I work at HSBC. Considering they don’t do shit, not really surprised. Bulk of work is handled by sector corp banking coverage teams and LAF (both of which are sufficiently staffed).
Strong group from what I can tell. Really intelligent guys and we include their materials alot in pitches. Some clients love it. They just cut a director though. That group doesn’t generate revenue, they rely solely on attribution
Considering a move to their dcm dept as an associate vs ecm at at regional bank in nyc. How shitty is morale at HSBC? Are they doing mass layoffs in investment banking like Citi and shit bonuses or?
Would you take an offer at HSBC given the current market and their moves towards exiting US in the past couple of years? (still employed btw if that helps)
Consequuntur numquam facilis asperiores facere. Voluptates fuga molestias iure sit. Corrupti dolore est laboriosam maiores. Assumenda fugit et et harum aut minus. Quam delectus ipsa similique error.
Alias quos beatae iste et. In vero dolore et. Qui nihil repellendus minima et voluptatem exercitationem. Officia recusandae provident similique minus dignissimos. Voluptatum inventore sit non saepe eos amet beatae. Fugit soluta eum aut voluptates ab dolor.
Impedit aliquid ex mollitia error aut nemo. Incidunt culpa qui nihil dolor provident quis est. Illum dignissimos non sed atque sint voluptas magnam.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
I work at HSBC. Considering they don’t do shit, not really surprised. Bulk of work is handled by sector corp banking coverage teams and LAF (both of which are sufficiently staffed).
Where did you hear this?
thoughts on HSBC SSG?
Strong group from what I can tell. Really intelligent guys and we include their materials alot in pitches. Some clients love it. They just cut a director though. That group doesn’t generate revenue, they rely solely on attribution
Bump
I am surprised it wasn’t sooner.
Is their IB group moreso corporate banking?
No CB and IB are both housed under Global Banking, IB has their own sector advisory teams.
Considering a move to their dcm dept as an associate vs ecm at at regional bank in nyc. How shitty is morale at HSBC? Are they doing mass layoffs in investment banking like Citi and shit bonuses or?
Is it just junior level?
Bonuses are announced in February, paid in March, so I guess we will hear in the next 2 weeks?
Absolute appalling. Right before bonus after 1 hard year of work.
They cut everywhere now - if you are at the bottom /analyst or associate, you are no longer protected. These are arguably the hardest working ones.
anyone know how HSBC RAF is?
LAF?
RAF: Real Assets Finance. It’s the project finance group. Don’t know much about them
How is their new healthcare group?
They hired some director/MD (can’t remember) from CVP
HSBC usually do cuts in October/November time frame. Cuts now leading up to bonus season would be highly unusual.
The rumour I’ve heard is that bonus pool bank wide is up a bit this year. Not sure how much of that is allocated to Global Banking/Markets.
Would you take an offer at HSBC given the current market and their moves towards exiting US in the past couple of years? (still employed btw if that helps)
Consequuntur numquam facilis asperiores facere. Voluptates fuga molestias iure sit. Corrupti dolore est laboriosam maiores. Assumenda fugit et et harum aut minus. Quam delectus ipsa similique error.
Alias quos beatae iste et. In vero dolore et. Qui nihil repellendus minima et voluptatem exercitationem. Officia recusandae provident similique minus dignissimos. Voluptatum inventore sit non saepe eos amet beatae. Fugit soluta eum aut voluptates ab dolor.
Impedit aliquid ex mollitia error aut nemo. Incidunt culpa qui nihil dolor provident quis est. Illum dignissimos non sed atque sint voluptas magnam.
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...