CICC IBD or Finance Master

Hi guys, I did my summer at CICC (STAR BOARD and HK IPO) and received return offer call. My main concern is the exit opportunities for bankers at CICC since IBD team is expanding at a quite fast rate, so I am worried about the quality of this job.
I am aiming for USD funds in the end so HK
bbs M&A would be much better start point.
Go CICC first for 1-2 years then apply for bb analyst roles in HK or do a master in finance in the uk and apply for the graduate roles, which one do you think would be better.
My team isn't top at CICC and talking about master I am saying either LBS MFA, LSE MF, or Oxford MFE.

Comments (8)

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1y 
DollarKeepsRaining, what's your opinion? Comment below:

Go for CICC, and try to find a good banker/mentor and work on a couple challenging deals that give you good exposure, and visibility amongst the banking circle in HK. Then try to lateral to international banks - people will know and remember you if you do well.

Master of finance is virtually a waste of time. If you do want to pursue the school route, get a top-tier US MBA and join the BB through summer associate directly.

1y 
Lex111, what's your opinion? Comment below:

Thanks for you suggestions. This is what I am thinking about, but my main concern is that I might get stuck in A-shares forever since some teams at cicc have limited exposures to HK or international markets. What do you suggest if this is really happening?

advantage of master in finance is I would have opportunities to go though the summer cycle in 2023 which would be much easier than lateral from cicc?

1y 
mayoineko, what's your opinion? Comment below:

Master's is not going to guarantee you a spot. If you must get to that fund or die trying and want the fastest route then you have your answer already. It all comes down to your risk tolerance

1y 
Lex111, what's your opinion? Comment below:

I see, thanks a lot.

1y 
DollarKeepsRaining, what's your opinion? Comment below:

Was your return offer for the HK office or mainland office?

Your concern is fair. But, if you do a master of finance, most likely you'll start as a fresh analyst. MBA would put you directly at associate level.

Like Lex111 mentioned, a summer job is not something guaranteed, and sometimes how many interns banks hire is subject to market conditions etc which is out of your control. So weigh the risk you are taking very carefully here.

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1y 
Lex111, what's your opinion? Comment below:

Thanks a lot. My return is for mainland office.

Another reason why I am struggling with master in finance is that I got a science background for my bachelor. When I interned at the bank I saw almost everyone got a finance master.

1y 
mayoineko, what's your opinion? Comment below:

Your degree makes very little difference. Plenty of people with a sciences background in banking. Heck I'd think a majority of Tsinghua grads in banking are from engineering or sciences. 

That said Mainland do value Masters more. But it is more to tick a box than to add any real value to your career. You can just as easily do it part-time. The only reason to pursue the degree is if your goal is to leave China/HK.

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1y 

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