Macquarie (USA) Group Selection?
IB
(Chimp, 3
Points)
on 2/27/08 at 5:05am
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
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
Are you given an opportunity to meet with a few members of each group before listing preferences?
I would assume so. I
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.
Mac USA group placement
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.
--There are stupid questions, so think first.
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What is the best group to be
What is the best group to be placed in? Infrastructure? what would second be then?