The Macquarie Assessment Test and Hiring Process
Macquarie is global financial services and banking company. The company is based in Sydney, Australia, is valued at more than $10 billion, and has 14,000 employees worldwide. There are regular vacancies in the company for a variety of jobs and to help its HR staff choose the ideal candidate each time, it uses a unique selection process with four distinct stages. The company’s selection policy is proving so effective that many other companies are now using the Macquarie Assessment Test and Hiring Process.
As Macquarie approach to recruitment becomes increasingly common, it is well worth being familiar with the structure used so that if you are applying for a position in the UK and find that this will be the selection process that the company follows, you will not find the prospect of completing it daunting. An important point to remember is that this method of assessment takes time to complete and from your initial online application to a firm job offer can take as long as four weeks.
Stage one: The Online Application
The first stage is to complete the online application form which will be asking basic questions about your background, qualifications, and relevant experience. You will be asked to attach your CV to the application and a covering letter.
The covering letter you send needs to be carefully written as it needs to demonstrate that you fully understand the role for which you are applying and that you are suitably qualified for the position. Recruiters will also be looking for motivation in your application letter and a real desire to secure the job.
Stage two: Psychometric Assessment
These are a series of different assessments depending on the role you have applied for. The tests can be completed either online at home or in one of the Macquarie offices. It is possible to complete some test assessments beforehand and this is strongly recommended.
The psychometric assessment includes:
- Numerical abilities: You will be shown data on a table or chart which you will require to interpret the information and complete multi-choice questions in this 20-minute assessment.
- Verbal reasoning: In this assessment, you will be given a passage to read and will then be asked about the information it provides in a series of multi-choice questions. The aim of this is to assess whether you can analyze information accurately.
- Abstract reasoning: You will be shown some patterns and asked if you can find any patterns in them. This test is actually assessing how you organize information and use it to solve problems.
- Personality test: In this, you will be given a series of statements and you will be asked to list them in order of importance to you. This is designed to assess your personality and whether it will fit in with colleagues and the company’s culture.
Stage three: Telephone Interview
The third stage of the assessment test is a ten minute telephone interview with one of the recruiters. The recruiter will be keen to hear how you answer questions and whether you are confident on the telephone. It is good to practise speaking on the telephone and it is also key to know exactly what you wrote in your CV and covering letter. At the end of the telephone interview, you will be invited to attend a face to face interview.
Stage four: Face-to-Face Interviews
It is usual for Macquarie job candidates to be asked to two 45 minute interviews. The first is competency-based and the second, skills-based. The interviewers will be looking for special qualities in you as they are looking for ambitious, creative, and committed individuals. They want people who have an analytical mind, who are honest and determined. They are looking for a commitment to clients and an entrepreneurial spirit, plus that special blend of being both a great team player and someone with plenty of initiative. After the final interview, if all has gone really well, you will receive a job offer and will have five working days to accept it.
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