2027 Macquarie Capital Summer Internship Programme

This is the 2027 Macquarie Capital Summer Internship Programme in London - job ID 23632, dated 1 September 2026, fixed term, entry level, filed under the job category Corporate Finance / M&A. It runs nine weeks and starts with a tailored induction week. Macquarie Capital, the firm says, provides advisory and capital raising services to corporate and government clients involved in public mergers and acquisitions, debt and equity fund raising and corporate restructuring, and also undertakes principal investing activities globally to support its client activities. Source

What the nine weeks contain, as described: contributing to client projects across a range of sectors - either placed as a generalist supporting technology, software, services and consumer clients, or placed as a specialist in areas such as infrastructure or financial institutions; building financial analysis, valuation and financial modelling skills; drafting client presentations and pitch materials; supporting strategic M&A advisory, capital raising and live transaction activities; and tracking market news, share price movements, sector trends and transaction updates. You work alongside business leaders on live projects and transactions from day one. Source

This is Macquarie's investment banking seat in London - the equivalent of a summer analyst spot in a bank's IBD, which is what the 'Corporate Finance / M&A' category is telling you. The one line that makes it a different job from the same seat at a pure advisory house is 'principal investing activities globally to support its client activities': Macquarie can put its own balance sheet into a deal alongside the advice. That changes the conversations you sit in, and it is the single best thing to have an opinion about at interview, because most applicants will not have noticed the sentence.

The posting tells you the allocation model in one clause: you are either a generalist on technology, software, services and consumer, or a specialist in infrastructure or financial institutions. Infrastructure is not a footnote at this firm, and the posting says some opportunities look for a demonstrated interest in it. Decide which side you want before you apply and put the evidence in the application - a generic banking cover letter loses to one that names a road, a grid or a data-centre financing and says why it was hard.

The posting places you in Macquarie Capital and describes the firm as a global adviser, investor and developer whose teams bring together strategic advice, flexible capital solutions and deep sector expertise, partnering with businesses, startups and governments. It does not name which coverage or product team you would sit with - that is settled by the generalist or specialist placement. Source

33 people have held London roles at Macquarie Capital since 2018 - the deepest London unit at this firm, and the pool most likely to contain someone who has done the exact internship you are applying for.

Thirty-three over eight years is a small London business by bulge-bracket standards, which cuts both ways. The intern class will be small enough that every senior banker forms a view of you, and there is no anonymity to hide in - but it also means a good summer is noticed by the people who decide, rather than filtered through a class ranking of two hundred.

Macquarie describes itself as a global financial services group operating in 30 markets with 57 years of unbroken profitability. Source

93 people have held London roles at Macquarie as a whole since 2018 - small next to the bulge brackets, and split across businesses that recruit separately from one another.

12 of those people held London roles in Macquarie Asset Management since 2018, a different business with its own postings - worth knowing so you apply to the one you actually want rather than to the Macquarie name.

The graduation window on this posting is January to July 2028, which tells you what the nine weeks are really for: they are the audition for the 2028 graduate intake, and the firm is choosing people it expects to hire two years out. Worth noting honestly, though, that this page makes no conversion promise - it says the experience will set you up for a career after your studies, not that strong interns receive an offer. Ask what proportion of the London class converted last year; the answer is informative either way.

No deadline is stated and the page is dated 1 September 2026. A London class this size fills as good applications arrive, so September and October are when this is winnable. We do not mark a posting closed without positive evidence from the firm, so treat it as live until Macquarie says otherwise - but do not treat a missing deadline as time in hand.

Stated criteria: applications are welcomed from students in the penultimate year of an undergraduate or master's degree, or students in the final year of an undergraduate degree who plan to continue to a master's and graduate between January and July 2028. The disciplines named are finance, economics, management, engineering, mathematics or another analytical field. Macquarie asks for organisation and adaptability under competing priorities, commercial curiosity about businesses and markets, initiative demonstrated through studies, employment or extracurriculars, critical thinking and clear articulation, attention to detail and comfort with numerical information. It says some experience using Excel would be helpful, although training will be provided, and that for some opportunities it will also look for a demonstrated interest in areas such as infrastructure or financial institutions. Source

The graduation window is the gate that quietly disqualifies most people who apply: January to July 2028, no earlier and no later. Graduating in 2027 makes you a year late for this intake and graduating in 2029 makes you a year early, regardless of how strong the rest of the application is. Check the month you actually finish before you spend an application on it.

'Some experience using Excel would be helpful, although training will be provided' is a genuinely lower technical bar than most London summer postings set, and the discipline list is wide - engineering and mathematics sit next to finance. If you have the commercial curiosity but not the modelling course, this is one of the intakes where that is survivable; what it will not forgive is having no view on why a company or a sector does what it does.