HSBC corporate broking v MUFG IBD (opinions pls)

I am currently choosing between graduate schemes at HSBC and MUFG in London. At HSBC I would be within the corporate broking (IBD) team, with a possibility for a rotation after my programme finishes into another IBD division. The role at MUFG is x3 IBD rotations (with one within coverage banking but yet to be confirmed which departments). Would be great to get some opinions on what the better position would be for a career within IBD, with a long term goal of moving over to buy-side

 

It 100% is not like corporate banking. It's sometimes a subset of ECM. In the UK corporate brokers are coverage type bankers in other parts of the world insofar they "own" the UK corporate relationships and advise them on various IBD (usually equity related) stuff.

 
Most Helpful

interned at HSBC at a team that worked a lot with corp broking team and was offered opportunity to join this team - they are alright people (there is a great director, who was supreme to work for, the staffer is alright too, as are the seniors - a certain associate was extremely condescending and frankly was a bit racist (not to mention they were pretty shit but seniors liked them so i guess that made them safe), a certain vp is a complete dick and after working with them made me not want to join the team, it was that bad) There were some good VPs / associates but they left to other banks. The work they do is all relationship management eg looking at a company and reviewing what their peers are doing eg how exceptional expenses are reported or what disclosures are made about X etc, listening to earnings calls and working with the UK ER / S&T teams, looking at share holder registers and doing investor targeting, doing the UK market slides for any ecm or m&a deal, No modelling at all and all qualitative work for the most part. Not an execution team - in 2020/21 was the fastest growing area in in HSBC and grew massively with something like 30 broking clients. A good spot to be in to ride the wave but you would have a hard time trying to move into an execution team further down the line as exit opps are normally investor relations and thats about it. If you want an easy role that still pays IBD salary, this is the one - this is a very good team in terms of being good at what it does as well. Be warned, culture is a big deal in this team too. 

 

Qui occaecati quidem ea qui non. Ab vitae officiis blanditiis sed aliquid. Non rerum et eos sit. Magnam eius aut tempore reiciendis laboriosam a accusamus.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”