Comments (92)

Mar 3, 2010

Define 'better'.

Mar 3, 2010

Define 'consus'.

Mar 3, 2010

SG is probably much cleaner. You get a palm tree up the ass if you traffic gum into SG.

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We are excited to formally extend to you an offer to join Bank of Ameria

Mar 3, 2010

Hong Kong is where i plan on going

Mar 3, 2010

HK is, in my opinion, much better for going out at night.
SG is great to travel to the rest of SE Asia (ex: you can easily go to Malaysia for the week-end).

As a city I much prefer HK, which has moer history and culture.
The only culture in SG is shopping malls..

(my opinion is only based on a couple weeks holidays in both cities, so obviously very subjective)

Mar 3, 2010

I spent 6 months in Hong Kong last year, so I can attest to its cleanliness, incredible nightlife and food, culture, and so on.

I didn't travel to Singapore, but I did meet several finance guys (mostly MD level and up) who worked in Singapore. They ALL told me that HK is the place to be when you're young and single, and that Singapore is better for raising a family.

Also, HK is cramped and very very busy. Singapore is more "sprawling".

I have the "feelers" out in HK, and would go back there to work in a flash.

Great thread.

Aug 13, 2011
BigFatPanda:

I spent 6 months in Hong Kong last year, so I can attest to its cleanliness, incredible nightlife and food, culture, and so on.

I didn't travel to Singapore, but I did meet several finance guys (mostly MD level and up) who worked in Singapore. They ALL told me that HK is the place to be when you're young and single, and that Singapore is better for raising a family.

Also, HK is cramped and very very busy. Singapore is more "sprawling".

I have the "feelers" out in HK, and would go back there to work in a flash.

Great thread.

good points~~~

Mar 3, 2010

^ BigFatPanda and EuropeanBob are spot on.

HK has amazing nightlife, culture, and food (diversity, both in cuisine and prices - you can easily get a decent lunch for under $5 or you can spend a small fortune). I don't know about the cleanliness part... it's kind of like new york (maybe a bit dirtier in some of the more crowded areas), but malls and transportation (subways, buses, etc) are definitely very clean. It's definitely the place to be of the 2 for someone younger.

Sinapore I've been briefly - and it matches BFP's description. There's more 'space', very clean, very hot and it's got more of a 'suburb' feel to it. Very close to Malaysia, if you plan to visit there.

If I had to make general comparisons... HK is like NY with a lot more shopping malls, Sinapore is probably like SF...

Mar 3, 2010

There was a thread comparing London, HK, Singapore, go and dig it out

Lived in Singapore for 5 years and worked in IB in HK. I would agree what others have said. If you are young, go for HK

Pay: HK is higher
Cost of living: HK is higher, so overall you earn more, spend more but live a more "exciting life"

Do take note in HK most deals are China focused while Singapore it is SEA focused (Thailand, Malaysia, Indonesia)

Mar 3, 2010

Of course, SG is a lot closer to Phuket, with a plane ticket comparison shown below.

SG to Phuket:
http://www.kayak.com/r/RhMvB4
HK to Phuket:
http://www.kayak.com/r/RrDrxh

Mar 3, 2010

Can someone provide a rough indication of what pay is like for a junior analyst in HK vs. SG? Thanks

Mar 3, 2010

So... how would a complete entry level with no experience based out of Canada get a position in either SG or HK? :)

--
Recent Actuarial Science (good statistical skills) grad looking for entry-level work ANYWHERE.
Writing CFA Level 1 in June 2010. Passed 3 actuarial exams.

Mar 3, 2010
studentnel:

So... how would a complete entry level with no experience based out of Canada get a position in either SG or HK? :)

Lucky for you, any bank or securities firm you call in either city is going to answer the phone in English. Search this site for the Regional Boutiques list, google the firms on it, open up Skype and start calling. Remember, HK is 12 hours ahead, so its 9 am right now.

Also, check out JobsDB.com, asianinvestor.net's jobs board, or even asiaxpat.com.

Apr 13, 2010

I would prefer Singapore..they have nice food, great view, and discounts.

Also, Singapore is known to be a country with high quality of education in SE Asia especially, for doing a study in business. I'd say Singapore will be a great place to be for both fun and study. One of the uni that I recommend for its business programs is Nanyang Business School.

Check out more details about Nanyang Business School at:http://businessbecause.com/nbs.htm

Apr 26, 2010

Spent several months in both HK and SG.

