Dilemma - Next steps post BB?
Hi All -
Background - Second year analyst @ a top-tier BB in Hong Kong. Originally interned at NY BB IBD in a top group (received FT offer) but decided to transfer to Hong Kong to try something new. I am American and thinking about next steps here.
Deal flow has been weak globally, which also has been true in the APAC region. Consequence of this has been a somewhat stymied learning experienced - would like to salvage what (if any) is left of my analyst stint by considering next steps. For those of you with some industry experience, what would you guys do?
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Third year --> MBA. This is the most straight-forward option. A-to-A promotions, although not guarateed per se, tend to be more a lot more common. Can stick it out for the next 1.5 years and go back home for the MBA and continue career in the US at that point.
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Transfer asap (internally). There are certain opportunities available within the firm that would potentially facilitate a move. The issue is these groups aren't necessarily what would be considered "front-office" roles - think capital markets, IB risk, corporate advisory groups. Are opportunities existent out of these groups or is it going to be MBA anyway?
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Ask for rotation (3rd year). Third-year rotation in NY is a possibility in an IBD coverage group (my group now). However, are there any opportunities for third-year analysts? Transfering 3rd year also may impede MBA plans... (difficult to ask your team to rotate you on a 1-year basis AND ask for MBA reccs at the same time..). Does recruiting happen for third-years?
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Buyside - There are actually a lot of buyside opportunities in Asia - the problem is most are fledgling Chinese buyside firms (some with very high caliber people). However, my Chinese is not of a sufficient level to work in a pure Chinese environment, and to be honest not particularly a big fan of the work environment either. Other type of instituational investors (SWFs, insurance, mutual funds, AM) all are increasingly localized - squeezing the range of opportunities (and closing fast).
Well - that's it in a nutshell. Any suggestions - particularly from 2nd - 3rd years in NY. How are your experiences thus far in terms of deal flow, and opportunities to next steps (whether that be PE, HF, corporates, non-profit, or other kinds of institutions)
Thanks!
