Got an offer for HSBC IBD summer internships. They are giving me options within advisory, which team would you pick.
M&A
One of the sector teams: Chemicals, Consumer Retail, Financial Institutions Group (FIG), Financial Sponsors Group (FSG), FinTech, Healthcare, Industrials etc
Investment Banking Coverage
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Either Chemicals or TMT
Those 2 have the highest deal flow by far
Second on Chemicals. The only group I have seen on any M&A deals (albeit my short career of 3 years)
Thanks so much for the advice. I’d seen that Chemicals was the best sector group on other threads however my mentor told me I shouldn’t pigeon hole myself into a sector group early into my career. Do you agree?
Thanks for the advice. Would you choose a sector group over general M&A though. My mentor told me not to pigeon hole myself so early in my career.
b
M&A is probably the most coveted. FinTech may be interesting. CS just hired someone away from fintech here
Ok I am a noob but what’s the difference between being on a sector team and doing general M&A. Like will I also work on stuff like fin tech and chemicals if I’m in general M&A?
yes just from more of a deal logistics perpsective and less of a market outlook perspective
they actually hired 4 guys from HSBC FinTech to join Credit Suisse's TMT
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yeah i pmed you.
Industrials 100%
I also accepted an offer from them. Did they tell you that you can choose your coverage team? I haven’t gotten information on that yet.
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