While HK is certainly a more exciting place, Singapore is:

  • Cleaner
  • More Efficient
  • Super-diverse (seems more so than HK, as Chinese culture seems to be very dominant in HK)
  • HK deals are generally geared toward China, but SG will give you exposure to all of the diverse SE Asian economies
  • Still a great city at night with Clark Quay, Boat Quay, etc... somewhat similar feeling to LKF in HK

While SG can be a bit boring for someone who has a lot of time on their hands, you are a BANKER and you're working all the time anyways. When I'm out of the office, i would much rather have efficiency and organization so that i can peacefully enjoy myself.

Apr 26, 2010

I've been to HK for several months and I also liked it a lot. Nightlife etc. is great - basically you can just do anything you want, if you got the cash. It also has more of a feeling like belonging to China, compared to Singapore.

Concerning the S&T side, especially focusing on rates/FX, do you think that HK or that Singapore will be THE place to be when the gov. bond-markets in SE Asia are finally emerging?

May 30, 2010

Dear all, i was wondering how big a difference should u expect for the same position in HK, as compared to SG?

It seems like alot of firms are avoiding the use of housing allowances in salary packages for gradautes. Instead, they simply put it together with your basic pay. What is considered the Norm for Hong Kong Front office graduates?

Jul 15, 2010

Been to HK, Shanghai and Singapore combined hundreds of times.

HK has absolutely the ugliest girls around, Singapore slightly better but very shy and short, Shanghai might be the best place to "have fun"

Overall none of these places compares favorably to NYC, Chicago, London or SFO.

Bottom line is this, I had posted it somewhere else here:

People, HK and Singapore are for Mandaring Speaking Asians.
You have to look and speak the part.
There are hundreds of ABCs,BBCs and CCSs (American/British/Canadian born Chinese) who speak Cantonese but only broken Mandarin, who can not score a decent job in HK/Singapore, if you are White, stop kidding yourself. Only white people making it are the ones who have been there for the last 5-10 years, they are in position to hire, not to be hired.
Might sound harsh but thats reality these days, if someone tells your otherwise they have no idea what they are talking about.

Apr 1, 2011
nostradamus:

Been to HK, Shanghai and Singapore combined hundreds of times.

HK has absolutely the ugliest girls around, Singapore slightly better but very shy and short, Shanghai might be the best place to "have fun"

Overall none of these places compares favorably to NYC, Chicago, London or SFO.

Bottom line is this, I had posted it somewhere else here:

People, HK and Singapore are for Mandaring Speaking Asians.
You have to look and speak the part.
There are hundreds of ABCs,BBCs and CCSs (American/British/Canadian born Chinese) who speak Cantonese but only broken Mandarin, who can not score a decent job in HK/Singapore, if you are White, stop kidding yourself. Only white people making it are the ones who have been there for the last 5-10 years, they are in position to hire, not to be hired.
Might sound harsh but thats reality these days, if someone tells your otherwise they have no idea what they are talking about.

Hmm are Mandarin skills really necessary for Singapore?

Aug 14, 2011
absinthe:
nostradamus:

Been to HK, Shanghai and Singapore combined hundreds of times.

HK has absolutely the ugliest girls around, Singapore slightly better but very shy and short, Shanghai might be the best place to "have fun"

Overall none of these places compares favorably to NYC, Chicago, London or SFO.

Bottom line is this, I had posted it somewhere else here:

People, HK and Singapore are for Mandaring Speaking Asians.
You have to look and speak the part.
There are hundreds of ABCs,BBCs and CCSs (American/British/Canadian born Chinese) who speak Cantonese but only broken Mandarin, who can not score a decent job in HK/Singapore, if you are White, stop kidding yourself. Only white people making it are the ones who have been there for the last 5-10 years, they are in position to hire, not to be hired.
Might sound harsh but thats reality these days, if someone tells your otherwise they have no idea what they are talking about.

Hmm are Mandarin skills really necessary for Singapore?

Necessary? No. But that doesn't mean you won't come across attitudes like the above when trying to recruit in Asia. For a Greater China focused group in HK it certainly is required but banking in SG will usually focus on SE Asia - you might very well be better off knowing Bahasa or Thai...

