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HKUST placement prospect

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copernicus


Joined: 25 Mar 2007
Posts: 81
HKUST placement prospect
Mon Jul 23, 2007 09:16 PM
missing from the list, amongst other prominent names, is Ward Ferry Management, the largest local hedge fund in Asia, ex Japan. They have recruited in the past along with high profile VC names - TPG Asia, etc. So I am not sure where you copied it from.

You should have no problem getting offers from everyone from Macquarie to Goldman in Equity Derivatives/Structuring, if in fact you have the quant background necessary for these roles. If not HK UST does have offerings which can prepare you for such opportunities, I would strongly suggest spending time with prof. Salih Neftci and taking his quant courses. You could buy and read his books to start with, this guy is a pretty well known.

www.amazon.com/exec/obidos/search-handle-url/104-9…

Advanced Derivatives Analysis
Advanced techniques in option pricing and derivatives risk management. Topics include the binomial model, risk-neutral valuation, extension of the Black-Scholes pricing model and option Greeks. The course will also include discussion and analysis of options on futures, interest rate options such as caps and floors, and some popular OTC products such as equity-linked notes and principal guaranteed funds.

Computing and Programming in Finance
An introduction to Visual Basic with applications to financial modelling. Includes implementation of the Black-Scholes formula, Greeks parameters, binomial tress and Monte Carlo methods using VBA. Introduction to programming languages C++.

Equity Valuation
Basic valuation approaches including dividend discount model, free cash flows model, and valuation by multiples; measures of company performance and value added; valuation in special situations such as emerging markets, closely held companies, mergers, and divestitures.

Equity Investment Management
The course covers the complete investment process from constructing investment objectives and policies to broad class asset allocation, monitoring, and performance measurement and attribution. Practical issues relating to investment style, active and passive management, stock market inefficiency will be discussed. Advanced techniques in portfolio construction involving the use of the Black-Litteman model, single index and multi-factor are studied.

Advanced Derivatives Applications
Practical applications of derivative pricing and hedging, focusing on equity-linked structures. The emphasis of the course will be on building intuition with regard to option pricing and hedging, using Excel-based pricing models and real world applications. A solid foundation in option pricing theory as provided by the prerequisite courses is assumed, as is familiarity with Excel and VBA.

Asset Securitization
An in-depth analysis of structured securities. Reviews the essential methods used by rating agencies in appraising the credit of asset backed securities and mortgage back securities. Hands-on exercise leading to the assignment of credit ratings.

Behavioral Finance
An application of psychological theories to explain the inefficiencies in financial markets. Examine how psychological biases such as representativeness heuristic, overconfidence, availability biases, framing, cognitive biases, and emotions influence investors and their investment decision-making process.

Credit Risk Management
Various kinds of credit risks, credit risk estimation, capital adequacy, credit risk models, stress testing, and credit derivatives.

Fixed Income Derivatives
This course teaches fixed-income derivatives and related topics. The course begins with varieties of floating-rate instruments. It then moves on to topics in applications of interest-rate futures in managing interest rate risk. The bulk of the course is devoted to all kinds of non-standard interest-rate swaps, including currency swaps. Finally, it touches upon topics in interest-rate options such as caps, floors, swaptions, and in bonds with embedded interest-rate options. Both economic intuition and quantitative skills are emphasized.

Risk Management for Financial Institutions
Management issues for financial institutions, with an emphasis on commercial banks. Capital adequacy, liquidity and interest rate risk management; market structure; regulatory issues of financial intermediaries.

Structured Products and Exotic Options
Development of structured products, such as option-embedded bonds, equity-linked notes, dual currency options, exotic options and equity-linked Forex options. Risk and return analysis of structured products, with applications in portfolio management.

If you can get through these courses, I am sure structuring deals/notes, etc should not be a problem. There are also others, you can find descriptions here.

mfin.bm.ust.hk/programmes/programmes4.html

As far as I know there is no time limit for anyone, once the employer sponsors you its up to you how long you stay.

