Macquarie Capital Interview Questions
The most common technical, behavioral, and fit questions asked in Macquarie Capital investment banking interviews. Based on real interview experiences from successful candidates.
Last updated April 2026 · By the Superday AI editorial team
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Technical Questions
- Walk me through how you would value an infrastructure asset, such as a toll road or airport, using a concession DCF model. How does the finite life of the concession affect the terminal value?
- Macquarie is known for principal investing alongside advisory. Explain the potential conflicts of interest this creates and how you would manage them when advising a client.
- Compare the valuation of a regulated utility versus an unregulated power generation company. What drives the difference in multiples, and how does regulatory risk factor into the discount rate?
- Walk me through the key metrics used to evaluate a renewable energy project: levelized cost of energy (LCOE), capacity factor, and power purchase agreement (PPA) structure. How do these feed into a project finance valuation?
- A PE sponsor is considering a platform acquisition in the waste management sector. Walk me through the investment thesis, including the role of tuck-in acquisitions and how you would model the consolidation strategy.
Behavioral Questions
- Macquarie has an entrepreneurial culture that encourages calculated risk-taking. Tell me about a time you took an entrepreneurial approach to solve a problem.
- Why Macquarie over other firms with infrastructure and energy practices? What specifically about our model and culture attracts you?
- Describe a time you challenged conventional thinking and proposed an alternative approach. What was the outcome?
- Macquarie operates globally with an Australian heritage. How do you think this international DNA creates a different working environment than US-headquartered banks?
- Tell me about a project where you had to combine analytical skills with creative thinking. How did you balance rigor with innovation?
Fit Questions
- Where do you see yourself in five years?
- Tell me about a time you worked on a team.
- Describe a time you failed.
- How do you handle pressure?
- What questions do you have for me?
Tips for Macquarie Capital Interviews
- Macquarie Capital is the advisory and capital markets arm of Macquarie Group, an Australian bank known globally for infrastructure, energy, and principal investing. Understand how Macquarie's willingness to invest its own balance sheet alongside advisory clients differentiates it from pure advisory firms.
- The firm's infrastructure and energy expertise is world-class. Prepare to discuss project finance, concession valuations, renewable energy economics, and infrastructure M&A. Generic corporate finance preparation is insufficient.
- Macquarie's culture is notably entrepreneurial for a bank. The firm encourages calculated risk-taking and rewards innovation. Behavioral stories should demonstrate initiative, creativity, and comfort with uncertainty rather than just following instructions.
- Principal investing is a core part of Macquarie's DNA. Understand how the firm invests its own capital through its asset management and principal finance divisions, and how this creates both opportunities and potential conflicts in the advisory business.
- The bank has a strong track record of promoting internally and offering diverse career paths across advisory, asset management, and principal investing. Frame your interest in terms of long-term career development within the broader Macquarie ecosystem.