Does referral still work in SnT HK
I heard some banks have been phasing out networking and referral as part of recruitment process. Does it still make sense to ask coffee chats and referral in Hong Kong for sales and trading first round interviews?
Based on the most helpful WSO content, networking and referrals still hold value in many recruitment processes, including Sales and Trading (S&T) in Hong Kong. However, the effectiveness of referrals can vary depending on the bank and its specific recruitment practices. Here are some key insights:
Networking Importance: Networking remains a critical component for breaking into competitive fields like S&T, especially if you're coming from a non-target background. Coffee chats and building connections with professionals in the industry can help you stand out and potentially get your resume noticed.
Referrals in Recruitment: While some banks may be phasing out heavy reliance on networking and referrals, they are still widely used in many firms. Referrals can help push your application forward, especially if the person referring you has influence or credibility within the bank.
Bank-Specific Practices: Larger banks or those with structured recruitment processes may rely less on informal referrals and more on standardized assessments (e.g., HireVue or aptitude tests). However, smaller firms or those with a strong alumni network may still value referrals highly.
Hong Kong Context: In Hong Kong, networking and referrals are still relevant, but the approach might differ slightly. Building genuine relationships and demonstrating interest in the specific group or desk you're targeting is crucial. Coffee chats can serve as informal interviews, so preparation is key.
In summary, while some banks may reduce the emphasis on referrals, they are still a valuable tool in Hong Kong's S&T recruitment landscape. It makes sense to continue networking, scheduling coffee chats, and asking for referrals, as these efforts can still provide an edge in securing first-round interviews.
Sources: My FT Recruiting Process, The future of Hong Kong high finance, FT recruiting timeline London, How do referrals really work from the inside?, Want to get me on the phone? Here's how - a networking overview.
A better question to ask is, why not...
Don't even know anyone's ever done this tbf
Accusamus et dolorem aut consequuntur facere sint quia. Voluptatibus molestiae aut rem quo. Pariatur vel doloremque provident mollitia. Omnis quaerat quibusdam voluptas mollitia voluptates sit qui.
Tenetur voluptatem ipsam temporibus est magni ducimus expedita rerum. Laborum odio iusto libero. Sit modi quod sed blanditiis totam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...