Jul 2, 2018

This guy has never been in Hong Kong. Hong Kong Chinese speak Cantonese. And most ABC/BBC/CBCs are not fluent in Cantonese which makes sense.
The richest person in Hong Kong is Chinese, the person who held the most power in Hong Kong is Chinese, the company who employed most employers, are also are a Chinese company. (which make sense as HK has over 90% population of Chinese) So this guy is basically bullshitting

Jul 15, 2010

Analyst (all in comp)
Hong Kong: 500-800K HKD
Singapore: 60-90k SGD
Shanghai: 200-300K CNY

Associate (all in comp)
Hong Kong: 700K - 1M HKD
Singapore: 70-120k SGD
Shanghai: 300-500k CNY

Source: Hudson Salary Information - Asia
Banking and Financial Services 2010

Jul 16, 2010
ZIRH:

Analyst (all in comp)
Hong Kong: 500-800K HKD
Singapore: 60-90k SGD
Shanghai: 200-300K CNY

Associate (all in comp)
Hong Kong: 700K - 1M HKD
Singapore: 70-120k SGD
Shanghai: 300-500k CNY

Source: Hudson Salary Information - Asia
Banking and Financial Services 2010

I highly doubt the Shanghai comp range. Our firm (BB) gives a global pay so it should be (in CNY) around 400-700k all-in.

Jul 16, 2010

If you have a decent background/experience/interpersonal skills and speak / read Mandarin, you can get a research job at a NYC hedge fund paying 4X that. Quality people stay in NYC/London, for now Asia gets the "rejects"

Nov 4, 2010

http://www.danwei.org/crime/coked_up_bankers_of_ho...
A bit offtopic, but an interesting article on coke and partying in HK to share.

Nov 4, 2010

HK and Singapore are both cool, but the police and ultra-strict laws in Singapore scare the shit out of me. The food in both places is off the charts... neither place has hot girls though - you have to come up to the mainland for that.

Nov 5, 2010
International Pymp:

HK and Singapore are both cool, but the police and ultra-strict laws in Singapore scare the shit out of me.

What else are you seriously expecting from a police state that effectively functions as a fascist dictatorship? Obviously, the efficiency and cleanliness championed by some above have been achieved at the expense of your fundamental civil liberties and individual rights. You're, after all, talking about a regime ranked 136th for press freedom.

On the S&T front, FX and commodities (and to a lesser extent, emerging markets desks covering SE Asian economies) are clearly the areas of dominance in Singapore as most BB's have got these asset classes covered out of Singapore during the asian hours. For everything else, Hong Kong remains the place to be.

Aug 13, 2011

Bump. More thoughts on Shanghai?

Aug 13, 2011

of course u should choose hongkong~~financial industry there is well developed, and u r gonna pay the lowest tax in the world. hongkong , no doubt~`

Aug 14, 2011

i know for a fact that you dont have to only know mandarin (singapore), they serve to MANY asian countries. It would help if you knew Hindi, Mandarin, English, or Cant. 2 of those is optimal.

I want a lady on the street, but a freak in the bed,

Go Bucks!!

Aug 14, 2011

I can't believe nobody's mentioned yet that you can take the ferry from HK to Macau to go gambling all weekend.

Dec 4, 2012

Hong Kong people are more elegant looking. they have handsome features. Singaporeans are mixed and have down to earth features. Same goes with their way of life.

The landscape ing Hong kong is very dramatic while the Singaporean landscape is plain and a bit boring.

Dec 4, 2012

Definitely HK after watching this:
http://www.youtube.com/watch?v=CQvc2r6GGB0

Must be a cool place.

The Auto Show

Dec 4, 2012

What makes you think English and Chinese both work in Singapore?

Dec 4, 2012
F. Ro Jo:

What makes you think English and Chinese both work in Singapore?

my ex-boss at a PE and classmates who are Singaporean. They said most is English while Mandarin is also used in daily life. Don't know if it is true, or could you please kindly explain to this poor guy who has never been to Singapore before... thanks!

Dec 4, 2012

If your working level of Chinese sucks, go to Singapore. HK has a lot of mainland deals, which means fluent mandarin is absolutely essential. You can get away with bad Chinese in Singapore.

Dec 4, 2012
Bruce Wayne:

If your working level of Chinese sucks, go to Singapore. HK has a lot of mainland deals, which means fluent mandarin is absolutely essential. You can get away with bad Chinese in Singapore.

Precisely. The OP's research is extremely flawed... his sample is biased since the Singaporeans he spoke to in China were obviously Chinese-Singaporeans with strong commands of Mandarin. There are plenty of non-Chinese people in Singapore, and even within the Chinese population there is wide variance in Mandarin ability.

