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Career Talk – Investment Banking. 16 Nov 2011. CSWCSS. Ngai Tak Ping. Content. - Self Introduction - What is “Investment Banking” - Prospect of working in the Industry - Salary Level in General - Some Major Investment Banks - Strengths for Success
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Career Talk – Investment Banking • 16 Nov 2011 • CSWCSS • Ngai Tak Ping
Content • - Self Introduction • - What is “Investment Banking” • - Prospect of working in the Industry • - Salary Level in General • - Some Major Investment Banks • - Strengths for Success • - Way to enter the Financial Industry for a Graduate • - Well recognized qualifications 1
Self Introduction • 1. 倪德平 • 2. Graduated in 1986 from CSWCSS • 3. Obtained a bachelor degree in Accountancy from City University of Hong Kong in 1989 • 4. Became a qualified accountant in 1996 • 5. Working in banking industry since graduation • 6. Currently a Vice President of a Japanese Investment Bank 2
What is Investment Banking Fund Raising Merger and Acquisition Corporate Finance Liquidity Management Government Investment Funds Corporation Retail Customers 3
Established local market for the expertise Hong Kong is one of the major financial centre in the world. Most of the investment banks have their regional headquarter in the city. 4
Some Major Investment Banks • UBS • Morgan Stanley • Goldman Sachs • Credit Suisse • JP Morgan • HSBC • Bank of America Merrill Lynch • Deutsche Bank AG 5
Opportunity to work overseas Shanghai London Tokyo New York Mumbai Singapore Sydney 6
Salary Level of the Industry • ( Average per month ) • Graduate trainee $ 18k -21k • Analyst * $ 22k – 30k • Manager * $ 28k – 50k • Senior Manager * $ 50k – 80k • * Source : Salary Guide Hong Kong 2011, Morgan McKinley 7
Usual Strengths for Success • Willing to work for long hours and under pressure (9+ hours daily) • Be a good team player and have innovative ideas • Good at communication in both written and oral 8
Way to enter the Financial Industry Graduate Program UNIVERSITY • SECONDARY SCHOOL Internships Engineering Accounting and Finance Economics 9
Popular JUPAS Programme (3 year curriculum) for Graduates The Chinese University of Hong Kong • JA4202 Integrated Bachelor of Business Administration Programme • JA4238 Insurance, Financial and Actuarial Analysis • JA4240 Professional Accountancy • JA4252 Quantitative Finance • JA4276 Quantitative Finance and Risk Management Science The Hong Kong University of Science and Technology • JA5012 BSc Risk Management and Business Intelligence • JA5232 BSc Mathematics and Economics • JA5701 Bachelor of Business Administration • JA5751 BSc Economics and Finance • JA5787 BSc Quantitative Finance • JA5921 BBA Global Business 10
The University of Hong Kong JA6767 Bachelor of Economics / Bachelor of Economics and Finance JA6781 Bachelor of Business Administration (Accounting and Finance) JA6793 Bachelor of Business Administration (Information Systems) JA6884 Bachelor of Science (Quantitative Finance) 11
Widely Recognised Qualifications • 1. Institute of Certified Financial Planners of Hong Kong • A bachelor degree of an accredited university or above or passes in six modules of the certification education program 12
3. Chartered Financial Analyst • 特許財經分析師、特許金融分析師、註冊金融分析師 14