JPM S&T V.S. Bofa S&T (HK summer)
Hey guys, any insights about choosing JPM snt or Bofa snt for a summer internship in HK? (Prefer FICC desks)
My understanding is that Bofa gets a better return rate but JPM gets a little bit better brand and better culture? (Please correct me if I’m wrong)
It seems that JP snt hire fewer interns this year (saw so many applicants got refused immediately after applying), so is it possible that the return rate could be better next year?
Thx a lot!
for JPM which part did you get offer on? i know that 1st rotation is fixed. depends on that. Equity and FICC are quite different for JPM HK, and if it is FICC and ur into structuring, would definitely go for BAML. it was 2 years ago so might be different now, but JPM is traditionally strong on Equities while on FICC soso, every intern at FICC structuring/sales desk tried to network on Equities desk and get the offer for that team.
BAML idk so not much to say
thanks!
Analyst in one of those two banks’ FICC desks. PM me for info on FICC desks.
The best is whichever gives you an offer
Can't agree more, but what if you get offers from both companies？
Don't know enough about the HK market to give a true answer. I'd research whichever desk you get offers from, then decide. The same desk at either bank could be best in class or worst in class.
how long does it take to hear back from bofa after SPD for you?
about 3 days.
I don’t know how HK is compared to NYC, but JPM FICC has been the most dominant and that’s pretty established across the street especially if you want to get into Rates trading.
I don’t really think you have a “bad” option here though. Both are established banks and have good training. To the point earlier I know JPM has fixed placement so it’s one rotation throughout summer whereas BofA is rotational. So that’s something to consider too.
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