Hong Kong Investment Banking (1 Viewer)

[Newbie]

Anyone got any thoughts on this

i mean anything

i wana find out more about it

 

[Frigid]

if i were you newbie, i would get in contact with the ibanks' HR offices and ask them directly.

 

[Newbie]

hard to get past the bullshit about how their particular firm rocks my jocks

but im keen to hear about any rumours or experiences about the work culture there or stuff you've heard from mates, etc, etc

 

[Krieg]

Hong Kong Investment banking = KILLER HOURS x 15!!!! (literally ppl end up suiciding by jumping out of their apartments over there due to the pressure!!)

I have quite a few friends and colleagues working in HONG KONG and it is like take the Australian i-bank hours and multiply that by 15 multiply that by 20 times for the politics and backstabing.

Are you retarded?

 

[Newbie]

so i've heard

damn asians go hard
i cant imagine how they have energy for politics after pulling 130 hour weeks

 

[velox]

this hours stuff sounds like bs.

 

[Newbie]

nah its true
my mate did ubs hk this xmas
9am-3am 7 days

 

[O2]

What is this... so many threads about investment banking... Sure, its easy to imagine working in one of these IB's,, however,, have you really thought about it realistically...? Chances are, you wont get it! Its tough, but thats the world we live in.. Its easy to imagine working at an IB when we get a HD in an assignment, imagining, the money, the status,etc etc... But its probably not going to happen.. they are dreams for the most part...

 

[turtleface]

Its easy to imagine working at an IB when we get a HD in an assignment, imagining, the money, the status,etc etc... But its probably not going to happen.. they are dreams for the most part...

Dream? More like a nightmare.


Nah just kidding I'm sure IB is ok, but really...are you sure you wanna join as an Analyst? What do you get...you slave your arse off doing 10X more work than the people who get paid 10X more than you only to end up in the unlucky (or lucky) 90% that do not receive a contract renewal after their 2 year analyst contract is up. Then you get to look forward to joining the Centrelink queue.

 

[Newbie]

there are always pros and cons to everything
i just wanted to hear some stories about HK

but of course getting in is the hard part

 

[Bobness]

Hong Kong Investment Banking

Moar layk UNSW Investment Banking. LOL!

130 hrs a week? Moar layk 1337 hrs every 10 weeks.



P.S. I'm inclined to agree with turtleface's viewpoints.

 

[Frigid]

marginal benefit vs marginal costs, newbie

 

[Bobness]

marginal costs? moar layk opportunity costs.

marginal benefits? moar layk newbie's friends with benefits, lol!

(don't mind me, i'm just restless that's all. hai frigid :wave

 

[Newbie]

frigid is my friend with benefits

my friend was working in korea and told me that the asian work culture is disturbingly collegial, the entire team eats together goes out together, etc

anyone got any views or experiences on that?

 

[ND]

Newbie: I think that UBS are recruiting straight to HK (IIRC).

I've spoken with people who've worked in HK, and yes, HK hours = NY hours > Sydney hours.

 

[Newbie]

yeah ubs sounds pretty sweet

one slightly bent thing about it was theres multiple interns chasing 1 grad offer
last year it was 6 guys going fo 1. thats so cutthroat.

 

[Omnidragon]

My friend at JPM HK got 5 days off last year (inc. weekends).

 

[ND]

That's pretty fucked up.

 

[Newbie]

gotta love the chinese new year


anyone got any idea on remuneration levels for 1st year HK grads?

 

[Frigid]

anyone got any idea on remuneration levels for 1st year HK grads?

on a whim... but probly 1 million HKD, or double lawyers' remuneration. ><