Macquarie Gaming

Stipends are consistent with rest of the street

Bump for more light on bonuses, from what I’ve read on here, they do a profit share model with the whole firm so if the firm under performs that year your bonus will be shit, but seems like it’s still not the best even in good years. Can anyone with experience speak to it ?

I think it's true bonuses have generally been below street historically. Though part of the issue with An1 data points that I heard from a friend is that the bonuses are stubbed based on a March fiscal year. So your first year bonus is for June to March (paid out in May), which makes it appear even lower.

Also wondering - Macquarie has crushed it as a whole this year

Heard that moved a segment to Cali

Macquarie’s gaming team is strong. They are arguably the largest gaming team on the street and are especially strong in the gaming supplier space. Notable recent deals include Eldorado’s acquisition of Caesars, Apollo’s acquisition of GCG, and Brookfield’s acquisition of SGMS’s Lottery business. Team is primarily based in LA.

The question is do they pay analyst well? Being strong doesn't matter, if you're constantly working long hours and come back with shitty bonus end of year.

Former Macquarie here - gaming group is one of, if not the strongest IB groups at the bank and is well respected. Hours are commensurate with any other bank, but a key nuance here is that that group is very top-down, and analysts aren’t really allowed in models. Macquarie paid an average 50-60% in bonus last year across the board and has never paid anywhere near street in the last few years. As you’d expect, they have experienced a big brain drain as a result.