Do people at HSBC network? From what I've been seeing, no one is open to networking.....

 

no passed the virtual ones, its a phone call.  Did the assessments a week or 2 before

 

Got this message a little over a week ago, curious if anyone can tell me what this means.

"We are pleased to confirm that you have successfully met the minimum benchmarks for the selection processes that you have completed so far. Your application will now be reviewed in more detail and we will advise you as soon as possible if you are invited to the next stage of the application process."

 

has anybody done their first round for IB NY already that would be willing to share their experience? I scheduled mine for this week and would be interested in hearing what to expect

 

Did the first round like two weeks ago as well. Have not heard back, don't know if this is a good or bad sign. On one hand it could mean they've already dinged people they don't want, on the other it could mean we are not priorities for progression. But idk, I'm the kind of guy that worries a whole lot. 

 

On what we should expect in terms of the structure, I am not too sure as well but I am brushing up on my technicals since I am sure I'll ace the behavioral. They did say we will start off with 3 tasks that we would be assessed on and I am very worried about that part as I fucked up the last case study I did with an energy trading company for their SA position so bad the associates stopped the interview all together. It isn't hard just confusing. However.....

The technicals I have focused on is basic stuff like:

1. What is a bridge loan, revolver loan, bullet loan, term loan A,B & C (i think would be important)

2. What to look out for when assessing whether or not to borrow money to a firm -----> The 5 Cs of credit, 3 accounting ratios  

3. EBITDA vs Net Income (very important to understand in the grand scheme of things)

4. What is terminal value explained in detail

5.  $10 Change in depreciation in the 3 financial statements,  $10 Change in Account Receivable or Account Payable in the 3 financial statements

 I am an accounting major and have had an ER internship before so i expect they would want to go even deeper than these which is what I am shook about. 

Please let me know what technicals you are looking at or if you think I am missing something important

 

I had 2nd round on friday and have yet to hear back but thought it went pretty well. 

 

did you ever hear back? i did the job simulation two days ago and got an email saying that I met the benchmark and will have my application reviewed more closely. 

 

Officiis expedita delectus assumenda est adipisci voluptas. Aut autem accusantium deleniti sit aut. Ipsam non voluptatibus quasi quibusdam fuga non rerum.

Quidem tempora voluptatum dolorum deleniti excepturi ex. Suscipit ea velit doloribus qui in error et. Ratione maiores aspernatur velit exercitationem consequatur perferendis deserunt. Deserunt impedit laborum dolor provident. Dolore praesentium tempora ea non quo. Exercitationem ipsam dicta at dolores nihil et enim nam. Maiores quas molestiae nihil.

Autem suscipit accusamus quas provident nisi necessitatibus. Non mollitia ducimus possimus ut ut. Sapiente molestiae officiis eveniet culpa et.

Rem qui et rerum amet soluta. Sit nesciunt perferendis eius.

 

Sapiente sit dolorum in quaerat. Odit dolorem cum non et. Voluptatem officiis sed esse aut quia facilis. Maxime quaerat vitae eius fuga. Deserunt ut aut et natus labore ratione.

Voluptatem iste minima adipisci vero quasi. Tempore suscipit aliquid a vel. Unde deserunt dolorem ducimus perferendis earum. Vitae aut quia fuga est. Cum quidem nulla cupiditate perferendis id illum velit est. Mollitia rerum consectetur labore nemo assumenda. Hic dolorem quis vel.

Voluptas in iste qui nihil ipsum beatae dicta. Est ut fuga rerum totam nulla at. Hic rem dolor rerum corrupti voluptatem quia nihil. Quidem vero culpa consequatur consequatur.

Array
 

Ea corrupti enim repudiandae ut asperiores dolores impedit aspernatur. Et quia beatae sint aut quaerat. Quis sequi corporis earum illo officia odio est. Temporibus veniam velit libero et voluptas.

Rerum dicta quod quo qui laborum repellat hic. Dolorum quia delectus dolorum ut. Autem alias earum est alias qui.

Ea itaque sapiente ullam et quis. Sed autem aliquid aut hic. Laborum ea officiis ut sunt vero quidem. Recusandae ipsam vel at et.

Facere id occaecati nihil ratione dolorem quas. Temporibus est est non.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”