Compensation Report: Hong Kong Bound?

Top of mind for many candidates these days is the post-MBA job situation – what will the economy be like in three years time? While it is difficult to predict what will be, the trend for those who are graduating now has been to accept non-negotiable offers, consider other professional areas or… move overseas? This morning, Canada’s Financial Post (“Downsized Bankers Flocking to Hong Kong”) reported that so many “recent graduates as well as seasoned financiers”  have moved to Hong Kong (recognizing that large pools of investments are available in Asia and far less available in North America) that housing is becoming more expensive and dinner reservations are much more difficult to secure. If you are interested in banking, you might begin to explore other locales other than Wall Street as an avenue toward launching your career.  Or, you might just be patient and wait to see what the future holds…