Chinese IBD or Hong Kong Boutique
I have been through the SA recruiting process for BB's HK offices and had no luck landing an offer after few Superdays. As a result, I spent a lot of time reaching out to boutiques in HK and banks in China, and now I have landed an offer from a leading Chinese securities firm's IBD (not CICC) and an offer from a HK boutique.
The Chinese IBD and is perhaps the leader in investment banking in mainland China at the moment with lots of deals. However, similar to many other Chinese ibanks, it runs a model that's distinctly different from the traditional approach adopted by international banks. I have done lots of research and found out that, at the junior level, the nature of work is entirely different from banks in HK/US and I need to learn everything from scratch (barely any modelling/valuation work, no comps, no DCF etc). Things are changing and becoming more market-oriented but it will take some time.
On the other hand, the boutique in HK adopts the international approach and I am much more familiar with it. The MD and ED also came from BB prior to working at the boutique.
Although I would like to work in China in the longer term, I am more interested in starting my career in HK and work there for 2-3 years before transitioning back to mainland. It would be great if you monkeys can shed some light on this and let me know what you think - appreciate it.