HK 2020 SA Housing & Bonus

Saw some discussions about NYC intern sign-on bonus a few days ago. I'm gonna start my summer at a BB this summer in Hong Kong but there's nothing about bonus on my contract.

Do banks in HK pay their interns bonuses? Also heard that some banks provide housing? Does any monkey have insight into this?

Thx in advance.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (9)

Jan 9, 2020 - 3:10am

Sign-on bonuses yes, if you get a return offer and take it. Otherwise no, no bank pays interns performance based bonuses.

To answer part 2 of your Q, I believe most banks will provide housing in HK, which is basically another ~$3k / month.

  • Intern in IB-M&A
Jan 9, 2020 - 4:26am

Thanks for the comment. Yeah I heard my bank would provide housing, but nothing was mentioned on contract and no one has reached out to me. Maybe they'll provide some info about housing in the coming months?

Jan 9, 2020 - 6:40am

I thought housing is provided free of charge for SA at most banks? Unless you are at HSBC, which gives you an extra housing stipend in your salary.
Also do you have any idea what housing may look like for SA (location, type, etc.)?

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Start Discussion

Total Avg Compensation

June 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (202) $234
  • 2nd Year Analyst (115) $151
  • Intern/Summer Associate (97) $145
  • 3rd+ Year Analyst (27) $145
  • 1st Year Analyst (420) $131
  • Intern/Summer Analyst (338) $82