Hongkong Applicants 2014 Watch

Baron of Sealand
Badges: 21
Rep:
?
#521
Report 5 years ago
#521
(Original post by speedbird26)
Is that the case? From what I know CU grads are averaging 4x-5x k per month, UST 3x-4x k and HKU 2x - 3xk per month :/
That is not true at all. Where did you get that from?

You are somewhat close about HKU as the average salary is HKD$30,600. But HKUST's GBUS is only at HKD$18,500, which echoes the overall difference as HKU's overall average is also almost doubling that of HKUST's. CUHK doesn't publish anything, but considering how their overall average is also lower than HKU, I should think theirs would also be slightly lower. Averging $40-50k per month would be very difficult for any programme at CUHK unless you assume that everybody gets very similar salary, because the highest in the whole university is at $88,000 (v HKU's $100k) and those tend to be a sheer minority. Seeing the only publication about where their graduates go to, listing I presume the best companies, it seems their average is $20-30k at best.
0
reply
lifeisgood.
Badges: 2
Rep:
?
#522
Report 5 years ago
#522
(Original post by clh_hilary)
That is not true at all. Where did you get that from?

You are somewhat close about HKU as the average salary is HKD$30,600. But HKUST's GBUS is only at HKD$18,500, which echoes the overall difference as HKU's overall average is also almost doubling that of HKUST's. CUHK doesn't publish anything, but considering how their overall average is also lower than HKU, I should think theirs would also be slightly lower. Averging $40-50k per month would be very difficult for any programme at CUHK unless you assume that everybody gets very similar salary, because the highest in the whole university is at $88,000 (v HKU's $100k) and those tend to be a sheer minority. Seeing the only publication about where their graduates go to, listing I presume the best companies, it seems their average is $20-30k at best.
HKUST figure you cited is out of date. If you compare HKU's IBGM salary in the same period it is similar.

Pay has risen by a lot since 10 years ago.
0
reply
Baron of Sealand
Badges: 21
Rep:
?
#523
Report 5 years ago
#523
(Original post by lifeisgood.)
HKUST figure you cited is out of date. If you compare HKU's IBGM salary in the same period it is similar.

Pay has risen by a lot since 10 years ago.
Oh didn't realise it was from 2004. Can't find a more updated figure.
0
reply
poydtreechada
Badges: 7
Rep:
?
#524
Report 5 years ago
#524
I guess the first university to start GBus is the best among the three. Isn't it HKUST?


Posted from TSR Mobile
0
reply
lifeisgood.
Badges: 2
Rep:
?
#525
Report 5 years ago
#525
(Original post by poydtreechada)
I guess the first university to start GBus is the best among the three. Isn't it HKUST?


Posted from TSR Mobile
CUHK.
0
reply
speedbird26
Badges: 0
Rep:
?
#526
Report 5 years ago
#526
Hmm…what about CU IBCE vs HKU IBGM? Assuming that I have not been rejected (yet) by the former and might stand a chance.

Anyway, among the opinion from different people around me (online/in person/young/experienced…) these few days, most people are telling me that a traditional US college experience easily exceeds any possible program locally in terms of quality by a scale that I shouldn't even be evaluating or comparing between the both…yet many people also say that it would be ridiculous to turn this offer down :/
0
reply
lifeisgood.
Badges: 2
Rep:
?
#527
Report 5 years ago
#527
(Original post by speedbird26)
Hmm…what about CU IBCE vs HKU IBGM? Assuming that I have not been rejected (yet) by the former and might stand a chance.

Anyway, among the opinion from different people around me (online/in person/young/experienced…) these few days, most people are telling me that a traditional US college experience easily exceeds any possible program locally in terms of quality by a scale that I shouldn't even be evaluating or comparing between the both…yet many people also say that it would be ridiculous to turn this offer down :/
Not comparable; the only business program that can be compared to IBGM at CUHK is GLOBE. IBCE is definitely worse than GLOBE and IBGM.

As an American who left college in NYC to come to HKU because of financial reasons, that statement is 99% correct. From both quality of life (study stress, workload, fun, social scene) and prospects (starting salary out of graduation, more flexible job opportunities in different fields, general prestige in the job hunt), a comparable college in the US (say, BostonU or UMichigan) does much better than HKU ever could. It really just isn't the same. If you are from HK and haven't had the privilege of experiencing something like a US college experience, do go and give it a shot - it's once in a lifetime. You will come back to HK and employers will give you more looks than they would give a local grad.

