Find all School-related info fast with the new School-Specific MBA Forum

It is currently 22 Sep 2014, 20:49

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Finance perspective

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Director
Director
User avatar
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 11

Kudos [?]: 132 [0], given: 10

GMAT Tests User
Finance perspective [#permalink] New post 27 Mar 2008, 07:36
So , i attended a HKUST alumni event tonight. Quite fortunate, i happen to be in Beijing (on business), and they arranged a celebratory party for their rank in FT (17th) so i was able to join them. One of their professors (specialises in risk management and is an ex-banker) was telling us about the finance job market (in Hong Kong). His basic forecast is that employment in CDO`s will be hit and there will be cuts, but he also believes that PE will generally be untouched.

Among the Alumni was the VP of the strategy planning of an IB, (Beijing branch), and he was collecting up a lot of this years HKUST intakes business cards as he was getting ready to prepare for internships for next year. credit crunch has had no impact in their internship hunt in China.

Finally the other interesting thing is the student run funds, they were explaining how they were trying to set it up and probably try to emulate the Darden model. The money is provided by alumni sponsors, is overseen by the alumni, but run by the students. They prefer to have a mix of students who have managed funds before and students who have a high interest in this area. The alumni will review the investment policies the students create before giving a green light.

Anyhow, i`m not interested in going into finance, so the details here is only what i could understand (most of the talk was done in Mandarin and I don`t really understand it so much)
Kaplan Promo CodeKnewton GMAT Discount CodesGMAT Pill GMAT Discount Codes
VP
VP
User avatar
Joined: 09 Jan 2007
Posts: 1045
Location: New York, NY
Schools: Chicago Booth Class of 2010
Followers: 10

Kudos [?]: 156 [0], given: 3

GMAT Tests User
Re: Finance perspective [#permalink] New post 09 Apr 2008, 13:44
In London things a pretty ugly from what I've heard...

Some Hedge Funds are going down, and also some PE's and small IM firms really getting hard times.

Yesterday I went to a presentation of a Economist from Calyon (Group Credit Agricole) and he is VERY VERY pessimistic, he said that we may see 4Q of recession in USA. I'd be skeptical, but last year in may I saw the same guy's presentation and he called the scenario we are all seeing right now, I can send his name through a PM.

I'm really bearish (and so is my bank) and we keep buying Treasuries on dips (I'm an Fixed Income and Credit Trader :wink: ). This year so far has been really good for us, but it's sad because it's good because the market is a mess and we've been pessimistic. The problem is that the volatility is SO HIGH that even with small exposures the return (or the damage) is VERY HIGH.

Nick_sun sent me an article with changes at the HSMP program in UK, let me find it and I post it later if he doesn't.
_________________

Rhyme´s guide to interviewing
http://www.gmatclub.com/forum/t55030

Kwam's Profile
111-t57360

Re: Finance perspective   [#permalink] 09 Apr 2008, 13:44
    Similar topics Author Replies Last post
Similar
Topics:
8 The Inside Scoop: A Balanced Perspective BigUp 2 16 Aug 2012, 19:31
A different perspective on globalization pleonasm 0 08 Mar 2009, 18:42
1 Finance John28002 0 22 Feb 2008, 07:02
Need perspective on prep strategy??? singh_amit19 13 16 Oct 2007, 01:39
Finance vivek123 1 25 Mar 2005, 07:22
Display posts from previous: Sort by

Finance perspective

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderator: threestripes



cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.