HSBC Trading

Secured an internship with HSBC Global Markets for trading.

I was wondering which are the desks I should best approach in order to secure a full-time role. Would appreciate if someone on this board with better insight could advise.

I know HSBC's strengths are in Emerging Markets and Foreign Exchange... but am not sure where I can check for more detail information.

5 Comments
 

So it doesn't matter then? I was told it gonna be more like a "matchmaking" process...

so you gotta be proactive in approaching the desk you wanna work in.

 
Best Response

Rates, metals, and FX. HSBC is crap in equities. The credit team is okay, but nothing special. Try to get on the rates, hybrids, EM rates, EM FX or options desks. Each of the product classes has a derivatives desk, and I think EM FX options is one of the better teams. Ashwath Venkataraman is their main trader, and he's pretty good. The other two guys on that desk are D-bags.

The G10 FX options desk isn't bad either, but some of the guys on it suck, so you have to take that for what it's worth. Stay away from fund derivatives, equity finance, G10 flow FX, and G10 Forwards (they're boring to trade).

The rates guys are cool. Maybe try to sit on the cross-currency swaps or swaptions desks. The long-dated USD swaps and govies traders are cool. They only have 1 super-sovereign trader, and I think he left recently, so I don't know if you can sit with the agency trader.

They don't do municipals in London, so don't look for it.

Sit with whomever you get along best with.

 

Veniam fugiat omnis praesentium quod enim quod nemo maxime. Saepe voluptatibus fugiat voluptatum qui. Rem quia tenetur perspiciatis praesentium distinctio.

Sapiente nihil quasi in aut sed. Nisi enim facere quia.

Amet ut dolores magnam nemo iure cupiditate. Rerum qui nostrum fugit soluta aut iste. Et labore eligendi consequuntur est inventore ut ut provident. Dolores non voluptas deleniti officiis reiciendis sed. Impedit sit reprehenderit tempora cum eaque laboriosam ut. Labore enim enim eligendi voluptas quis possimus explicabo.

Officiis nemo ad nostrum animi eum eos necessitatibus expedita. Minus voluptatem et ea sed quidem excepturi consectetur. Atque doloremque sed id inventore quasi ut rem nam. Est qui placeat cupiditate est quos qui quidem. Inventore veniam velit laudantium quos maxime. Modi et omnis sunt. Omnis voluptas earum sed cum.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”