banking

BNP Consulting and Transformation

Jason
Jason

Hi, may I know what do you about the analyst position of APAC BNP in house consulting role? In terms of culture, career path and salary progression.


How does BNP compare with other investment banks in HK? Would it have a good exit option?


Thanks!

編輯於2020年03月14日

別人叫我太SoHin | Anthony@OnGrad
別人叫我太SoHin | Anthony@OnGrad
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Hi Jason, that’s definitely a very competitive role as it requires related experiences in consulting. Though I can’t find enough amounts of profiles online concerning this role / department, it somehow reflects that the team size is not large and is not frequently hiring esp for entry positions. I bet you should be a very strong candidate if you get the offer, or else you will be facing quite a number of experienced applicants. 

Source: BNP Paribas Careers Website

Let us take a look on the job duties. I extracted a part of the JD from a similar role as shown above. Yes it does what an in-house consulting team should do, and the team name basically tells everything. Nothing special. Comments on BNP’s working environment and culture are not bad, I would say it will be at standard investment banking level: seasonally busy. As a young professional it should be quite satisfying if you can work in IFC. The only concern is about its potential job-cuts during the current economic downturn. 

Source: LinkedIn

Taking about the career progression and prospects. Career progression inside BNP is pretty normal which you can expect to get a Manager title in 2-3 years, and a promotion/role change per 3-4 years. Salary is decent as still it is a management consulting role, but not as charming as front office positions of course. I would say it would be comparable to or slightly less than that of most reputable MT Programmes and their salary increase in future, simply because of the non-programme nature. Taking reference from career profiles of team leaders or members, one of those as attached, you can expect careers changes in similar positions of similar level investment banks (Europeans) say Deutsche Bank and Société Générale, or a career in non-MBB level / boutique management and tech consulting firms say Accenture and Capco. 

All in all, I would say it is a great position and I would definitely go for it if I get an offer.

編輯於2020年03月08日

草子xv
草子xv

edit on 9 Mar

So this is the management consulting function I mentioned. I would say, it is a very exciting opportunity for someone who can possibly be the "star of the future" in the bank.

You will get a lot of exposure to different topics, different department and senior management It is a challenging role but also a perfect role for someone to excel.

So this role doesn't really consider someone without experience in BNP/consulting, unless he/she shows the potential that he/she is the star of the future

For candidate with experience, cGPA doesn't really matter

For grads, master degree highly preferred (BNP likes to hire master grad even for grad Programme), cGPA most of the time even for back office it is at least 3.6

Exit opportunity

mostly it is other ibanks' internal consultancy, MBB, worst case big4 consulting

But if you get this role and you enjoy BNP, I suggest to stay in BNP for long time (5-10 years) to build your career there. As if you try hard, this is a position that can boost your career fast. Maybe like in 5-10 years VP, SVP etc

Culture

BNP is very french. That means, people are chill, and it is not that stressful comparing to other ibanks. at the same time, it is also french oriented, a lot of senior management is French. So if you want to stay until you retire, either you learn French or you stay in middle management at max

Salary

Afaik, BNP is underpaid comparing to other BB ibanks, but attractive when comparing to commercial banks (except HSBC)

If you like work life balance, BNP is a good place. If you don't mind to work 15-16 hours a day but you get fast tract career and higher pay, you should aim for tier 1 ibanks

———————————————————-

BNP有自己嘅 management consulting team, 係centralised 同埋直接under global (global = paris) ...

你想了解多啲嘅position係直接under management consulting 定係 ITO (IT and Operation)? 

係comment到俾多少少資料我,  ie application link, 等我可以分享番啲有用少少嘅info啦 👍🏻

編輯於2020年03月10日

Jason
Jason

https://www.linkedin.com/jobs/view/1750464029


Thanks a lot. This is the attached link for the position.

編輯於2020年03月08日
http://onelink.to/75sv3m
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