以下是引用ulcerated在2008-1-14 6:20:00的发言:Forget IB Operation, it is a 3rd tier startup job that will never get you anywhere! especially HK!
One
of my ex. mentor (the Chinese dear friend Dr. Stiglitz, who just
cheated China billions USD annually together with the Japs on Carbon
Emission Credit, pulling a traditional World Bank ADB helping China
trick) once said referring to a poker game called texas hold'em,
professional poker players play their opponents, experienced poker
players play on their own cards, wanna-be poker players play on the
community cards and chip stack. We were talking about the "food chain"
of financial market as Stiglitz was explaining his invention of the new
environmental financial instruments.
The wanna-be goes to IBs
for game plan and PM for development: M&A and IPO (IPO is the easy
part) without its own playbook; the experienced ones goes to IB and
other public accessible SPs for game plan and PM with its own playbook;
the real players makes its own game plan and hires private agent (not
accessible for wanna-be) to facilitate with SPs and outsource detailed
PR works to IBs. Note the differences: wanna-be: the new China
Investment Corp & black stone; the experienced: Mr.Shi Yuzhu and
his gaming company NYSE IPO, Super Li with his oil venture in Canada;
the real playa? consider the strategy and execution of the Carlyle
Group (US) and the Wallenberg (EU). Or check out how Al Gore made his
fortune after stepping down from office.
Unless you want to
become a power trader in the real casino (future trading tournament
with minimum buy-in of 1 billion USD cash). IB is just the next level
of outsourcing for the power player.
On the flip side, you
can join this consulting firm with a humble attitude, meet people,
develop a decent network, put in your effort and learn about real
problems on the ground, you can be better prepared for a future in IB
after your MBA. Finance is just one of the components to a
successful IB career.
PS The person LS is referring to is in a
industry called Chinese Securities (Secondary) Market, where there is
no true IBs (since they only do IPO and nothing after that) and CPC
have retired the only power player in 03. Their biggest advantage is
they jump on all the opportunities now (the culture of making money
now!), but real business takes commitment, determination and integrity
to improve and grow. So these people will be replaced as Chinese market
continue to progress legitimately.
//IBs in China are
looking for SPs to outsource PR works, such as road show planning and
organization, I suggest LS/LZ to open up a SP to IB.
This is probably a better option than joining a consulting firm.
PS Having problems with Chinese input software. Anyways, IBs need to understand China's true problems and China needs to learn about how to use IBs or other service providers, to be a good bridge, you must understand the problems from top to bottom, and to start off, you want maximum exposure to situations on the ground.
