HK: CS vs HSBC vs BAML (all IBD SA)
Assuming you get offers from all 3 for SA in HK, which would you go for?
1) Not native mandarin speaker per se so probably will be staffed on non-China deals 2) Not eyeing exit for now if I get to return, probably not until beyond VP...
I heard BAML return rate was 5 out of 2x last year, compared to 80-100% at CS/HSBC. HSBC has the highest base comp (30+% higher), equally strong(?) as CS based on dealogic for this/last year, but promotion seems less structured than other BBs
My non-local friends are all telling me CS but my local friends say HSBC for sure. What are your thoughts? :P
Come to CS ;)
Bump. Appreciate that!
just posinga question, how would ur lack of chinese affect your conversion/performance at either bank?
I would say CS if you’re not confident in your Mandarin.
Thanks all. Probably going with CS, although just received the HSBC offer and it sure is a killer package!
What's the package? I have an offer for London and it's £45K+ including some fees for accommodation. Msg me and if you join HSBC HK we can be buddies (though I'm in London)
72k HKD a month, so sounds like way higher than London! Wow!!
Hmmm, while the HSBC package does sound really enticing, I honestly think you should consider brand name and exit opps. CS and even BAML will just place you much better for exit opps/b-school. But of course, BAML's return rate is low so not worth going there.
Just my two cents.
LOL it is a LOT higher than London
lmao... HSBC basically just pay their full time package to interns to lure them
U get the same package as full time there and at cs or baml
Pretty sure that HSBC package doesn't include summer housing. i know baml pays more for full time than intern to compensate for the lack of corporate housing
Their summer pays 71k And their full time pays 55k plus a 16k market allowance Does this clarify what confused u now
CS HK IBD vs BAML HK IBD (Originally Posted: 12/22/2013)
Hi all, I luckily got the IBD SA offers from CS and BAML. Does anyone have any idea about these two offers? Which one should I choose if I want to go to M&A group.
Btw, I'm still in the process with some other banks. Guess I will go on my interview with GS and MS. Is it necessary to interview with others, such as DB, Citi and UBS? I didn't get the first round from JPM and failed Barcap's final.
Thanks a lot in advance.
cs is shit dont go
UBS has always been strong in Asia, Citi and DB not that much. From what I heard, BAML is not that strong either. Not sure about CS. Try to leverage your offer to get the ones from GS/MS
GS is king in HK. CS actually has the strongest presence of all the BB's in Asia overall, but that's primarily in Singapore. I've heard terrible things about the world culture at CS though...
Could you please kindly elaborate a little bit on the terrible thing about CS culture? Are you referring to its 1st analyst layoffs two years ago? Thanks a lot.
GS is good, but clearly not the king in HK. HK has a very over-banked environment and there's no set "tiers" of BBs. this year is a bit of divergence from the usual, but check Finance Asia league table powered by dealogic. If you are aiming for SA->FT track I would say take a closer look at the IB M&A Fees ranking. That being said, I think MS M&A is killing it this year.
I’m at CS HK. Only two kids didn’t get return this summer out of 13 I think.
15 interns in total - 12 kids in IB, 3 kids in CM. Return rate: 10/12 for IB and 3/3 for CM. Was a very good year but it resulted in many unqualified retards getting offers as well.
what's the culture like? and do you guys recruit direct FT or does everyone have to go through the internship programme?
ICC is a much better place to be at than Central. I can't stand Central because it really feels suffocating. I'd go with CS.
not much to eat around ICC imo (only elements + if you're lucky, you get to walk to Jordan)
trust me, you wouldnt wanna walk to jordan from ICC in summer in HK...
I envy ICC people, just seemed like a cooler place to work lol. And housing in Kowloon is more affordable I heard.
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