SO is Asia the future. ...............
so.......... everyday u hear someone in the media beagging abt asia being the next place to be.
in this context i would like to have an opinion from u guys abt pursuing an mba in the region. my target is HKUST MBA.
there is a point of view that u shud plan for the future and if the future is in asia atleast for the next 30-40 years (and thats the span of most of our careers) should we be moving to asia or remain sticked to NY or london and see asia takin over.
So i want to take the view of all u guys abt HKUST MBA ( ranked in TOP 10 BY FT). would it be a gud shot to aim for this one rather than the top US or EU ones .
please spare my spelling and i hope to get useful insights from all the community members (please dont start any wasr here)
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Asia will be increasingly important and will probably house the largest economies in the latter half of this century. That being said, American B schools are still currently far superior and I would recommend just going here if you can secure a good school. Learning some Mandarin might be a good idea though (You don't need to learn Hindi, most businesspeople in India do know English)
Having worked in India, I will confirm that Hindi is not absolutely necessary if you want to work in India from purely a work sense, but it would behoove you to at least be conversational/able to understand what's going on in shitty Bollywood movies. Fact is, outside of work, most people converse in Hindi in a lot of social functions and if you absolutely cannot understand anything they are discussing in Hindi/really engage yourself because everyone is talking about some movie/Hindi song, you'll be at a disadvantage for networking and whatnot. Another thing is, connections and TECHNICAL knowledge are everything over there (most people will assume you're smart/technically gifted if you went to IIT, IIM-A/B/C, ISB, are a doctor, or went to a super elite US private like HYPSM, Wharton, Kellogg, Booth, Caltech, Cornell, or a killer state school basically limited to Berkeley, UCLA, Michigan), so if you don't have a significant family/social network out there and don't go to one of the aforementioned schools, it will be very difficult to transition there, and not knowing Hindi will hurt you even more.
Now I'm not saying that you can't be successful without knowing a significant amount of Hindi, particularly if you have one of those X factors that I mentioned (either family or top notch Indian/US education). But at the same time, don't think that because India doesn't demand extensive Hindi knowledge like China does for Mandarin that it will be easy to make the transition from a pure career standpoint either without that barrier. The culture, lifestyle, etc. is EXTREMELY different and without significant ties to the place or a huge desire to work in India despite its problems (and its got a LOT of problems so it will take a lot of desire to struggle through it), moving to India purely for a career move and no other reason will be difficult. I can't speak for the rest of Asia, but really think twice about India.
Disclaimer: I am not implying the quoted, or any other user said that it would be easy to succeed in India without Hindi/ties to the place, but I am just laying that out there in case someone was curious, or if this ever comes up in a search. Feel free to ask if anyone wants more info about my thoughts on Indian business environment.
as far as I've known talking to couple friends on mine in HK, HKUST and HKU both have decent reputation and places nicely in HK.
Asia will play a big role in the future, that doesn't necessary mean places like NY or London are doomed or anything, know your Mandarin and English if you wanna work around Asia.
Asia will be big. But like mmonkey said, a top US MBA is still considered superior. Just make sure you know mandarin and you will have a good shot to land a decent gig with prior exp and the language ability coming out of the US MBA
yup us mba will be better.. harvard will always be harvard and hkust will always be hkust
yep, most/all the top management of BB in Asia got their education in US Head of UBS in greater China came from Wharton, quality of education remains elite in US
thanks for the input guys
This is my first time for leaving a comment, and probably would be the last. I graduated from CUHK and I've worked in MS HK IBD for 1 summer in my senior year. I'm no longer in IBD (moved to research) but thought could give you some hints.
Most entry level analysts were recruited from local universities mostly HKUST and CUHK. I don't remember anyone from HKU whom I had a chance to work with at that point. (But I'm not saying that there isn't any. I worked mostly with analysts and associates)
Most associates, who had taken MBA, came from top business schools in US. Others were those who went straight up from analysts (hence, local univeristy graduates)
I heard that most analysts who leave the firm to pursue MBA decides to go to US. There weren't many people got their MBAs in local univerisity.
I dont think asia is necessarily the future as china holds most of the debt from america.....and if the dollar defaults one day...then asian is lets say fucked....... India seems better/.
If the dollar defaults....what?
Yes, I definitely agree.
Stern MBA's advantage will always be better than that of HKUST MBA even if one is looking for a BB job in HK.
Here is some stuff about an MBA at SAIF in Shanghai, it's an interesting take on why it is useful for foreigners to come into China and lear about their financial system - granted since the Chinese financial market isn't completely open to outsiders it is a big gamble - with lots of potential reward should the market liberalize even more.
http://www.businessbecause.com/business-school-news/three-reasons-why-s…
Maybe a someplace like Hong Kong - or even Nanyang in Singapore would be good as well - the second link is some information about the Singapore school.
http://www.businessbecause.com/mba-job-market/nanyang-works-to-get-its-…
How much time off do people working in Finance/consulting in China/HK/Singapore get/take ? Is it 2 weeks like the US ?
depends. If you're lucky enough to get a real "expat package" at a PE firm or someplace like that you can get extra time off.... but those jobs are extremely hard to come by until you get to the VP level
I work at a smaller PE firm here and am the only American in our office under the MD level --- i get an extra 5 days per year off (along with the usually 12 for associates) and I also get $5,000 per year towards personal travel expenses (which pays for one business class or two economy class round trip tickets)... my firm is pretty flexible and my first year I also simply took an extra few days of vacay because we weren't that busy.
You'll also get the local holidays off of course (in my case Chinese New Year, etc)
...this is not to say that I always get to take all my vacation... I've had to cancel a trip before because we were closing a deal, etc.... but I generally have taken most of it over my 2+ years here
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