Also have you considered the M.S. Global Finance program NYU/HK UST? If not, I am sure you could participate in the English speaking sessions as a "guest"

globalfinance.bm.ust.hk/index.asp

Program Schedule and Content
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Module Topic Period By

Module 1 Foundation 1: Asset Markets 30 Nov - 3 Dec 2007 (Fri - Mon) Professor Jie Gan (UST)
Professor Chu Zhang (UST)

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Module 2 Foundation 2: Corporate Finance 25 - 28 Jan 2008 (Fri - Mon) Professor Suditpo Dasgupta (UST)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Module 3 Portfolio Management and Asset Allocation 15-18 Feb 2008 (Fri - Mon) Professor Bruno Solnik (UST)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Module 4 Derivatives Markets 16 - 19 Mar 2008 (Sun - Wed) Professor Menachem Brenner (NYU)

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Module 5 Applied Corporate Finance and Valuation 18 - 21 Apr 2008 (Fri - Mon) Professor Vidhan Goyal (UST)

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Module 6 Foreign Exchange Markets 16 - 19 May 2008 (Fri - Mon) Professor Richard Levich (NYU)

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Module 7 Financial Engineering 30 May - 2 Jun 2008 (Fri - Mon) Professor Salih Neftci (UST)

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Module 8 Fixed Income Instruments and Markets 28 Jul - 9 Aug 2008 (Mon - Sat) Professor Edwin J. Elton (NYU)

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Module 9 Risk Management 28 Jul - 9 Aug 2008 (Mon - Sat) Professor Anthony Saunders (NYU)
Professor Edward I. Altman (NYU)

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Module 10 Topics in Financial Markets and Innovation 28 Jul - 9 Aug 2008 (Mon - Sat) Professor Marti Subrahmanyam (NYU) and others (NYU)




- - - - - - - - - - - - - - - - - -
Mumbai:
Structured Products & Exotic Options in Asia, Implications for Banks and Regulators
(In English)
10:30-12:30, 21 April 2007
Hilton Towers

Shenzhen:
Development and opportunities of structured products and exotic options for the China market
(In Mandarin)
14:00-16:00, 23 April 2007
Reuters Centre

Tokyo:
Structured Products & Exotic Options in Asia, Implications for Banks and Regulators
(In English with Japanese interpretation)
18:00-20:00, 23 April 2007
Reuters Centre

Shanghai:
Development and opportunities of structured products and exotic options for the China market
(In Mandarin)
09:30-11:30, 24 April 2007
Reuters Centre

Seoul:
Structured Products & Exotic Options in Asia, Implications for Banks and Regulators
(In English)
17:00-19:00, 24 April 2007
Lotte Hotel

Beijing:
Development and opportunities of structured products and exotic options for the China market
(In Mandarin)
09:30-11:30, 25 April 2007
Reuters Centre

Taipei:
Development and opportunities of structured products and exotic options for the Asia market
(In Mandarin)
14:30-16:30, 26 April 2007
Grand Hyatt Taipei

Singapore:
Structured Products & Exotic Options in Asia, Implications for Banks and Regulators
(In English)
11:30-13:30, 26 April 2007
Reuters Centre

Hong Kong:
Exploiting Arbitrage Relations in Foreign Exchange, Interest Rate and Derivatives Markets
(In English)
12:00-14:00, 09 May 2007
HKUST Centre


[Edited by copernicus on 11 Aug 2007]

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copernicus


Joined: 25 Mar 2007
Posts: 81
HKUST placement prospect
Sat Aug 11, 2007 10:52 PM
The 2007 placement report is out. Salaries in HK and China went up nicely. Employed overseas figures continue to be affected by students taking jobs elsewhere in Asia at lower compensation levels than in US/EU. Perhaps the biggest positive is the remarkable trend of salary increases from pre to post MBA levels. Over 200% increase in post graduation salary 44% of class of 2007 graduates, and 100-200% increase in post graduation 26% of class of 2007 graduates
Also new employers such as one of the top hedge funds in the world, SAC Capital run by legendary trader Steve Cohen, have come in to recruit on campus. Top European and US investment banking firms still there, as well as hedge funds an venture capital firms.

