HSBC CIBM Graduate Scheme - Potential Salary?

Hey,

Does anyone know anything about the rewards package for the graduate positions in Corporate, Investment Banking & Markets for HSBC?

Curious to know how comparable it would be to bigger more prestigious names and to their other graduate schemes such as Executive Management.

They publicise their other graduate starting salaries as £25,000 but don't offer any information for the CIBM entry routes.

Cheers.

Reply 1

hmm

its 36k plus 5k sign on... plus at it is a global rotation programme you get an additional 6k secondment allowance (around £25 per day) and on top of that you get bonuses. Two years ago the top level of bonuses for grads was capped at 20k....but thats for gloabl markets which along with IBD should be the best paid..... for capital markets, commercial banking and middle office its lower pay...

Reply 2

rboogie

7

global rotation - is that the one where they send you to like Oman for a couple months and **** like that?

Reply 3

boonkoh

hmm

its 36k plus 5k sign on... plus at it is a global rotation programme you get an additional 6k secondment allowance (around £25 per day) and on top of that you get bonuses. Two years ago the top level of bonuses for grads was capped at 20k....but thats for gloabl markets which along with IBD should be the best paid..... for capital markets, commercial banking and middle office its lower pay...

I believe it has gone up now... judging by what I'll be getting for the summer, in net pay (including the housing benefit), it works out closer to 40k, so I'm guessing for a full-time grad it should be that or more.

Reply 4

Dawhizzy

boonkoh

I believe it has gone up now... judging by what I'll be getting for the summer, in net pay (including the housing benefit), it works out closer to 40k, so I'm guessing for a full-time grad it should be that or more.

Have I been cheated by HSBC or something. The intern pay in CIBM is nothing close to 40k my friend. :wink:

Reply 5

boonkoh

Really?
My offer worked out to touching distance of 40k...

Reply 6

PortfolioManager

7

the interns dont get the bonus like full-timers do, they only get the weekly pay same as full-timers, so u gotta exclude the bonus...

Reply 7

boonkoh

Yeah, I'm really within touching distance of 40k... the way I'm calculating it is taking my weekly pay and multiplying by 52... and not including any bonuses and such.

I did hear that at some companies interns that have impressed sometimes get a cash reward at the end of their stint, at the discretion of their manager... not sure if that is true or not!

Reply 8

Dawhizzy

It is £665 pw, which is nowhere close to £40k :rolleyes:

Reply 9

boonkoh

You're getting only £665 p/w? Are we talking about the same divisions... CIBM, Global Markets? If so.... I thnk HSBC has tried to pull a quick one on you :eek:

Reply 10

City bound

They pay differently dependant on how much they want you. Simple as that.

HSBC CIBM Graduate Scheme - Potential Salary?

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