Macquarie Gaming vs Truist TMT
Which one is better for exit opps? Comp? Culture? Is there a big difference in the 2 firms or group or is one just better than the other by a small margin?
Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
September 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
I agree with some of the other recent threads that Macquarie is still pretty underrated as a bank, would put it above Truist for sure. Don't know about the culture of Macq but I know it's gaming group is historically one of the best non-infra coverage groups (along with S&S/TMT) at the bank and competes with BBs on deals in the space (see the Caesar's Entertainment deal earlier this year for example).
Not too familiar with Truist overall but a lot of the firm is based out of georgia. Again not too familiar with culture or reputation so others feel free to chime in.
imo macquarie is the clear choice but again, maybe others can give more input on Truist
Macq 100%
It seems like Macquarie pay slight less than Truist, is that true?
For base salaries it's pretty much the same except for An3.
An 1/2/3 is 100/105/110 for Truist and 100/105/130 for Macquarie. Associate I believe is 175/200/225 for both.
Historically, I think bonuses at both have been at similar levels (below street) but I saw that Truist paid c.100%+ in 2021 and don't think Macquarie was at that level. Not sure if that will persist though or if it was a one-off. Additionally Macquarie runs on a March fiscal year for everyone so if you stay 2 years as an analyst you'll only get 1.75 bonuses at Macquarie vs. 2 at Truist which runs June to June for Analysts.
I want to point out that gaming in Macquarie do casinos only (or maybe that was the group hiring when I was recruiting). I would confirm that and think if you only want to be limited to this - it is not a good or bad thing just a consideration. Having said that, they have been growing so much and analysts in this group get a lot of responsibility.
There was a thread about low pay at Macquarie, worth checking out.
I heard Truist pay was really good this past year to fight turnover. Also, I know of multiple Truist TMT analysts/associates who lateraled to BBs or reputable MMs.
They’re both solid options but do your full diligence first
Would you say Macquarie is better than Truist by a good margin? IMO they are pretty similar unless it's MacCap Infra. Ideally, if they are pretty much similar for exits, then I would want to go to the firm with higher pay.
I don’t think Macquarie is that much better. They have a reputation of being cheap and you will be working in a very niche market. There is massive opportunity with sports betting being legal but as of today right now TMT definitely seems a better place to start your career.
Inventore sed beatae voluptatem eum animi accusantium vero vel. Quo est accusamus quam. Quo tempora natus velit sed. Blanditiis eaque et aut cum. Ipsa dolor iste qui magnam dolor veniam ut. Facere inventore et quia ut aliquid maiores suscipit. Voluptates delectus id aspernatur id magnam.
Quae perspiciatis dolor aperiam. Cumque et suscipit magnam nostrum. Sint qui placeat ut vero ipsum consectetur fugit. Molestias enim ut unde modi soluta laborum assumenda enim.
Atque dolor rerum quidem. Nobis qui fuga quaerat at vero et hic.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...