What it does: Builds and manages properties
Staff stats: Around 1500
The good bits: Working for an industry leader
The not so good bits: Lack of clarity around career progression
Hiring grads with degrees in: Engineering, Maths, Computer Science & IT; Property & Build Environment; Law; Finance, Accounting, Economics & Business Administration
The Mirvac story
In less than half a century, Mirvac has become an iconic Australian business. Especially if you live in Sydney, Melbourne, Brisbane or Perth, you probably associate the company with its housing estates. But as well as building suburban houses, Mirvac is a major player in office, retail and industrial property, with over $18 billion of assets under management.
(If you’ve shopped at Cooleman Court in Canberra, Birkenhead Point Outlet Centre or Broadway Shopping Centre in Sydney, Toombul Shopping Centre in Brisbane or Moonee Ponds Central in Melbourne, you’ve visited a Mirvac retail property.)
Mirvac grew out of a joint venture formed by Robert Hamilton, a real estate agent, and Henry Pollack, an architect and builder. While the two Sydneysiders joined forces in the late 1960s in the hope of making some money out of Sydney’s ever-booming property market, Mirvac didn’t officially come into existence until 1972. It started off by constructing and selling a small apartment block in the exclusive Sydney suburb of Rose Bay. From those humble beginnings, it’s grown into one of Australia’s leading property groups, with an integrated development and asset-management capability. State and federal governments, major Australian companies and multinationals have all purchased or rented Mirvac’s commercial offices and industrial properties.
Unlike some other property-sector players, Mirvac has never focused on turning a quick buck. It has taken a long-term, ethical approach to developing and managing desirable properties. This has resulted in the company having “a competitive advantage in the creation of quality assets across the entire lifecycle of a project; from planning through to design, construction and development, leasing, property management and long-term ownership”.
In 2017, Mirvac made a $1.16 billion profit and achieved $2.7 billion in residential pre-sales.
Mirvac aspires to “attract the best” as well as “reflect the communities we support and the customers we serve”. With those goals in mind, the company’s leadership works to “foster a climate that is inclusive and allows people to contribute – irrespective of differences relating to work styles, gender, family status, age, culture, sexual preference, abilities and beliefs”.
Mirvac has a comprehensive diversity and inclusion strategy that is overseen by the company’s Diversity and Inclusion Council. The Council is making particular efforts to recruit and retain more female staff. This being done through initiatives such as providing flexible work options that “enable our employees to achieve better work/life quality”, conducting annual gender-pay-parity reviews and rating succession planning “on the depth of female representation in the pipeline”. The company’s efforts in this area seem to be paying off, with the male-female workforce ratio now at an impressive 59:41.
In 2017, Mirvac launched its first Reconciliation Action Plan. This seeks to “deliver long-term and sustainable outcomes for [Indigenous] people by using our substantial purchasing and hiring power thoughtfully and responsibly”.
Mirvac takes a zero-tolerance approach to employees or service providers engaging in fraud, bribery and corruption. The company is “committed to contributing to Australian society in all aspects, including meeting all our tax responsibilities”.
Mirvac plans to be ‘net positive’ by 2030. (By net positive, Mirvac means “generating more water and energy than we consume and finding ways to capture and reduce waste beyond that which we create”.) The company is also committed to demonstrating “community investment within and beyond our boundaries by 2018”. In practice, that appears to mean creating (or supporting the creation of) amenities, services aimed at the elderly, employment programs and spaces that facilitate play and discourage crime.
Mirvac now encourages its staff to embrace a ‘Reimagine Urban Life’ mindset. This requires them to “think about how we can redefine the landscape and create more sustainable, connected and vibrant urban environments, leaving a lasting legacy for generations to come”.
The company supports a range of charities and community initiatives. It also matches employee donations up to the value of $10,000.
The recruitment process
Given its size and the scope of its operations, Mirvac needs grads (interns) from a range of disciplines. If you want to secure a full-time role at the company after completing your degree, you should plan ahead and apply for a summer-holiday internship in the second-last year of your degree. Those from the following disciplines are welcome to apply:
- Construction Management
- Property Development
- Investor Relations
Internships run for three months. They involve participating in projects, learning programs and networking events. Interns are supported by buddy and mentor, as well as their manager and the Intern Program HR team.
