Boutique IBD in US vs. IBD at Large Chinese Banks

Hello everyone,

I'm currently finalizing my summer plan and would really appreciate your insights. Which of the following do you think would best position me for junior year IBD SA recruiting at BB in US?

I have offer in:
IBD SA at no name boutique in US
IBD SA in large chinese bank, think CITICS, China Construction Bank & etc

I'm still in the process for:
IBD summer intern (not SA, only doing 20 hours and grunt work for the analysts) at an elite boutique, think houlihan lokey & etc
IBD SA in BB's Chinese regional offices

In my wild guess, the order should be:

IBD SA in BB's Chinese regional offices > IBD summer intern at elite boutique > IBD SA in large chinese bank > IBD SA at no name boutique in US

What do you guys think? Please advice and thanks so much in advance.

 
Best Response

Dude, China is the fucking Wild West. Assuming you have an interest in working in China in the future or going to business school, I would rank it: Regional BB > Large Chinese bank >>> Elite boutique >>> Boutique

I think the international experience would give you a fantastic shot at upper management in F500, lateraling to main offices in BB, or going to a top 5 b-school.

And when you say regional office, you mean like HK/Shanghai/Beijing right?

Because if not then I would switch the first two.

 

I think for the IBD in large Chinese banks, all the daily work & communication will be done in Chinese. Moreover, IBD in Asia is notorious for being relationship-based and analysts learn relatively little modeling. Assuming if my goal is to do at least the first two years in a BB in US and hope to stay in U.S. doing IBD or PE for as long as possible, is Large Chinese bank still >>> Elite boutique?

Thanks so much for all your inputs!

 

这要看你的中文写作能力和你的长远打算. 如果你是华人, 想在中国发展, 最好早点来中国工作. 中国的投行业和私幕正在快速本土化, 国外金融工作经验(包括香港)已开始与国内业务失去相关性.

 
elttaes2010:
这要看你的中文写作能力和你的长远打算. 如果你是华人, 想在中国发展, 最好早点来中国工作. 中国的投行业和私幕正在快速本土化, 国外金融工作经验(包括香港)已开始与国内业务失去相关性.
+1
If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
elttaes2010:
这要看你的中文写作能力和你的长远打算. 如果你是华人, 想在中国发展, 最好早点来中国工作. 中国的投行业和私幕正在快速本土化, 国外金融工作经验(包括香港)已开始与国内业务失去相关性.

i have nothing to add to this discussion, but i must say that I am really impressed with google translate.

It depends on your Chinese writing skills and your long-term plans. If you are Chinese, in Chinese development, best come early work. China's investment banking industry and the private curtain is fast localization, the foreign financial work experience (including Hong Kong) has begun to lose correlation with the domestic business.

almost sounds like natural, spoken english.

 

If this is for your sophomore year summer, I think your ranking makes sense. Having a brand name is what is going to help you the most to get an interview as a junior. Just try to make the most of your experience and make sure you know your finance questions inside out when your getting ready for junior year IBD recruiting.

This is all assuming you go to a target, because otherwise, you need to think about if you want to be in China or the States. As a sophomore, you could intern in Nepal and it wouldn't make much of a difference.

 

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