Comments (90)

Jul 25, 2020 - 1:16pm

Sounds awesome. The highest performing elite boutique bank in one of the largest world economies and a chance for the office to grow significantly.

From someone who actually lived and worked in China, the CCP affects you 0% in your daily life, just get a VPN. Have a blast in Beijing, OP.

Be excellent to each other, and party on, dudes.
  • Prospect in IB - Gen
Jul 25, 2020 - 1:27pm

I see you've gone full CCP shill since getting pwned yesterday on the Off-topic forum. China is an authoritarian hellhole and no amount of propaganda can change this hard truth.

Most Helpful
Jul 25, 2020 - 1:31pm

Whatever, dude. I had a great time working in China... and I was also very happy to leave when it came to that point. There are a lot of huge problems with the government, none of which impacted my career or daily life. People are awesome there and I made a lot of good friends.

You want the negative things about China to prove I'm not a "shill?" Tons of poverty (people camping outside of hospitals thousands of miles away from their home). A lot of pollution, especially air pollution. (I wore an N95 mask daily on my walk to work so it's pretty fucking comical how Karens back here in the USA claim they "can't breathe" wearing cloth masks). Had to boil water every day to drink or brush my teeth because tap water is not potable. Questionable food quality at a lot of places. Almost getting run over whenever I crossed the street regardless of whether the light was green. This stuff drove me insane about living there which is why I moved back to the US to raise my kids.

Spoiler alert -- all of those negative things above would have been the same complaints had I lived in India instead of China. The biggest challenges facing these countries is their poverty and inequality. India being a democracy doesn't solve all of their problems. Is it better to have a democracy? Yes. Is China's political system garbage? Yes. Does it impact you if you're an investment banking Analyst in Beijing? No, not at all. Just being honest.

MS me all you want, have you ever set foot in the country? It's hilarious you think my personal experience is propaganda and your completely uninformed take with no nuance whatsoever is gospel.

Be excellent to each other, and party on, dudes.
Jul 26, 2020 - 8:31pm

As a non-religious American white guy who doesn’t really care about politics when we aren’t in an election year, living in China for 6 months was a good time 4 years ago when I did it. The CCP didn’t have a visible footprint in day-to-day life other than through very obvious propaganda posters in malls, public facilities, and roadways. But as someone who didn’t understand the nuances of the Chinese language, those didn’t affect me at all other than striking me as very obvious propaganda. Chinese news was also interesting to see as it appeared much more focused on China-Russia relations than China-US relations. Rarely did my Chinese acquaintances discuss politics, but that was fine because there are literally so many other things to discuss in the world.

Using a VPN wasn’t much of a hassle when I wanted to connect with people back home, but what’s the point of living in China if you’re going to pretend you’re in the west anyway. Chinese young professionals are all on WeChat and Weibo anyway, so the only time I used my VPN was when catching up with people back home.

Things do appear to be getting worse for foreigners since I spent a semester there 4 years ago, though. But that’s only based on what I’ve seen in western media and from reddit, I suppose. Reality is typically much more nuanced and all my US friends were pretty surprised by how different my experience in China was from what we hear about in western media.

Not trying to shill, just sharing my personal experience. While the CCP didn’t have a huge impact on my experience, cultural differences are certainly a big shock initially.

Jul 25, 2020 - 2:08pm

It does affect your life if you:

  1. Are religious and attend church services (my denomination has been forbidden by the ccp to build churches in China)

  2. Like to speak your mind about political issues without filtering oneself over fear of arrest

  3. Don't want to arbitrarily spend money on a VPN because the ccp bans Google and Facebook(which is absolutely pathetic)

  4. Like to watch local news that engages in debate and criticism of the government

  5. Want to watch movies in theaters that aren't edited by the government

I guess you are right. Doesn't affect my life at all.

Jul 26, 2020 - 4:47pm

If your perception about China all come from US media, I urge you to travel to China at least once in ur life. My boss called me pro-China, but the truth is that lots of Wall Street people just don’t know about China...not your fault tho.

“CCP is inhuman, bla bla bla.......”

It might be true decades ago but not now for sure......if you talk about human rights, let me tell you a brutal story: USA is a country where billionaires control everything, and making 99% people at this forum middle/upper middle classes. You thought you are living a decent life and have democracy but think about this: if you were a black, u are fked up at the first place...I assume you are white...and lots of old money of this country was made on slavery and dirty things like war......and in finance and other sectors, women and men almost got equal opportunities...that not happening here in the US looking at lots of disgusting comments on women at WSO.

