| Topic Name: |
Investment Banking Experience |
| Message Name: |
Response to Fantastic |
| Date Posted: |
02/10/2006 |
| In Reply To: |
Thanks for your great input so far. I'm just interested in how far HSBC can really go.
In terms of the US, so basically from what you're saying it's a no-go for HSBC. Are there really no teams there which do reasonably well?
In terms of bonus being on market average - isn't the market rate at 100% base for a 2-rated analyst? It sounds like at HSBC you get 1/4 of that?
I've heard about the rotation programme which HSBC has. Where do most graduates go? Would rotating to somewhere atypical be a good experience, like Japan or China. How does the HK teams compare? Which would be a credible team to join?
Bottomline - which team do you recommend at HSBC?
PS: Out of curiosity, which team do you work in?
Thanks so much for your advice. |
| Message: |
It's your career and to put it in the hands of hope is not something I recommended to a friend...as much as you want to convince yourself. They're behind the rest in the US, they're in-road would be cross-border deals, but there a number of banks involved in the market with strong track records.
Metals & Mining do well and they'll be merged with Energy & Utilities, with the Metals & Mining MD heading it up. WIth the growth in China and the sector team's track record, they are positioned to enjoy further successes. E&U typically have the longest work hours...kiss the weekends good bye.
There were quite few people who got less than expected.
Doing rotations in the far off, non-focus areas I'd advise AGAINST. Any regional offices, you'll get less relelvant exposure and experience. So Japan no, HK/China yes, but I wouldn't consider it a regional office. I did a rotation in a regional office and you pretty much prepare pitch work, news, etc.. for the MD who is the relationship contact person. London swoops in if there's a deal to be done.
To answer this question: which team do you recommend at HSBC?
I don't, the first message I posted details that I'd advise against joining....HSBC was between 19th-21st on league tables!!!
I'd give too much away if I told you my team.
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