Hong Kong Protest

Curious if the protests affect SA 2020 recruiting for BB banks in HK. Did banks hire less people and if so would the trend continue?

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  • Incoming Analyst in IB - DCM
Feb 12, 2020 - 11:54am

Personally went through the SA2020 HK process (not going to HK though)

The recruiting process didn't really change - banks still send their interviewers to the US and UK to interview prospective candidates and banks seem to be hiring more (rather than less) candidates than before (for example, CS hired around 16-17 SAs, largest class so far).

Candidates still have the same level of interests - most people didn't care about the political situation and just went into the interviews. Keep in mind that most of us going through the HK recruiting process are Mainland Chinese and the interviewers were Mainland Chinese as well, so most people in these groups are overwhelmingly pro-China.

TLDR No it didn't really impact how banks interview candidates and prospective monkeys are not less interested in these positions.

  • Intern in IB - Ind
Feb 13, 2020 - 1:10pm

Went through this process as well. Similar as last years.

However, the lower deal flow (-70% so far from Financial Times) caused by Coronavirus --> lower revenue and budget --> lower headcount is possible.

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