Macquarie Chicago (IBD) vs. HSBC M&A NYC?
Is there a huge gap or are they fairly equivalent? Macquarie's Chicago office is business services, 60% M&A and the rest is mostly DCM with a bit of ECM+merchant banking.
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
I would probably go with HSBC, solid shop and NYC is the place the start a career in high finance
Anyone knows how HSBC is regarded on lending / credit products?
Decently strong LAF group however mostly investment grade stuff.
Lots of DCM activity as they are globally debt powerhouse but even for those they dont really go below BBB rating seems like
Yeah. Hate to tell you but you’re full of shit.
I worked at HSBC and it is by no means a “solid shop”, especially when it comes to their M&A practice that sees no deal flow.
HSBC is solid when it comes to DCM in LatAm and APAC and that is about it.
Hahaha c’mon, I wasn’t saying it’s a top bank or anything, but in comparison to Macquarie in CHI, HSBC NYC seemed like a solid option.
Lol I appreciate your perspective tho, definitely gave me a good laugh
Macquarie's business services team in Chicago is arguably the best industry group within the bank with significant MM deal flow in both M&A and Leverage Finance; your breakdown seems about right. Heard hours are long but because of the high deal flow.
Thanks so much for this, appreciate it. Yeah they do tons of work with sponsors and are building out the shop since poaching guys from CS. THey have even had a few billion$+ deals as well in the past couple years.
sources? never heard of their services team, only infra
Idk about him but they solely do "business services" in their CHI office, I have an offer for their team
Have friends within the bank.
Agree Macquarie's infra team is also a very good team - heard they use their balance sheet in ways other banks don't IE principal investing vs just lending so a mix of banking / project investing.
Services team is mostly ex-CS guys in the Chicago office with a lot of steady deal flow especially education. Believe they do more traditional banking style deals.
Appreciate the quality that you provided to this thread. Too many clowns without accurate information running around these forums.
Z0mggg, all NYC b4nks b4 Chicago b4nks!!
Zz
I’ve still never seen HSBC in the M&A market
Their core capacity is money laundering
Source: friends who’ve interned in HSBC M&A, London
They did just announce the Greene King acquisition by CK Assets for £4.6bn in August, though it’s true that their M&A practice isn’t exactly stellar
Another thing to consider is the change of CEOs. HSBC is traditionally definitely more of a commercial bank than an investment bank, and they have reduced hiring (at least in HQ, London) for IB.
Bank is in a bit of flux at the moment, still has a solid brand name though if you’re looking to move outside of finance. Their culture is definitely one of the better ones I’ve heard about.
Don’t know too much about Macquarie, but overall HSBC NY would be fairly solid.
.
Macquarie's Chicago office was created after two senior bankers left CS's chicago office (Source: https://www.reuters.com/article/macquarie-group-moves-credit-suisse-gp-…).
I had a superday with their team and they seem to be growing quickly, your figures are correct mainly M&A with some capital markets. They mentioned their experience at CS and how lots of the clients have followed them to Macquarie. I personally really liked the group and culture, if you're from the midwest could be a good fit.
Seems like the better opportunity in terms of actual work experience/learning. Not sure how easy it would be to lateral out of HSBC, if you'd prefer NYC.
Culpa delectus autem nobis quibusdam laborum enim numquam. Possimus minima asperiores voluptas aut inventore sit officiis. Ut deleniti et pariatur dolores. Excepturi deserunt nihil nostrum est eum voluptas id et.
Dignissimos quia in possimus architecto. A eum facilis blanditiis quia ut. Placeat laborum non optio corporis. Nostrum et quas laborum magnam soluta rerum sequi. Sit qui omnis id illum recusandae temporibus vel.
Accusantium cum eos sint tempora. Possimus vel voluptatem molestiae magnam doloremque quos earum. Voluptas et ut hic sed eos in illo quo. Maiores similique sapiente blanditiis rerum alias molestiae fuga.
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 Unlock with your social account...