www.mbacareer.ust.hk/students/employment_highlight…

[Edited by copernicus on 12 Jul 2008]

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kit

Joined: 03 Jun 2007
Posts: 12
HKUST placement prospect
Sun Aug 12, 2007 10:40 AM
copernicus,

thanks for the information. that's good to know. but what is ur connection to this school? do you go there? did you graduate from there? what are ur credents? if you actually work there, why not just say so? i don't get it ... i agree hong kong ust has benefits and potential, but your support and fandom is, well, suspicious.
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copernicus


Joined: 25 Mar 2007
Posts: 81
HKUST placement prospect
Sun Aug 12, 2007 04:54 PM
copernicus,

thanks for the information. that's good to know. but what is ur connection to this school? do you go there? did you graduate from there? what are ur credents? if you actually work there, why not just say so? i don't get it ... i agree hong kong ust has benefits and potential, but your support and fandom is, well, suspicious.


incoming mba class '09 student.

Just sharing what I know, with everyone, i wish i could have access to all this info when i was first starting to look at Asian MBAs.

[Edited by copernicus on 12 Aug 2007]

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kit

Joined: 03 Jun 2007
Posts: 12
HKUST placement prospect
Mon Aug 13, 2007 09:02 AM
hey, you're right, everyone benefits from more information. and congrats on the admission!
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valentino

Joined: 16 Aug 2007
Posts: 3
HKUST placement prospect
Fri Aug 17, 2007 02:20 AM
these are certainly good companies to work for... but
is it possible for someone speaking only English to land these finance/venture capital/Ibank positions in HK??
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copernicus


Joined: 25 Mar 2007
Posts: 81
HKUST placement prospect
Fri Aug 17, 2007 09:02 PM
these are certainly good companies to work for... but
is it possible for someone speaking only English to land these finance/venture capital/Ibank positions in HK??


finance and IB in HK definitely yes, venture capital little more difficult as they really want you to speak Cantonese/Mandarin to speak to businesses and their managers....but if you have some specific sector experience which they are looking for, you should be able to make it.
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shawn.hk

Joined: 31 Aug 2007
Posts: 45
HKUST placement prospect
Sat Sep 08, 2007 02:13 PM
anybody on these boards with HKUST degree and working overseas?

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saneel

Joined: 20 Oct 2007
Posts: 3
HKUST placement prospect
Sun Oct 21, 2007 04:33 PM
Hey guys,
Relatively new to this forum, I am planning to od an MBA from Asia Pacific.
Gave my GMAT got a score of 630 (less than expected)
But as the deadlines are near and i dont want to wait for one more year!! Can anyone tell me about my chances about getting into HKUST or HKU??
My profile is as follows:
BE in Electronics and Telecomm from Mumbai (Bombay) India
will complete 4 years of work exp in a reputed multinational by july 08 and GMAT score is 630 as mentioned above.
If not HKU and HKUST which schools do you think in Asia are my chances of gettin in bright??
Expecting a reply soon
Thanks
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jona


Joined: 11 Mar 2007
Posts: 59
HKUST placement prospect
Mon Oct 22, 2007 04:10 PM
You might want to read the following post, you will find a lot of info about HKUST and other hong kong business schools:

www.find-mba.com/board/3474/ (posts by vasilijs)

[Edited by jona on 22 Oct 2007]

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saneel

Joined: 20 Oct 2007
Posts: 3
HKUST placement prospect
Tue Oct 23, 2007 04:24 PM
Thanks for the link it was indeed helpful!! The feeling what i got from a few blogs which i have got is that - One has to be proficient in mandarin that too professional grade to get a job in Hong Kong!! I dont know how easy or difficult is tht, but My education rite frm primary level has been in English!
Could you comment on this also any idea abt the scholarhips or waivers??
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shawn.hk

Joined: 31 Aug 2007
Posts: 45
HKUST placement prospect
Sat Oct 27, 2007 08:17 AM
Thanks for the link it was indeed helpful!! The feeling what i got from a few blogs which i have got is that - One has to be proficient in mandarin that too professional grade to get a job in Hong Kong!! I dont know how easy or difficult is tht, but My education rite frm primary level has been in English!
Could you comment on this also any idea abt the scholarhips or waivers??


