Posted by
tony0682
17 yrs ago
I am from New York City and am still working here for atleast the next few months. I'm looking to move to Hong Kong to get a change of scenery and work for a couple of years (I know this is probably poor timing because of the global meltdown, guess its quarter-life crisis). Other than teaching english, what other options are available for an ABC with a university degree and 4 years of work experience at a hedge fund? I'm interested in trying anything if its not a sizable pay-cut. I really want to move to HK, but I'm afraid I won't be able to make a decent living. Any advice?
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you're right in being concerned about IB work in the current climate here...I'm not in IB, but from what others have said, 4 years experience is really not much to get you a position here, especially now...you might want to sit tight and wait for the next upturn in the economy
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Ed
17 yrs ago
Talking to recruiters and they are telling me finance hiring is virtually frozen... other industries continue to hire however they expect that to slow dramatically in the coming months.
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My advice would be to think carefully before moving to HKG, especially at the moment.
Why do you want to live and work in HKG? Have you spent much time in Asia in general, HKG in particular?
Are you expecting your life to change for the better, and, if so, why and in what ways?
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I've been to Hong Kong 6 times, once each year in the last 3 consecutive years. I have family and friends in Hong Kong. Whether my life changes for the better or worse is a risk I am willing to take, because if things do not work out for the better I can always come back to the States. I want to spend a couple years, while I'm still young to explore my culture more and be with relatives that I love before I get settled into a career path. Being in HK is a tangent away from the rat race I have to endure out here in NY.
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Tony,
I assume that you are of Chinese descent. Do you speak Cantonese? If you cannot, life can be a bit difficult in HKG.
HKG is a rat race, that's for sure.
You are at least familiar with the place, and you have family and other support, so you are better off than lots of people who would like to live and work in HKG.
The best way to find work in HKG is to be in HKG.
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I don't mind another career choice as I am not settled into this career, especially in these economic conditions here in the U.S., finance is probably not a great direction to continue in for another couple of years in these tight job markets (or lack of a job market), and while conditions are bad, I figure that taking risks now is a very attractive option. I'm just wondering what the opportunities are in Hong Kong for a U.S.-born/U.S.-educated Chinese American in Hong Kong, if any.
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do you speak cantonese or/and mandarin? your chances are far far better in case you do... but, yes, as someone mentioned just about nobody is hiring at the moment. If you have a decent job in US at the moment, I really would not risk it, unless you have savings to fall back on for a year or two, if nothing works out...
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