69 Comments
 

Do people at HSBC network? From what I've been seeing, no one is open to networking.....

 

Got this message a little over a week ago, curious if anyone can tell me what this means.

"We are pleased to confirm that you have successfully met the minimum benchmarks for the selection processes that you have completed so far. Your application will now be reviewed in more detail and we will advise you as soon as possible if you are invited to the next stage of the application process."

 

On what we should expect in terms of the structure, I am not too sure as well but I am brushing up on my technicals since I am sure I'll ace the behavioral. They did say we will start off with 3 tasks that we would be assessed on and I am very worried about that part as I fucked up the last case study I did with an energy trading company for their SA position so bad the associates stopped the interview all together. It isn't hard just confusing. However.....

The technicals I have focused on is basic stuff like:

1. What is a bridge loan, revolver loan, bullet loan, term loan A,B & C (i think would be important)

2. What to look out for when assessing whether or not to borrow money to a firm -----> The 5 Cs of credit, 3 accounting ratios  

3. EBITDA vs Net Income (very important to understand in the grand scheme of things)

4. What is terminal value explained in detail

5.  $10 Change in depreciation in the 3 financial statements,  $10 Change in Account Receivable or Account Payable in the 3 financial statements

 I am an accounting major and have had an ER internship before so i expect they would want to go even deeper than these which is what I am shook about. 

Please let me know what technicals you are looking at or if you think I am missing something important

 

did you ever hear back? i did the job simulation two days ago and got an email saying that I met the benchmark and will have my application reviewed more closely. 

 

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