Dec 4, 2012
Bruce Wayne:

If your working level of Chinese sucks, go to Singapore. HK has a lot of mainland deals, which means fluent mandarin is absolutely essential. You can get away with bad Chinese in Singapore.

Thanks Bruce. My first language is mandarin, so it won't be a problem. Besides this, any other thing in HK is better/worse than Singapore?

Thx again.

Dec 4, 2012

I thought they spoke Cantonese in HK, not Mandarin.

Dec 4, 2012
<span class=keyword_link><a href=/company/goldman-sachs rel=nofollow>GS</a></span>:

I thought they spoke Cantonese in HK, not Mandarin.

I'm sure that Cantonese is for social purposes only. For business purposes, it's Mandarin.

Dec 4, 2012

Why Singapore? Higher pay?

The Auto Show

Dec 4, 2012
huanleshalemei:

Why Singapore? Higher pay?

no, why HK for mainland Chinese... is it because of Visa, or any other problems?

Dec 4, 2012

well maybe because you're chinese so you don't see it this way....but china is the biggest growth story and everyone in the world is watching china now. western newspapers write a great deal about china and a lot of westerners would like to get in on the action.

most of the native chinese i've met just want to get out of or away from china, but to an outsider china can be the most exciting place in the world to be right now.

that being said, china is slowing down and SE asia is booming. it wouldnt hurt to work in both places and broaden your experiences.

also cantonese isnt necessary in HK. most of your clients will use mandarin or english.

Dec 4, 2012
highhater:

well maybe because you're chinese so you don't see it this way....but china is the biggest growth story and everyone in the world is watching china now. western newspapers write a great deal about china and a lot of westerners would like to get in on the action.

most of the native chinese i've met just want to get out of or away from china, but to an outsider china can be the most exciting place in the world to be right now.

that being said, china is slowing down and SE asia is booming. it wouldnt hurt to work in both places and broaden your experiences.

also cantonese isnt necessary in HK. most of your clients will use mandarin or english.

Thanks for you inputs.

sure thing that china is an attractive market for banks and the young, while Singapore is also a good place for entry level analysts. I knew some guys in GS research and Temasek analyst programs who are sent to Singapore for the first 2 years (I don't think it's for cost control, lol).

but if I just want to land an offer, considering that all chinese students flew to HK, is it by any chances easier to apply for Singapore position?

thx again.

Dec 4, 2012

Just out of curiosity, did you attend school in Mainland China or States?

Dec 4, 2012
Mr.Saxman:

Just out of curiosity, did you attend school in Mainland China or States?

mainland

Dec 4, 2012

Similar background with OP. Chinese nationality, attend college in the U.S..
I've been to both HK and Singapore, and in my humble opinion, both cities are fantastic and exciting. Hong Kong is a little bit more fast-paced than Singapore and has a stronger tie to the mainland. Personally I'd prefer Hong Kong simply because it's closer to home. I'd guess HK and SG are somewhat equal in terms of competition and compensations.

Dec 4, 2012

I spoke to a current analyst at a BB in Singapore a while back when I was considering the region. He told me that actually, the sense of a finance community in Singapore was quite week and that he regretted not going to Hong Kong or New York instead. Harder to develop a strong network within the industry.

Also, it's important to consider that, in Hong Kong, you will be focusing almost exclusively on deals from China and Taiwan. Singapore will handle deals in Southeast Asia (Malaysia, Indonesia, Thailand). Think about which market is more interesting to you.

Dec 4, 2012
asiamoney:

I spoke to a current analyst at a BB in Singapore a while back when I was considering the region. He told me that actually, the sense of a finance community in Singapore was quite week and that he regretted not going to Hong Kong or New York instead. Harder to develop a strong network within the industry.

Also, it's important to consider that, in Hong Kong, you will be focusing almost exclusively on deals from China and Taiwan. Singapore will handle deals in Southeast Asia (Malaysia, Indonesia, Thailand). Think about which market is more interesting to you.

Many thanks! It really helps! Seems like HK is much better place with great exposures according to your friend. It makes sense "why HK" now.

Best Response
Dec 4, 2012

Singapore office covers South East Asia market primarily. If you are a mainland Chinese, you have no clear advantage over the local applicants. Does not make too much sense for a Singapore office to hire a Chinese to cover the SEA market - they could have hired a Singaporean, Malaysian, Indonesian or even Indian to do so.

HK office covers Greater China market primarily. If you are a mainland Chinese, you are supposed to have better connection and understanding of the company over there. Some businessman in China are still very conservative, and they don't want to talk to any banker that is non-Chinese, not even those from HK, TW or ABC. This said, not a surprise that the business front is extremely localized these days.

