HELP! Offer decision: NY BB IBD vs. HK top BB IBD
Hi I would appreciate some insights into doing IBD FT in NYC vs. HK.
Thanks for everyone's insights and replies! Very helpful!
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Definitely NYC BB.. HK IBD is for Asian kids who can’t land an offer in the US
Pick where you want to be long-term in your career. If you want to be in Asia long-term, then ignore all the advice to start out in the US especially with an offer from GS/MS.
If you want to retain optionality of working in the US you should consider impact on your immigration status if you leave the country now and think you might want to move back again soon (since you mentioned you don't have US citizenship potentially).
See where you want to be long-term. If you want to be in NY, BOFA and Citi are both great places to start
Much easier to go from US to HK than the other way around down the line
Most ppl on this forum don’t understand that HK IBD mostly, I mean 90% of the time, work on financing deals, aka IPO, since there are very few M&A in Asia. While IPOs are extremely profitable for the banks, they are terrible from a junior learning perspective. Analysts in HK almost never touch models, spend all of their time on translation work, marketing material and etc. By contrast, in the US, you’ll work on many complex transactions, both strategic and financial M&A deals. Thus, two years of IBD in the US will provide you with the stronger technical fundamentals and have an inherent advantage against HK analysts with recruiting for Asia PE.
NYC. No brainer.
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