Any insights on Macquarie S&T?
I'm likely to receive an offer at Macquarie for a rotational S&T summer internship. It seemed like a cool firm with a good culture and I'm excited for the opportunity. I was just wondering if anyone could provide me any more info about the firm. What are the best desks to join? How is the firm seen on the street? Will I be able to jump to another bank with relative ease if need be? The analyst class will be tiny (10) too. Do you think this is a good thing (i.e. less competition for spots) or does it show that they don't have the resources to hire more? At the info session they kept saying that one of the things that works in the benefit of the firm is that they're nimble and can move resources with ease - but to me that sounds like low job security.
Thanks for any insights/advice, much appreciated.
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Do you have any idea what business line within CGM? Commodities? Fixed income? Equities? Who have you interviewed with?
New York office, all business lines I guess
Do you have any idea what business line within CGM? Commodities? Fixed income? Equities? Who have you interviewed with?
I worked at Macquarie as a Sales Intern for the first two years of my career (in Commodities, based in London, started mid 2000s), and pondered over the same questions as you - without anyone to answer them, I went for it anyway. The best way I can describe my experience was as a 'great school'. It is true, they didn't have the best traders, the best managers, the best customers, the best risk appetite or the best reputation in the market. That said, I can say the following with confidence:
In the interests of fairness, I would note the following cons: - Expect to have to say 'Macquarie, you know, the Australian Bank' when people ask where you work, unless you're actually in Australia - Pay is a little underwhelming compared to your peers - but honestly, anyone who thinks the disparity will be that big in the first couple of years is wrong, IMO - Their risk appetite, lending appetite etc means you will probably gain less exposure to some of the whale trades that still go through commodity markets every now and again (ignore if you're not in Commods)
Good luck
Great, thanks for the comment.
How's Macquarie doing? (Sales & Trading) & Bonus in 2012 and 13? (Originally Posted: 02/10/2014)
Hey guys,
How's Macquarie S&T doing? Specifically Institutional Equity S&T in US.
Heard lot of bad news, mostly about bonus.
Anyone knows anything about the above?
Please help!
Thanks
bump
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Macquarie S&T in London (Originally Posted: 08/31/2014)
Any one have any opinions on them??
Yes.
Would be helpful if you actually take some efforts and are a bit more specific.
Macquarie S&T? (Originally Posted: 04/15/2008)
Hello, i'm a sophomore trying to plan ahead for next years SA recruiting. I wanna do Sales and trading, and am making a list of firms to contact. A friend of mine who is a junior now got a SA gig at Macquarie IBD (i think its officially called macquarie capital) in the New York office. Apparently, he will be paid above street...70k base rather than 60, although he doesn't know if FT analyst bonuses are higher than street levels. Does anyone know if Macquarie has a S&T department in the US and if so, does it also pay above street? I'd be very interested in this place..
To answer the questions both implied and otherwise.
Macquarie does pay $70k to first years and approximately $90k to 2nd years. As described in the following post, //www.wallstreetoasis.com/forums/Macquarie-your-thoughtsadvice-appreciated , Mac pays in a range that goes both above and below street and more heavily takes into account group and deal performance.
Mac does not have a normal S&T fucntion in the US. There is a fledgling ECM division, a TCM (treasury and commodities) group, structured finance, a very strong PPG team (how else is it possible to raise all these big funds to buy all the infra assets around), and a few other teams. These functions all pay the same above street salary, but bonus can vary drastically.
thanks. Do you know any details about the TCM group? Commodities is obviously very hot right now and is something i would want to be involved with. Are the functions of that group similar to the commodities S&T groups at the BBs?
Mainly a commodities structuring group that takes advantage of its trading and physical asset platforms to add value. The do physically and financially trade a number of commodities, but its not as lucrative.
What about Macquarie-Cook? Do they compensate similarly as their TCM group?
Macquarie Holdings S&T (Originally Posted: 09/28/2010)
Fixed Income Currencies & Commodities trading, full time analyst. Can anyone give any insight on the firm if you've interned or worked there? How do they compare to other BB?
Mac's not a BB in NY... but still a great shop. If you have another offer PM me and we can talk, otherwise I wouldn't stress too hard over this.
it's not that great. not even in its native aus but if that's your only offer (not necessarily just you, OP) and you want to do s&t, i'd count myself lucky
Well, they may not be that great now, but I wouldn't discount them. Aussy banks have done really well recently and have relied on export financing of steel and iron ore from AUS to CH to fund their operations. Macquarie has gotten bigger recently, and may get bigger still in the future. It may be a great place to be from one of these days.
I have an S&T offer at another BB, but don't want to be complacent so am doing some research to scope out options.
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