It has nothing to do with tax rate, pay or Visa.

    • 2
Dec 4, 2012
Ukon:

Singapore office covers South East Asia market primarily. If you are a mainland Chinese, you have no clear advantage over the local applicants. Does not make too much sense for a Singapore office to hire a Chinese to cover the SEA market - they could have hired a Singaporean, Malaysian, Indonesian or even Indian to do so.

HK office covers Greater China market primarily. If you are a mainland Chinese, you are supposed to have better connection and understanding of the company over there. Some businessman in China are still very conservative, and they don't want to talk to any banker that is non-Chinese, not even those from HK, TW or ABC. This said, not a surprise that the business front is extremely localized these days.

It has nothing to do with tax rate, pay or Visa.

Thank you so much, Sir. You have made it extremely clear. Guess I've got the best answer now. Much appreciated.

Also thank all you guys who spend your time helping me. Thx.

Dec 4, 2012

In my opinion, either HK or SG position is "easy" to apply for and its almost impossible to address the difficulty in a relative term given the limited data available regarding number and competency of candidates for each office. Pick a place where most of your interest covers and be extremely well prepared for whatever comes up later. You'll reach somewhere eventually, and don't forget to shop around in BJ and SH. These two cities are where most China deals executed nowadays.

Investment Banker in Asia

Dec 4, 2012
Ukon:

Singapore office covers South East Asia market primarily. If you are a mainland Chinese, you have no clear advantage over the local applicants. Does not make too much sense for a Singapore office to hire a Chinese to cover the SEA market - they could have hired a Singaporean, Malaysian, Indonesian or even Indian to do so.

HK office covers Greater China market primarily. If you are a mainland Chinese, you are supposed to have better connection and understanding of the company over there. Some businessman in China are still very conservative, and they don't want to talk to any banker that is non-Chinese, not even those from HK, TW or ABC. This said, not a surprise that the business front is extremely localized these days.

It has nothing to do with tax rate, pay or Visa.

Totally agree with what you've said.

Investment Banker in Asia

Dec 4, 2012

Bump for personal relevance.

I am going to be joining a BB IBD in Hong Kong (2014 intake). I will be joining as an associate. My chinese skills are adequate at best. I can easily converse and get around/live using chinese (mandarin), but cannot read nor write. also, i am unfamiliar with chinese business/finance terms. i most definitely cannot read the WSJ in chinese.

all of this was revealed during my interviews, i didn't lie about my capabilities at all. however, the interviewers all responded positively and felt that either i had the potential to learn chinese (quickly) or that i could still do well as a transactional specialist. however, even if i was to improve my chinese significantly, i doubt that i would be able to read chinese 10Ks.

in either case, everybody always says how important chinese is to succeeding in hong kong. however, then i think about the number of ex pats who don't speak a word of chinese who are still doing well. obviously, deals are becoming more and more china-focused, but there should still be enough deal flow from other regions to support IBD shops.

anyways, just thought this was relevant and i'm constantly monitoring this board to learn more about how i can improve my chances to succeed.

Dec 4, 2012

All people in Singapore speak either English (or a weird Singaporean version of that) or Mandarin, so you're good to go. Besides that, Singapore has very low income taxes but sky high real estate prices, car prices, and food prices. It is the cleanest and safest city ever though, you cannot compare that with any other place. Still, I'd probably prefer the excitement of HK over Singapore.

PS; the Singapore government has turned hostile towards highly-qualified foreigners looking to get a job there. Unless you're a really good candidate, Singaporean firms are going to prefer a local applicant due to government regulations.

Dec 4, 2012
youjustgotlittup:

All people in Singapore speak either English (or a weird Singaporean version of that) or Mandarin, so you're good to go. Besides that, Singapore has very low income taxes but sky high real estate prices, car prices, and food prices. It is the cleanest and safest city ever though, you cannot compare that with any other place. Still, I'd probably prefer the excitement of HK over Singapore.

PS; the Singapore government has turned hostile towards highly-qualified foreigners looking to get a job there. Unless you're a really good candidate, Singaporean firms are going to prefer a local applicant due to government regulations.

what's the job climate like for foreign students? i'm looking at INSEAD's masters program specifically.

