office.

    -Smart coworkers top-to-bottom. Most of the young grads went to very good universities.

    -Solid work/life balance. Not many people working insane hours.

    -Stock has been on a roll the last couple years. Wonder how much longer that lasts.

    -The company, with their 'MasterCard Labs', is really commited to creating technologically revolutionary products, even if they don't financially benefit the company anytime soon.

    Cons

    -It seemed like a lot of young workers were leaving for AmEx and better paying jobs.

    -Very rigid, old-fashioned military-style 'pay-scale'. Can be frustrating that pay and positions are so rigidly defined.

    -The public transit commute out to Purchase from the city can take 90 minutes door to desk. This certainly discourages city-livers from joining. The company is trying to rectify this by opening an office in Manhattan (Union Square) and by allowing more remote work.

    Advice to ManagementAdvice

    -Seems like a lot of young workers leave after a year or two for higher paying opportunities at other firms. Not sure if this is actually that much of a problem, perhaps.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    working as a contractor at MasterCard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Systems Analyst  in  O'Fallon, MO (US)
    Former Employee - Senior Systems Analyst in O'Fallon, MO (US)

    I worked at MasterCard as a contractor for less than a year

    Pros

    They are very flexible in work hours, dress.

    Cons

    Your management may change due to reorgs or project.

    Advice to ManagementAdvice

    The are not consistent on how they treat contractors. My first manager treated me as an employee - 1 on 1's and provided training. My second manager really spent no time with me.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    MasterCard - a glocal company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  Warsaw (Poland)
    Current Employee - Director in Warsaw (Poland)

    I have been working at MasterCard full-time for more than 5 years

    Pros

    MasterCard is a global company however it gives a considerable degree of trust towards local country offices with regards to business strategy and decision making.

    Cons

    There is not enough of growth/promotion opportunities for empolyees of the local country offices as opposed to global and regional headquarters.

    Advice to ManagementAdvice

    The strategy for promoting and growing people as well as possible employees relocation should be revised.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Former Employee

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

    I worked at MasterCard full-time for more than 5 years

    Pros

    Many great people, nice benefits, good physical environment - interesting work.

    Cons

    Politics can be very frustrating, some internal management promotions are very questionable! The work life ratio can be extremely unbalanced - depending upon specific managers. Yearly reviews are skewed - above average ratings are not necessarily based on performance - but rather on the clique and opportunities management assigned.

    Advice to ManagementAdvice

    Take a closer look at the internal promotion and good old boy network. Review the yearly performance rating policies.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Great company, solid future

    • 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 full-time for more than 5 years

    Pros

    Market place is always changing and evolving so no opportunity to get bored.
    Comp seems to be in line or a little above average

    Cons

    CEO and one level down need to get more in touch with the rest of the company and stop believing their own hype. Tricky given the amount of comp they receive and probably no worse than elsewhere but seems to be getting worse.

    Advice to ManagementAdvice

    Start listening more.

    Recommends
    Positive Outlook
    No opinion of CEO

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