Macquarie

Macquarie Graduate Profile

(also see Macquarie interview questions and Macquarie application process)

Macquarie is an Australian investment bank based in Sydney, with an international banking presence. Macquarie act on behalf of a range of institutional, corporate and retail clients and counterparties. The firm was founded in 1969, operates in 25 countries and employs more than 13,000 people.

Macquarie has been active in Europe since the late 1980s. The firm's European headquarters are in London, where there are more than 1,000 executives. The firm also has offices in Austria, Germany, Ireland, Italy and Switzerland, and global offices in New Zealand, Asia, Africa and the Americas.

Outside of Europe Macquarie has diversified and provides a range of financial services in Asia, Australia and New Zealand. Its focus in Europe is more selective.

Macquarie's expanding international presence means that graduate employees have the potential to work in Macquarie offices all around the world.

Competencies

Macquarie have six key goals and values: integrity, client commitment, striving for profitability, fulfilment for our people, teamwork and the highest standards.

Community Work

The Macquarie Group Foundation funds programs that benefit the entire community in areas of education, arts, health research, health care, welfare and the environment. Recently, the Foundation introduced Macquarie Giving, an initiative that enables staff to donate to charities on a committed regular basis and bring benefits to the wider community through regular deductions from employee's salaries.

Training

When they start work, new graduate hires may be required to travel to the firm's head office in Sydney, Australia to take part in a two week professional development program.

Analysts joining Macquarie Capital will have the opportunity to study for a Master of Finance (Investment Banking) degree from INSEAD (a internationally recognised business school).

Unique to the investment banking industry, this is a post-graduate degree program undertaken while working at Macquarie. The curriculum for this degree was designed jointly by Macquarie and INSEAD and tailored specifically to a career in investment advisory. It includes residential on-campus study at INSEAD’s Europe and Asia campuses as well as in Australia and the US.

Now see - Macquarie Graduate Schemes.

Macquarie Application Process

Applying to Macquarie

(also see Macquarie Interview Questions)

Application Requirements

All candidates must have at least a 2:1 at degree level, in any subject discipline.

Graduate Application Process

The Macquarie graduate recruitment process is comprised of:

Now see - Macquarie Interview Questions.

Macquarie Graduate Schemes

Graduate Schemes Available at Macquarie

Graduate jobs are available in each of the company's six main departments:

The investment banking group includes Macquarie's wholesale structuring, stock broking, underwriting and advisory capabilities.

Its services include project financing, M&A and restructuring advisory, equity capital management, specialised infrastructure and fund management, specialised leasing and asset financing, institutional and corporate stock broking, and equities research.

Now see - Macquarie Application Process.

Macquarie Internship

The Macquarie Capital, Treasury and Commodities Group and the Risk Management Group run a 10-week internship programme from June to August each year.

Candidates on this programme will spend the first week attending a comprehensive training and orientation course which will allow you to contribute significantly during your 10 week placement.

During your internship you will hear from senior Directors about Macquarie's strategy and be given an insight into how the business works and opportunities that are available. At the conclusion of the programme, full job offers will be made to interns who have demonstrated the skills required for a career with Macquarie.

Macquarie Interview Questions

Macquarie interview and assessment process

The Macquarie graduate recruitment process is comprised of:

Online Application

You will be asked to indicate on your application form the area in which you wish to specialise at Macquarie. Your application will be considered for graduate opportunities throughout Macquarie however, and you will not need to submit multiple applications for consideration by different specialisms.

First Interview

All first round interviews will be held in Macquarie’s London office by a member of the recruitment team. This is a general interview to find out more about your interest in the industry, your commercial awareness and your knowledge of the firm.

You will be asked competency based questions such as:

  • Have you worked in a team environment?
  • What obstacles have you faced while working in a team project?
  • How did you go about managing yourself to complete your tasks in the project?
  • What is the most successful thing you did to meet the team goals?
  • Do you think you would do anything better in hindsight?
  • Tell me about a time when you had a particularly challenging target to achieve?
  • In hindsight could you have done anything different?
  • Talk about a setback?
  • How did you feel about that?
  • Tell me about a time when you had to work towards a specific deadline?
  • How did you go about managing your time while working towards the project?

You may also be questions about your background and CV, including questions like:

  • Why Macquarie?
  • Why did you do (your degree)?
  • What goal did you set before starting uni?
  • What extra-curricular activities are you involved in?
  • How you have been making an impact on improving a standard around your university or workplace?

This interview will last for 45 - 60 minutes.

Brain Teaser Questions

Previous candidates have been asked the following brain teaser case study questions at either/both first round or/and second round interview stages:

  • There is a lillypad on a pond. The pad takes one hour to double its area. When the lillypad is at its original size, it takes 48 hours to cover the entire pond. How long will it take to cover just one quarter of the pond?
  • What is the simplest way to calculate the square root of 100,000, without a calculator?
  • There are 80 Students. 40 speak French, 20 speak German and 9 speak both languages. How many students don't speak any of these two languages?
  • What is the difference in angles between the hour and second hand on a clock at a quarter past 3?
  • If you won the lottery, which choice would you pick? £5,000 today and that's all, or £1 a day for the rest of your life?
  • If you have a bat and a ball. Their combined value is $1.10.

The bat is $1 more than the ball. What are their individual values? (hint: answer is not $1 and 10cents - thats a 90c difference)

  • What is 999 squared?

Psychometric Assessment

Following first round interviews, successful candidates will be invited to complete a psychometric assessment which will be very similar to the SHL test. The test includes numerical, verbal and logical reasoning sections.

If you are applying to macquarie capital, you also have to do what they call a sales test. This is a series of 100 questions which ask about your personality. There is no right or wrong answer. This is a personality test to deduce whether you have the right personality for a sales position.

Occassionally, interviewees may be asked to take this psychometric test in the afternoon after their initial first round interview.

The psychometric assessment lasts for three hours.

Second Interview

During second round interviews, you will meet with several members of the relevant business group you have applied to. This second interview will be much more technically focused than the first and relate to the particular position you are interested in. This interview will again take place at the London office.

At the second round interview stage you will have: