I know this might be funky place to ask for openings: currently working in a solid Chinese bank's China Coverage team that has very good deal flow. Have live deal experience. Don't want to disclose specific name but it's not hard to guess as I don't work at CICC or CLSA.
Total work experience is between 1.5-2 years. Current ib role ~10 months in.
Was working in infrastructure FAS at New York City before coming back to China/HK during covid-19. I had good modeling exposure and I self-study modeling a lot.
Currently work with a lot of healthcare companies, and have strong exposure to technology/software (can code and have projects on GitHub).
Why I want a lateral: I'm the OP of the post "Bad Team Culture: A Vent"...hehe
Would appreciate if someone is willing to connect.
Feel free to PM. Thanks !
I'm hitting my one year mark soon as well and same boat as you at a probably lower bank (Assuming you work in Haitong/Huatai if its healthcare), its been hard for me to find lateral opportunities as CICC/CLSA require nepotism and I don't do deals with BBs so no networking opportunity :(
Damn, I feel you. Yes I work at one of those two banks. The good thing is that I work on big deals with big (bigger) banks and thus potentially have networking opportunities. Since you are on WSO, I assume you lived in the U.S. for a few years no? Have you tried tapping into the alumni network?
Yeah I went through undergrad in the states but unfortunately not a target school so very few alumnis out there. I think you'll be fine at your current place as long as you have deal flow, there are always people in worse positions struggling as well :) Hang in there and hope we all may get to where we want
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Thank you !
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I'm in a much worse position compared to you as I don't have any relevant experience during my uni internships and ended up in Audit in HK, which you'd probably know the stigma associated with it. I got an offer from a very very small boutique and the pay is less than half of BB/EB etc. It's not even on par with Chinese banks. I'm probably going to stick it out for a bit for the experience then try to move on.
I think you're in a very good position to lateral into a BB or foreign bank and just need a bit of luck. Wish you all the best!
Hi just curious how hard was it to move from audit to IB in HK? Assuming you work at big 4.
OP here. It's not difficult at all in China/HK in general because of how the IPO system works. If you are in the U.S. this would be (much) harder.
I don’t know for sure but I haven’t seen any other colleagues being successful in this move.
What’s the stigma?
You only join Big 4 in HK if you can’t find any other jobs. The barrier to entry is super low.
Bump. Hope you find something!
Thank you !
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