Macquarie Group Placement
I was wondering if anyone had any experience with Macquarie group placement and could give me some advice for summer. I know the infrastructure is very well regarded, but I was wondering if the Principal Transaction Group is better as it is very similar to PE. I want to make sure to join the group that best sets up their analysts for the future. Thanks for the help.
Pick Infrastructure, it is their best group.
That what I was thinking too, but I do not want to be pigeon holed in this industry group, especially if I end up not liking it. I mentioned the PTG group because a lot of their work is similar to pe work and something I am potentially interested in the future. However, there may be no opportunity within ptg to pe since it is not well known. Any thoughts on this?
I agree there is the risk to be pigeon holed into infrastructure. I gave a look into PTG, they invest across the capital structure but I see they have done mostly hybrid debt investments. It looks solid and it would give you a more diverse experience than infrastructure even though it is not as well regarded.
Interested as well
NYC?
Only group I know of is FIG. They're a pretty chill team.
bump
Infra is strong but if you're focused on exits, you'll probably only get really good looks at infra/energy funds rather than "traditional PE." Nothing wrong with infra investing, but think about if it's something you can find yourself interest in for many years.
LevFin/Sponsors probably places decently well since Macquarie's started to climb the levfin league tables. Won't get as much M&A or modeling exposure, though.
PTG does seems to do "weirder" stuff than a typical control equity investment, but I'm sure you can spin a story about investing experience in interviews. Given the nature of their work, likely to be a modeling-intensive role.
This is all if "sets your up for your future" = buyside exit opps. Macquarie is also one of those firms that's big on retaining talent/promoting from within so consider if you can imagine yourself sticking around in banking for a while. If so, you'll definitely want to consider how you get along with your team, what industries interest you, and which ones you see interesting long-term prospects for. Do you want to be covering clients and working advisory angles or focus on looking at investment opportunities?
Macquarie (USA) Group Selection? (Originally Posted: 02/27/2008)
To Full-timers who are joining Macquarie for Summer 2008:
Anyone know when and how analysts get placed into groups?
In Australia (I'd assume its the same for USA), soon before your internship starts you are asked for your group preferences. HR places you in groups depending on your preferences, where your interviewers thought you should go, and where HR thinks you should go. The group then takes a look at your CV and decides if they want you or not.
Are you given an opportunity to meet with a few members of each group before listing preferences?
I would assume so. I haven't accepted my offer yet and I have all the guys I interviewed with calling me for lunch. They seem like they are really flexible and open to letting you do what you want. For the summer, although you are placed in a group, it is my understanding that you are more of a generalist.
There isn't a similar system to the BBs at Mac for group placement. In general, there is no formal ranking system, networking events, etc. Instead they ask you if there is anything specific that you are interested in and staff you as needed into appropriate teams. While all analysts used to be much more generalist, as Mac grows analysts are starting to remain in their groups for longer. So, while a year ago most analysts could float between groups after every deal (call it every 4 months or so), now its more like after a year (unless you are really unhappy).
Since Mac doesn't really do external advisory (pitching), staffing is much more deal focused. The head of business dev wanders around and if he thinks you are being under-utilized you may be taken out of your group and placed onto a deal team that needs help.
To sum up, for your first little bit (month or so), you will be a generalist helping out around wherever needed. Once you get staffed on a big deal, that will pretty much determine what group you are in for the next year.
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