Dec 4, 2012

I am from HK,in HK you speak Cantonese,even the Indonesian and Filipino maids learn to speak Cantonese,those who speak MANDARIN could be from mainland China and the locals arent too good in Mandarin,in fact they are terrible Mandarin speakers,but they wll understand what you are saying,but wont bother to spend too much time with you.
You can speak English and they will tolerate you better .but better prepared to speak fluent Cantonese.

Dec 4, 2012

Yes,HK does a lot of business with mainland China,so being able to speak MANDARIN help,but China is a big country,not everyone speaks beautiful Mandarin,so if you are in Southern China,you can speaK Cantonese as the Chinese in the south may just be as lousy with their Mandarin as you are ,so why make each other suffer,speak Cantonese or Swatonese or any major southern dialect.

Dec 4, 2012

If you are white,and do not speak any Chinese dialect,the Chinese understand,they sepak English,so why suffer your Chinese,why not make you suffer and put up with their English?

    • 1
Dec 4, 2012

Aren't Singaporeans speaking singlish?

Dec 4, 2012

yes,Singapore folks speak English and Hindu and Chinese dialect,depends on what you wanna do,if you are selling goods and services,you have to adjust ,

Dec 4, 2012

so many qualified job seekers,it is hard to find job everywhere!
The older workers are not retiring and the younger ones are coming out of college,single mothers,retirees,they all need $$,either the retirement income is not enough to live on or the student loan comes due 10 months after graduation,good luck to you all.

Dec 4, 2012

The good thing about Singapore versus Hong Kong in my mind is that English is more critical than Chinese (though bilangual fluency is usually required). For me, Singapore jobs are not hard to come by and Hong Kong is almost impossible (I'm a non-native Mandarin speaker). Having said that, there are problems with Singapore. Living there is not nearly as awesome as living in Hong Kong, which is clearly one of the most dynamic and exceptional places in the world. Singapore is comfortable but boring. Another problem with Singapore is that once you get higher up, mainland Chinese people (this is less a problem for me as I'm an American) do not seem to get the high level jobs. Singaporeans tend to dominate there. In Hong Kong, plenty of mainland people are in top positions.

My positions on this front come from my experience, which is considerable in both places, in real estate... working regularly with developers/bankers/PE guys in both locations... mostly on China deals.

Any other view points?

Dec 4, 2012
International Pymp:

The good thing about Singapore versus Hong Kong in my mind is that English is more critical than Chinese (though bilangual fluency is usually required). For me, Singapore jobs are not hard to come by and Hong Kong is almost impossible (I'm a non-native Mandarin speaker). Having said that, there are problems with Singapore. Living there is not nearly as awesome as living in Hong Kong, which is clearly one of the most dynamic and exceptional places in the world. Singapore is comfortable but boring. Another problem with Singapore is that once you get higher up, mainland Chinese people (this is less a problem for me as I'm an American) do not seem to get the high level jobs. Singaporeans tend to dominate there. In Hong Kong, plenty of mainland people are in top positions.

This.

Finance sector in HK is largely driven by activity in China, hence the need/desire for Mandarin (even when it's not not really needed, firms still usually want someone who can speak it to deal with clients/investors/general networking, etc). And because of HK's growing connections with China, it's not surprising that influential/ connected/ well-educated PRC Chinese being able to get top positions.

If HK is a hub for China, Singapore is a hub for the SE Asia countries and English is much more heavily used, and while local languages like Indonesian Bahasa are becoming more useful, you can still get by with English alone. Interestingly, even though English and Mandarin is common in Singapore (while Cantonese is HK's local language), Mandarin isn't usually a pre-req because of its region focus.

Singapore's not exactly like its neighbor Malaysia where certain jobs (like government official roles) are heavily blocked out to certain ethnic groups, see: http://en.wikipedia.org/wiki/Racism_in_Malaysia (I didn't realize this until I saw corporation-sponsored PSA commercials discouraging racism/encouraging togetherness), I also get the impression that Singapore really likes to support nationals. But I think they are open to good hires from anywhere.

Dec 4, 2012

I grew up in HK and have been back to HK many times,I dont see how dynamic applies to HK- the HK workers are speedy and efficient,cost of living is high,is that dynamic?or is this a relative to China or India or Japan.
Doing business with the Japanese is like seeing a dentist or worse,India I dont know,seeing an open heart surgeon?
But HK is so so crowded,it scares me,and I am used to crowded places.
service is good as long as you have money

Dec 4, 2012
Chien-Wong:

I grew up in HK and have been back to HK many times,I dont see how dynamic applies to HK- the HK workers are speedy and efficient,cost of living is high,is that dynamic?or is this a relative to China or India or Japan.

I think you're taking International Pymp's description of HK being "dynamic" in the wrong context. The description is really more about HK being a very lively city with a lot to offer - something for everyone - and it has a great nightlife scene. Whereas Singapore is a bit more somber/understated/relaxed. SG's got Marina Bay, but otherwise it's not a big place. Though to its credit, probably a better place to raise a family given HK's high density and rising rent prices.

Dec 4, 2012

great nitelife,something for everyone?
with 7 million people in such a crowded place,there has to be something going on.
I read 4 -6 newspaper every day while in HK,all I can see are crimes,-assaults,robbery,murder,suicide,people get tired of struggling,they sealed the room and start the furnace or whatever burner they call it and kill themselves.
There are a lot of wealth in HK,there is also poverty,same as rest of the world.
Ever talk to a cab driver and how much they make? or a store clerk who still live at home,college kids using their credit card to pay for their tuition!
But their metro is great,you can get away without a car,while in this country USA most people need a car toget around and that eats up your earnings.

.

Dec 4, 2012

Yeah, HK is a place of extremes - the very rich and very poor, but no one on this thread is discussing the social economics of the respective cities. Clearly this forum/thread will be mostly middle to upper class folks trying to get into high finance/consulting, etc or people from lower class upbringings looking to move up to middle/upper class. Not to say the things you mentioned are without merit, but it's out of context for this thread. And there are plenty of places with even greater social issues and wealth gaps and lack of equal rights than HK (see China, India, etc). But the difference is HK is a very capitalist driven society - you can be anyone of any creed or gender and still "make it", and HK also has a lot of social freedom (though time will tell whether China will try to "big brother" HK the way it does the mainland in the future - but fears of that have already driven a second wave of immigration like back in the late 80's/early 90's).

While there is some suicide stories in HK (again, this happens everywhere), I really don't see much in the way of murders - HK is one of the safest places in the world (i.e., a girl can walk around Central or any decently well-lit area (or even some seedier places like Wan Chai's Lockhart Rd) at 2-3am and be fine).

And while the minimum wage or lower wage jobs in HK aren't often enough given higher rents (again - this is NOT the scope of the original discussion and what the original poster asked about, you're getting offtopic), at the very least HK is accommodating in other non-rent living costs like food being very cheap (or very expensive if you choose to eat luxuriously) and compared to places like China (where there have been cases of fake food - fake/toxic baby formula, cement-filled walnuts or purposefully misadvertised food - selling red-dyed pork meat as beef), HK's control over things like food quality or health is above reproach.

Point is, besides your dialogue being offtopic, no place is perfect. Again, HK is a great place for a young person to develop a career and have a fun time. And if you're planning to raise a family, Singapore could be a better option given greater space and some more flexibility/affordability on rent.

Dec 5, 2012

I agree,if you are young and aspiring,Hk is a good battle field,opportunities are there so is competition,men over 37,women over 34 will have a hard time finding good jobs,so start your engine early.
But then I always wonder,it takes many years to be a seasoned professionals to run a business,those would be easily in their 40s so where do these people go?
I bring out the grim aspects of HK,as no place is a bowl of cherries or rose garden,so those who seal off their room and turn on the burner were once young and vigilant,so keep it in your long term memory file,enjoy your niteclub and the food venues,it is great to be young,everything looks brighter when you are young,we need the youth with their optimistic go getter attutude ,energy and great education.
Good luck
last time I was in HK,they are raising money for elderly to buy rice,they tell me how much it takes to buy kilos or whatever the metric is for rice and how long it would last for an elderly and then in nice restaurants,many local shun rice,as it makes them fat and they just enjoy the dishes without rice and they get full.
ever go to shangri la hotel buffet,it is like a mad house,so much food wasted!
No rice,people feast on Australian prawn,Japanese sushi,dimsum pastries,Indian curried beef and chicken and lamb,American rib roast,roast duck,Italian lasagne and cake and pudding and ice cream!who eats rice ?

Dec 5, 2012
Chien-Wong:

I agree,if you are young and aspiring,Hk is a good battle field,opportunities are there so is competition,men over 37,women over 34 will have a hard time finding good jobs,so start your engine early.

But then I always wonder,it takes many years to be a seasoned professionals to run a business,those would be easily in their 40s so where do these people go?

