CICC IBD?

anavoisp's picture
Rank: Monkey | 39

Hi everyone!

I am a sophomore at a target. I have an opportunity to intern with CICC (China International Capital Corporation) in its IBD in Shanghai (personal connection) this summer. Should I take it? Will CICC's internship help me in my internship application during my junior year? I am aiming at a BB IBD SA in my junior year.

Thank you!

Comments (24)

Dec 26, 2012

yes

Dec 26, 2012

Yes, it would likely help.

Do you have other options for the summer?

Dec 26, 2012

Any other options?

Dec 26, 2012

What about HSBC IBD? How's CICC?

Dec 26, 2012

Isn't CICC pretty much regarded as the top domestic Chinese IBD shop? Them and CITIC?

Dec 26, 2012

Yep! Plus, you're only a soph :) An int'l experience at one of the best Chinese shops would not hurt you. I got a friend like you, her path is domestic top PE fund in soph -> BB IBD internship in junior -> MBB offer in her senior year. Good luck & enjoy Shanghai!

My formula for success is rise early, work late and strike oil - JP Getty

Dec 26, 2012

Yes, take it.

Dec 26, 2012

Thanks everyone! Hope it will be really helpful for my internship in junior year.

Dec 29, 2012

BTW. How's CICC in BB recruiters' eyes? How's it compared with HSBC?

Dec 29, 2012

What I hear is that it's mostly staffed by Chinese (as in, of Chinese nationality) people, and that they do indeed get a lot of dealflow in China, through very strong connections with local business and politicians. Wouldn't know personally, though.

    • 1
Dec 29, 2012

What do you mean by "experience with the firm"? Please clarify.

Dec 29, 2012
TheMasao:

What do you mean by "experience with the firm"? Please clarify.

Experience as in "previous employment with the firm as an SA, FT or simply interactions and things you've heard about CICC IB"

Sorry about that!

Dec 29, 2012

If you want to work in CHina long term, no reason not to start at CICC. A solid upper tier foreign BB in HK will be good as well.

Dec 29, 2012
ibhopeful532:

If you want to work in CHina long term, no reason not to start at CICC. A solid upper tier foreign BB in HK will be good as well.

Yeah that's what I've heard from my friends as well, I'm just wondering if I will miss out on BB IBD exposure (aka more modeling intensive work). Just a note, I have interned at a BB before.

China is definitely my long term destination, so CICC is my top choice.

    • 1
Dec 29, 2012

Very strong bank, very good pay. but just hard to get in

Dec 29, 2012
Papagogo:

Very strong bank, very good pay. but just hard to get in

Yeah I agree, the process was not easy and certainly demanded a good command of languages, technical skills and a mix of personality.

Have you worked there? If so, I could use some tips. Feel free to PM me.

Thanks!

Dec 29, 2012

Neither here nor there, but there seem to be a lot of ex CICC guys running around on the buy side here in the PRC. To be honest though, I have no idea how many are from the HK office vs. other locations.

Dec 29, 2012

Making a prediction that in 10 years time, CICC will absolutely obliterate foreign BB's on APAC league tables. Also, as soon as Shanghai opens its international board - foreign BB's go the way of Google China.

Dec 29, 2012
ibhopeful532:

Making a prediction that in 10 years time, CICC will absolutely obliterate foreign BB's on APAC league tables. Also, as soon as Shanghai opens its international board - foreign BB's go the way of Google China.

Considering CICC, amoung other Chinese firms, is subsidized by the government and foreign firms are effectively hamstringed when operating in China, I would agree. However, that assumes the Chinese government is still in existence, in its current form, in ten years time.

To the OP, CICC has a decent IB dept., about on par with Citi in regards to capability. Good at sourcing and acting as local advisors, but this comes from their close relationship with the government, not any particular skill set. They are less than average in regards to AM or WM. Much better firms in China, including Ping An, which has an incredible network of HNWs and UHNWs.

Dec 29, 2012

Current CICC trains analysts for Goldman Sachs. Word from one of the founding employees. Just letting you know.

Dec 29, 2012
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