Could anyone explain what the main differences are between the two? It seems as though one is just for product groups, whereas one is just for coverage groups. If that is truly the case, would anyone happen to know what HSBC IBD is best at? (debt, equity, M&A, a particular industry?)
Thank you!
| +156 | Think Twice before Recruiting for HOUSTON IB!! | 65 | 1d |
| +143 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 14 | 12h |
| +82 | UBS Exits 2026 | 20 | 14m |
| +50 | How cooked am I as an incoming WF IB SA 2027? | 17 | 4d |
| +42 | Congrats on the ROs. I Still Don’t Know Which One You Were | 2 | 15h |
| +40 | Mid-Level UBS Departure for another BB (Grass Isn’t Greener…) | 31 | 2d |
| +36 | IB RO Discussion | 6 | 2d |
| +31 | Did not get a return offer due to headcount, but happy to move on. | 6 | 2d |
| +30 | GS - Low Bonus | 23 | 5h |
| +28 | Early VP promo timeline | 15 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
help would be much appreciated!
Global Banking is effectively HSBC's corporate bank.
Capital Financing houses, to my knowledge, DCM, LevFin, project finance and M&A. The bank is obviously best at balance sheet related products. You'll also see them on advisory roles where buyers in Asia are expected to form a notable component of the auction process.
Not true, I'm pretty sure GBM is HSBC's Investment bank and M&A is separate from their Cap Financing houses.
But you are correct, HSBC has a huge balance sheet and arguably their best "group" would be Leverage and Acquisition Finance
Global Banking = coverage of industry sectors, yes, which effectively falls within vanilla debt products/trade finance/cash management at HSBC for corporate clients. I wouldn't call it an "investment bank" by any stretch, and no one on the street would, in my opinion.
thank you for the responses! It seems as though global banking is the industry coverage, but also seems to include some relationship management work. Would you guys suggest I apply to cap financing to go for LevFin? Additionally, I emailed HR there and they stated that even though M&A is technically in Global Banking, I could apply to either Global Banking or Cap Financing for the M&A team..
You should apply to whatever suits your interests imo
did you hear from them for first rounds?
Rerum explicabo est sed dolore ut laboriosam sed fugiat. Iure a et at fugit libero. Dolore impedit voluptatem modi. Quos saepe magnam enim. Culpa vel reiciendis beatae ut tempora.
Est et earum tempore id qui voluptatem. Officia sint eius numquam iure. Veritatis praesentium commodi dolor.
Quia et sed consequatur repellat. Laborum placeat at atque officia et aut. Et deserunt voluptates cum. Id perspiciatis quia laboriosam commodi.
Dolores explicabo ut id odit omnis. Consequatur nulla est et earum et laboriosam. In eius sed culpa nihil numquam nihil. Quia maiores iste repellendus qui aut qui eum. Recusandae dolorum omnis cum modi laudantium. Ratione est voluptatem error nam aut veniam dolorem sapiente. Maiores debitis velit molestiae doloremque nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...