Any opportunity left now for investment banking full time analyst?

It's quite late in the recruiting process now. How should I find full time investment banking analyst positions now within Hong Kong or US? Please send help! Any suggestion would be appreciated. I tried network with senior people but the positions just seem filled so I don't know if I should keep trying or not. But it seems that it's the only way to get a job now.

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Comments (26)

Jan 17, 2018

When did you start applying for positions?

Noah John Kelly

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Jan 17, 2018

I have applied around August 2017 till now and US bank just didn't offer any interview at all. Hong Kong bank never call me back after first video interview. How should I do:/

Array
Jan 17, 2018

More information on your background would be helpful.
School (target, semi, non)?
Gpa?
Major?
Prior Internships?
National or international (you mentioned Hong Kong)?

Jan 17, 2018

I am from non-target school, GPA is around 3.65 and major in finance. Currently a senior now. I interned in McKinsey in Shanghai before and worked as investment banking summer analyst in a boutique bank in Hong Kong last summer. I have a lot of leadership positions including TA for excel, VP of professional development as well as international ambassador. And yes I am from China.

Array
Jan 17, 2018

Will you require sponsorship/a visa?

If so, I think your best bet would be to bust your ass to land a position with a Big 4 Accounting/Large valuations shop. At this point, only boutique investment banks are hiring for FT, and to be frank they're not going to sponsor for a visa. Ops/BO at a large bank wouldn't be the worst thing in the world, but you'd need to be extra cautious to get out as soon as possible - every minute you spend in the BO your odds of moving to FO diminish.

If you don't need a visa, 100% local/small/no-name boutiques. Still going to be an uphill battle but if you can prove youll actually add value to them, you have a shot at getting hired. Regarding your comment below about networking with analysts being not helpful because they don't have "refer power" - that's 100% the wrong way to go about it. Analyst can definitely refer resumes and help get you a first round, and even those that can't, if they like you, they will refer you to people they work with that do have that power.

Good luck!

Jan 17, 2018

Thank you for the reply! I do need sponsor and I actually have a return offer from Hong Kong boutique bank now but I am still looking for bulge bracket opportunities. What do you mean by BO and FO? I would definitely try to reach out to analyst now to network

Array
Jan 17, 2018

FO= Front Office = bank divisions that directly bring in revenue and interact with clients (Investment Banking, Sales & Trading, Equity Research, etc.)

MO= Middle Office = bank divisions that directly support divisions which bring in revenue (Market risk, Credit Risk, some trade support roles, treasury services, etc.)

BO= Back office = bank divisions that perform other tasks that banks need not related to bringing in revenue (Compliance, HR, IT Support, Accounting, Product Control, etc.)

    • 2
Jan 17, 2018

Got it!

Array
Jan 18, 2018
xxx-ThrowAway-xxx:

FO= Front Office = bank divisions that directly bring in revenue and interact with clients (Investment Banking, Sales & Trading, Equity Research, etc.)

MO= Middle Office = bank divisions that directly support divisions which bring in revenue (Market risk, Credit Risk, some trade support roles, treasury services, etc.)

BO= Back office = bank divisions that perform other tasks that banks need not related to bringing in revenue (Compliance, HR, IT Support, Accounting, Product Control, etc.)

Don't go for the back office unless you really love what they do there. Front office makes the most dough.

Noah John Kelly

    • 1
    • 4
Jan 24, 2018

why did people hit me with monkey shit for this? who doesn't want to make more money?

Noah John Kelly

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Jan 17, 2018

yeah more info would be helpful from that we can determine

Noah John Kelly

Jan 17, 2018

Ok since you are from a non-target you should network as hard as you can. Good that your GPA is good like that. put it on your resume if you haven't already. I would say maybe see if you are able to star just a little earlier, and also I would say network with analysts, not ranks above that unless you know them personally, because analysts will more likely to sympathize with your situation because they were recently in that position too.

Noah John Kelly

    • 1
Jan 17, 2018

Thank you so much for the quick reply! I really appreciate that. But I think networking with analysts probably will hardly get me an interview since they don't have much refer power. Also I feel like all the campus recruiting positions are filled now. Probably I should try applying entry level jobs?

Array
Jan 17, 2018

For sure. You are partially right, but they know the people up in the chain, so it helps anyway. yeah that is a good idea.

Noah John Kelly

Jan 17, 2018

Also not trying to say anything, but how are your conversational skills in english?

Noah John Kelly

    • 1
Jan 17, 2018

I would say it's quite fluent

Array
Jan 17, 2018

Ok thats a plus for you. Good. Because if it isn't it makes things a lot harder, but you don't have to worry about that. cool.

Noah John Kelly

    • 1
Jan 21, 2018

Just curious if any experienced hires (entry-level, like 1st year analyst) open at any of the HK BBs now, what is your best bet to land an interview? Simply applying online or trying to have someone pass your resume internally? The problem with the latter is that HK doesn't have that much networking culture, so I am not really sure how the internal referral process works. Anyone could shed lights on the FT/Lateral process at HK?

Jan 24, 2018

I think it's still pretty important to have internal refer

Array
Jan 24, 2018

Mizuho which is an Asian bank currently has openings for the 2018 analyst program which starts in July. Minimum 3.2 GPA, and the type of kids that go to the bank are semi targets and high GPA's from non targets. A lot of Fordham, Baruch, Villanova, Michigan, type of schools. apply there.

AUTHORED BY: Certified Investment Banking Professional - 1st Year Analyst - Learn more.
Jan 24, 2018

Thank you so much!

Array
Best Response
Jan 31, 2018

As an analyst I would advise you to not waste your time with Analysts or even associates, VP and up is your best chance. I got 3 offers coming from a non-target Master's and even more non-target undergrad (outside of the US). What I did get right though was two M&A internships right after my Master's ended and had my full-time offers about a year after my graduation. You should try to get M&A internships at boutiques, even unpaid if you can stomach it, and shoot out hundreds of emails a week for full-time or you might even get lucky and convert your internship. If you are STEM, so you have 3 years together with your OPT, you can definitely make it work. I didn't need sponsorship but by the time I was about 9-10 months into my internships I had so many interviews that I am sure I could have found a firm willing to sponsor me if needed.

AUTHORED BY: Certified Investment Banking Professional - 1st Year Associate - Learn more.
    • 4
Feb 3, 2018

Thank you so much! My question is that for internship, many companies list that candidate must have a year to graduate. So is it really no problem for me to go internship as a graduate? Also there might be concern about opt stuff...

Array
Feb 7, 2018

Big banks have such restrictions, which don't apply to boutiques. They could care less

AUTHORED BY: Certified Investment Banking Professional - 1st Year Associate - Learn more.
    • 1
Feb 3, 2018

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Feb 7, 2018
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