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Management Trainee 2024/2025 HK: What University Students Need to Know about Bank MT/Property MT

Management Trainee 2024/2025 HK: Essential Information for University Students Applying for Bank MT/Property MT Positions.

Interview for MT PRogram

The salaries for Management Trainees (MT) vary across different industries. The highest compensation packages, particularly generous, are found in investment banks, especially in the front office departments. Typically, Management Trainees in the Investment Banking Division (IBD) or Sales and Trading (S&T) can earn as much as HK$50,000 to HK$60,000 (or even more!) per month. Even for the middle and back office divisions of investment banks or in commercial banks, salaries are not less than HK$30,000. On the other hand, large corporations generally offer Management Trainee salaries around HK$20,000. Despite this, their prospects for promotion are better than in many other positions, with the potential to reach managerial roles within a few years, which is particularly attractive to university students nearing graduation.

The following are some Management Trainee salaries for 2023:

HKCareers has successfully helped over 2,000 students from Hong Kong and Singapore secure IB/Banking/Consulting/Conglomerate Offers in the past.

If you are interested in learning more, you can join the Free Demo and Career Advising Session.

Offer Letter Sample
Offer Letter Sample

 2.Which companies are most popular for Management Trainee (MT) / Graduate Trainee (GT) positions?

If a company is larger in scale and has a greater reputation, it will naturally attract more students who attempt to join. Because if you have had the experience of being an MT/GT in a large firm, it means that you possess considerable abilities to have been able to pass the selection process. This brings significant benefits to your future career development and prospects.

 

  • Investment Banking: Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America, Deutsche Bank, UBS, BNP Paribas, Bank of America, and so on.

  • Banking: HSBC, Hang Seng Bank, Standard Chartered Bank, Citibank, DBS, Bank of China, BEA, and so on.

  • Property Developers: Sun Hung Kai Properties, Hang Lung Properties, Sino Group

  • Conglomerates: Swire, Jardine Matheson, MTR, and so on.

  • FMCG: P&G, L'Oréal, Unilever, DFI, and so on.

3. How difficult is it to apply for Management Trainee (MT)/Graduate Trainee (GT) positions?

Most companies, investment banks, and banks receive thousands of applications (ranging from 3,000 to 8,000) for MT/GT positions each year. Additionally, the headcount for each department is limited. You may imagine how intense the competition could be. Before applying for an MT position in investment banking or banking, you should understand the headcount for each company or department, as it can improve your chances of success. Companies and departments with fewer headcounts naturally face more intense competition.

 

Due to the high level of competition, companies establish multiple selection stages to assess candidates' abilities, gradually filtering out the best of the best. Making it to the final round interview is already a significant achievement.

4. Which MT/GT positions have higher success rates?

While the applications for MT/GT positions are quite competitive in general, the level of difficulty may vary a little depending on the industry, department, and job nature. Due to the attractive salary packages, investment banking divisions attract numerous top university graduates, resulting in the most stringent selection requirements and the most challenging MT positions. Following closely are S&T, Asset Management (AM), and the three major management consulting firms (McKinsey, Bain, and Boston Consulting Group, collectively known as MBB Consulting Firms), which also have relatively difficult positions to secure. On the other hand, positions in the Big Four accounting firms or audit firms (such as Audit and Advisory) are relatively easier to obtain because they have more vacancies and less generous compensation compared to investment banks or banks, and are known for long working hours.

 

⭕️ Most challenging Management Trainee (MT)/Graduate Trainee (GT) departments (listed from most difficult to easiest):

  • Investment Banking Division (IBD)

  • Sales and Trading (S&T)/Asset Management (AM)/MBB Consulting Firms

  • Private Banks (PB)

  • Commercial and Corporate Banks

  • Back-office departments in investment banks, such as Risk Management, Finance, Compliance, Operations, etc.

  • Real Estate Developers/Corporate Groups/FMCG companies like Swire, Jardines, etc.

  • Big Four accounting firms like Audit and Advisory

 

⭕️ Comparison of MT Headcount across Industries and Departments:

 

Investment Banking/Banking:

  • Investment Banking Division (IBD): 5 to 8 people per program

  • Sales and Trading (S&T)/Private Banks (PB)/Asset Management (AM): 4 to 8 people per division

  • Commercial and Corporate Banks: Approximately 10 people per division

  • Retail and Digital Banks: Approximately 10 people per division

  • Back-office departments in investment banks: 2 to 5 people per division

 

Property:

  • Sales and Marketing: 2 to 3 people

  • Retail Leasing: 2 to 3 people

  • Office Leasing: 3 to 4 people

  • Residential Leasing: 1 to 2 people

  • Property Management: 1 to 2 people

 

Retail/FMCG:

  • Sales: 2 to 3 people

  • Marketing: Around 2 people

  • Supply Chain Management: 1 to 2 people

  • Back-office departments: 2 to 3 people

 

Consulting or Advisory:

  • Deals or Mergers and Acquisitions (M&A): 2 to 5 people per division

  • Business and Strategy Consulting: 5 to 10 people per division

  • Risk or Compliance Consulting: 5 to 10 people per division

  • IT Consulting: 15+ people

HKCareers has successfully helped over 2,000 students from Hong Kong and Singapore secure IB/Banking/Consulting/Conglomerate Offers in the past.

