What it does: Macquarie is a global financial services group operating in 33 markets in Asset Management, Wealth Management, Retail and Business Banking, Leasing and Asset Financing, Commodity Trading, Market Access, Renewables Development, Specialist Advisory, Capital raising, and Principal Investment.
Mission: empowering people to innovate and invest for a better future.
Size and presence: Macquarie employs over 17,000 staff in 33 markets and has more than A$737 billion in assets under management.
Best known for: its wide range of operating groups including Banking and Financial Services, Commodities and Global Markets, Macquarie Asset Management, and Macquarie Capital.
The good bits: Macquarie has offices in the United States, Australia, New Zealand, Asia, Europe, the Middle East, and Africa. It provides many career opportunities to people looking for a decent job in sectors like banking, financial, investment, advisory, and funds management services.
The not-so-good bits: People working with companies that deal in financial services have to perform their duties as per rules and regulations. Also, they need to embrace new technology and maintain constant communication with other departments. It also requires a certain level of expertise in the field with no or zero chances of miscalculation.
Macquarie Group Limited is an Australian global financial services group headquartered in Australia. The main operating groups of the company include Banking and Financial Services, Commodities and Global Markets, Macquarie Capital, and Macquarie Asset Management. It has offices in different locations across the world.
The company was founded on 10 December 1969 as Hill Samuel Australia Limited, a subsidiary of the UK’s Hill Samuel & Co. Limited. It was the idea of an Australian businessman Stan Owens to establish an Australian subsidiary and when the proposal gets selected he became Executive Chairman of Hill Samuel Australia (HSA).
In America, Macquarie has offices in Atlanta, Idaho, Boston, Alberta, Chicago, Texas, Florida, Santiago, California, Minnetonka Mission, Mexico, Montreal, Nashville, New York, Philadelphia, Washington, Ontario, and more.
The company is known to have a non-hierarchical organizational structure that is split into four operating groups: the Corporate Operations, Legal and Governance, Financial Management, and Risk Management Groups.
Macquarie strives to provide a rewarding, inclusive culture where everyone works together like a team. It encourages employees to take part in community groups, networking events, and school holiday programs. It is all about fostering diversity, equity, and inclusion to empower people of all cultures, races, and ethnicities.
Moreover, the workplaces are designed in a way to provide a connected, flexible, and sustainable environment. It helps bring employees together and encourages cross-group collaboration. The company also provides resources and training to employees.
Candidates who want to start their career with Macquarie will need to pass their selection process. The graduate and internship programs are also available for students but the recruitment process can be slightly different for them.
Here’s what applicants can expect from the typical selection process at Macquarie…
Apart from many job roles, Macquarie also provides great opportunities to develop new skills and explore interesting fields. The company has over 18,000 employees globally and operates in 33 markets across the world. It means that career opportunities are in abundance for the most deserving candidates.
Candidates can look for jobs in an area like asset management, wealth management, retail and business banking, leasing and asset financing, commodity trading, market access, specialist advisory, renewables development, capital raising, and principal investment. It provides diverse career paths across different sectors and locations.
The average salary of employees working in Macquarie is $130K per year which includes base and bonus. The highest-paying job at the company is an Executive Director with a salary of $465,866 per year. Average Macquarie Group salaries by the department include Legal at $156,190, IT at $122,525, and Business Development at $165, 380.
Employees are encouraged to participate in charities for raising funds for non-profit organizations of their choice. Macquarie’s environmental, social and governance (ESG) commitment reflects the company’s responsibilities to communities, clients, and shareholders.
The company works for managing environmental and social risks associated with its operations. To tackle environmental problems and climate change, it is adopting sustainability in direct operations. Moreover, it works to spread awareness among communities and bring them together.
Macquarie has been under the radar for leaked emails revealing its involvement in a scandal. It was among 100 banks and financial institutions under investigation over a scheme that is estimated to cost around $80 billion to governments. It has been called ‘the devil’s machine’ and ‘the biggest bank scandal in history.