Feeling depressed working 4 years with no exit (Asia)
I have done an analyst stint at a BB in HK and then moved to a reputable fund in the region (regional name with sizable AUM and deal flow).
Over the years I started to hate IB/PE more and more. I got really sick of linking and looking at 20-30 tab models, getting grilled for some BS 2025-2029 assumptions which won't make any sense any way and spending majority of my time doing formatting, data mining, administrative work such as KYC/reputation risk check on our client / portfolio companies and getting on 30+ expert calls and take notes just to confirm what we already knew.
I have been looking for exits for a very long time but I have no luck at all despite applying dozens of jobs. I don't cover hot sectors in Asia such as internet/healthcare and I don't speak fluent mandarin / other Asian languages. I have tried applying all sorts of jobs such other PE/, corp dev/strategy/fp&a, , risk management, ratings etc. but I have not even gotten a single interview from the dozens of jobs I applied despite coming from a + MM PE background.
Spoke with some of my former VP/D, they told me exit is extremely tough unless I am a native Chinese (and better if covering those high growth sectors). Corporate positions are everywhere but few are open to bankers. Most of them recruit internally or from big 4 where the (senior) managers there have equivalent if not better skill set than a analyst/junior associate and their salary is within corporate's headcount budget.
My bosses don't recommend doing an MBA either. Campus recruiting for Asia is almost non-exist besides a veryopenings and some tech jobs in China (which are for native Chinese).
I am not sure what to do now. I feel depressed. I thought IB was a fast track to success but everything just feel so unreal now.