Investment Banking in Suid-Afrika?

RogueBanker's picture
Rank: Baboon | 149

I speak Afrikaans and know a great deal about South Africa and the surrounding area, how would I go about getting a job at an investment banking location in South Africa? I know that Citigroup and a couple other banks have offices in a handful of cities in South Africa, would I apply to Citigroup telling them I

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Comments (22)

Sep 13, 2006

just fill out their application, and under location you can list which offices you are applying to

Sep 13, 2006

Do you think that somebody would have a better chance working for an investment bank overseas over their HQ's in New York?

  •  Sep 13, 2006

Banks are based in Sandton (Cape Town is primarily Asset Management)

Try Premier Personnel and The Personnel Concept...

Sep 13, 2006

Thanks for those. Does anyone know the major investment banks in South Africa (besides Citi)?

Sep 13, 2006

as long as you are willing to relocate I don't think it'll be a problem, not like there are billions of business schools in south africa from which they can pick people.

Oct 23, 2006

I guess I wouldn't mind going back to that shithole of a country. Does anyone know what the top I-Banks are in Suid-Afrika? HSBC and Standard Bank are the only ones I know.

Oct 23, 2006

Investec is a South African I-Bank. While it's not a brand name in the US, it at least has a decent presence in the London markets. Perhaps check them out?

Oct 24, 2006

Investec and Rand Merchant Bank - both these guys are big players in South Africa as well as having decent operations in London. I know various people in both banks and they are good guys. The people based in SA have excellent lifestyles and travel to London a lot.

Oct 24, 2006

Investec
Standard Bank
Absa (division of Barclay - recently acquired)
Rand Merchant Bank

We also have HSBC, Macquarie, Citi, UBS, Credit Suisse, JP Morgan. Most of the action goes to the local banks though. The internationals dont have the balance sheet to compete locally.

    • 1
Mar 27, 2012
Ryan:

Investec
Standard Bank
Absa (division of Barclay - recently acquired)
Rand Merchant Bank

We also have HSBC, Macquarie, Citi, UBS, Credit Suisse, JP Morgan. Most of the action goes to the local banks though. The internationals dont have the balance sheet to compete locally.

In more recent times the international banks are honing in on the advisory business and trying to establish a name in Africa. As as Ryan stated, they're still cautious of applying their balance sheet.
This may change soon though

These days everyone from Rothschild, Goldman Sachs, Merrill Lynch, BNP Paribas, Deutsche Bank, Societe Generale to Renaissance Capital, HBZ, ICBC, China Construction Bank, China Railroad Construction Company, State bank of india, and ING are in South Africa seeking that emerging market Alpha

May 6, 2010

Would it be easier for someone with a European degree to get an IB position in South Africa? I ask because I lived there for a long time when I was young and still have a South African passport (no visas, etc needed)?

Mar 27, 2012
Silverback88:

Would it be easier for someone with a European degree to get an IB position in South Africa? I ask because I lived there for a long time when I was young and still have a South African passport (no visas, etc needed)?

It depends on whether you're going for analyst or associate.
Generally the analyst programmes don't care where you're from.
The associate jobs want emerging emerging markets experience.
SA citizenship is a big plus.

Apr 13, 2012

Hey, send me your resume (private message me first). I'll look at it, and if you have the right background I'll send it over to my friend at Citigroup in J-burg in M&A.

Apr 13, 2012

dude again?

we gave u a list of interesting banks to look at after your last post. go online, check their websites for internship opportunities (both summer analyst & off-cycle) and start applying. if you cant find what you're looking for, pick up the phone and call HR at these banks and ask them to help you out. in addition, go to the careers center at witwatersrand and ask them to help you out with a list of possible employers that they have a relationship with as well as some alumni that you could contact and maybe get a meeting

if you just want a first internship in the world of (corporate) finance you may also wanna look at the United Farmers Fund in cape town. they offer internships on a regualr basis to students from SA and Europe.

Apr 13, 2012

Check out Barnard Jacobs Mellet, but seriously dude, you are asking about RSA when you are actually based there? I would imagine Standard Chartered has big operation there too.

Apr 13, 2012

Thing about banks here, is that they only offer internships to people in the final year, or in postgrad.

Dont pay much attention to 2nd years

Apr 13, 2012

find an internship then that will pave your way to a final year internship then. smaller bank/corporate finance advisory boutique, big 4 transaction services, private equity fund, asset management firm

or go abroad and go get an internship in Europe. there are plenty of opportunities out here.

Apr 13, 2012

Thats what i plan on doing. Looking for internships at small firms, but nearly impossible to find these small firms.

My networking has helped me quite a bit though, as i met with a MD a week ago, and he assured me a postion in a programme next year.

But ill then, i need to find another 1

Apr 13, 2012
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