HSBC London Update?
Any updates on HSBC culture, best teams, salary, bonuses, exits? Specifically for London. Any info is appreciated :)
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AN1 como still 60, culture still trash
Damn harsh, why is culture trash? And any info on bonuses?
lmao I heard it was in the 50's, so that's better than expected at least.
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Bump
It is a shit bank when it comes to IB apart from their leverage finance team
Got a few mates there.
Very much a lifestyle bank. Lots of passengers across the floor and lazy juniors just coasting. M&A in London has a culture of bone idle associates and is particularly bad.
Certainly from what I hear its not "trash" or a "shit bank". There are many who are far worse for culture and flow (eg. Nomura).
Few decent groups (both from friends there and seeing them on deals)
Pay is typical tier 2 level. Lower than BBs at Analyst level for the base but on par above in terms of base with Citi/Barclays etc.
Exit ops depend on group. Lots of MidMarket PE exits with coverage often going to corp.
How does total comp progress (bonus as % of base etc.) as you move up to Senior Assoc and VP?
Doubt it's that good. Heard MDs at HSBC on average are pulling a fair bit below 7 figs
Arent you former HSBC?
Nomura in Europe is definitely superior. Just compare the deals done. Comp is also superior.
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Does anyone know what the off cycle conversion rates are like?
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