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)