If things go well, you may be invited to take part in the ‘Part Time Internship program’. This involves working for Mirvac during your final year of uni. If that goes well, you’ll be invited to apply for a place in Mirvac’s grad program.
The grad program recruitment process begins with an online application. This involves uploading a cover letter, CV and academic transcript and answering some questions. If your online application is sufficiently impressive, you’ll be invited to do a video interview. After this, you’ll be asked to complete a ‘Joineree’ survey, which identifies your personality traits and work preferences. The final hurdle involves spending half a day at an assessment centre. Here you will participate in a group task and be interviewed by someone from the talent-acquisition team, as well as a ‘senior stakeholder’.
The grad program runs for two years. The program can be customised and may vary depending on your interests and the “available business project workload”. That noted, you can expect the following:
- Participation in active projects
- Optional rotations into other team areas to broaden your scope of experience (based upon current projects available and business workloads available)
- Learning programs to build upon your professional and technical skills
- Networking opportunities across business teams and their Executive Leadership Team
Mirvac doesn’t publicise its remuneration arrangements, aside from noting it offers staff a “wealth of health and wellbeing programs”. Reports suggest salaries are around the industry average and it’s possible to earn substantial bonuses.
Mirvac promises staff “a flexible and innovative working environment, strong leadership and clear career development opportunities”. It can also offer staff “the opportunity to work on some of the industry’s most interesting and challenging projects”.
Given Mirvac’s consistent growth, you should have plenty of opportunities to progress if you perform well. If you decide to move on, a stint working at Mirvac will look good on your resume.
The vibe of the place
Mirvac staff seem to be happy. A recent employee engagement survey found an overwhelming majority of them believed Mirvac cared about their health and safety. Staff also thought their manager supported them to “find an appropriate balance between their work and personal commitments” and agreed with the proposition “Mirvac has a culture of continuous learning and improvement”.
From the employer:
Mirvac is a leading, diversified Australian property group, with an integrated development and asset management capability. We have 45 years of experience in the property industry and an unmatched reputation for delivering superior products and services across our businesses.
Principally located in Australia's four key cities of Sydney, Melbourne, Brisbane and Perth, Mirvac owns and manages assets across the office, retail and industrial sectors, with over $18 billion of assets currently under management. Our development activities allow us to create and deliver innovative and high-quality commercial assets and residential projects for our customers, while driving long-term value for our securityholders.
Our integrated approach gives us a competitive advantage in the creation of quality assets across the entire lifecycle of a project; from planning through to design, construction and development, leasing, property management and long-term ownership.
Recognising the contribution we make to Australia’s major cities, our purpose, Reimagine Urban Life, inspires us to question how and why we do things. With a strong focus on our customers, we’re asked to think about how we can redefine the landscape and create more sustainable, connected and vibrant urban environments, leaving a lasting legacy for generations to come.
Our Internship Program
Mirvac’s vision is setting the standard as a world-class Australian property group that attracts the best of the best!
As a leader in the Australian development and construction industry, our employees benefit from working in a flexible and innovative working environment, strong leadership, clear career development opportunities and a wealth of health and wellbeing programs. Our focus on Diversity & Inclusion has undoubtedly helped us to achieve overall increased levels of staff engagement. Our overall group engagement score for 2018 was 90% putting us in the global high performing category for the second consecutive year
Interns are our future leaders! We are looking for people with the right combination of skills and values to drive our vision and strategy across our diverse business.
With opportunities across multiple areas of our diverse business for our Internship Program we will be recruiting penultimate year students from the following disciplines:
- Construction Management
- Mirvac Design (Graphic Design & Architecture*)
- Property Development
- Finance & Business insights (Traditional Finance & Financial Analytics)
- Human Resources
- Investor Relations & Communications
*All internships in the areas above are accepting applications from Penultimate year students, with the exception for our Architectural Design Internship which will only be accepting Masters students.
Internship Program Structure
Our commitment to you is up to a two-year structured program tailorable to your study needs with performance review meetings through your program, designed to prepare you for a successful and enduring career with us.
Applications for our NSW Mirvac Internships have now closed.
Applications are currently under review for individuals that have submitted their interest during the open application dates (1st June to 30th June 2018). All interested applicants will be contacted mid-July onwards for feedback and/or next steps after this review period.