2016 HK IBD SA - Are there enough spots for Koreans?
Asking for a friend of mine who is going to recruit for HK IBD SA 2016.
I noticed that there seems to be some Korean analysts and associates at HK office of BBs such as MS, JPM, Barclays, Credit Suisse, Citi. I was wondering are there Korean analysts at other banks such as BAML, GS, DB, Rothschild, etc.?
It also seems like these couple of years, all the banks hired alot of Koreans into their teams so would there be enough spots for incoming interns that can get a full time offer?
Would appreciate any insights since I have no clue about how recruiting in Asia works.
ah, the classic "for a friend"
honestly, I'm not sure what you're question is asking- it's a little incomprehensible. yes, hong kong offices tend to hire a number of koreans, but they're often not actually korean koreans, but more often than not korean americans who are interested in working in asia, but like the more international culture of hong kong, and don't want to rough it doing seoul banking hours
to try and answer your questions:
Yes, there are Koreans at all the firms- both Korean-Americans and Korean Koreans, though fewer of the latter (note that when I say Korean-Americans, I don't necessarily mean ethnic Koreans with American citizenship, but also Korean nationals who went to Penn, Duke, Cal, and other American universities, then decided to come back to Asia)
The number of full time offers handed out to SAs in Hong Kong offices is not significantly different than it has been over the past couple years. The banks generally over-hire summer analysts (maybe about 15 or so), but only wind up giving out offers numbering in the single digits. This depends on the firm of course. One particular data point I know of is that JPMs Sales team had about 11 interns, and only 1 of them got a return. I'm not sure however if they fill their headcount with FT hires, or if they just take a lot of laterals.
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