While there are bits and pieces of information on lifestyle and banking in Hong Kong, few threads have the full overview. Can someone please give the general overview of the career path in Hong Kong? I read somewhere that in HK, most IB analysts stay on as associates as compared to NY, where analysts move to PE or HF. Also, while most threads just say tax rate is "lower" because its 15%, few clarified that you have to pay US taxes too, except that you're exempt for the first 90k provided that you meet a few prerequisites. So can someone working in HK give the full picture of a career in Hong Kong?
Topics that will be helpful:
1. Is compensation in PE really lower than that of IB in HK?
2. What about HF analyst compensation? How established are hedge funds in HK? Anything different about HFs in HK and those in NY?
3. Hours are longer than NY. True or False?
4. Housing stipend? Still exist or something in the past?
5. Year-end bonus - what's the usual range?
6. People say HK is more fun than NY. Care to explain why? I was a SA in HK and didn't get to party much. Barely at all to be accurate.
7. How are the girls there? Are there any hot white girls or mostly Asian? Do you converse with them in clubs/bars with English or Chinese?
8. What is the recruiting process for PE and HF? Do headhunters reach out to IB analysts or is the process more unstructured? An overview would be great.
9. Also, for those of you who've been to Macau, how are the Macau girls that hang around the casinos and hotels? I heard they're excellent quality, but is sexual diseases common?
Basically I'm trying to make this a discussion that captures all the scattered bits and pieces and provide a full-picture of working in Hong Kong.
Any insight would be appreciated. Thanks.