GS HK IBD Generalist vs MS HK MA
Hi all,
I got the SA offer from MS HK office and just finished my final round with GS HK office. Feel it's highly possible to land an offer from GS also.
So what do you think I should choose? I guess I could argue with MS to end up in MA team. But MS has a very low SA to FT conversion ratio in HK. GS first year analyst would be put into a pool and they don't have junior bankers for MA team. But GS has a rather high conversion ratio and seems to have a stronger presence than MS in Asia.
Look forward to hearing your advice. Would also be very appreciated to hear some insights for MS and GS different team's performance in HK.
Wait for GS offer. If you get it, take GS; else MS.
Could you please elaborate the reason a little bit?
Btw, the conversion stuff doesn't worry me that much cause I'm pretty confident to get a return offer. Would like to more focus on the long term career development.
MS M&A will provide a superior modeling experience that will position you better for buy-side. From my understanding, most of the serious modeling work for GS is done by their Beijing teams. So if preparation for the buy-side is important to you and you're indifferent about conversion ratios, then MS is likely the better bet.
I would caution you, however, against disregarding conversion rates. Interns can not receive return offers for reasons beyond their control, and it tends to be wise to place the odds in your favor. An option you might consider is to take the GS offer and then leverage the brand name and return offer for a full-time PE analyst position at Blackstone or KKR.
Thanks a lot for your kind reply. Just curious about why the serious modeling working would mostly done by BJ teams. What's work split between BJ and HK teams? From my understanding, BJ and HK have different sector focus, i.e. BJ has lots of NRG bankers while for others it seems most bankers are based in HK.
also waiting for GS. could you post hear when you hear from GS?
Sure. The interviewer told me they have difficulty to make the decision right now. No offer is out for HK office yet.
Many thanks for your information. Also waiting for GS, gl and please post it if there are out.
You're confident you'll get a return offer? Be curious to know who you are if you're so confident
any update about GS HK IBD?
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