Hong Kong Internship
I was wondering, has anyone interned at a BB in Hong Kong as a SA and then returned for full time?
How was the lifestyle?
Pros/cons?
Exit opportunities if you work full time?
Thanks!
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Didn't intern there, but from what I gathered: slightly lower pay, but much lower income taxes + no capital gains tax. In the end, you may end up with more money than if you were to work in NYC.
interned in a bb in hk and now back for full time.
much higher pay. if you are a us citizen, you still pay the same u.s. taxes. there is no such thing as lower taxes for us citizens. too much wrong info on this website
You can use the foreign earned income exclusion to essentially deduct the first $95k off your US taxes. As an (American) analyst your take home will be significantly higher in Asia than in the US because of the tax difference.
That only works if you spend less than 30 days in the U.S every year. If you travel back to the states frequently for personal or business reasons then the exclusion doesn't apply.
Thanks. How about the lifestyle and exit opportunities? Do you have to speak Cantonese?
Any black people in the HK offices? I always wondered. IBD/FO.
Summer Analysts in Hong Kong? (Originally Posted: 02/25/2009)
Offers are pretty much all out, so who's gonna be in HK this summer? Been to HK once before, seems like a kickass city to spend the summer (minus the humidity/heat)
i will
Me
Anyone know what the housing situation is like in HK?
depends on your bank for this year i guess, where you heading?
Not sure about you guys, but HR is sending us an email in a few weeks regarding accommodation.
LKF mofos
Summer 2011 Interns in Hong Kong (Originally Posted: 04/17/2011)
Anyone else working in Hong Kong this summer?!
I have a job interview there May 14th. If i get it, I'll be working in HK :)
Hi metrovestments, which firm is it for? I wonder if any of the firm in HK is recruiting for 2nd round..
I'll PM you with the name of the firm
Would someone like to trade a position in HK for London :P?
Any SA in Hong Kong this summer? (Originally Posted: 07/31/2008)
Would love to hear some perspectives on the SA experiences/ Full time hiring prospect from a current SA in IBD in Hong Kong.
Recently I talked to a few associates in places like DB & GS HK, and was told that they are not even coming to US for FT roadshow this year... is that because of all the credit crisis those banks are going through that are affecting their asia hire? How come I read on the news that they are actually expanding asia hires... or is that limited to senior level hire?
For anyone who is in HK going through the SA program right now, would appreciate if you can share some of the insights on your experience or things about this year's FT hiring process.
I would like to get a response to this too!
I'm interested in applying to Hong Kong, but have no idea whats the hiring climate like over there now. And also, does anyone know how big the analyst class at an ibank in HK usually is?
for DB IBD, they only interviewed 8 candidates from US for the SA HK 08. They may hire some from Europe and some locals I guess.
Look I don't know why they're not coming to the US. But as I was saying in another post, they pretty much just hire natives (meaning mainland students educated overseas or at top-tier Chinese universities) plus a few local HK students.
For IBD, that is the case although you see the exceptions here and there. 75% of the kids are asians from ivy leagues and the about 10% are from top indian or chinese universities and about 15% are non asians. Global markets or trading is a completely different scenario as they hire a lot of caucasians and other non-asian races. Recruiting is really tough this year, so full time hiring is not going to be great. Even full time recruits from SAs is going to be pretty tough. That said, it's definitely better than in the US right now.
does anyone know about the process of getting a SA and then a FT position at a BB in HK/spore, while studying in the US?
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