Does anyone have any thoughts on Macquarie in regards to groups, culture, comp, hours, exits?
I have heard the infrastructure groups are strong but know little else.
Updates on the timeline would also be appreciated. (also asking about NYC process)
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Looking good
Anyone know when superdays are coming out for the accelerated apps?
Were there accelerated apps? are they closed now?
There were in like April but I think they may have been focused on diversity
Have first rounds even come out yet?
Have first rounds even come out yet?
Applied to MIRA and networked— haven’t heard back. Target, non-diversity
Cant seem to find Macquarie applications for Principal or IB in NYC, have they closed?
Got a first round 3 weeks ago through accelerated. Did not take it due to receiving another offer, but the process has started
Are you diversity? was this NYC? MIRA or MacCap?
Did these apps open yet for nonaccelerated, nondiversity?
Bump
Apps don't open until August 2, per a Macquarie intern welcoming post on LinkedIn from a month ago.
Recruiting page on the website also says August 2021. https://www.macquarie.com/us/en/careers/graduates-and-interns/applicati…;
do you know how many non targets they take?
Target school kids have an easier time getting noticed like any bank, but in my experience Macquarie's been more focused on GPA and general intelligence than pedigree. MacCap's regular superday last year had people from Ivy Leagues, state schools, and everything in between. Lots of finance/econ majors but a heavy dose of math/engineering and liberal arts as well. People from all those backgrounds made it through.
Interview process was pretty rigorous, with GPA weighing heavily on success during the resume screen. First round was an IQ test with components similar to (though more difficult than) Mensa-style tests. Second round was a phone call with basic fit and technical/brainteaser questions. Superday varies depending on interviewers, though technicals are normally fairly difficult and nailing the fit portion is essential for an offer.
That being said, after you get into the process, your school's importance goes out the door, and you're left to your wits. There's no quota for how many non-targets they take, and many non-targets make it through every year. From what I've seen, all the interns share the same intelligence and mindset that the bank's after, and that's what they try to target more than anything else.
Delete
Is it even worth networking with a 3.4 from non target?
same here have a 3.7 major gpa non target
Realistically, you're going to be hard-pressed to find banks that will take a chance on an applicant from any school with a 3.4 GPA without strong experience, extensive networking, or one hell of a story. In the case of some banks, resume screening software won't push through a resume for consideration without a 3.5 or better. If you're interested in Macquarie, reach out to analysts and get your name out there so you have a shot at someone pushing you through to interviews.
I also came from a nontarget which is why I said school background isn't essential. The difference was that I had a 4.0, applied sight unseen, and got an offer without any networking. I got extremely lucky. Looking back, it was a stupid thing to do, and I would never recommend anyone follow that path. Regardless, most of the interns I spoke with had high GPAs (3.8+) or had alums/close connections pushing for them every step of the way.
To answer your question, not only is it worth it to network there, it's absolutely essential to have a shot. Whether you have the time and resources to commit to it is entirely up to you and your interest in the bank.
Can we apply to the normal round if we applied and (presumably got rejected) from the accelerated round? I applied MIRA accelerated but I might apply to the IBD this round if possible.
Macquarie NYC is horrible, except the IEG group, which you can only get into if you have deep ties with current members (like alumni or family).
Last summer, they pretty much only gave return offers to 1/4 of their intern class. Further, in the following months they proceeded to downsize their IB and laid off 40% - 60% of IB employees and combined a bunch of groups together. It’s a shit show there.
Source: I interned there last year and kept in touch with many analysts who got laid off / lateraled. HR are a bunch of elitists — they took a month after the last day to give us our return offers, and kept delaying it each week. I didn’t end up getting one, but I def dodged a bullet and now work at an EB.
Just to clear this up, this is MacCap not necessarily other business divisions, right?
Yeah sorry should’ve clarified — this is MacCap.
MIRA on the other hand is a solid place to be for Infrastructure PE.
LOL can't get into IEG unless you have alumni or family connections? Riddle me this: how does a group composed of mainly Australians from VP up and juniors from multiple countries require family or alumni connections to get placed in the U.S.? Most of the interns I talked to didn't network within IEG much, if any, during placement - they just ranked those teams first.
