Joined: 17 Jan 2006
Posts: 2
Location: London Posted: Tue Jan 17, 2006 5:36 pm Post subject: Macquarie Interview
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Being an Aussie who has just moved to London and working in ibanking, it is good to see Macquarie recruiting in the UK. I went through the macquarie interview years ago, it is not dissimilar from other ibanks.
Key is to understand what investment banking does, and what your role as an intern/analyst will be. You need to be specific, you will be (if you are lucky and they trust you) preparing financial analysis - comps and DCF analysis, researching industries and companies, preparing/assisting in preparing pitchbooks, basically being a data monkey. I highly recommend the Vault Guide to ibanking. I used it years ago when I was initially trying to get into IB and it helped enormously.
Know who macquarie is (Australian Investment Bank), what they do (they have many business lines), key deals especially in London (eg LSE bid) and especially about their specialist funds businesses (MIG, MAP, MCAG, etc, there are about 20 specialist funds).
Use the 15 day trial access to FT, under the special reports section there is a section called LSE Bid - it gives heaps of info on Macquarie and there model.
Know your basic valuation skills, plus all the standard other interview stuff. Macquarie in Australia always make you sit psychometric testing if you make it to the later rounds (vebal reasonic, numerical, abstract and psych test). Some friends were also made to sit modelling test.
My last tip is to find out who you are meeting first up - if HR, it should be easy, if an associate or AD, will ask more technical questions, if Director/MD will ask high level questions and maybe some brain teasers. Basically prepare like you are sitting an exam. When I interview with MacB, they were renowned for making you have about 6 - 8 rounds of interviews so good luck!