However, I would say that the quality of life and "college experience" only apply insofar as you attend a typical American campus university - think places like Dartmouth, not NYU. I had many friends at NYU and they were as disconnected from the community as I am at HKU.

If you get into a comparable college in the US, go to it. It will be better than IBGM. But if you only got into say, a community college, then the trade-off is not as high - you'd be better off with IBGM. I can only really give you advice if you tell me what colleges you're considering.
0
reply
speedbird26
Badges: 0
Rep:
?
#528
Report 5 years ago
#528
(Original post by lifeisgood.)
Not comparable; the only business program that can be compared to IBGM at CUHK is GLOBE. IBCE is definitely worse than GLOBE and IBGM.

As an American who left college in NYC to come to HKU because of financial reasons, that statement is 99% correct. From both quality of life (study stress, workload, fun, social scene) and prospects (starting salary out of graduation, more flexible job opportunities in different fields, general prestige in the job hunt), a comparable college in the US (say, BostonU or UMichigan) does much better than HKU ever could. It really just isn't the same. If you are from HK and haven't had the privilege of experiencing something like a US college experience, do go and give it a shot - it's once in a lifetime. You will come back to HK and employers will give you more looks than they would give a local grad.

However, I would say that the quality of life and "college experience" only apply insofar as you attend a typical American campus university - think places like Dartmouth, not NYU. I had many friends at NYU and they were as disconnected from the community as I am at HKU.

If you get into a comparable college in the US, go to it. It will be better than IBGM. But if you only got into say, a community college, then the trade-off is not as high - you'd be better off with IBGM. I can only really give you advice if you tell me what colleges you're considering.
Hi, thanks for your advice. I'm enrolled at Northwestern and on the waitlist for a few Ivies and U of C. My only concern is Northwestern sounds less dazzling than it actually is in HK not only to the curbside stranger but also employers…but this I am not sure. Econ major. I actually turned down numerous more 'well-known' schools in HK (think UCLA/USC/NYU…) for this but now my parents are very convinced about HKU IBGM.
0
reply
lifeisgood.
Badges: 2
Rep:
?
#529
Report 5 years ago
#529
(Original post by speedbird26)
Hi, thanks for your advice. I'm enrolled at Northwestern and on the waitlist for a few Ivies and U of C. My only concern is Northwestern sounds less dazzling than it actually is in HK not only to the curbside stranger but also employers…but this I am not sure. Econ major. I actually turned down numerous more 'well-known' schools in HK (think UCLA/USC/NYU…) for this but now my parents are very convinced about HKU IBGM.
Northwestern Econ is known by everyone and anyone in the employers' world here in HK. If you can get the Kellogg Certificate even more so.

Anywhere between 60%-90% of people reading resumes for top business jobs in HK (Consulting, iBanking, etc) are US educated, so they will all regard Northwestern as very prestigious.

Comparing Northwestern and HKU is a joke lol. Layman's reputation for Northwestern in HK is, of course, less than spectacular since the average joe will only know HYP, Oxbridge and HK universities at best. But if you're concerned about day-to-day prestige I can't help you - honestly nobody gives two damns.

But in the job market and for people who matter (i.e. educated people in HK), there shouldn't even be a comparison between Northwestern and HKU. Northwestern, even disregarding the fact that employers here are biased towards foreign degrees, is a MUCH better institution all around. Better teaching, better funding, better facilities, better social life, better and closer alumni network. Uncle did an MBA at Kellogg and he got in touch with the Kellogg alumni network here to try and find me a job; Northwestern has a huge network here in Asia. Better than HKU honestly, even though it's like 200 times smaller.

And one more tip: Recently I was networking, trying to find a job this summer. I will quote verbatim an informal text conversation I had with a banker at a top bank (the type of company that all HKU business students would get their panties' wet over): "We mainly hire non-local grads because most local grads are useless but an American studying in HK would be worth a look."

There's clearly a huge (perhaps justified) bias against local HK grads. The common string I've pulled together from conversations with a lot of hiring professionals is that the best HK talent goes overseas to study. This is a fact - on average, the best and brightest get the **** out of this place for 4 years, have more fun, meet nicer people, get a more outward-looking worldview, build a more interesting personality, and come back to dominate the other HKers when it comes to job-hunting time. Nobody likes to admit it but this really is overwhelmingly the case. Even though you were bright enough to get into Northwestern, if you choose to go to HKU, there will be a generalization that you are not as good as a foreign grad - not just academically, but as a person. This perception is here to stay for at least the next 20 years, since all the top jobs hire US/UK educated people, and those people in turn have the same prejudices when they hire applicants.

See here for anecdotal evidence. This is a girl from CUHK bemoaning how tough it is to compete with the US educated grads in Hong Kong, even though she's probably just as bright:
http://www.wallstreetoasis.com/forum...s-in-hong-kong
0
reply
poydtreechada
Badges: 7
Rep:
?
#530
Report 5 years ago
#530
(Original post by lifeisgood.)
CUHK.
But as I remember, CUHK started GBus in the year 2005.


Posted from TSR Mobile
0
reply
Baron of Sealand
Badges: 21
Rep:
?
#531
Report 5 years ago
#531
(Original post by lifeisgood.)
Northwestern Econ is known by everyone and anyone in the employers' world here in HK. If you can get the Kellogg Certificate even more so.

Anywhere between 60%-90% of people reading resumes for top business jobs in HK (Consulting, iBanking, etc) are US educated, so they will all regard Northwestern as very prestigious.

Comparing Northwestern and HKU is a joke lol. Layman's reputation for Northwestern in HK is, of course, less than spectacular since the average joe will only know HYP, Oxbridge and HK universities at best. But if you're concerned about day-to-day prestige I can't help you - honestly nobody gives two damns.

But in the job market and for people who matter (i.e. educated people in HK), there shouldn't even be a comparison between Northwestern and HKU. Northwestern, even disregarding the fact that employers here are biased towards foreign degrees, is a MUCH better institution all around. Better teaching, better funding, better facilities, better social life, better and closer alumni network. Uncle did an MBA at Kellogg and he got in touch with the Kellogg alumni network here to try and find me a job; Northwestern has a huge network here in Asia. Better than HKU honestly, even though it's like 200 times smaller.

And one more tip: Recently I was networking, trying to find a job this summer. I will quote verbatim an informal text conversation I had with a banker at a top bank (the type of company that all HKU business students would get their panties' wet over): "We mainly hire non-local grads because most local grads are useless but an American studying in HK would be worth a look."

There's clearly a huge (perhaps justified) bias against local HK grads. The common string I've pulled together from conversations with a lot of hiring professionals is that the best HK talent goes overseas to study. This is a fact - on average, the best and brightest get the **** out of this place for 4 years, have more fun, meet nicer people, get a more outward-looking worldview, build a more interesting personality, and come back to dominate the other HKers when it comes to job-hunting time. Nobody likes to admit it but this really is overwhelmingly the case. Even though you were bright enough to get into Northwestern, if you choose to go to HKU, there will be a generalization that you are not as good as a foreign grad - not just academically, but as a person. This perception is here to stay for at least the next 20 years, since all the top jobs hire US/UK educated people, and those people in turn have the same prejudices when they hire applicants.

See here for anecdotal evidence. This is a girl from CUHK bemoaning how tough it is to compete with the US educated grads in Hong Kong, even though she's probably just as bright:
http://www.wallstreetoasis.com/forum...s-in-hong-kong
They don't just take everybody from American universities however, Bank of China for example has an exclusive list for you to choose from. I don't remember the options for US, but for the UK as an example, they only have Oxford, Cambridge, University of London, Imperial, and Edinburgh. If you expand it to 10 in America, there could still be 10 better universities such as Harvard, MIT, Yale, Princeton, Stanford, UC Berkeley, University of Chicago, Columbia University, John Hopkins University, UPenn.
0
reply
Baron of Sealand
Badges: 21
Rep:
?
#532
Report 5 years ago
#532
(Original post by poydtreechada)
I guess the first university to start GBus is the best among the three. Isn't it HKUST? Posted from TSR Mobile
That's ridiculous. History of a specific programme especially when all three have not been that young is utterly irrelevant. By your logic, that university established in the Holy Roman Empire should be considered the best university of all-time forever.

Comparing the three programmes, HKUST is considered the best business school, and the most demanding one. But HKU is a much better brand name and has a more diverse way of getting connections. That's like how HKU opened a new primary education programme a few years and immediately got on with placements perfectly, whilst CUHK and HKIED (the longest history) both have still been struggling even though the former would even 'settle' for getting their students primary schools when their students are for secondary education.
0
reply
speedbird26
Badges: 0
Rep:
?
#533
Report 5 years ago
#533
(Original post by clh_hilary)
They don't just take everybody from American universities however, Bank of China for example has an exclusive list for you to choose from. I don't remember the options for US, but for the UK as an example, they only have Oxford, Cambridge, University of London, Imperial, and Edinburgh. If you expand it to 10 in America, there could still be 10 better universities such as Harvard, MIT, Yale, Princeton, Stanford, UC Berkeley, University of Chicago, Columbia University, John Hopkins University, UPenn.
UCB and JHU > Northwestern?:confused:
0
reply
Baron of Sealand
Badges: 21
Rep:
?
#534
Report 5 years ago
#534
(Original post by speedbird26)
UCB and JHU > Northwestern?:confused:
According to ARWU:
UCB: No 3 / JHU: No 17 / Northwestern: No 30
Economics -
UCB: No 5 / JHU: No 45 / Northwestern: No 10

QS:
UCB: No 25 / JHU: No 16 / Northwestern: No 29
Economics -
UCB: No 5 / JHU: No 101-150 / Northwestern: No 15

Times:
UCB: No 8 / JHU: No 15 / Northwestern: No 22
Social sciences -
UCB: No 9 / JHU: - / Northwestern: No 17

So in general, yes. Quite obviously really. You need to also remember that if they are going by brands, it's going to be more about the overall brand and network not just the specific discipline. There are numerous other ones which can be placed before Northwestern, like Cornwell.
0
reply
speedbird26
Badges: 0
Rep:
?
#535
Report 5 years ago
#535
I received a mixture of opinions today haha…I guess I'll be securing my place at HKU too first and continue to evaluate between the both in the meanwhile, although I'm more inclined on going to America for the experience. Thanks for all the advice/opinion anyway!
0
reply
lifeisgood.
Badges: 2
Rep:
?
#536
Report 5 years ago
#536
(Original post by clh_hilary)
They don't just take everybody from American universities however, Bank of China for example has an exclusive list for you to choose from. I don't remember the options for US, but for the UK as an example, they only have Oxford, Cambridge, University of London, Imperial, and Edinburgh. If you expand it to 10 in America, there could still be 10 better universities such as Harvard, MIT, Yale, Princeton, Stanford, UC Berkeley, University of Chicago, Columbia University, John Hopkins University, UPenn.
But that's irrelevant. Why anyone would want to work for BoC is mind-blowing to me. It's a second-tier or third-tier bank in every aspect you can think of, and for Chinese banks they actually get a LOT of their talent from Peking and Tsinghua. And I'm pretty sure the targets they have for America are more vast. Mainland personnel go to the US for their educations much more than the UK, and Northwestern would definitely be considered a target.

But for firms that matter in Hong Kong (i.e. top foreign firms) Northwestern would be a great name to have on your resume. With Northwestern you have a shot at all the jobs an HKU IBGM graduate wishes they could even touch.

And regarding UCB/JHU....UCB = JHU = Northwestern; they're basically on the same tier. People can argue or whatever but they pretty much compete with each other on the same level. Each of them are the second-tier to whatever "amazing" school in their area. Stanford, UofC, for JHU you basically have the entire East Coast.
1
reply
lifeisgood.
Badges: 2
Rep:
?
#537
Report 5 years ago
#537
Also keep in mind:

With the US your choices are:
1. Pledging a frat (assuming you're a guy)
or
2. living in a regular dorm in spacious Evanston, IL.

With HK your choices are:
1. Live with your parents, as most HKers do (miserable pathetic lack of independence - you'll wish you had room to breathe. I swear HK is the only place where it's normal to live with your parents till you're 35; I don't know how they do it)

2. Live in stupid "Halls" where you get to experience all the hazing, meaningless sports activities, hall cheers, lack of individualism.

Big thing to consider, honestly. I know people in HKU who really are gouging their eyes out over hall life. Of course, there are some that like it, but quite few.
0
reply
Baron of Sealand
Badges: 21
Rep:
?
#538
Report 5 years ago
#538
(Original post by lifeisgood.)
Also keep in mind:

With the US your choices are:
1. Pledging a frat (assuming you're a guy)
or
2. living in a regular dorm in spacious Evanston, IL.