What happened last summer was shitty, and you have every right to be mad. Though from what I understand, the teams that got cut had substantial performance downturns during the pandemic and weren't generating enough revenue to stay afloat. Even some of the top non-IEG teams turned into sweaty pitch-fests. They cut the underperforming teams and moved on, that's how business works.
That’s my point exactly, why would you pursue a declining firm? It’s not worth it unless you join IEG.
And you’re wrong, majority of the interns shared schools with current A&A’s. So my point still stands. VPs and above don’t really influence recruiting.
Thank you for sharing your experience at Macquarie. Can you shed some light on your FT recruiting process after not getting the return offer? I've heard that it's pretty tough for anyone to go about the FT process, more so if you don't get a return -- would appreciate if you could share how you went about the process so successfully (Macquarie to EB is very impressive)
So no non-target/non-diversity has gotten any first rounds yet for Macquarie IB/Infra in NY?
Interviewed a strong non-diversity kid last week. I wasn’t given any background on the process or how his resume got on my desk so I’m not sure whether the candidate was accelerated or networked heavily. When we kickstart recruiting it usually moves pretty fast. Strong candidates are usually interviewed first and the turnaround is less than a week. I honestly haven’t met a single person that says, “hey, we are interviewing the target kids this week and the non-targets next week”. If you are smart, know your shit and I like you, I genuinely dgaf where you go to school. You could live in middle of nowhere Iowa for all I care. Macquarie usually works the same way, if you have a high GPA and do well on the initial screen, your school matters less and less. I went to a top 3 school and networked pretty heavily because I genuinely liked the bank and an analyst ended up referring me directly to HR. I don’t think the name of my school was mentioned or seen until 1st round or SD. Gotta get that non-target mentality out of your head ASAP. Good luck!
I get that, thank you so much. Sometimes it gets to my head.
But in general is Macquarie doing recruiting? Had an analyst push for me and send my resume over to HR but haven't heard anything yet for NY.
Bump for Macquarie IBD?
Bump. Have applications opened?
Applications opened yesterday. https://www.careers.macquarie.com/en/job/956516/2022-macquarie-summer-a…
Which group is IBD? ( I see commodities, infrastructure, capital...) I am assuming capital but want to double check
Anything under MacCap is IBD.
anyone get a first round?
Did you?
No, that's what I was asking hahah
Anyone got a 1st round?
No, has anyone heard anything?
The last I heard was September 1st that front office is gearing up to start formal recruiting soon. Still haven't heard anything about an interview date.
Received an offer this past week out of their Chicago office. Process was very accelerated.
I have first round interview on Friday. Anyone who has gone through the process this year want to speak about it?
NY?
Just got first round, it says this is for the accelerated process. Does anyone know if that means anything
when did you apply?
Around beginning of August, when apps came out
would you guys take Macquarie over a boutique MM firm?
Honestly i would say it depends on strength of the boutique and what ur industry interests are, Maccap isn't too good
Would recommend anyone interested in PE to apply to MIRA rather than MacCap. The latter is decent in Infra advisory whilst MIRA is one of the best PE funds for Infra with continuous exits to KKR, Carlyle etc
Any insight on exits from MacCap Infra advisory? Arent they one of the biggest names in infra advisory so logically exits (albeit limited to infra) would be top tier still?
exits great but mac cap does not generally attract hardos who want to go to KKR so youll see more self selection. that said if you look at linkedin you will see apollo and carlyle exits pretty quickly
Has anyone else had their 1st rounds yet? ANyone know about timeline or when to expect to hear back?
Got assessment email today for global markets and commodities
can you offer any insight into the assessment? is it basically an IQ test?
Analyzing data and logic problems
Bump, anyone else have first rounds yet? ibd
Yes
I did my first round last Tuesday. Has anyone heard back?
Was asked to do a psychometric assessment a few days after first round
I just received the assessments. Did they tell you how long you can do it? Like 3 days or sth? Cus I never received anything that indicates the time.
Has anyone heard back after the assessment?
Had SD for MacCap NYC SA today, waiting to hear back. If anyone does hear back, please lmk. I will update if I do
update: just got offer
How do u think it went?
well
.
