Morgan Stanley Finance Analyst v.s. HSBC Commercial Banking Management Trainee
Hi guys, appreciate all your help!
As a final year student, I currently have the two captioned offers on hand.
Feels like CMB involve more client facing opportunities while for MS Finance, it depends on which team I am assigned, like it will be a lot more dynamic if I am in Treasury but more reporting stuff if in Valuation/Product Control Team, which I will not know which team I will be in until commencement.
Both are Hong Kong based and I am struggling which one to accept. Any advice and also suggestion on criteria for consideration? Maybe also in terms of future career development as well as global mobility. (Given the pay from MS Finance is 16% higher than HSBC CMB).
Thanks a lot.
I think you should talk with HR from MS and ask them about headcount and where in the firm you'll most likely end up in. Negotiate with them, you have nothing to lose because you have a second offer. If HR from MS doesn't guarantee you Treasury for example, then take the HSBC offer. 2 years doing a front office role at HSBC will allow you to lateral into the other front office parts of the bank if you like, such as traditional IB, sales and trading, DCM, ECM, etc.
I would just highlight that HSBC does differentiate b/w Commercial and Corp banking, the former which may not be integrated with the IB as much as the latter
yea this is what I am concerned about cuz HSBC CMB has two branches as Business Banking (for SMEs) and Corp Banking (for large corps) while having a separate line as Global Banking - Corp Banking... I am worried that CMB is just doing simple loans and not much related to IB, which hinders my prospect at the end.
Following. What did you choose in the end?
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