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Graduates from top universities in Hong Kong are a lot less likely to be working in investment banks compared to graduates from top schools in the United States and the UK.
Researchers from eFinancialCareers looked at the CV database of graduates from the the city’s top three universities – University of Hong Kong (HKU), Chinese University of Hong Kong (CUHK) and Hong Kong University of Science & Technology (HKUST).
They isolated the proportion of total graduates from these universities that were working within the investment banking sector and then split them into two major divisions.
These included, the investment banking division (IBD) which is responsible for investment banking/M&A and capital markets, and those working in marketing jobs, namely, trading, equity research and exotic products.
Hong Kong’s top three local universities had the highest proportion of graduates going into the IBD – with HKU and HKUST at 8% and CUHK at 7%.
When it came to marketing roles, 24% of HKU graduates landed jobs in investment banks, followed by CUHK at 21%. One in five (20%) of HKUST graduates ended up with marketing jobs.
All these percentages were, however, lagging far behind when compared to top global schools.
In Ivy league school University of Pennsylvania in the US, 40% of graduates worked in M&A division alone. Similarly, the London School of Economics had more than 30% of its graduates working in front office roles.
READ MORE: Hong Kong universities rise in ranking