Incoming LSE A&F (HK Local), is there anything I can do to best prepare and position myself for the HK High Finance market?

I’m a Hong Kong local who will be starting my BSc in Accounting & Finance at LSE this upcoming academic year. My ultimate goal is to return to Hong Kong after graduation to work in high finance, but still haven't decided on the specific sector yet. I want to make sure I am doing everything possible to be competitive.

I would love to get some advice from anyone familiar with:

Internships: Should I focus on applications strictly on London offices and try to transfer to HK later, or try come back to HK and look for some?

Technical Prep: Besides getting involved in LSE student investment funds and maintaining high grades, is there any specific technical prep I should do in my first year?

Preparation: Is there anything specific I should read or learn about before headed for LSE in September?

I know I may be over stressing a bit, but any advice is greatly appreciated. Thanks in advance!

4 Comments
 

To position yourself effectively for the Hong Kong high finance market as an incoming LSE Accounting & Finance student, here’s what you should focus on:

Internships

  1. London vs. Hong Kong:

    • Start by targeting internships in London during your first and second years, as LSE’s location gives you access to top-tier firms. Many firms have global mobility programs, making it easier to transfer to Hong Kong later.
    • For your penultimate or final year, consider applying for internships in Hong Kong. This will help you build local connections and demonstrate your commitment to the HK market.
  2. Networking:

    • Begin networking early with LSE alumni working in Hong Kong. Attend events, join LinkedIn groups, and leverage LSE’s career services to connect with professionals in your target sector.
  3. Sector Exploration:

    • Since you’re undecided on a specific sector, explore internships across investment banking, asset management, private equity, or hedge funds. This will help you identify your interests and build a versatile skill set.

Technical Preparation

  1. Student Investment Funds:

    • Joining LSE’s student investment funds is a great start. Take on leadership roles or participate in stock pitches to stand out.
  2. Financial Modeling:

    • Enroll in courses like the WSO Elite Modeling Package, which covers financial statement modeling, DCF, LBO, and M&A modeling. These skills are highly valued in high finance roles.
  3. Language Skills:

    • If you’re not already fluent, work on improving your Mandarin. Many Hong Kong roles, especially those tied to mainland China, require proficiency in Mandarin for client interactions and deal execution.
  4. Excel Mastery:

    • Familiarize yourself with Excel shortcuts and basic modeling. Consider attending bootcamps like the Excel Master 4-Hour Bootcamp to build a strong foundation.

Preparation Before LSE

  1. Reading Recommendations:

    • For technical knowledge:
      • Investment Banking by Rosenbaum and Pearl (for valuation and modeling basics).
      • The Handbook of Fixed Income Securities by Fabozzi (if interested in credit or debt markets).
    • For market understanding:
      • Regularly read the Financial Times, Wall Street Journal, and Bloomberg to stay updated on global and Asian markets.
    • For behavioral insights:
      • How to Win Friends and Influence People by Dale Carnegie (to improve networking and interpersonal skills).
  2. Cultural and Market Knowledge:

    • Learn about the evolving dynamics of Hong Kong’s finance industry. For example, mainland-based asset management firms are increasingly hiring in Hong Kong, often favoring candidates with a master’s degree or strong local connections.
  3. Soft Skills:

    • Develop strong communication and presentation skills. These are critical for interviews and on-the-job success.

Additional Tips

  1. Plan for Master’s Degree:

    • While not mandatory, a master’s degree from a top school can enhance your competitiveness, especially as some mainland-based firms in Hong Kong prefer candidates with advanced degrees.
  2. Adaptability:

    • Be prepared for Hong Kong’s unique work environment, including its fast-paced nature and small living spaces. This will help you transition smoothly when you return.
  3. Have a Plan B:

    • The Hong Kong finance market is competitive, with a preference for locals who speak the language and have regional expertise. Always have a backup plan, such as exploring roles in other Asian financial hubs or leveraging your London experience.

By focusing on these areas, you’ll be well-prepared to excel at LSE and position yourself for a successful career in Hong Kong high finance.

Sources: Q&A: 2nd Year Equities L/S HF Analyst in Hong Kong, The future of Hong Kong high finance, Q&A: 2nd Year Equities L/S HF Analyst in Hong Kong

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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Internships - At least one in HK at reputable shop preferred as it's the best proxy you can do the HK job.

Preparation - Would recommend digging up profiles (LinkedIn, alumni, HK SA / Grad cohort yearbooks if you have access) of the UK university students hired into HK Summer Analyst / Grad roles at the firms you're aiming for, to get a sense of their grades / clubs / internships (when did they do it in their university year, and where) and ideally aim higher.

Network - More broadly (not high finance specific), I found it helpful to have a good think about what types of people (character, intelligence, values, personal & life goals etc.) you'd want to surround yourself with, and find ways to put yourself in that type of environment. Whether that be through investment clubs, interesting courses, extracurriculars, or plain old reaching out to people. Being in the right circles, seeing what others are doing, seeking mentorship from people who are right for you, does help you learn and grow much faster than you'd otherwise be capable of alone. High finance is in some ways an extension of this.

Great to see you thinking about this early - much better to start now, rather than make up for lost time later.  

 

Thank you so much for the useful pointers. For internships specifically, do you think there is a specific number of internships I should aim for? 

 

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