Macquarie Superday
I've got a Superday with Macquarie coming up next week and was hoping you guys could give some insight as to what I should expect. I've heard they can get pretty technical, but I'd assume they ask typical I-banking questions as well.
I know they're trying to move away from the strictly infrastructure investing and expand into more MM advisory, but should I still know about valuing toll roads, infrastructure etc.? Any info is greatly appreciated.
Quick, two 45 minute interviews. Fairly technical. They like to ask about valuing utilities, so know a bit about that. Also know about market trends, especially in the debt markets.
You'll get some not-so technical ques as well, like why asset mgt and not pvt wealth mgt e.g? so be prepared
Just to be clear, it's an interview for their capital advisors group, not funds, so I'm not sure if they'd ask about asset management vs. pvt wealth.
Does anyone know of any resources/websites that explain how to value a utility?
Also, should I expect a few brainteasers as well?
I interviewed with cap advisors. I had a definite "bad-cop" associate grill me on technicals related to my experience and in general. Also had a probability question during the interview. Main thing is to keep your cool. Of course, I was interviewed by several others as well. Hope this helps.
bobbylou,
By technicals do you mean valuation-type stuff, accounting, LBO, etc. Could you maybe be a bit more specific?
Also, is a probability-type question, i.e. expected value or something like that pretty standard for MacCap interviews?
Standard DCF questions, accounting, and other questions related to calculating/assessing risk of cash flows. I was asked to determine, between Project A and B, what project to invest in based on the cash flows and their risk profile.
From what I heard, probability questions at Macq interviews are certainly not uncommon. The interviewer ran me a non-finance related scenario of a series of events happening, and asked me to determine the probability of X occurring. So brush up on your decision tree probability analysis.
They love to make you really think. If you do a search on this forum, there were a lot of good topics that helped me during my interview with them.
Hope this helps. Good luck.
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