How does the credit crunch affect the NY vs HK debate????
Hi Guys,
My question relates to an issue that has been touched on in this forum before which is the debate about whether to start as an analyst in NY or HK. I'm looking for some insightful thoughts on this debate to see if anything feels that there has been any change in the trend to start in NY now that the credit crunch has hit and recession in the USA is likely. Obviously this will heavily affect the dealflow that an analyst will be involved in in NY whereas I think HK is still strong.
If one had the choice between MS M&A in HK and TMT in one of the other bulge bracket firms in NY (think JPM, Citi but not GS), what would you decide? The things running through my mind is that work in NY is more technical and rigorous but the exposure to deals and a fascinating asian market in hk is pretty good. also if you want to be long term in Asia, starting now is better than later.
On a related note, does starting somewhere affect your exit options? eg if u start in asia ibd but want to move to ny pe/hf after 2 yrs, is it harder than if you were in NY?
On another note, is it common for people to switch from HK to NY after completing an internship in HK? How does it get done?
Thanks!
It just fortifies London as #1
If you are comfortable going to Hong Kong (are you fluent in chinese/mandarin other asian languages?) and dont mind being outside of the US (family/friends) then going to HK for a year or 2 could do wonders for your career. It's a ballsy move if you want to do it, but from the people I know who have gone abroad for work (london & hk, specifically) it does alot for your resume, reputation. Good luck.
I agree with above,
Some people in IB are proud of having experiences in new bourgeoned market like HK,singapore or taiwan, obviously, good for your career after you get back to US.
Don't worry about the languages, people here speak lots of english.
Come
and good luck
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