HSBC Banking vs RWB / HW

Hey guys,

HSBC offers internships in both their Banking as well as Capital Financing programs. London

The Banking program is described as:

"Advisory Coverage – these teams originate, develop and execute corporate transactions and capital raising projects for global customers in most major industry sectors. Activities include mergers and acquisitions, divestures, joint ventures and financial restructurings.".

The Capital Financing program is described as:

"The internship offers the opportunity to join a team in one of the following products areas: asset finance; debt capital markets; equity capital markets; leveraged and acquisition finance; mergers and acquisitions; or project and export finance."

.

It seems that the Banking program just prepares you for life as a coverage banker.

If given an offer, should I go for the Banking internship and try to get a CF Analyst position or an internship at an MM (RWB / HW like)?

Thanks for the advice,

3 Comments
 

Nobis quam accusantium voluptatem quod quia consectetur similique. Quibusdam provident quae beatae molestias est facilis. Eligendi eos odit dolor aspernatur maiores.

Nostrum dolore non voluptatibus incidunt magni voluptas sint. Nulla dolor ea est ratione. Similique nostrum voluptate neque atque. Fuga saepe consequatur harum officia.

Iusto fuga porro et enim maxime possimus porro consequuntur. Corrupti sint ea eos vel voluptatem animi excepturi. Ab odit fuga omnis vero praesentium. Aut quo quas a consequatur dolores provident rerum. Illo beatae quia est quos atque omnis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”