China IBD Intern or NY Commercial Bank Risk Management?
Hi everyone I'm a sophomore at Notre Dame. Math Major. I managed to land a summer IBD intern in CICC(China International Capital Corporation) and CITIC Securities in Beijing. My another option is to intern at Bank of China NY office and do risk management. Which one should I take? (Aiming for junior year BB SA) It seems IBD are definitely more relevant but since banks have started recruiting RIGHT NOW, isn't staying in NY would help more in terms of networking? Also superdays would be a concern if I stay in China (Think of taking 14 hours flight and do three rounds interviews) ALL suggestions are appreciated. Thank you very much
Can anyone help me decide? Which one would add more value to my resume? Can anyone talk about the reputation of three firms outside China? I have to decide at most in two weeks. Thank you
CICC is a very good name. Especially if you want to apply for BB SA in HK, it will help you recruit well. No brainer.
But I heard it's harder to convert SA into FT in HK? Is that true? I knew a guy who went to HK MS but didn't get the fulltime and come back to US. (He landed a S&T at Barclays) Not sure if it's just him or general situation
Yes. Usually, banks give 50% return in HK. However, based on the current schedule, you should be recruiting for your junior year SA position already. People in the US might just assume you got the job with family connections, which is fine, but some might wonder whether you were actually given any task or not.
i hear Chinese banks are slavers. Why are all your options Chinese?
I guess go to Beijing for a summer? The experience is gonna be more related to actual front office work. Probably better than RM at another Chinese bank here in the states
Weird choices
Cause I'm Chinese lol. Sponsorships are killing me especially for sophomores. The only thing about the RM role is that it's in NY and banks are having interviews/superdays in the summer time this year.
Also I have an option to work for a tiny trading firm called T3 trading. But the internship is unpaid and only 4 weeks. I researched for this firm, its reputation is near to shit especially on this forum.
Go for the ibanking internship in Beijing and get relevant experiences. You can then use that in your full time interviews here in the US.
Thanks for your opinion. But isn't it extremely hard to land fulltime directly if I don't have an US-based experience? Should I try Sophomore Beijing -- HK BB SA-- US FT?
Sorry, thought you were a junior not sophomore. That sounds like a plan. You might even be able to spin it into Sophomore Beijing -> US BB SA -> US FT.
pick NYC location if you wanna recruit new york as it gives you a huge advantage in networking. yet, a cicc/citics name on your resume will help you a lot for HK recruiting.
looks like an optimum choice for me is to network my pants off for the next month and come back to China?
I would probably say so, but it really depends on your preference. cicc/boc wont make a significant difference in nyc recruiting, but staying in nyc and being able to network (successfully) in the summer will do. But for hk, cicc/citics really helps.
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