CICC IBD?

Hi everyone!

I am a sophomore at a target. I have an opportunity to intern with CICC (China International Capital Corporation) in its IBD in Shanghai (personal connection) this summer. Should I take it? Will CICC's internship help me in my internship application during my junior year? I am aiming at a BB IBD SA in my junior year.

Thank you!

 

Yep! Plus, you're only a soph :) An int'l experience at one of the best Chinese shops would not hurt you. I got a friend like you, her path is domestic top PE fund in soph -> BB IBD internship in junior -> MBB offer in her senior year. Good luck & enjoy Shanghai!

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TheMasao:
What do you mean by "experience with the firm"? Please clarify.

Experience as in "previous employment with the firm as an SA, FT or simply interactions and things you've heard about CICC IB"

Sorry about that!

 
ibhopeful532:
If you want to work in CHina long term, no reason not to start at CICC. A solid upper tier foreign BB in HK will be good as well.

Yeah that's what I've heard from my friends as well, I'm just wondering if I will miss out on BB IBD exposure (aka more modeling intensive work). Just a note, I have interned at a BB before.

China is definitely my long term destination, so CICC is my top choice.

 
Papagogo:
Very strong bank, very good pay. but just hard to get in

Yeah I agree, the process was not easy and certainly demanded a good command of languages, technical skills and a mix of personality.

Have you worked there? If so, I could use some tips. Feel free to PM me.

Thanks!

 

Neither here nor there, but there seem to be a lot of ex CICC guys running around on the buy side here in the PRC. To be honest though, I have no idea how many are from the HK office vs. other locations.

 

Making a prediction that in 10 years time, CICC will absolutely obliterate foreign BB's on APAC league tables. Also, as soon as Shanghai opens its international board - foreign BB's go the way of Google China.

 
ibhopeful532:
Making a prediction that in 10 years time, CICC will absolutely obliterate foreign BB's on APAC league tables. Also, as soon as Shanghai opens its international board - foreign BB's go the way of Google China.

Considering CICC, amoung other Chinese firms, is subsidized by the government and foreign firms are effectively hamstringed when operating in China, I would agree. However, that assumes the Chinese government is still in existence, in its current form, in ten years time.

To the OP, CICC has a decent IB dept., about on par with Citi in regards to capability. Good at sourcing and acting as local advisors, but this comes from their close relationship with the government, not any particular skill set. They are less than average in regards to AM or WM. Much better firms in China, including Ping An, which has an incredible network of HNWs and UHNWs.

 

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