I am a first year student and have been offered a place on both Rothschild's and HSBC's first year insight programmes however the dates clash and I fear the dates are not flexible so will have to be forced to choose one over the other. The reason it is quite important is because the first year programme gives the opportunity to be fast tracked to the SA programme next year.
Would love to hear what people think, im inclined to go with Rothschild as its quite an elite name (correct me if im wrong) and coming from a non-target to get an offer from them was excellent news.
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sounds like I made the right call then. I have just spoken to both HR departments to let them know I'll be going with Rothschild. would have been great to get some markets exposure at HSBC though
hahaha! the true basis of all decisions ;) I look forward to that
FSG at HSBC and Advisory at Rothschild (all LDN) (Originally Posted: 10/13/2017)
Alright, I know this is the umptieth Forum on this, but I would love your guy's input on this.
So I had two Spring Weeks at HSBC and Rothschild and managed to convert both into offers for a summer internship. Yay me (I am definitely not from a target school). Now as the title suggested, I am holding an offer from Rothschild for their Global Advisory Division (what coverage group there is something up in the air). My HSBC offer is for the FSG pool (so a mixture of DCM, Lev Finance and FSG Coverage). You cannot specify any individual area, it is all lumped together.
I have spoken to analysts, and VPs at both to try and make my decision a bit easier. But I am really not getting anywhere. Both a VP and an Analyst I talked to, specifically mentioned PE to me with Rothschild. This is making my decision a whole lot more complicated.
If my goal is to switch to PE down the line, what do I go for? Prestige from the Boutique or skills from the FSG pool. If someone could clarify how modelling intensive Rothschild in general is, then that would be great and how exit opportunities look?
Kind of wish that BAML, MS, GS or JP would get back to me so I can take the easy way out or to post another thread on the topic.
From my understanding, Rothschild places better into PE. They're a very solid EB and while most would say their restructuring practice is probably their bread and butter, their advisory is also really solid. Congrats on both offers for sure.
Don't count HSBC out by any means. While most on this forum would jump to the prestige argument and just tell you to take Rothschild - HSBC is VERY solid in the LevFin/FSG space. Their ONLY solid U.S. group is their LF/FSG due to the balance sheet and the term sheets they're able to take on being headquartered outside the U.S.
That in mind, I'd still take Rothschild. It's a far smaller shop and you'll most likely have more deals to work on / talk about. In terms of exit opps, Rothschild's probably a better bet.
Agreed. HSBC is really strong in the Lev Fin space in London. Better than most of BBs in fact.
Best of luck.
Thank you for this. Quick clarification question, what is EB?
I wasn't aware that HSBC was so good at LevFin/FSG. Probably because of their reputation as a 'tier two' bank. The size aspect is something I am also weighing heavily, in case I do decide to stay on. It would make for a 'easier' promotions. Both seem to be really global as well.
If moving around a lot globally was something important for me, what would you guys recommend?
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