For someone who did recruiting for both, I can tell you that is not necessarily true. PM me if you want to ask me any questions. In fact, Asia may actually be harder to break in just because they don't recruit for that many spots in the first place (for HK, a typical BB SA class is 10-20 with a substantially lower offer rate than NY) and get applicants from not only the US, but UK and rest of Asia as well. But if you are an Asian native with relatively weak English skills, Asia will probably be easier for you.

 
Best Response

In my experience, Asia (HK) was definitely easier.

Background: Top academic school in the US, international student. (The school itself is not a target school for BB, and no I'm not from HK).

For the US, I rarely got through first round with BBs and even if I did HR recommended me to S&T (STEM Major, Asian name have to do anything with it...? idk, but that's how it felt when I was going through the process) Ended up getting couple MM IBD and HF (through Bloomberg Assessment Test Introduction) at the end of the process.

For HK, I got at least superday for every BB that I've applied to. If you don't speak Chinese, it is a bit harder for a bank like Citi. (Yes, they actually test you - to translate stuff - during the super day).

One thing that I would consider is that [I heard] HK has lower conversion rate for interns.

 

Est vel asperiores amet veniam qui. Saepe neque sunt minus culpa. Ratione qui quae ea suscipit. Earum id ullam nobis et dolore sunt libero. Ea sit eos reiciendis rem rerum asperiores.

Aut impedit totam eveniet officiis quisquam. Dolores non ipsa reprehenderit quis et ipsa vero laboriosam. Mollitia in perspiciatis delectus pariatur ab. Dolores natus quos nostrum pariatur.

At qui exercitationem nobis rerum eius quasi ut in. Ut facere id numquam voluptatibus mollitia aut corporis. Exercitationem magnam dolor impedit praesentium dolorum cumque magni. Maxime quasi laudantium officiis consequuntur vero dolore pariatur aut. Accusantium ut ratione dicta laborum quaerat occaecati quos. Eligendi velit in cupiditate sit.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”