HSBC - London - Help
Have an interview coming up with them. Any insight would be helpful!
On a side note, heard a lot of people recently left. Does anyone know why?
Apr 07, 2021Apr 07, 2021
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)
Related Content
See moreWSO Virtual Bootcamps See all
Popular Content See all
Total Avg Compensation
November 2021 Investment Banking
- Director/MD (10) $853
- Vice President (40) $360
- Associates (234) $234
- 2nd Year Analyst (144) $156
- 3rd+ Year Analyst (34) $154
- Intern/Summer Associate (107) $146
- 1st Year Analyst (514) $136
- Intern/Summer Analyst (394) $84
Leaderboard See all
| 1 |  | 99.3 |
| 2 |  | 99.2 |
| 3 | | 99.1 |
| 4 | | 99.1 |
| 5 |  | 99.1 |
| 6 |  | 99.0 |
| 7 | | 99.0 |
| 8 |  | 99.0 |
| 9 | | 98.9 |
| 10 | | 98.9 |
Comments (14)
Pay is definitely on the low side (both bonuses and associate base onwards below street)
Key driver for recent / likely continued exits in London + lack of clear growth strategy also a bit of a drag
Any chance you could give % ranges for bonus comp? Understand ASO is around 80k base?
~50-60% as an analyst as max and slightly lower usually as junior associate, 80 is correct
Format of the interview is highly team dependent. Which team you interviewing with?
Can't disclose too much but one of the teams in under the Corporates umbrella. Hope this helps....
Also seems like I'm going to meet multiple teams?
-
- Learn more
- | Suggested Resource
Learn More300+ 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 moreBonus was so shitty and this has been a problem a few years.
I interned there after they canned Westerman.
They were an up and coming BB when they had Westerman but after they fired him it just went downhill. Lots of internal drama.
HSBC in general is a bank with "decent" foundations but no coherent strategy.
IT is trash (friend's computer keeps breaking down and for some bizarre reason, they cap your internet speed when you wfh at 10mbps + and did i say the computer keeps crashing? - Not fun when 60% of your job is fixing your computer / waiting for FactSet to refresh) and is not integrated with the commercial bank so you can't leverage those relationships.
Bankers prefer to take financial deals vs M&A deals as it is "safer." They should've done what Westerman told them to do which was that if your clients don't mandate you for M&A, you no longer lend to them. Alas, HSBC has great potential but it is just a divided kingdom with warlords and their own interests who aren't interested in growing the pie.
If you have no where to go, go ahead and join HSBC. But then GTFO after 1 year or else you'd find it hard to go anywhere afterwards. Think this year was a bit special cause every single bank was in need of people of the guys at HSBC could bounce but after things return to normal, it might be a bit more difficult.
Array
You gotta be in the right team, some sector teams just don't get any M&As
Have seen some good exits to decent buy side shops tho, not MFs obv, e.g. PE group of pension funds, decent European MMs, big infra funds etc.
XXX
Consectetur autem in nemo a. Possimus quo quis quia. Tenetur dolorem magni consequuntur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Want to Unlock by signing in with your social account?
Preview & download comment as image
You can download this screenshot as image or copy to clipboard using browser's context menu