Global Banking Recruiters Return to Campus

Recruiters in the global banking centers of New York, London and Hong Kong are taking advantage of a burst of economic optimism and returning to campus, reuniting the global alliance of business school and investment bank.

Financial Times has recently published a feature story regarding the recruitment market of MBA graduates in the banking and finance industry of the three cities. The newspaper’s business editor Della Bradshaw spoke to deans/directors of MBA career services/career development centers at six business schools in New York, London and Hong Kong.

Structural differences in the graduate hiring market between New York and London are significant. In contrast to Wall Street, investment banks in London have traditionally employed undergraduates and master’s students without work expreience for entry-level analyst jobs, rather than the more expensive MBAs for associate positions.

Marjorie Chang, Administrative Director of Career Management Center at CUHK Business School’s MBA Program, says in an interview with Financial Times that “in Asia’s financial center, Hong Kong, the story changes again, and that one of the obvious scenarios is that we have seen increased hiring from Chinese firms—banks and investment companies—both in China and Hong Kong.”

Chang points out that “in the past two years, we have seen a lot of private equity companies investing in Hong Kong, and these firms are using the city as a base to raise funds to invest in the Asian market, including India and China.”

She also adds that several of the private equity firms that have launched in Hong Kong are from India—a welcoming news for Indian students. Besides, these firms are proving increasingly popular among today’s MBA graduates, who are looking for more diverse jobs.”…

Media: Financial Times
Section: Business Education
Date published: Jun 28, 2015
Re: Marjorie Chang, Director of CUHK MBA Career Management Center