If you are interested in learning more, you can join the Free Demo and Career Advising Session.

Offer Letter Sample
Offer Letter Sample

5.  What are the stages of the Management Trainee (MT)/Graduate Trainee (GT) program?

For the 2024/25 recruitment cycle, the MT/GT programs generally include the following stages:

  • CV Screening

  • Aptitude Test

  • Video Interview/HR Interview

  • Assessment Centre

  • Panel Interview

 

⭕ Details of Each Stage and the Respective Preparation Methods:

 

1️⃣ CV Screening:

After submitting an application for the Management Trainee (MT)/Graduate Trainee (GT) position online, some companies will conduct a CV screening process (using artificial intelligence) to filter out unsuitable candidates and select those who meet the criteria to proceed with the aptitude test and other subsequent stages.

 

If you want to secure your desired MT or GT offer, the crucial first step is to have a professional and competitive Curriculum Vitae (CV). Many students tend to include all their information in their CV, thinking that longer is better. However, each item or keyword on the CV should be relevant to the industry and position you are applying for, highlighting your abilities, character, experience, and distinct qualities. Whether it's the HR department or AI, they should be convinced that you are capable of handling the MT position and having the potential to become a part of the company's management. If you include inappropriate information in your CV, you may be eliminated at the initial stage of CV screening, even before entering the assessment process.

 

However, writing a persuasive and competitive CV on your own can be challenging. How would you know what qualities or backgrounds different companies or HR departments in various industries are looking for in employees? This is where attending a personal CV and cover letter workshop might help you! HKCareers has got professional consultants who can analyze your CV from an insider's perspective during an one-hour session and provide objective suggestions for improvements, allowing you to showcase your abilities and strengths on a single page CV while meeting the requirements of the target companies. Our goal is to stand out from thousands (or even tens of thousands!) of job applications and increase your chances of success.

2️⃣ Aptitude Test:

There are various Aptitude Test systems available in the market, commonly used by Hong Kong companies, including SHL, Talent Q, CUBIKS, GradeAce, Cut-e, and Game Assessment, among others. Different companies adopt their own systems to assess different aspects of candidates' abilities. To pass the Aptitude Test successfully, you generally need to complete or answer correctly 85% to 95% of the questions.

 

Even if your CV is outstanding, if your Aptitude Test scores do not meet the standard, you won't proceed to the next stage of the selection process. On the other hand, if your CV is not particularly outstanding, but you have the ability to perform well in the Aptitude Test, you still have a chance to advance to the next round and compete with others.

 

Since the Aptitude Test is crucial, it is essential to understand the winning strategies and methods for different types of Aptitude Tests, enabling you to excel regardless of the specific test type and secure the desired offer.

​​

 

 

 

3️⃣ Video Interview/ HR Interview:

After the COVID-19 pandemic, many companies (including HSBC, JP Morgan, MTR, etc.) have adopted video interviews to select candidates for further assessment. However, a small number of companies like Hang Seng and Citibank still use traditional HR interviews. In a video interview, you generally won't face a live interviewer. Instead, you need to log into the company's system (commonly using HireVue) within a specific time and answer a list of pre-set questions. You only have one chance to provide your responses, and the entire process is recorded on video, which is evaluated by both AI and HR personnel. It's worth noting that companies don't just assess the content of your answers; they also pay attention to every detail: the video-taking environment, hardware setup, audio and video quality, personal appearance, manner of speaking, and even facial expressions! Your every movement and gesture in front of the camera are scrutinized, along with data analysis by the system. In some video interviews, HR managers may include certain keywords or descriptions in the system based on industry background, company culture, and job nature. The AI then tracks the frequency of your mention of these keywords to assess your personality and determine how suitable you are for the company's position. Therefore, don't underestimate the video interview just because you can do it from home. It can be more challenging than traditional interviews, and many people often stumble in this stage without fully understanding why.

 

Tips for Video Interviews:

  • Test your camera beforehand and choose a well-lit location. Adjust the camera angle to ensure that your face and chest are visible in the frame.

  • Speak slightly louder than usual to ensure clear recording of your responses by the AI.

  • Prepare a script for common CV-based or behavioral questions and familiarize yourself with it to avoid improvising during the interview.

  • Time your script accurately. Generally, video interviews provide two to three minutes for each question, and you usually have only one chance to record your response. Make the most of this opportunity.

