1) How would an internship at Bank of China (NY) or Bank of China (HK) look for FT BB recruiting 2) Anyone interned there? Is this on the same tier as say BOML etc? 3) They are the largest bank in China, but how are they viewed in the US?
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Baby girl you need to stop creating threads on every single bank you are even thinking of applying to. What's boml
from the perspective of someone that has worked in HK at a BB,
chinese IBD's don't know wtf they are doing yet. if you want the Asia exposure, just join a BB's Hong Kong office
I think it's not that good of an opportunity and you might pidgeon yourself. Seems very risky
If you worked in IBD in Bank of China it doesn't mean anything. The deal flow in China is slow and it's more bureaucratic than anything else. Bank of China will be equivalent of Pipper or even less reputation wise in the U.S. They are the largest bank in China and state owned, but they are no BofA ML by far when it comes to international prestige and banking. I don't recommend interning there if you can avoid it. Stick with getting experience in the U.S. If you want Asia, then choose the BBs in HK, Singapore or Tokyo. If you are set on China, then GS and UBS are currently big in China. GS in Beijing and UBS is expanding their Shanghai presence.
How about BOCI Hong Kong in terms of IBD. I see on the league table of HK market that it's always within top5 equity offering. Anyway, I agree that Chinese IBD work more on using guanxi(relationships) rather than business.
No..just no.
I apologize for reviving an old thread.
The OP asked about the prospect of leveraging IBD SA experience in a large Chinese bank in summer of junior year to attain FT BB offer in US. It seems like the opinions are unanimously that it's a bad idea.
However, what if I work at IBD of a large Chinese in the summer of sophomore year? Would that be a better option than no name boutiques or elite boutiques in U.S. in order to secure a IBD SA position in a BB in US for junior year?
Thanks so much in advance!
You have seriously no idea about the competitive landscape in China. Please share with us the best desks at HSBC if you are so knowledgeable.
OP, as previously mentioned, GS and UBS are the way to go. DO NOT FOLLOW SULLIVAN'S ADVICE. He only wants to sell you a HSBC internship.
Sullivan, GI2C did not hook you up with anything you paid them so they could pay someone else to let you work there.
Citi is also pretty good, but UBS and GS are top in HK.
That's also the case in mainland China, right?
Not sure - mainland is dominated by domestic banks last time I checked; will have to readjust my preftige rankings for mainland China :)
Okay. Thanks!
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