HSBC Reputation 2022/2023?
Any updated info on culture, 1st year analyst comp, hours, dealflow, trajectory? Particularly in NYC.
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Career Resources
One of the top EBs on the street. Exits this year to searchlight, oak tree, permira, Warburg. HC group is seen as the best. Mainly advisory and not much financing. Culture very good as well, pizza Fridays and protected Saturdays twice a month.
HSBC not much financing?
Ok prospect
Man the satire just absolutely flew by you. Bet you’re a fun guy to hang around
Satire is only good when delivered well 🤷♂️
Talk to a postman - would do you some good
Yeah how could you possibly miss the “EB” “Pizza Fridays” and loaded exits
Used to be in HSBC CB now on the buyside, comp is 125k for An1 which is a goldmine considering we don't work weekends and barely work on fridays. Hours in CB were around 12 hours a day.
I couldn't care less about prestige so honestly don't know where it ranks on that and it baffles me that people actually concern themselves with that garbage, I am on this planet to bang hot chicks and live a nice life, I don't care about impressing a few incels by telling them the bank I work for when girls and my family don't know the difference anyway, my friends in other banks are making 15k more but working triple the amount of hours with co workers that are an anal pain to be around, that does not sound enviable to me in any way shape or form. I will mention it in a moment but i had multiple chances to join BB's but I did not take it because it was not worth it at all.
HSBC mostly has clout in Europe and not in the USA so if you have not worked extensively or lived in europe for a long time you wouldn't know, hence a lot of Americans seriously underestimate them and you would get a lot of people bashing them on this website. These same people would tell you to take BAML over Rothschild in London because "Rothschild is a no name shop" (i have seen this on here before).
Exits in CB are better than expected, I didn't get any messages from BX but constantly got asked to join BB's and other top funds reached out quite commonly as well as other large companies.
People in HSBC are the same as people from every other bank, mostly we had a lot of ex JPM and Deutsche people on my floor as well as kids from Ivy Leagues and state schools, so I don't see how that would be much different from being on the floor of Citi or BAML.
The bank is really small though in NYC compared to BBs, IB and CB are on the same level (5th floor) in its current office and its never hard to find a seat. I heard in other banks its packed.
Also they are moving to a sweet new office in Hudson Yards called The Spiral, not gonna lie it looks kinda sweet.