Macquarie Capital summer internship hours?
anyone know what the typical hours are for interns at maccap? I heard it's less than what most BB require
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Probably 40-60 hours a week. I believe most of their bonuses were under 10k last year (there was a post on here with a guy from Macq, maybe he will chime in).
^You ignoramus. STFU
No ibankers work 40-60.
Based on the size of the bonus, I don't think they expect you to work more than 30 hours a week.
Macq and rbs both have abysmal bonuses, I wouldn't work more than 30 hours a week either.
The ShitHead. You are right. They probably work 20 hours at the bank we are talking about.
boutiquebank4life is the ignoramus. Why don't you make a comment if you ever get into the industry.
//www.wallstreetoasis.com/forums/offer-picking-rbs-ibd-vs-gs-gir
http://dealbook.blogs.nytimes.com/2010/06/08/millionaires-said-to-consi…
It depends on which desk you get on. You get put on a coverage group, you'll be working 80+ hours and weekends.
You should expect to work for at least 80-90 hours in the industry groups.
Coverage:
Industrials tops the list but is also arguably the best group there now, moreso than Infra; expect 80+, with some past SAs topping 100 hours a couple weeks.
TMET crushes SAs too, but more from hardcore ex-LEH guys than dealflow; a lot of pitching, but interesting focuses (satellite, wireless towers, some cleantech, etc). 85-90 average from SAs last summer.
Infra, FIG, and RE are probably next, in descending order, and have beefed up Energy team so expect those hours to rise.
Product groups:
All generally 70ish hours although LevFin dealflow has picked up in the last couple months; probably will be higher and more than ECM.
Macquarie SA hours? (Originally Posted: 05/05/2010)
does anyone know how many hours/week an SA at Macquarie can expect to work? I got the impression it was less than BB
Based on FT bonus numbers posted here I would hope so.
Lol. I would hope so too.
The FT people I know there work about the same. Can't really speak to SA.
^LOL
i don't know about IBD but their BO was very laid back.
On the topic of Macquarie:
Does anyone know if the Sydney/Auckland offices have a second summer intern program for Northern Hemisphere students? Their typical "Summer Vacation Program" is like December-February, but has anyone heard of them taking on interns in their winter (our summer)? or do they subjugate all the Americans to NYC?
I ask because the only time I'd ever want to work at Macquarie is if I were in A/NZ, where their presence is stronger.
Nope. No winter interns for Australian IBD. Summer vac program runs over the Australian university summer break (Dec-Feb usually). And you have to have an Australian work permit (usually residency) to do an internship in Australia.
i interviewed with Macquarie before, one analyst told me they were more laid back than BBs, and she was surprised at my work hours in other banks.
I am not sure where some of you are getting your information but an IBD analyst at Macquarie easily puts in a 90+ hour week. Most groups have had trouble hiring after a couple of years of embarrasing pay which has created an understaffed and overworked situation.
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