HSBC Investment Banking
Wondering if anyone can provide any insight into the rep, culture, pay, etc. of the investment banking divison at HSBC.
Thank you.
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^ Uh, no way bro, you can't be serious.
It's obviously more like this:
[quote=juniorr]^ Uh, no way bro, you can't be serious.
It's obviously more like this:
]YEAAAAAAAAAAAAAAHHHH SNAP YOUR FANGERS!!!
first, HSBC Securities should have bought lehman's investment banking unit in Europe and Asia (now owned by Nomura)
second, their levfin group is shoring up exposure in the Americas. Two ex-DB bankers head the business and were the top paid bankers at the firm in 2008.
finally, come on guys,
, this song def embodies the firm, their bankers surely get more than 8+ hours of sleep a night...lazy asses, just sayin'hilarious; you learn something everyday.
Terrible video and terrible post, I got zero value out of it
i have no insight into HSBC IB, but along the lines of the last replies...
HSBC IBD London? (Originally Posted: 09/07/2014)
Does anyone have any experience with HSBC's IBD division in London? Or know anything about how they rank/pay in the city?
Thanks
Bump
Bump
Interested as well...
HSBC ibanking. Any thoughts? (Originally Posted: 08/08/2007)
They had a 5.2 billion pre tax profit last year. Work mostly on europeans deals. Anyone heard anything on them or have a view on them? Thanks.
ranked 22 on vault prestige rankings in 2007
Huge, international, rock-solid traditional bank. Heard that it feels like something out of 'Imperial Britain' (no joke). Not a deep capital markets desk now in the US, but this is currently being built out. Not sure if it really strives for league table status here, but it is very active in the debt markets in Asia (oddly enough, US dealers aren't even on the map there - probably need a lending relationship & capital before receiving mandates). It seems like one of those firms that doesn't need transaction flow to live well.
On the other hand, a cited authority like the Vault doesn't regard it highly! ;)
HSBC CIBM's (Corporate, Investment, Banking and Markets) strength is in debt financing and emerging markets. The Bank is basically steering clear of M&A/Equities in developed markets. But it has a worldwide focus on debt, and only focusses on M&A/Equities in developing countries. They are actually quite strong in Bombay, Hong Kong and London. E.g. They are Arcelor's preferred banker.
Their Milan/Paris offices are also very good, because of their acquisition of CCF, a French ibank back in the day. Otherwise M&A in NY is an also-ran, and the office is only there to facilitate cross-border M&A's originating from developing countries.
HSBC got shouted down by everyone in 2001 when they wanted to organically transform themselves into a BB ibank (what the #$&* were they thinking) for good reason. Now, they have refocused the ibanking operations (financing + emerging mkts strategy), and it looks like it's paying off. They had a huge jump in profits shown in their semi-annual results, with derivatives, debt financing, FX and private equity showing good gains. Their failure to break into N. America is why everyone is saying HSBC is going to buy Bear. My opinion is that it is unlikely, given that both banks have had a bad experience with fixed income due to the subprime issue.
A friend of mine from Canada did the Global Rotational S&T program. She really liked because she got rotations in Hong Kong and New York.
Any other opinions?
Well so far ive heard more positive than ive expected. If I joined, I'd be on the fixed income side, not equities or M&A. I'd be in NYC though.
Fixed income's where they're best.
*Waves at Jimbo
HSBC NY M&A info (Originally Posted: 12/17/2009)
Does anyone have any info on HSBC with regards to their culture, hours, lifestyle....basically anything....did a search and pretty much nothing came up..thanks
at least get the name right bro...
It's Dan bush again... and HSBC is bad, don't do it :D
Their only, i guess, "competitive advantage" lies in their ability to advise multinational corporations on cross-border acquisitions in the US. They're only able to do this because their asian bankers source the deals for them.
any input on hours or culture?....does the cross-border stuff involve a lot of international travel?
HSBC does business in NY?
analysts dont' usually travel and definitely not at HSBC. if they hire u for ny, they want u to stay there and probably do shit work like pitch all the time. I would look at other banks or at least go to asia if ur gonna go to HSBC.
I know they worked on the sale of Range Rover/ Jaguar to Tata back in 2007.
Not a very active deal flow though.
HSBC - Current sophmore (Originally Posted: 12/25/2012)
After searching through WSO for this bank, I see most threads labeling HSBC as a shit-stain. Why? Is it really that bad?
