Presentations: Job Searching in China
When & Where:
Tuesday, November 3rd at Baltimore / Harbor East – 100 International Drive
Thursday, November 5th at DC – 1625 Massachusetts Avenue, NW
As a preview for next week’s Job Searching in China events (registration available via Carey Compass), Katy Montgomery sat down with Demir Yener, Ph.D. to ask a few questions and to highlight some important aspects of China’s financial job market. The two will be presenting together on general job searching in China and what all interested students “need-to-know.” The presentation will conclude with Dr. Yener’s research and thoughts on China’s financial job market.
What is China’s annual salary range in finance vs. that of the United States?
Great question. In China the range is quite a bit more dynamic than what we’re used to seeing in the United States. China’s range can be anywhere between $16k–150,000 vs. a hard average of $41k in the United States.
What are China’s most in-demand opportunities right now across the financial sector?
It has been noted that there is a growing demand for professionals based on recent financial markets reforms, government-policies and existing-phenomena, such as:
- Internet based Finance (Online Finance) based on BIG DATA analysis
- Capital Market Departments at commercial banks for preferred stocks
- Fixed Income Departments in commercial banks and security firms due to bond markets reforms
- Investment Banking: The reopening of the IPO transactions due to new IPO reforms (Previous IPO preparation and development and processes were simplified many times over)
- Qualified Domestic Institutional Investors and Qualified Foreign Institutional Investors
- Opportunities opening up at the newly set-up Free Trade Zone in Shanghai (New firms and branches of multinational financial corporations)
- Private banks (Good chance for MSF students who have several years of work experience)
- Trading: Securities margin trading, collateralized repo field for security firms
- Management and strategic consulting jobs, both local and large multinational (Big US consulting firms are booming very rapidly in China mainland)
What advice do you have for students interested in pursuing a career in China’s financial sector?
The Chinese job market is very tough and highly competitive for finance careers; however, there will be a job for you. Never be intimidated. Never give up the dream. Have grit, work hard, and you will assuredly succeed.
Register for these events and more at CareyCompass.com.