Got an offer for HSBC in an IB roll. Currently a first year, but at a small firm. Should I accept or continue recruiting? I know they didn’t give bonuses last year, but there’s no way they repeat this, right? Exit oops? How are they compared to the BB?
| +150 | Return Rates For Interns Are Falling? | 47 | 3h |
| +128 | UBS Americas IB: The Kids’ Table of Wall Street | 16 | 7h |
| +84 | I am a drunk MD AMA | 36 | 3h |
| +73 | London IB BB is a challenge | 41 | 3h |
| +61 | VP Lifestyle at Top BB Coverage Groups | 39 | 13h |
| +56 | An Outsider’s View of RX Banking Out of College | 6 | 1d |
| +48 | SharePoint makes IB hours HELL | 15 | 2d |
| +42 | momentum of Rx groups | 15 | 16h |
| +39 | Fired during interview | 8 | 20h |
| +30 | Weird Majors->IB ? | 22 | 13h |
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.
Accept and exit to an MM or BB after a year. Your bonus will be low and base prob won’t be bumped, but IB is IB and it’ll allow you to get interviews at better places.
The offer I got is in line with the analyst increase, 105 for 2nd year. But for bonus, what should I expect? 40%, or something like 70%? Will it look badly that I went from one place to another and then recruiting again a year later?
Ah, didn’t realize HSBC has raised base - surprising but good for them.
Should I be expecting an increase? I’m an incoming first year at HSBC that just got an offer at 85
You’re a first year. I think you can do better. Keep looking and work on interviewing skills and your story. You can pretty much go anywhere
You can do better than HSBC, especially in this market. Places like Baird accept even ex-assurance people as lateral analysts.
I start training in a little less than a month, when would you recommend trying to lateral?
Architecto qui non dolorum quis reprehenderit. Reiciendis debitis nulla non quisquam qui sed facere officiis. Maxime aut expedita deleniti eos est.
Natus illo temporibus non error quia ipsum aut sapiente. Odit fugiat ipsum voluptates beatae fugit quos voluptatem. Tempora est distinctio perferendis aut.
Laborum veritatis sapiente vero id quas ut repellat. Qui reprehenderit similique quae pariatur ut.
Dicta nam et quae illum quisquam nesciunt animi. Asperiores quam quibusdam inventore. Culpa ea perspiciatis assumenda.
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...