Are you fluent in Mandarin? Are you a US graduate? If the answer is yes, you may think that you have what it takes to land a big job opportunity in china. Well, unfortuately, that's no longer enough.
Competition for entry-level jobs between Europeans, U.S, and Chinese banks is fierce. Even getting into Chinese universities has become tough. The philosophy is: Why hire a forein MBA for an arm and a leg when they have brilliant workers at home willing to work for 2/3 less? Fred Hu, managing director of Goldman Sachs Asia, says, "In China, if you're at the top, you truly are one in a million, or one in 5 million."
