Please share your thoughts. I have been unable to sleep because of this. Have been putting in my soul to get an offer an Hong Kong IBD this coming summer and thr current situation is making me feeling hopeless. Please advice. I'm going to BAML HK.
| +165 | The "Not So Obvious" things that get you a return offer? | 20 | 2s | |
| +96 | Is my life over after not getting GS? | 20 | 5h | |
| +65 | Best IB group on the Street | 27 | 1h | |
| +56 | BIG FOUR ARE PARADISE | 15 | 1h | |
| +46 | Thoughts and tips on how to speak like an investment banker. | 25 | 2h | |
| +45 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 22 | 5h | |
| +36 | UBS Outlook | 28 | 1d | |
| +35 | Georgetown Placement for 2024 and 2025 | 21 | 6d | |
| +34 | How to deal with egotistical team? | 6 | 3d | |
| +32 | Highest Paid Bankers in Toronto? | 51 | 12m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Dude, ngl to you but things are looking bad. Dealflow in my bank, especially with China, have been looking quite bad. Eitherway, calm your tits down. It's distressing, but having a BB name on your CV can open doors to many places.
Return offer rates haven't been discussed - but obviously they're going to be much lower. In particular, for BAML HK- they extended offeres to 8 out of 12 interns last year.
Thanks for your info, you calmed my tits.
What about S&T? Given offer rates were low last year, what do you think this year's return offer rates will look like? Or is it more or less the same as IBD?
Interested too. Appreciate any insights. Also does anyone have issues with visa application since everything has been ceased?
Mine is still processing. Did anyone get theirs already?
Don’t think many if any have visas approved as of now given that HK has suspended visa services for two months.
Expect extremely bad rate, especially with the banks that worked on LK
LK?
Luckin Coffee, which has recently been hit by a scandal.
Can you elaborate in what ways banks that worked on LK IPO would be impacted? Correct me if i'm wrong but I thought a hit, if any, will be on its auditing firms.
Seems like they are blaming the COO
After u get into ib you would realize in asia, ib also lends to their clients
And it is where things start to get funny
Nope. Ernst & Young says and I quote "uncovered the problems" at Luckin. Oh yea they are gonna get sued for sure but it's not the accounting firms first rodeo so they know what they are dealing with.
What's done is done. I don't think the accounting firm will get much hit. Minority shareholders of Luckin the reputation of Chinese ADRs are butt-f*ked and for sure. From that perspective, my theory is bb banks' ADR IPO business may get hit because the demand side will weaken. Size wise? No idea.
https://www.wsj.com/articles/ernst-young-says-it-first-found-accounting…
Hi I was wondering how the virus is gonna affect the AM division at top BBs in hk? I’m an incoming SA and honestly I’m freaked out
im an incoming IBD SA too. Do anyone see the internship being cancelled/pushed back/completely online?
Heard JPM & BAML/BofA have delayed summer internships in HK. I’m from another BB and have heard nothing yet. Mine sent me an email two weeks ago confirming original start date.
Can confirm. My friend got an email from JPM saying the start date got postponed to July.
May I ask which firm you will be working for? Plz dm me, I haven't received any yet.
Qui qui dolorum earum necessitatibus magnam soluta nemo. Consequatur esse voluptatem eaque qui ut repellendus quo perspiciatis. Dolorum ipsa illum numquam. Dolorem voluptatem et laudantium.
Sed dolores unde sunt rerum et. Vel qui molestiae enim dolorem quis velit. Praesentium accusantium autem deserunt ut ab quisquam molestiae. Et illum quaerat distinctio fugiat tempora.
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...