Mandarin helps of course, but anyone with good "soft/people/interpersonal" skills has a very good job prospects here in HK. The job market is absolutely booming over here, lately it has been the hedge funds which are opening satellite offices and recruiting. private banking is red hot, investment banking also - although for strict IB and research Mandarin is usually a pre-requisite, sales/trading, etc you can do without it.

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mara


Joined: 08 Apr 2007
Posts: 7
HKUST placement prospect
Mon Oct 29, 2007 05:23 PM
Are you saying that one can find a decent job in Hong Kong with English language skills only, without any knowledge of Mandarin?
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vasilijs

Joined: 21 Mar 2007
Posts: 37
HKUST placement prospect
Tue Oct 30, 2007 04:05 AM
Are you saying that one can find a decent job in Hong Kong with English language skills only, without any knowledge of Mandarin?


YES. Approximately 50% of HKUST MBA class do not speak Cantonese or Mandarin (this is approximately the figure for my class now, and this was approximately the figure for the last year class), and still find a job in Hong Kong - a decent job in Hong Kong, including IB and Consulting. According the the previous year class experience, only about 30% of jobs offered to MBA level applicants require proficiency in Chinese. The remaining 70% do not.
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shawn.hk

Joined: 31 Aug 2007
Posts: 45
HKUST placement prospect
Tue Oct 30, 2007 10:16 AM
Are you saying that one can find a decent job in Hong Kong with English language skills only, without any knowledge of Mandarin?


provided you have good interpersonal skills, yes - you absolutely can get a good job in HK with English only.
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madhu

Joined: 29 May 2007
Posts: 35
HKUST placement prospect
Mon Dec 03, 2007 02:43 PM
any update on salaries for this years class?
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shawn.hk

Joined: 31 Aug 2007
Posts: 45
HKUST placement prospect
Sun Dec 09, 2007 01:26 AM
any update on salaries for this years class?


talking to HR people and recruiters in HK, you will find out that HKUST is the first place they contact with their openings and lately these one and off positions must be good, as more and more top notch Finace firms are opening offices in HK, you might even get lucky in Shenzhen with some language skills, VCs are settting up there big time.

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raj_81

Joined: 15 Dec 2007
Posts: 7
HKUST placement prospect
Sun Dec 16, 2007 09:11 AM
Hello,
Indian interested in doing MBA in HOng Kong, can you please talk more about HKUST?
Raj
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carlkk

Joined: 02 May 2008
Posts: 8
HKUST placement prospect
Fri Jun 06, 2008 07:34 PM
copernicus,


What do you have to say about this?

onwardtomba.blogspot.com/2008/05/insead-vs.html

I've been a watcher of HKUST debates on this site, and was always a bit worried about the high HKUST slant. Now it would be interesting to go back to all the debates with this information and justify it....how exactly is a school 1/10th the size of INSEAD and 1/2 the annual salary even in finance be actually better?? I'm curious....we don't need to debate. Just look at the black n' white comparison this guy did...
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Thomas


Joined: 03 Jun 2008
Posts: 75
HKUST placement prospect
Fri Jun 06, 2008 07:46 PM
HKUST is a great school, as long as you are looking for jobs in Hong Kong and China.

INSEAD belongs to another higher league, INSEAD Asia or Europe campus share the same ranking and the students do exchange terms with one another. It offers a lot more competitive salary package and much more well known than the earlier.

