Hi fellow monkeys & kings of the jungle,
Long time reader & first time poster. I am deciding between Deutsche/Barclays/HSBC in Hong Kong for a summer internship. Wonder if you got any thoughts/advice on which bank to go to? Mostly concerned about return offer rate and exit opps. Can somebody shed some light? Thanks guys
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HSBC. Look at the proportional revenues/op profit in AsPac of all 3, then chart over the past 8 quarterly reports. HSBC are expanding their business in Asia, whilst Deutsche are selling non core assets.
Expand on 'exit opps'. Which division/desk do you want to join, also what is your desired career?
Thanks EuRates! Offers are all for IBD but not group specific. We can indicate preferences for groups but not guaranteed.
Planning for a PE/VC exit after analyst programme. I know HSBC is a legit IB in Asia but how much does the "prestige" thing of not being a BB hurts the exit opp?
Have similar question for SG office.
I'm a Rates trader, so wouldn't want to share inaccurate information on IB.
That said, a solid group with a good deal flow would probably be more useful than "prestige" of a bigger brand with little deal flow/exposure in your office (remote desk-> assuming slower deal flow). As to Exit opps, it really depends on where (geographically) you are looking to be located post-analyst. Staying in AsPac, HSBC would be considered a good start, BarCap/Deutsche may position you well for a transition to Europe.
Thanks a lot for this! Anyone got other thoughts?
Personally, I would likely take HSBC. I know in terms of prestige, HSBC is not a BB but everyone of interest in Asia knows that HSBC is *practically *a BB bank in this part of the world. Also, it would be great to do some homework on the kinds of dealflows the above banks are experiencing
Hey, when was your HSBC AC? Was it in HK?
curious how this turned out and what you decided.
PMed you
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