I came from China and did my college and then working here. I am fortunate that I have travelled to the US several times before I started working here from 10 years old and now to almost 30 and I feel like this great country built by immigrants are pretty much fked up after Obama......then even fked up even more under Trump......the reason i guess is that Wall St. find out a sustainable way to creat bubbles in this past decade without blowing the fk up.

Our Chinese textbook depict USA as a perfect country actually.......and our home country also is developing into a country driven by capitalism but not 100% driven by capitalism...meaning...the billionaire in China probably only has 1/10 power than the billionaires here in the US. It is not about CCP...the close to 5000 years history of China and east Asia culture make people there “less freedom” than the western world. Both systems have pros and cons...especially during shit times like now...

  • Prospect in IB - ECM
Jul 27, 2020 - 1:00pm

speaking as a north american citizen who was actually in shenzhen for a decent bit (first time in china, no chinese etc.), it was actually quite nice day to day. things like the ccp censorship literally had zero affect on my life day to day as i don't watch TV (because i dont understand chinese) and I use a VPN the entire time. plus, the food is fantastic.

  • Intern in IB - Ind
Jul 26, 2020 - 8:31am

Amazing, they went ahead and created an actual sweatshop

  • Prospect in IB - Gen
Jul 27, 2020 - 8:18pm


Sad that standing up to an oppressive regime that doesn't support free speech or religion is now a Republican stance.

Actually tho. Look at all the social democracies with arbitrary “hate speech” and “dignity speech” laws.

  • Analyst 2 in IB - Gen
Jul 27, 2020 - 6:28pm

You'd be surprised at how much bipartisan support there was in the US and UK for sanctions against China - slightly presumptious to call anyone against the CCP as Republican and a pro-Trump supporter.

Jul 26, 2020 - 7:27pm

I've worked in a boutique in Beijing before and it was the best time of my life! It was actually my first ever IB internship done in my first year of uni, and I walked away from that convinced that I wanted to do finance as a career.

I can't speak for MoCo, but boutiques in Beijing definitely have it tough because of the business model and the fact that no one wants to pay for advice, though that's not exactly something you can control.

Beijing itself I think is pretty magical. Food is amazing, people are crazy friendly (and I'm a foreigner lol, though I am native level fluent in Chinese), and given I love history, there's so much to do. One thing which I found really different is the team culture. Every single meal, the analysts, interns, and associates would grab their waimai and sit in the pantry together. We'd play brainteasers as we eat, while the Associates tell us about their relationship troubles. On several occasions, we'd just order an entire hotpot into the building. It was so like a family that you called everybody 哥 or 姐, and once you were accepted into the family everybody actually protected you. Even the cleaning lady treated me like a grandson, continuously making coffee and cutting fruits and slapping my back to ask me to correct my posture. Also there's an office chauffeur which is pretty interesting.

VPNs weren't an issue while I was there, but might have changed since. As for oppression... I was pretty vocal on my anti-CCP stance. I'm actually very pro-ROC, and would love to see Republican rule restored to China (not with the current slate of Taiwanese politicians though). I was more than able to have these discussions in the office and even in public, hell the moment I landed, the office chauffeur immediately launched into a grant criticism of the purge of the conservative faction of the CCP going on at the time. I'd say my quality of life was about twice as good as what I have now in London, though the quality of work is nowhere near.

  • Associate 1 in IB - Gen
Jul 26, 2020 - 9:48pm

Knew someone from my school that worked at another EB in Beijing for the Summer.

Heard it was pretty chill but limited deal flow. The EB had a small office that didn't do much. Mostly coverage work and pitches. Most of the execution was handled in other offices.

Pay comparatively lower than other major cities since it is adjusted for cost of living.

  • Analyst 2 in IB-M&A
Jul 27, 2020 - 6:35pm

MoCo used to pay the highest in BJ (2-3 years ago when my friend was there). Base for 1st yr analyst was pushing towards upper end of RMB600k.

Not sure if it is still true though.

  • Analyst 3+ in PE - Other
Jul 27, 2020 - 8:24pm

Moelis in Asia = OEM (Moelis-branded) investment banking services provided by tier 5 IBs founded by relics from BB IBDs and acquired by Moelis

  • Associate 2 in Consulting
Jul 27, 2020 - 9:20pm
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