Macquarie Group Home Page

This is a rare opportunity to join a high-conviction fixed income team at a pivotal moment for credit markets. Macquarie Asset Management is looking for an Investment Grade Credit Research Analyst to join our Global Fixed Income team in Philadelphia, covering a broad issuer universe with a focus on utilities and energy — one of the most intellectually dynamic and rapidly evolving corners of investment grade credit.

The energy infrastructure buildout, regulatory transformation, and unprecedented capital deployment are reshaping how utilities and energy companies are financed and rated. You will develop deep sector expertise at the forefront of these structural shifts, with your views feeding directly into portfolio construction.

At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.

What role will you play?

Press space or enter keys to toggle section visibility

You will sit at the intersection of fundamental research and live investment decisions. Working directly alongside the Global Head of IG Portfolio Management and a globally connected credit research team, your analysis will carry real weight — investment ideas you develop can move quickly from conviction to trade execution.

This is a seat with genuine accountability in a nimble structure that rewards intellectual rigour and commercial judgement. You will conduct comprehensive fundamental research across your assigned industries, analysing market dynamics, financial trends, and capital structures to develop differentiated credit and relative value views on investment grade opportunities. 

The role suits someone with curiosity and investigative drive — someone who goes beyond consensus, asks hard questions of issuers and management teams, and builds a point of view they can defend. The ability to develop strong relationships across the business at all levels will be essential to your success.

What you offer

Press space or enter keys to toggle section visibility

• A self-starter mindset — you work independently and collaboratively, take ownership of your coverage, and bring a genuine passion for fixed income and credit markets. CFA candidacy or a strong desire to pursue the designation is valued.
• A bachelor’s degree and 3–5 years of industry coverage experience in funds management, the sell side, a ratings agency, or a bank, with a strong track record of analysing IG issuers. Experience covering utilities and energy sectors will be highly regarded but is not essential.
• Excellent verbal and written communication skills, with a proven ability to synthesise complex credit situations into clear, actionable views and manage multiple assignments simultaneously.
• Strong Microsoft Office and Bloomberg skills, with demonstrated adaptability to internal systems. Exposure to AI tools — including Claude — is viewed as an asset and a genuine growth opportunity as we continue to integrate these capabilities into the research process.

If you are excited about building deep expertise in a sector that sits at the centre of the global energy infrastructure buildout, and want a role where your research makes a direct impact on investment outcomes, we encourage you to apply.

#LI-EF1

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

What we offer

Press space or enter keys to toggle section visibility

At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include: 

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave
• 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• 2 days of paid volunteer leave and donation matching
• Benefits and initiatives to support your physical, mental and financial wellbeing such as medical, prescription drug, dental, and vision insurance; health savings account and dependent day care savings account; life insurance, disability, and other insurance plans; 401(k) and short/long term disability
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

About Macquarie Asset Management

Press space or enter keys to toggle section visibility

Macquarie Asset Management is a leading global asset manager, trusted by institutions, individuals and communities to responsibly manage $A720 billion in assets. MAM provides clients with a diverse range of investment solutions that seek to deliver superior risk-adjusted returns.

All figures as at 31 September 2025, excluding assets acquired by Nomura on 1 December 2025.

Empowering all kinds of bright and driven people

Press space or enter keys to toggle section visibility

We are committed to providing an inclusive environment for all that values and respects different experiences, skillsets and perspectives. Macquarie provides access to opportunities for all individuals regardless of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.

We provide reasonable accommodation to individuals who may need support during the recruitment process and employment. If you require an accommodation, please let us know during the application process.