Macquarie MIRA in Australia?

Macquarie MIRA, which is an infrastructure PE group AFAIK...anyone know what the standards are to get in in Australia? Is it on par with Investment Banking? Harder? Easier (somehow)?

It seems way better than investment banking, albeit more focused on infrastructure...yet not a lot of people AFAIK know about it. Plus i'm guessing fewer positions overall.

Any perspectives?

 
Best Response

Summer Internships exist for Macquarie MIRA which lead to full-time in Australia. That's the only way 99% of the time for undergrads.

There's only 1 position open but the quality of people who get offers appears lower than Macquarie Capital. I'm in a position where i know the quality of people who gets in...which i still don't get. What @InfraFund says is correct - it is up the food chain, but hey.

 

Summer internships are not intense within MIRA so hard to compare... Analyst life is much more intense than internship life. There are not as many crap tasks to hand out to interns in a fund and the training is not formal or organised.

 

I've been thinking about doing the same thing after completing my MSc next year.

From looking at the bios of people in the top firms (MBB, top BB, prop trading firms), it seems as though a lot of people come from the EU. Not sure if the visa process is easier or something, but I've seen a ton of Oxbridge grads and some LSE people.

I'd love to hear input from someone who knows a bit more about the logistics

 

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