IBD HK SA 2012 - JPM or UBS?
Hi everyone,
So I went through both JPM and UBS IBD HK Superdays for the past two days and received an offer from both places via phone call last night. Very fortunate, I know, and now the difficult part -- which one should I choose? Any insights/ comments will be greatly appreciated!
Do you speak chinese?
Yupp
JPM. As always, it'll come down to "which place's culture you like better", but if you have the same feel for both places, go with JPM.
Could I just ask, if these 2 options are situated in HK?
I have completed an internship in HK in the Corporate Finance and Treasury Department for a mega-conglomerate and my mother tongue is Chinese (Simplified). However, HK uses traditional Chinese (unlike China) and lots of reports and contracts are written in traditional Chinese and I suffered quite a bit as a result.
Also, HK uses largely Cantonese (Chinese dialect) but the locals can converse in Chinese just fine.
JPM - UBS is falling off the map with Henry Cai departure.
99% of the stuff in HK @ BBs is in simplified. A portion of analysts (usually on industry team) have no mandarin capabilities and they do fine...
Does anyone know what the conversion rates were for jom and ubs last year? Some people said it was high, some said low -- what's up with this discrepancy?
Henry Cai left a long time ago and he's not the only reason UBS is falling off the map. A ton of others have jumped ship.
Depends on what group you are going to be in - JPM is overall more stable
Simplified and Traditional is a matter of clicking an option in Microsoft word ... (as in you can turn a whole doc into one or the other)
DebunkingMyths, do you have any idea about the conversion rates for both jpm and ubs?
JPM HK IBD's conversion rate was high in the past 2 years -- much higher than MS HK IBD for sure, but not sure about UBS...
One thing to take note is that JPM hired tons of summer interns last years, as at the beginning of the year everything looked so promising yet markets started to collapse in Aug. However, JPM still keeps the promise and retain most of the summer interns (as high as in 2010).
crappy environment - most people hire out of summer pool - its just cheaper.
MS hires most of the fulltime from summers - not sure what you're talking about bud
Sorry I meant they hired most of the headcount out of summers. In terms of how many of the summers got offers - aint ridiculously high but reasonable so sorry if that's what you meant
what about for ubs?
^ no idea
Is being fluent in Mandarin more important than Cantonese in HK IBD?
Putonghua is definitely being valued higher, the more important if you can process simplified Chinese. E.g. Mainland students with good command of English will be more valuable than a student from Hong Kong with good command of English but inferior Putonghua. In most scenarios.
^ yes. When are you going to use Cantonese?....
^ to add on, Mandarin is widely used in HK because of the inlux of China internationals.
Haha guys theres gotta be better criteria in terms of deciding which bb to join than how good my mandarin is
I think you can wait and see if you can get something great in New York
is working in NY really that much better than working in HK?!
I think definitely working in NY has its advantages
If you're looking to break into China in the long run by setting up your own fund (AM, PE) or boutique IB etc, I would think that HK has its advantage over NY.
UBS IBD+GCM conversion rate last year is 10/19 in hk
jpm
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