With HK your choices are:
1. Live with your parents, as most HKers do (miserable pathetic lack of independence - you'll wish you had room to breathe. I swear HK is the only place where it's normal to live with your parents till you're 35; I don't know how they do it)

2. Live in stupid "Halls" where you get to experience all the hazing, meaningless sports activities, hall cheers, lack of individualism.

Big thing to consider, honestly. I know people in HKU who really are gouging their eyes out over hall life. Of course, there are some that like it, but quite few.
Outside of HKU the halls don't do those hall education thingy.

In Japan and Korea it's also normal to live with your parents. 'Parasite singles' they say.
0
reply
Baron of Sealand
Badges: 21
Rep:
?
#539
Report 5 years ago
#539
(Original post by lifeisgood.)
But that's irrelevant. Why anyone would want to work for BoC is mind-blowing to me. It's a second-tier or third-tier bank in every aspect you can think of, and for Chinese banks they actually get a LOT of their talent from Peking and Tsinghua. And I'm pretty sure the targets they have for America are more vast. Mainland personnel go to the US for their educations much more than the UK, and Northwestern would definitely be considered a target.

But for firms that matter in Hong Kong (i.e. top foreign firms) Northwestern would be a great name to have on your resume. With Northwestern you have a shot at all the jobs an HKU IBGM graduate wishes they could even touch.

And regarding UCB/JHU....UCB = JHU = Northwestern; they're basically on the same tier. People can argue or whatever but they pretty much compete with each other on the same level. Each of them are the second-tier to whatever "amazing" school in their area. Stanford, UofC, for JHU you basically have the entire East Coast.
So BoC would have a higher recruitment standard than the companies that actually 'matter' you mean? :confused:

Also, for what it's worth, the big ibanks do have recruitment sessions at HKU, CUHK, and HKUST; and there are a lot of people who got into them. Though they seem to favour law students a lot more, they do have random ones like history graduates.
0
reply
lifeisgood.
Badges: 2
Rep:
?
#540
Report 5 years ago
#540
(Original post by clh_hilary)
So BoC would have a higher recruitment standard than the companies that actually 'matter' you mean? :confused:

Also, for what it's worth, the big ibanks do have recruitment sessions at HKU, CUHK, and HKUST; and there are a lot of people who got into them. Though they seem to favour law students a lot more, they do have random ones like history graduates.
ibanks recruit from HKU alright; quite a few. But for operations and middle office (Read: dead-end low paying career-ending work). Not where you wanna be. This year there were less than four kids who went to the actual investment banking department in a bulge bracket investment bank in all of HKU.

HKU's prestige among top firms in HK is like Fordham's is in NYC. It's local, it's good to source some low-level talent, but would they take HKU kids for actual top-of-the-line positions? Not a chance. Every year there are a few who defy the rule, but those are few and far between, and I personally know one of them: his family's very well connected.

Compare HKU with a similar school in the US in selectivity and academics: NYU CAS. Arguably HKU actually has a better academic standing than NYU. But the result? NYU sends quite a few (not many, but substantially more than HKU) to top jobs in both HK and America. Meanwhile HKU students struggle to get into good firms in HK, let alone overseas.

It's not even a comparison to make.

And regarding BoC, I'm pretty sure that characterization is erroneous. The target school list for BoC is more relaxed than most banks when it comes to foreign schools. But like I said, most of them source a substantial amount of their talent from Peking and Tsinghua - Chinese schools, that, unlike HKU, actually place their graduates well into the local market. I suspect it has something to do with the level of internationalism in HK vis-a-vis Shanghai and Beijing. Foreigners have easier access to the HK job market; not the mainland.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

University open days

  • London Metropolitan University
    Postgraduate Mini Open Evening - Holloway Campus Undergraduate
    Tue, 21 May '19
  • Brunel University London
    Postgraduate Open Evening Postgraduate
    Wed, 22 May '19
  • University of Roehampton
    Postgraduate Open Evening Postgraduate
    Wed, 22 May '19

How did your AQA A-level Psychology Paper 1 go?

Loved the paper - Feeling positive (73)
21.6%
The paper was reasonable (149)
44.08%
Not feeling great about that exam... (60)
17.75%
It was TERRIBLE (56)
16.57%

Watched Threads

View All