Job Description

About This Role

Macquarie India is hiring fresher Equity Research Analysts for its Macquarie Securities India team. Macquarie is globally renowned for its commodity and energy research, and its India equity research covers metals, mining, oil & gas, utilities, and infrastructure sectors. India-based analysts support Macquarie's global research teams in Sydney, Hong Kong, London, and New York.

Key Responsibilities

Build financial models for Indian listed companies in metals, mining, energy, and infrastructure sectors
Track commodity price trends (crude oil, LNG, coal, aluminium, copper, iron ore) and analyse impact on Indian listed companies
Assist senior analysts in writing sector research reports, earnings notes, and commodity outlook publications
Analyse upstream oil and gas company reserves, production data, and DCF reserve-based valuation models
Attend management calls, industry conferences, and commodity market seminars
Build commodity supply-demand balance models and price forecasting frameworks

Requirements & Skills

MBA (Finance) or B.Tech (Chemical, Petroleum, or Mining Engineering) with strong financial modelling skills (2025/2026 batch)
Interest in commodities, energy markets, and natural resources sector
Financial modelling skills: DCF, NAV, EV/EBITDA for commodity sector companies
Bloomberg proficiency for commodity pricing and company data
CFA Level I cleared is a strong advantage

Benefits & Work Conditions

Highly competitive salary with Macquarie's profit-sharing annual bonus
Macquarie's structured Research Analyst Programme with global team secondments
Bloomberg Terminal and commodity data platform access (Wood Mackenzie, Platts)
Hybrid work at Macquarie's Mumbai office
CFA certification support and NISM Research Analyst certification

About the Company

Macquarie Group is an Australia-headquartered global financial services group with $880 billion+ in AUM and 20,000+ employees in 34 countries. Macquarie Securities India Pvt Ltd is a SEBI-registered stock broker covering 100+ Indian companies, with particular strength in commodities, energy, and infrastructure research. Macquarie is globally rated among the top equity research houses for commodities and energy.