Kind regards,
Thomas
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carlkk

Joined: 02 May 2008
Posts: 8
HKUST placement prospect
Sat Jun 07, 2008 12:25 PM
I'm having a lot of fun reading all this again...look at this - it exactly takes statistics from schools own reports and compares them, great stuff and very useful to ppl who wants to compares the schools.

onwardtomba.blogspot.com/2008/05/insead-vs.html

compares INSEAD with HKUST ... this guy must have read comments from the HKUST boys on this read. It's exactly what some of us were looking for when we came to this thread only to be repeatedy told how good HKUST is...now when I see this report...I see the difference more clearly.

its a good learning not to talk too much without understanding the reality or researching it enough. i posted this in other thread as well - am very curious to see what globetraveler/copernicus/analyst (they might be same person from HKUST!) have to say because they are very active on this topic. and me folks...am coming close to a decision...maybe USA...

HKUST is a great school, as long as you are looking for jobs in Hong Kong and China.

INSEAD belongs to another higher league, INSEAD Asia or Europe campus share the same ranking and the students do exchange terms with one another. It offers a lot more competitive salary package and much more well known than the earlier.

Kind regards,
Thomas
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copernicus


Joined: 25 Mar 2007
Posts: 81
HKUST placement prospect
Fri Jun 20, 2008 02:10 PM
copernicus,


What do you have to say about this?

onwardtomba.blogspot.com/2008/05/insead-vs.html

I've been a watcher of HKUST debates on this site, and was always a bit worried about the high HKUST slant. Now it would be interesting to go back to all the debates with this information and justify it....how exactly is a school 1/10th the size of INSEAD and 1/2 the annual salary even in finance be actually better?? I'm curious....we don't need to debate. Just look at the black n' white comparison this guy did...


Hi Carl somehow i missed this before.

I can bet you that salaries for the top 10 or 15% of this year's graduating classes at HKUST and Insead will be about equal, with those at HKUST at no more than 10% less than those at Insead.

As for the other 85 or 90% of the class, HKUST can not compete with Insead for now, as profiles of incoming HKUST students are inherently weaker, but that is improving every year.
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entiendes

Joined: 10 Jul 2008
Posts: 3
HKUST placement prospect
Fri Jul 11, 2008 08:12 AM
copernicus,


What do you have to say about this?

onwardtomba.blogspot.com/2008/05/insead-vs.html

I've been a watcher of HKUST debates on this site, and was always a bit worried about the high HKUST slant. Now it would be interesting to go back to all the debates with this information and justify it....how exactly is a school 1/10th the size of INSEAD and 1/2 the annual salary even in finance be actually better?? I'm curious....we don't need to debate. Just look at the black n' white comparison this guy did...


Hi Carl somehow i missed this before.

I can bet you that salaries for the top 10 or 15% of this year's graduating classes at HKUST and Insead will be about equal, with those at HKUST at no more than 10% less than those at Insead.

As for the other 85 or 90% of the class, HKUST can not compete with Insead for now, as profiles of incoming HKUST students are inherently weaker, but that is improving every year.


when is the new salary report coming out, any idea?
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SebDouglas

Joined: 19 May 2008
Posts: 23
HKUST placement prospect
Sat Jul 12, 2008 02:16 PM

According to HKUST website:
Graduates working in Hong Kong reported an average salary of HK$560,154 per annum (US$72,000); those working overseas received an annual average salary of US$57,202 while those in Mainland an annual earnings of RMB 403,000 (US$53,260). Nearly 45% of our graduates were made offers that were at least three
times the salary they earned before their MBA.

But I'm not sure that making a direct comparison between salaries really makes sense when you're talking about Asian/American markets. Surely whats more important is the massive shifts in global economics that will be taking place in the next 10-20 years?
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shawn.hk

Joined: 31 Aug 2007
Posts: 45
HKUST placement prospect
Sat Jul 12, 2008 05:10 PM
US$53,260 for Mainland China placements, thats actually pretty impressive. People after CEIBS get US$35-40,000, if that. I wonder what that "overseas" figure refers to, probably not US nor UK.
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