As a sophomore, I may have a connection to help me do IBD there. Should I avoid this or something? I feel like IBD at a BB is IBD at a BB. And nothing seems to be bad about HSBC imo-but then again I'm 19 and have very little exposure to banking
If this is your only opportunity then by all means, however HSBC has a tarnished reputation in the US/Europe for aggressively trying to build up an investment banking business just to see those efforts fall apart once the financial crisis hit. Unless this is for one of their core emerging markets/Asia offices there is simply no commitment on their behalf to be a serious IB player.
Would it be bad if I did this sophomore year, and tried to leverage it for AM or PE junior year? I feel like IB at a BB is IB at a BB-or is that not the case with HSBC. In the long run I don't wanna do IB...
as a sophomore, you'd be in good position.
if you're sophomore than take it. thats a great internship to have w/HSBC especially if its IBD. you'll have a great shot at SA interviews junior year if you learn basic valuations, have a decent GPA and network. you're well on your way!
Not that good of a reputation in US, better in Europe, best reputation is in Asia
HSBC is a fine bank in the US, nothing special and a totally different animal than it is in Asia (and even Europe somewhat). That said, IB is IB, and if you hate the work at HSBC (I said the work, not the hours, people, culture, etc) then you likely are not going to enjoy it elsewhere. Take an offer there if you can get one- it is still a brand name and will be better than most all sophomores- anyone saying not to pursue it is crazy. Even at a subpar bank it is incredibly tough to get an in at your age.
It's alright in Europe. Their strengths tend to be retail banking and to some extent PB.
HSBC's reputation (Originally Posted: 06/26/2012)
Just wondering if anyone out there has any insight into what HSBC's reputation is like in Investment banking and Commercial banking. Or any other relevant information regarding HSBC's reputation.
Cheers.
Depends on where around the globe - HSBC naturally has a stronger foothold in East Asia compared to North America. It's a conservative bank and they're not really known for their IBD.
HSBC (NYC) - Offers and interviews? (Originally Posted: 02/27/2012)
Hi WSO monkeys,
I looked at their website and their online application for NYC S&T is still open. I understand that there's almost zero chance of making it through online application. Just wondering if they already gave out interviews/offers.
Can someone give me a bit insight on their recruitment process?
Thanks.
i think the process is almost over
The process is over. They had the last superday last friday.
I found the following on their website:
Notes * Please note that due to increased business demand we are still open to accept applications for the following regions and programmes: EMEA - London:Summer Analyst Programme •GBM Technology - Extended Application Deadline: Sunday 11th March 2012 The Americas:Analyst Programme •Global Markets Trading - Mexico - Extended Application Deadline: Sunday 27th May 2012 •Global Markets Sales - New York - Saturday 31st March 2012 •Global Markets Trading - New York - Saturday 31st March 2012
Not sure if that means they're still hiring. Enlighten me!
For the Americas, is it the summer analyst programme or the analyst programme. The superday that I mentioned above was for the summer analyst program. You should send HR an email, and ask them if they are still interviewing candidates for the program you are interested in.
HSBC - Culture and division (Originally Posted: 12/09/2010)
Hi guys,
Any help with these guys? Culture, division, and the company as a whole.
yeah im also interested in this. any info on their compensation packages would be appreciated (London)
HSBC IB in New York (Originally Posted: 11/14/2010)
Do they even do anything? Should I apply to IB in HK instead of in NY?
they have a very small leveraged acquisition finance group which I believe is a solid analyst experience, but that's just second hand
HSBC (NYC) - Insight on recruitment process (Originally Posted: 02/27/2012)
Hi WSO monkeys,
I looked at their website and their online application for NYC S&T is still open. I understand that there's almost zero chance of making it through online application. Just wondering if they already gave out interviews/offers.
Can someone give me a bit insight on their recruitment process?
Thanks.
already gave offers.... seems unlikely they would start from the beginning (i.e. first round interview) at this point.
HSBC - Starting as an analyst (Originally Posted: 06/16/2009)
How is HSBC (in NY) viewed on Wall Street? I have seen HSBC being bashed on old threads and don't understand why that is.
I will be starting as an analyst in their 2 yr rotational program very soon, and I am trying to gauge potential exit opps. Do I have a chance at DB, CS, or MS if I do well?
probably because they seem to be consumer oriented and have a small/weak capital markets business.
what divisions are going to be in your rotation?
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