Given an option, would you rather start IBD in an emerging market (Shanghai/Mumbai) or more developed markets like NYC/London considering the deal-flow, deal exposure, pay in absolute terms(PPP) and lower cost of living? What would you prefer if an emerging market (eg. Shanghai, Mumbai etc) was your home country??
Trending Content - Investment Banking Forum
| +212 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 51 | 10h |
| +109 | IB Energy Drink Tier List / Ranking | 72 | 18h |
| +103 | ONLY THESE BANKS OR YOU STRUCK OUT | 31 | 2h |
| +91 | PJT M&A Group Selection 2026 | 14 | 14h |
| +51 | Feedback for internship first desk at IBD BB - personal fit, "don't be too confident" | 29 | 16h |
| +46 | Firm Thinks I'm Lying About Offer | 18 | 7h |
| +31 | Stay at Weak Dealflow Team or Lateral? | 7 | 19h |
| +29 | Does BofA still pay its associates rat pellets? | 15 | 17h |
| +26 | Rogo AI | 6 | 3h |
| +22 | Indiana University Fraternity Pipelines | 13 | 14h |
Career Resources
Okay so I am still in college. But recently had a conversation with a senior banker that might answer your question. I can at least give my opinion.
For China - you start off in HK, then move to Shanghai/Beijing/Shenzhen whatever. He basically said start off in a hub (HK, London, NY) and learn all of the modelling and shit, then go elsewhere. Apparently you learn the skill set you need to succeed elsewhere while being a bitch analyst in one of the hubs.
But anyone please feel free to correct me.
thanks for the advice. anyone else who would want to share????
do you know chinese?
Whitecollar has the right idea.
It is much easier to move from a hub (NY, London) to an emerging market than vice versa. You are also more likely to get higher quality training / deal-flow (not guaranteed though).
You also have to remember that especially Mumbai will pay you a lot less. However, people will be really relaxed. If you don't speak Hindi, you will quickly feel like an outsider (friend's experience) and you won't learn as much if you don't understand half of the things that are being said.
Eius illum qui tempore quasi dicta. Facere corrupti facilis quasi ipsa et molestias porro. Voluptas nulla consequatur voluptas quas sed. Placeat consectetur rerum ratione. Non laboriosam esse labore laboriosam.
Voluptas cumque est repellendus mollitia enim eum nisi. Aut consequatur facere quia dolor eligendi minus est. Praesentium possimus tempora qui qui similique aliquam. Et ducimus et dolor at est quod.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...