How long did it take to hear?
bump
How long was the turnaround?
how many interviews/ers did you have for your SD?
How long was the interview/how many people did you speak with? I have an SD for Thursday
2, 30 min interviews with 2 people each. Mixed behavioral/technical
For SA or FT? Which group
Had super day today. Will update
For SA or FT 2022?
SA
How long did it take to hear back about final round interviews after submitting your assessment?
Like a week-ish
Which group/office?
Mac Cap NYC or Chicago
Any update?
Still nothing :/
How do you think the SD went?
I just got an SD- how long was the interview/how many interviews and did you speak with more junior or senior bankers?
2 approximately 30-minute interviews. One was with 2 guys (1 VP, 1 associate), the other was with 1 VP
Have they only done SA 2022 interviews/SDs so far? Anyone know is theyve kicked off FT 2022 interviews?
I had a first round a couple days ago... haven't heard back yet, but they said they're planning on moving pretty quick, so I don't think I made the cut :/
What day was ur 1st round? Did you network at all or just online app?
Which group was this for ? Infra/Energy or some other group
Is MIRA or Maccap taking FT 2022 Analysts? I see theres a maccap posting up on the site but does anyone know if MIRA is as well?
Does anyone have insight on their software & services group? Culture, dealfow, etc?
Did you have a SD with software group? Or any idea on how long to hear from SD if for SA?
Had a 1st round for SA. 50/50 of basic behavioral and technical
was a week between SD and receiving offer for me
how long after first round did you get SD?
week and a half give or take
I'm incoming MacCap NYC SA22, if any other SAs want to connect feel free to PM
Does anyone know about all-in salary... i've heard the base isn't all cash??
EDIT: I meant to say I heard that the *bonus* is not all cash
MIRA here, Base is definitely all cash, I'm 99% sure it's the same way anywhere else in the bank.
How ours bonuses typically for first yrs? All cash right? My group has doubled in rev apparently
Mind sharing rough numbers of all-in comp at MIRA/MacCap? Heard MacCap bumped base to 100k (not sure) but MIRA hasnt?
Out look on getting over the pants if I tell a girl I work at MacCap?
Wondering as well - assuming I’ll need to travel to Australia to reap full benefits
Anyone hear from MacCap Infra group for FT 2022
I had a first round last week for FT. I was then notified by email a day later to send over my availability for next week (now this week) because they'd like to move forward with a final round, and in the same email I was told to complete the assessment. I still haven't heard back... should I assume they decided not to give me a final round bc maybe I didnt do too well on the assessment?
What group was this for?
Software
Same exact thing happened to me but I just reached back out to HR a few days later and they sent me my Superday schedule within an hour of my follow-up. I think HR at the firm is a just little slow sometimes so you just have to follow up with them if you don't hear back for a while.
anyone receive offers for software group SA or FT?
someone at my school accepted an SA position a couple of weeks ago
have a SD coming up for software--can anyone share if there were any "unexpected" questions that i should expect--or is it just baisc fit/400Q
nothing unexpected but know your previous internships well - be ready for questions pertaining to past jobs especially if the industry or nature of work has some relevance to IB / MacCap
Anyone know comps nyc?
Has anyone heard anything for FT?
They reposted the position for some reason
Had SD yesterday, haven't heard back yet but they told me I will hear back within a week so I shall update if I hear anything
Update: just got offer (6 days after interview)
I also had a SD late last week (for FT) and was told I should hear one way or the other by mid-week
Mine was for SA but they also told me I will hear back within a week
Was this for software group
Same. How did it go for you guys?
I think it went welI, hbu?
Anyone hear back from software group SA or FT?
I have not heard about FT--had interview late last week. When was your interview and what office?
I’m for SA so probably a bit diff timeline than you but my SD was around two weeks ago still havnt heard back
Did you ever end up hearing back?
Hi,
I had my superday yesterday and received an email the next morning saying that outcomes will be given in 1 to 2 weeks...Is that normal?
BTW its for SA 2022 London
when did you apply and how long after did you get the hirevue?
i think more than a month ago
Hey have you heard back since SPD?
I did it last Monday for London SA and received the same email as you last Thursday
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