Anyone Interested in IB or PE recruiting (HK&LDN)? Happy to answer and discuss!

Monkeys, I work for a USD mega fund based in HK. Previously I was an analyst for a US bb IB based in HK and LDN. Graduated from Oxbridge. I would be happy to answer if you have any recruitment Qs in Hong Kong or London.

Some updates:
I am happy to do some complementary IB mock interviews or career advices sessions (45mins session) Please feel free to PM me.

 

So how's the deal flow actually like now? Heard that decent targets only take gov/SOE-related affiliated money now. Also BBs are cutting down like crazy.

Would you think the hiring is gonna get better any time soon? Asking coz I like the market a lot and ideally want to move over in a year or two

*Asking about HK here 

TIV!

 

Not sure about the trading floor, for IBD- I would say not good but getting better. Pipelines are on cycle. However, for now, I didn't see any banks hiring for a front role in Hong Kong. For lateral junior (ana/asso) hiring, you should regularly check the official career sites. Saw you work in consulting. I suggest you do networking a lot with headhunters and industry professionals to get some inside info. That will be helpful. 

 

Thanks for sharing. Meaning to ask both IB and PE

Yeah def keeping in touch with friends in HK. Getting the same vibe. Doesn't look like IB hiring is getting back soon. 

Can you elaborate a bit more on how USD/ foreign funds are doing atm? Interested in hc, pipeline, trendy sectors etc.

 

What are associate salaries in hk ibd like, for BB versus tier 2/3 banks? Does everyone automatically get housing allowance too?

What were hours like when you was at a BB versus the fund you’re in now?

Is everyone back to working from office now in hk, full 5 days a week?

thank you!

 

What are associate salaries in hk ibd like, for BB versus tier 2/3 banks? Does everyone automatically get housing allowance too?

  • Given that I left banking at the analyst level, I give you an analyst base for your reference- 79k HKD per month
  • Yes, you'll get the housing allowance
  • I am not sure about the tier 2/3 banks 

What were hours like when you was at a BB versus the fund you're in now?

  • BB I usually left my firm around 11 pm 
  • Now, I leave around 10 pm on average

Is everyone back to working from office now in hk, full 5 days a week?

  • Yep
 
vodkainhongkong

What are associate salaries in hk ibd like, for BB versus tier 2/3 banks? Does everyone automatically get housing allowance too?

  • Given that I left banking at the analyst level, I give you an analyst base for your reference- 79k HKD per month
  • Yes, you'll get the housing allowance
  • I am not sure about the tier 2/3 banks 

What were hours like when you was at a BB versus the fund you're in now?

  • BB I usually left my firm around 11 pm 
  • Now, I leave around 10 pm on average

Is everyone back to working from office now in hk, full 5 days a week?

  • Yep

Very helpful thanks!

I assume you left banking 1 or 2 years ago now, or more recent? (Just curious as guess ANL salaries may be higher now with the industry pay rises). Is housing allowance include in your 79k figure or is on top?

How are you finding culture in hk versus london? Any major differences that stand out or took time getting used to? What are the things you like/dislike about working in hk now?

I am looking to move soon from London to hk so finding this thread super useful, thanks!

 

I gave the current average salary for analyst year one. And yes, housing allowance is included. I can’t talk more about the salary given that is confidential lol.

I am fine with living in HK. No conflict for me. But one thing about be careful about your little secret like dating stuff, ppl in here is so snoopy and your life interlocked with them so tight no matter what (Crying here…..)

 

Sharing my 2 cents here. I worked in HK for SA in BB IBD but moved over to London now.

  • work culture: slightly more relaxed in UK but still long hours! More respectful over holidays though
  • pay: substantial haircut, HK was 70kHKD per month at the time (not sure about bonus) vs London GBP60K (higher bonus figures 50-100%). Tax makes a huge difference lol
  • vibes as an Asian: definitely felt more “out of my comfort zone” in London vs. HK, in terms of office chit chat, hobbies. Also not as close with colleagues than I would be in hk (used to hang out outside of work… when you’re not in the office!) - think that’s understated
 

Exercitationem commodi quod at recusandae aut. Soluta veniam iste earum dolore. Nam cupiditate ea unde saepe commodi eligendi ab.

Enim ratione ipsa qui sunt. Non esse expedita dolorem nostrum et iusto suscipit alias. Nobis deserunt voluptas veniam veritatis. Necessitatibus rerum facere animi alias eius. Ut eum sit quae quibusdam.

 

Quae at nam et asperiores cumque ea error. Soluta vero distinctio sed tenetur quo voluptas. Quidem beatae facere autem rerum hic.

Possimus facere officia provident incidunt. Est neque laboriosam reiciendis ut iusto voluptas aut. Dolor dolores dolorem corporis quis magni accusantium. Ipsa voluptas maxime qui laborum quisquam ut natus consequatur. Hic non quis explicabo nihil rerum aliquid magni enim.

Ipsum iure quis assumenda quas. Temporibus incidunt magni quis voluptatum quia et dolores. Saepe voluptatem et perspiciatis similique non est quod. Qui eaque alias dolorem totam quas nisi consectetur quia. Aperiam optio et omnis aspernatur modi. Incidunt sit rem consequuntur.

Et maiores quia blanditiis fuga et quidem. Ut aut animi quia cum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (90) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”