BB Investment Banks in Asia Pacifc
Hi there, I'm currently a penultimate year student from a target school in Australia. I am intending to apply for BB IBD internship this year, specifically HK/SG/China office.
Unis in Aus do not match well with unis in other regions as we only have 1 month break June to July and 3 month break Dec to Feb. So I cant really make it for normal Summer Analyst Program. What are the other internships avail, off-cycle? Winter Analyst? How exactly do such programs work?
Hope someone with good knowledge on what banking is like in APAC ( mainly hong kong & singapore) could clear my confusion. And I hope you would be kind enough to give me a few tips as to what are the opportunites available for me, what is required from me in order to make into BB IBDs and how can I best prepare for it. Would appreciate if you could answer these questions.
Thanks,
Lost monkey
Tbh, you should try applying for programs in Australia since they are more familiar with the recruiting timeline there. For SG, there are much lesser winter analyst programs (I think only UBS and SCB did take in people during the winter break before). Most of the people I know that do an internship in the Winter Break in SG usually try to aim for the corporate finance department of the big 4 since there is much lesser competition compared to the summer internship roles at big 4.
Thanks! I will definitely try applying for programs in Australia although I'm kinda pessimistic about it (my strength lies in bilingualism). Its good to hear you talked about UBS and SCB in SG, appreciate it! Do you know about HK?
BB IBD recruitment finished up mid-Jan for APAC summer analysts
what about winter & off-cycle analysts?
Tends to be very informal, very unstructured recruitment... aka need to network/know the right people within the bank. Some firms in HK will hire 1 off-cycle intern/IB group to help out, most will pass. Networking will be even more important to land anything off-cycle, so you might want to just focus on Australia
Australia will probably be your best bet for now, but your language abilities might be useful if you want a transfer after a couple of years. You just need to get your foot in the door.
There are some internships in HK for people in your situation (I have seen, for example the HKSAR government have one).
Just stick with Australia IBD
Did heard that MS appears to offer Winter Analyst positions for students in Aus- might be a good idea to check that out!
Credit Suisse generally have Winter Internships alongside JP Morgan or at least they did when I was in undergrad, I would check them as-well.
For Singapore, Morgan Stanley offers winter internship for IBD every year and takes mostly Australian grads from what I have seen so far. Other than that, HSBC did have winter internship a few years back - not sure whether they still have it now.
Firms like Lazard, Standard Chartered, Rothschild, Pickering Pacific, and a few other places do offer off-cycle internships in Singapore. Easiest way to check these opportunities is to get an access to NUS, NTU, or SMU career portal from your friends who study in one of these universities.
You will want to focus on IBD in Australia, though I know some banks in HK and Singapore have an Australia summer (so HK / Sing Winter) program like DB and UBS.
Aus Winter Programs - applications close ~April/May. Banks: Credit Suisse (IBD) and J.P. Morgan (IBD and research)
Aus Summer Programs - applications close July. Banks: All BB and Elite Boutiques
The top 5 banks in Australia for IBD are: UBS, Macquarie, Goldmans, Credit Suisse and Morgan Stanley.
UBS, Macquarie and Goldmans have the most man power on the floor so tend to be top 3 league tables but Credit Suisse and MS tend to have highest revenue per head in Australia
US banks like BAML, JPM tend to not do too well here. DB and Citi are okay.
BB ibanking in Asia (Originally Posted: 08/21/2009)
Hey guys,
Does anyone here work for a BB in Asia (Hong Kong)? I had a couple questions about banking with a BB overseas. Any input would be appreciated.
Do these BB ibanks work exclusively with Asian companies or with American as well?
How has the recent ibanking business is Asia differ from the U.S., in terms of deal flow and activity? Better? Worse?
Thanks in advance!
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