Investment Banking in Suid-Afrika?

Ryan:

Investec Standard Bank Absa (division of Barclay - recently acquired) Rand Merchant Bank

We also have HSBC, Macquarie, Citi, UBS, Credit Suisse, JP Morgan. Most of the action goes to the local banks though. The internationals dont have the balance sheet to compete locally.

In more recent times the international banks are honing in on the advisory business and trying to establish a name in Africa. As as Ryan stated, they're still cautious of applying their balance sheet. This may change soon though

These days everyone from Rothschild, Goldman Sachs, Merrill Lynch, BNP Paribas, Deutsche Bank, Societe Generale to Renaissance Capital, HBZ, ICBC, China Construction Bank, China Railroad Construction Company, State bank of india, and ING are in South Africa seeking that emerging market Alpha

Silverback88:

Would it be easier for someone with a European degree to get an IB position in South Africa? I ask because I lived there for a long time when I was young and still have a South African passport (no visas, etc needed)?

It depends on whether you're going for analyst or associate. Generally the analyst programmes don't care where you're from. The associate jobs want emerging emerging markets experience. SA citizenship is a big plus.

dude again?

we gave u a list of interesting banks to look at after your last post. go online, check their websites for internship opportunities (both summer analyst & off-cycle) and start applying. if you cant find what you're looking for, pick up the phone and call HR at these banks and ask them to help you out. in addition, go to the careers center at witwatersrand and ask them to help you out with a list of possible employers that they have a relationship with as well as some alumni that you could contact and maybe get a meeting

if you just want a first internship in the world of (corporate) finance you may also wanna look at the United Farmers Fund in cape town. they offer internships on a regualr basis to students from SA and Europe.

Check out Barnard Jacobs Mellet, but seriously dude, you are asking about RSA when you are actually based there? I would imagine Standard Chartered has big operation there too.

Thing about banks here, is that they only offer internships to people in the final year, or in postgrad.

Dont pay much attention to 2nd years

find an internship then that will pave your way to a final year internship then. smaller bank/corporate finance advisory boutique, big 4 transaction services, private equity fund, asset management firm

or go abroad and go get an internship in Europe. there are plenty of opportunities out here.

Thats what i plan on doing. Looking for internships at small firms, but nearly impossible to find these small firms.

My networking has helped me quite a bit though, as i met with a MD a week ago, and he assured me a postion in a programme next year.

But ill then, i need to find another 1