Macquarie Capital Summer Analyst Internship
Everything you need to know about the Macquarie Capital summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
Last updated April 2026 · By the Superday AI editorial team
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$1,950/week
10 weeks
~70-75%
Overview
Macquarie Capital's 10-week Summer Analyst Program pays roughly $1,950 per week plus a $3,500 housing stipend and converts about 70-75% of interns to full-time offers, built around the firm's mix of advisory and principal investing in infrastructure and energy.
Key facts
- Macquarie's Summer Analyst Program runs 10 weeks from June to August.
- Interns are paid approximately $1,950 per week, around $101,000 annualized, plus a $3,500 housing stipend.
- Roughly 70-75% of Macquarie summer interns convert to full-time offers, with return offers communicated in the final week of the program.
- The program typically brings in 15-25 interns across offices, with the largest cohort in New York.
- Relocation assistance is available for select candidates; housing is not directly provided.
Compensation
The Summer Analyst Program pays approximately $1,950 per week, which annualizes to around $101,000. Interns also receive a $3,500 housing stipend. Housing is not provided directly, and relocation assistance is available for select candidates.
Conversion And Return Offers
Macquarie converts roughly 70-75% of its summer interns to full-time offers. Return offer decisions are communicated in the final week of the program.
The Experience
The program typically brings in 15-25 interns across offices, with the largest cohort in New York, and includes training on Macquarie's business model, infrastructure and energy fundamentals, and project finance methodologies. Interns get exposure to the firm's combination of advisory and principal investing, working on infrastructure transactions, renewable energy project evaluations, or M&A mandates in core sectors. The entrepreneurial culture encourages interns to contribute ideas and take ownership of work products in ways less common at more hierarchical banks. The diverse business lines also let interns learn about asset management and investment alongside traditional banking.
Recruiting And Timing
Recruiting follows the standard US banking timeline, with applications in late summer and interviews through the fall. Macquarie seeks candidates with genuine interest in infrastructure, energy, or real assets, and coursework or experience in these areas is a significant differentiator. The firm recruits from a range of schools and is less tied to the traditional target school hierarchy than US bulge brackets. Networking with Macquarie professionals and demonstrating specific knowledge of the firm's business model are the most effective ways to stand out.
Internship Compensation
Weekly Pay
$1,950
Annualized Salary
$101,000
Housing Stipend
$3,500
Relocation
Available for select candidates
Meals: Dinner provided
Transport: Car service available
Recruiting Timeline
Applications Open
August-October (year before)
HireVue Deadline
October
First Round Interviews
October-December
Superdays
November-February
Offers Extended
December-March
Application Tips
- Emphasize interest in infrastructure, energy, and project finance
- Highlight quantitative skills and ability to handle complex models
- Prepare technical questions on project finance and infrastructure valuation
- Show understanding of Macquarie's Australian heritage and global platform
What to Expect
Macquarie Capital's summer program provides specialized exposure to infrastructure and energy banking. Training in the first week covers financial modeling, project finance, and infrastructure valuation. Interns work on live transactions involving infrastructure assets, energy projects, and sponsor-backed deals. The culture is entrepreneurial and analytical, with expectations to contribute meaningfully to complex financial structures. Performance is evaluated through mid-summer and final reviews, with return offers based on technical proficiency, quantitative skills, and cultural fit. Exit opportunities include infrastructure-focused private equity and energy-focused roles.
Intern Perks
- Infrastructure and energy deal exposure
- Project finance training
- Global platform access
Frequently Asked Questions
How much do Macquarie Capital summer analysts make?
Macquarie Capital summer analysts earn $1,950 per week, which annualizes to approximately $101,000. The program typically runs for 10 weeks.
What is the Macquarie Capital intern conversion rate?
The conversion rate for Macquarie Capital summer analysts to full-time offers is approximately ~70-75%. Final week of program.
When should I apply to Macquarie Capital?
Applications for the Macquarie Capital Summer Analyst Program typically open August-October (year before). First round interviews are held October-December, with Superdays November-February.
More Macquarie Capital Resources
Sources
- Macquarie Capital - Careers. Macquarie Capital (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)