what i heard is: background to PE: PE experience, LBO/IBD/equity research experience, strategic consulting (mainly top 5, not general MC),big 4 transaction services, or specific industry background. What I heard is some PE firm recruited some associates from big 4 in China but the pay is very low, even CNY20-30K/month sometimes. A friend in Mckinsey China corporate finance team joined a start-up PE in HK while another friend in BCG told me that several of his colleagues joined tier 1/2 PE (analyst position pay around CNY500-700K without global MBA). I also have friends joined PE firm utilizing their specific industrial background (e.g. chemical/oil gas). |