讨论：IB and Consulting在国内

usdusaj

london 04,
but at least you will get enough experience and knowledge which can be transfered to other fields.

The salary should not be worse than those of average industry company .

baobaobear

以下是引用funnytiger在2003-12-10 2:06:00的发言：

IB
其实大家都在等2006, 那时很多国际大行就可以正式在中国倒腾了. 现在已经有很多美国IB暗渡陈仓进入中国市场(合资方式). 中国最怕的是他们大量收购国有不良资产, 而这也是最赚钱的东西. 到时候, 中国国内很多半官方的IB要倒很多, 其实现在已经有很多经营不下去. 不过象中金这样的主, 恐怕是不会倒, 而且会更壮大, 所以在中国, 背景还是很重要

Hi, funnytiger! Long time no see.
I would like to discuss with you all about what the IB's future in China. (Sorry, tiger, I might point out some of your misunderstanding since just like you said, the situation in Chinese IB has changed a lot after you went abroad. )  

1) Yes, 2006 is a life-and-death line. But we still have time, right? 首先，合资IB将层出不穷；其次，中信，光大也在大造中国的金融控股集团。当然，倒一批是肯定的，但是那时的市场竞争如何进行，政府的干预度以及众所周知的中国的“水”深将成为悬而未决的因素。 这是个Big Topic，记得我们以前在这个板子上也讨论过，我想连中国证监会都没考虑清楚，我们还是静观其变把。。。呵呵呵

2）现在中国正在掀起一轮贱卖国有资产的狂潮，Oh my god,是优质的国有资产呀，让人痛心。。。所以，中国不会怕外资大量收购国有不良资产，就怕他们不买呢。这从四大资产管理公司的情况就可知一二。。。

3）中金的前途更是众说纷纭，其实我反而比较担心他能走多远，如何走。知道中银国际是如何从他手中抢了平安保险的IPO吗？ 政府照顾和没有融资能力是他目前的绊脚石。。。

好了，不谈大事风云，就谈谈我们如何从中“渔利”好不好？呵呵呵，其实我想这才是最实际的，也是我们最关心的，说的高尚点就是“我们将来如何立足中国投行业把”。。。

baobaobear

对了，关于MC和IB的收入问题，我是这样想的：
如果说salary+bonus, 两者不好比，从average来看，可能MC会多点，至少Top BSchool的job report是这样显示的。
如果比收入，加上灰色的，那可能IB的机会更多些。。。就拿国内来说，就这几年中，在中国证券市场里成了billionaire的可是数也数不清呀。。。这具体就更不好说了，是不是？！

baobaobear

对了，刚才说的赚钱和受苦受累是有关系的。其实，投行不是干一辈子的，就这几年，正如大家所说，可进可退，关键看你想要什么。其实上面说的有钱人很多是离开IB后赚来的，当然他们一定是放弃了很多，有的是时间，有的是生活的乐趣，有的则是道德，甚至是自由。。。

baobaobear

以下是引用london04在2003-12-11 13:24:00的发言：


i am a miserable analyst. long hours don't stop until you retire and there are no fat checks these days, so far as I know. you will be paid well after 15 years' slavery for the firm, not 3 or 4 years. most of people don't make it to that stage. so youth is wasted, life ruined, family broken and only left with some meagre cash in the bank which is not enough for retirement. that is the true face of ib. do you still want to come in?

Could you explain why 15 yrs?
If all you said is true, why don't you choose quit?

funnytiger

baobaobear, nice to see you here. I guess you definitly have the upper hand on the knowlege of IB in China

收购国有不良资产, well, it is what is called in transaction, but actually it is 优质的国有资产 deep in the skin. I read this from BusinessWeek.

I guess since PM Zhu retired, 中金 has slowed down. my friend quitted from there lately, I guess there must be some changes there, otherwise who will throw away "gold bowl"

usdusaj

1) Yes, 2006 is a life-and-death line. But we still have time, right? 首先，合资IB将层出不穷；其次，中信，光大也在大造中国的金融控股集团。当然，倒一批是肯定的，但是那时的市场竞争如何进行，政府的干预度以及众所周知的中国的“水”深将成为悬而未决的因素。 这是个Big Topic，记得我们以前在这个板子上也讨论过，我想连中国证监会都没考虑清楚，我们还是静观其变把。。。呵呵呵
我觉得2006人民币自由兑换是不可能的，至少再过15年。

2）现在中国正在掀起一轮贱卖国有资产的狂潮，Oh my god,是优质的国有资产呀，让人痛心。。。所以，中国不会怕外资大量收购国有不良资产，就怕他们不买呢。这从四大资产管理公司的情况就可知一二。。。

我的一个大学老师说贱卖国有资产，政府到不是怕卖给外国人，倒是怕卖给国内的人，怕影响政权，不稳定。
一家之言，请指正。

usdusaj

http://forum.chasedream.com/dispbbs.asp?BoardID=39&id=19299&replyID=19299&star=1&skin=

经济/管理/创业 有一个topic
中国人去华尔街的前景如何？
大家可以参考一下。
andy2215,wslch,zhenmeiwenti,raymondlau 都是专家啊。欢迎发表意见。

a little insight view about IB（from raymondlau)
although i did not go to US business school and not work at wall street, i am working at a small boutique investment bank based in Shanghai.so i suppose i am eiligible to say sth,
first, do not focus on those giant merely,such as goldman sachs,morgan stanley...., when you talk about IB. they are just part of IB industry. there are many many small and specialised IB in US. only top top student can work in those giants, but for chinese student still chance to enter small IBs. and i guarantee you also can taste what's investment banking and what IBer's life is.
second. when chinese students talk about IB, please do not bring your imagination into your words.
life is just life.you start at entry level as analyst. all you work is just paperwork.what's other works?yeah, other works.that's also paperwork.youbetter good at excel,word very very very much.do not imagine you can play with accountant, lawyer, venture capitalist, fund manager, other IBer. they are all experts who can eat you up. so do boring paperworks pls.
third, network is extremely important, both domestic and ovrseas. you, such a young guy as me, pls be patient to learn how to prepare BP first, then how to structure the deal.
by the way, my boss is the former managing director in Morgan Stanley, i learn many things from him.

usdusaj

the following is a good bbs of wharton students discussion, some topic is about ib,

http://mba.wharton.upenn.edu/mba/

wslch

说说自己的看法。

london 04的话，是有一定的道理的。我也认为IB并不是任何人都可以做的，除非你真的是热爱工作胜过其它。

usdusaj（名字太怪了）说的比较中肯，投行中很多的是小公司——我不敢兴趣，但说道关系是最为重要的，这是千真万确的，已经有无数的案例证明了，我想即使在ws也是如此。

关于不良资产的处置，这是令人痛心的做法