Macquarie

they compete with BB's in Australia/HK, but are on a par below the BB. If you can get in their infrastructure fund management group, you'd be in a good place.

Macquarie is really good. Yes, there is some IBD but I believe it's almost a front as there is a lot of merchant banking and private equity work (especially in power/energy/infrastructure space). They usually pay above the Street.

Do a thread search -- it will help.

One do a thread search, and two PM me with specific questions.

In Oz, they and Goldman are to cocks of the walk. In the states its a hybrid between PE and Banking. Above street pay, less than street hours, a bunch of Aussies so its pretty laid back.

Power Monkey does not know what he/she is talking about at all. Maybe GS is top 5 in Aussie, but UBS is a head and shoulders ahead of Macquarie and they are head and shoulders ahead of GS in Aus.

Macquarie is as much a client as it is a competitor. UBS is head and shoulders above GS - absolutely no comparison.

Top tier in Australia is clearly Macquarie and UBS.

I'm not so sure Macquarie pays above the street in the US. I have some friends there who have specifically commented (negatively) about pay, and who are getting crushed hours-wise.....

On skins1:

On the issue of pay, let me expand slightly. Macquarie pays above street base salaries, and has over the past few years paid above street bonuses as well. This year, bonuses seemed like they were crappy, especially at the 2nd year analyst/1st year associate type levels.

That is, until the street numbers actually came out on 2nd/3rd year analyst numbers. Top tier 2nd year bonuses this year at a number of firms were lower than top tier first year bonuses last year. So, you could be quite upset by your number with a March year end until you found out just recently what street really was.

As I have said before, bonus pay at Mac really depends on so much more then at other firms (its not just a banding its also group, deals, etc) because it is ostensibly "profit share."

To the hours, well if you are working on very live deals, you work hard that's the way it goes. When your deals are in a lull, you don't work so much.

powermonkey, can we get some hard numbers on bonuses at Macquarie for this year? maybe for 1st and 2nd year analysts and 1st year associates, or whatever numbers you know. also, are first year bonuses pro-rated due to the march pay date? thanks.

Bonuses are prorated based on everything. So, if you work 5 days in Australia during the year and then transfer to the US you will get a bonus based on that, then a 360 day bonus for America. So, first years and new hires get bonuses based on their exact start date (very different from most firms).

Some first years got as much as 70k annualized, but this obviously depended on the time they were at Macquarie. Macquarie is much more open to flexible start dates as the training program is held year round and can be taken after working for awhile. This means there were first years with 6 months and first years with a full year behind them.

Macquarie this year paid experienced analysts (people who got their promotion to associate at the same time as their bonuses) 70k-95k (annualized). Some of these people were in their third year of banking, some their second. Salary varies widely for people in this position as well from 70k-90k (depending on exactly how you came into Macquarie and into the position).

Any idea on their Canadian operations in Toronto? I want to go into infrastructure in the long-run, seems like the right place to start.

The Canadian offices are quite resources focused I think.