It would be great if someone can tell me which firm is better in HK S&T and what the FT conversion rates are? How about Citi and Deutsche?
Help and advice would be much appreciated!!!
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did you get offers for these already?
got offer for merrill, jpm finish superday got some positive signs.
deutsche first round, citi final round. any ideas which one would be a better pick? help would be greatly appreciated!
when did you do your merrill superday and where?
I did it last saturday in NYC. Received my offer yesterday afternoon.
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Thanks! :) Do you have any recommendations as to which firm would be a btter choice?
Best of luck to you! I hope you get your offer soon
You're welcome and thanks for the well wishes.
Don't quote me on this, but it seems to me that JPM has a stronger presence in asia. I'd probably do a search on these forums to see what others think.. :)
First of all: Congratulations, well done!
Between BAML and JPM I would choose JPM because of a stronger franchise. But it most of all it depends on what you want to do. As I remember JPM does desk specific internships (might be different in HK). So it comes down to if you want to do a rotational or desk specific. Do you want to do trading or sales, equities or FICC??
Thanks primus!
I'm looking into sales right now and I'll be in a rotational program. I'm not exactly sure which desk I should pick because I don't have any preference. Which deck is generally a better choice? Thank you for your help
Thanks primus!
I'm looking into sales right now and I'll be in a rotational program. I'm not exactly sure which desk I should pick because I don't have any preference. Which deck is generally a better choice? Thank you for your help
Thanks primus!
I'm looking into sales right now and I'll be in a rotational program. I'm not exactly sure which desk I should pick because I don't have any preference. Which deck is generally a better choice? Thank you for your help
There is no such thing as a best desk!!! This is very important! If you search the forum you will find an endless amount of threads with UG's asking various variations of the "What's the best desk?"-question. And then you'll find that all the old monkeys will answer: "There is none". It might be that within IBD certain product groups have a higher deal-flow or tougher environment (i.e. FIG). But the so called rankings of best desks for S&T are BS. It varies year to year which desks that produces the highest revenue. And as an MD once told me, the surest indicator for a bubble within an asset-class is if all the summer-interns requests rotation on that particular desk.
So, when choosing your desk the most important factor is what interests you. What interests you Stern?? When you pick up the FT or the Economist which articles do you find the most interesting? What fascinates you when you watch bloomberg or cnbc? What kind of blogs do you read? Are you interested in companies, stocks, what kind of sectors are that are growing, changes in consumer patterns etc? Or are you interested in macroeconomic data, unemployment figures, government bailouts? What kind of books do you read, "Barbarians at the Gate" or "My Life as A Quant"?
The best way to get preferences is to read. Read A LOT ;) Read as much finance-related as you can get your hands on. Read about the markets, read about M&A and IBD, read about asset management etc. etc. etc. But hey, you seem like a smart kid Stern. So my best advice would actually be this: "Don't listen too much to advice given on internet-forums." This is your life, your career. So you have to make the decision based on what you enjoy doing.
Oh and another to add is that I like baml culture a lot better than that of jpm. Is culture more important or is stronger franchise more important??? Thanks for ur time
Why do you like the BAML culture better than JPM? I'm curious.
What defines a good culture? That they work very hard, or that they don't work very hard? That they have a lot of fun or that they are very professional? Is the "up-or-out" culture good or bad?
Hey Primus,
First I would really like to thank you for your valuable advice! I'll definitely read up on more specific asset-classes and find the deck that interests me the most.
In terms of firm culture, I have spoken to numerous analysts/associates/vp/md from both firms. BAML clearly demonstrates higher energy level and more friendly attitude. Of course, the few people I've met from JP might not present the firm's culture as a whole. But at least from my experience, I can identify with BAML culture more. What are some of your thoughts on culture vs prestige issue?
Thanks!
Wait, what? BAML is almost completely dead in HK. Not competitive, losing all its best talent... how could you pick that over JPM?
Citi and DB would also definitely > BAML in Hong Kong
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