I bring out the grim aspects of HK,as no place is a bowl of cherries or rose garden,so those who seal off their room and turn on the burner were once young and vigilant,so keep it in your long term memory file,enjoy your niteclub and the food venues,it is great to be young,everything looks brighter when you are young,we need the youth with their optimistic go getter attutude ,energy and great education.

Good luck

last time I was in HK,they are raising money for elderly to buy rice,they tell me how much it takes to buy kilos or whatever the metric is for rice and how long it would last for an elderly and then in nice restaurants,many local shun rice,as it makes them fat and they just enjoy the dishes without rice and they get full.

ever go to shangri la hotel buffet,it is like a mad house,so much food wasted!

No rice,people feast on Australian prawn,Japanese sushi,dimsum pastries,Indian curried beef and chicken and lamb,American rib roast,roast duck,Italian lasagne and cake and pudding and ice cream!who eats rice ?

Dec 5, 2012

oh,back to something more fitting for this thread,at the lunch buffet at shangri la hotel,you will find a table of men wearing business suits enjoying their meals,they are the elite of the island,investment bankers who are hired by Morgan Stanley,Goldman Sachs etc and make HK$100,000 plus a month,what is $265 for a meal?? a steal,skip the rice please !

Dec 5, 2012

wtf... who replies and quotes themselves? And HK$265 for a meal is ~$33 in USD. And if you actually meant US$265 which I doubt since it's a buffet but whatever - a person is entitled to spend their money however they please and again this kind of price is nothing shocking (see:New York, London, Tokyo, Shanghai, etc.) Also, who's to say those same people with wealth aren't donating money/time to charitable events? You can intelligently highlight and illustrate social issues of the 'have-nots' WITHOUT making exaggerated "Fat Cat" type comments towards people who have.

Anyway I think you're on the wrong kind of forum... or you're a troll. So I'm done with this thread - OP and other interested readers can already get the HK vs SG pros and cons (the original intent of this thread) from prior responses before this got offtopic

Dec 5, 2012

ok,have it your way,good luck.

Dec 5, 2012

It's very subjective, but I think HK has better nightlife and the girls are slightly hotter too (although HK girls tend to be more superficial).

Dec 5, 2012

Been to both places numerous times, but haven't lived in either. You're young and single, so I think HK would be the more enriching experience. Both hubs are very cosmopolitan, but HK has that special pizzazz. HK has a larger expat community, so you would likely benefit more There in terms of networking. For IBD and equities, HK is the more important location, given it's the "gateway to China." Singapore is also a great town and has seen much development in the last 10 years. It's only a 3 hour flight from HK, so u can go there on a long weekend.

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Dec 5, 2012

Lived and worked in both, HK has far more buzz and stuff going on, loved working there...far, far, better nightlife. Singapore I found pretty dull, although the living conditions are better...more space etc.. but hec you are young, HK is where it's at when you young..BTW I went to Zouk on my B'day and for one of supposdly top night clubs, I found it boring as shit. Way better clubs in HK, Fly, Boujis, XXX etc.. so much better. I personally don't go for Asian chicks. though I did find the girls in SGP hotter.

I sat with Algo traders/Quanty guys in HK and they were French, spoke no mandarin or Canto...no idea for IBD though. I know guys who spk no mando/canto etc. and are head of M&A at BB's etc. but It is much more important than working in markets

Dec 5, 2012

Thanks for the responses guys. I have to agree that HK is the better city but my only concern with it would be the language requirements/barriers as my Mandarin's weak and not sure how committed I am to learning it. Though if what Mont said holds true for all of the quant-y careers, then I should be fine. I guess it comes down to that SGP is definitely a viable option whereas there could be some variables in play on the HK end that are out of my control (Especially with Mandarin becoming more and more important).

Also Mont, was Zouk really that flop? I just had a quick glance on youtube, but it looks like all the big international DJs have been there in 2013. This goes along with what a couple of Singaporean kids I was talking to were saying though - something like "Zouk is super popular, but its shit and none of us go".

"Know thyself"

Dec 5, 2012

When I went there were no Int' DJ's, maybe that would attract a better crowd and everything, but I just didn't enjoy it, I was in HK before I went to SGP and it just didn't compare, the beauty about HK is that if you get bored of a club you are only a 30 second to 5 min walk max away from the next one which I liked. SGP is not the same, you have the Quayes which is alright for a drink...tends to be where most of the expats go but it was so spread out it felt weird compared to HK!

Dec 5, 2012
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"Know thyself"

Dec 5, 2012
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"Know thyself"

Dec 5, 2012