  • Manage your time properly and start wrapping up when you have 10 seconds left.

 

4️⃣Assessment Centre:

An Assessment Centre (AC) refers to a company conducting multiple assessments on the same day. It usually includes a written test, onsite aptitude test, case analysis, group discussions, role plays, and individual interviews. Case analysis is often the most challenging part and requires more preparation time. Some companies, particularly in property developers or specific conglomerates, may also include team games to assess group cooperation skills.

 

Case analysis involves:

In a typical case analysis, people are often assigned to work in groups of six to eight. They are required to read a 10 to 20-page business case within a limited time frame, which includes company information, financial statements, accounting ratios, product details, etc., and to engage in group discussions ir order to accomplish one of the following assigned tasks:

 

  1. Analysis Type: Analyzing the case background, identifying problems, providing effective recommendations, and delivering a presentation.

  2. Proposal Type: Proposing a theme and outline for the case, discussing detailed aspects such as manpower allocation, cost control, and marketing promotion.

 

Tips for Case Analysis:

  • Set a discussion agenda and allocate time for each agenda item.

  • Do summarize the discussion progress from time to time (recommended every five minutes) to ensure efficiency.

  • Demonstrate your analytical skills. Make good use of tools or models and consider various perspectives, including financial, market, competitive, and risk aspects, when expressing your viewpoints.

  • Strike a balance between leadership versus teamwork, assertiveness versus compromise.

  • Utilize tools such as flip charts (around 5 to 10 sheets).

  • Prepare for common questions in the Q&A session, such as contingency plans, foreseeable risks, alternative solutions, etc.

 

Case analysis assesses not only theoretical knowledge, numerical and analytical abilities but also evaluates soft skills such as stress tolerance, leadership, and communication skills. Although it may seem challenging to read and analyze multiple pieces of information within a short time frame, preparation and practice can improve your performance. HKCareers provides support for all stages of the interview process, including the first round, assessment center, and final superday, offering the latest and most comprehensive interview sources and briefings for different investment banks, banks, and companies.

 

 

 

 

5️⃣Panel Interview)

Panel interviews usually occur in the final round, where the interviewers are often division heads or managers. They ask situational and industry-specific questions to assess your professional skills, problem-solving abilities, and suitability for the role.

 

Common interview questions include:

  • Tell me about a time you worked in a team.

  • Tell us about one of your biggest setbacks at work or in life.

  • How do you deal with stress and failure?

  • Where do you see yourself in ten years? What is your ideal career development plan?

  • Can you propose a new digital initiative to attract more young professional clients to our bank?

  • Walk me through a discounted cash flow model.

  • Can you share any recent financial news?

 

In addition to the commonly asked questions, panel interviews may also include unconventional questions to test your ability to think on your feet. HKCareers provides in-depth industry knowledge and technical skills training, as well as professionally crafted answering scripts to help you leave a lasting impression on the interviewers.

Mt Interview Process
MT Interview Process - Aptitude Test
MT Interview Tips
MT Interview Tips - Video Interview
MT Interview Tips - AI Interview
Business Case Discussion- Mt Interview
MT Interview Tips
Interview Image

HKCareers has successfully helped over 2,000 students from Hong Kong and Singapore secure IB/Banking/Consulting/Conglomerate Offers in the past.

If you are interested in learning more, you can join the Free Demo and Career Advising Session

Offer Letter Sample
Offer Letter Sample

HKCareers tailors personalized job application strategies for university students in Hong Kong, Singapore, and the UK, targeting Management Trainee Programs, Internship Programs, and positions in Investment Banking, Banking, the Finance sector, and Consulting Firms. These strategies include improving CVs and Cover Letters, providing interview training and mock interviews, Aptitude Test question banks, detailed interview questions, and industry reports, all aimed at significantly increasing the chances of students securing a Management Trainee Offer. Since its establishment in 2014, HKCareers' professional team, consisting of over 150 experienced career consultants and industry experts, has paved the path to success for more than 2,000 students, documenting numerous successful cases.

Multiple MT Offers
Multiple MT Offers

Alumni of HKCareers share their success stories and reflections:

MT Interview Tips
24_JP Morgan_Private Bank
03:36
24_Citi Indonesia_Markets
07:21
24_Nomura_S&T
06:26
24_Bain&Co_Associate Consultant
10:48
24_JP Morgan_Asset Management
06:51
MT Interview Tips

HKCareers has successfully helped over 2,000 students from Hong Kong and Singapore secure IB/Banking/Consulting/Conglomerate Offers in the past.

If you are interested in learning more, you can join the Free Demo and Career Advising Session

Offer Letter Sample
Offer Letter Sample

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Disclaimer: HKCareers is an education institute on career development and training. We are not an employment agent and do not provide employment services. | Site Policy

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