HSBC Cover Letter
December 9, 2012
To whom it may concern,
My interest in Investment Banking, my passion to deal with challenges and my well-rounded skill sets working in corporate sectors make me a well-qualified candidate for an internship at HSBC. This internship will be my first step to realise my long-term career here.
My career choice in Investment Banking Division was a result of careful consideration after having worked in many different positions. The Goldman Sachs A Level Girl Program introduced me to Investment Banking as early as my A2 year. However, at that time, I was not quite persuaded that it was for me because of the challenges of working in the male-dominated environment, the long hours, and the difficult economic conditions for IBD. This mindset has changed over time, because I had the chance to experience other less challenging fields, such as Human Resource, which I interned in at Bank of AmericaMerrill Lynch, as well as Retail Banking, which I interned in at HSBC. Since then, I realised that my long-term career needs to be more intellectual, fast-paced and intense than that. In July 2012, I attended the Investment Banking Freshlook Women Conference, when I was inspired not to limit my own potential, when I have not even experienced Investment Banking Division firsthand. From then, I was really motivated to try out the advisory work, especially M&A. I therefore made many speculative applications and cold calls to several financial institutions in Vietnam. By successfully selling my skills and myself to a partner in KPMG, I managed to get a month off-cycle Corporate Financeinternship in KPMG with their M&A Team. I was really passionate about the Investment Banking Division job I did, because of the significant impact I made by working with the small regional M&A team of only five people, handling a vast amount of work. My passion with Investment Banking Division was consolidated from this internship, yet I have not forgotten the wonderful experience working for HSBC RBWM over this summer. I therefore wish to challenge myself again in IBD, and return to HSBC for the summer internship in Global Banking.
From the three different firms I worked for, one investment bank, one retail bank and one accountancy firm, I have gradually seen the direction of the post-crisis transformation in financial industry. HSBC, BAML and KPMG, despite of exercising different strategies, have generally strategically moved to specialize in profitable products and geographical regions. This industry trend has come in not only because of the regulation changes, but also because of the vision of more profitability and lower cost generated from a more fragmented and specialized financial industry. Relating this to choose the bank I work for, having observed that trend from the industry, your strong potential, especially in Asia Pacific, is what appealed to me. I believe HSBC will continue to strengthen the Investment Banking arm, especially in Asia Pacific, and gain more market share from other players’ exits. On the other hand, HSBC has an extremely competitive position in term of investment banking activities in Vietnam – my home country, which will open up more long-term career opportunities for me.
Working in Investment Banking Division is challenging, as I am well aware, yet I have the right attitude and a well-rounded skill set for what it takes. I am determined to work hard to deliver results, and able to work on multiple projects at once, which is evident from the amount of work experiences I have obtained – many of which happens simultaneously and drove me to manage my time more efficiently along with my academic studies. In term of technical proficiency, I understand having great numerical skills can make me a good analyst, however, aiming to outperform, I have also self-studied the basic technical foundations for Investment Banking Division prior to my KPMGCorporate Financeinternship. Continuing this steep learning curve, I now also take a formally assessed module on Corporate Finance at LSE to enhance this technical foundation by next summer. Beside financial related experiences, I am a well-rounded person who participates in many different non-banking activities, such as volunteering for the Olympics, working for an NGO, teaching in Summer Schools, working in media editing and working for Pearson Plc. on improving students’ learning experiences. These participations not only gave me personal enjoyment and a greater horizon outside the financial world, but also a great network of colleagues and friends who enrich my knowledge and give me many opportunities. Beside academia and all the responsibilities I have taken, I exercise a balanced lifestyle with dancing and watching performing arts, as well as my hobby of filming, for which I won the first prize of British Council’s competition.
Website : www.hsbc.com
Headquarters : London, England
Size : 10000+ employees
Founded : 1865
Type : Company – Public (HSBC)
Industry : Finance
Revenue : £5 to £10 billion (GBP) per year
Competitors : Citibank, J.P. Morgan, Wells Fargo
HSBC would be a real alphabet soup if the company’s name reflected its geographic diversity. One of the world’s largest banking groups by assets, HSBC Holdings owns subsidiaries throughout Europe, Hong Kong and the rest of the Asia/Pacific region, the Middle East and Africa, and the Americas. All told, the company has some 7,500 locations in more than 90 countries. Its activities include consumer and commercial banking, credit cards, private banking, investment banking, and leasing. Its North American operations comprise HSBC USA, HSBC Bank Canada, HSBC Bank Bermuda, and Grupo Financiero HSBC in Mexico.
Mission: Throughout our history we have been where the growth is, connecting customers to opportunities. We enable businesses to thrive and economies to prosper, helping people fulfil their hopes and dreams and realise their ambitions. This is our role and purpose.