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Working in JP MorganHong Kong
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Diverse Ethnic interact with American, Hong Kong Local, Japanese, British, Chinese Bosses. ... Magazines emphasis the riches and the beauties ... – PowerPoint PPT presentation
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Title: Working in JP MorganHong Kong
1
Working in JP
Morgan/Hong Kong
Shenzhen
- Summer 2005 Joy Tang
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Most buildings within 50 years old
Buildings with brands
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The City by the Ocean
Amazing Night Life, the city that never sleep
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Chinese New Year
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A Highly Compact City
One of the most expensive area in the world.
(NYC, Tokyo)
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Culture Structure in HK
English Speaking background, (Britain, Europe,
US, Australia)
Rich Locals (Mr. Lee )
Average Income HK Locals
Philippine/Indonesia maids
- History -- Britain Dominated for 100 years,
Reunion with China on Jul.1st.1997 - Diverse Culture Immigrants, tax free policy
- Horizontal in similar culture background
Language determine social class
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HK Culture ---
- When East meets West
- Insecurity -competitive
- Fast Pace
- Appearance Conscious
- Collectivism (resume book)
- Convenience -compact
- Social Hierarchy
- Fashionism
- worlds top hip-hop city
- Diversity Appreciation
- Money Driven
- Submissive
- Night Life
- Realistic
- Exaggerate Humor
- Friendly competition?
- Tropical city with No Sun
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Hong Kong Breakers
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JP Morgan/HK overview
- Compensation --Roundtrip air fairs, hotel (3
banks), dinners, 9,800USD /19wks, (47 interns, 1
Caucasian) - Divisions -- Investment Banking vs. Trading
(hours, efficiency), division presentations - Hours 8am-7pm, lunch break, market hours,
weekend off - Dress Business Casual/Formal
- Securities the Chinese Wall
- Training lessons
- Entertainment Programs horse racing, free
drinks, other bank receptions - Diverse Ethnic interact with American, Hong
Kong Local, Japanese, British, Chinese Bosses.
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JP Morgan Main Structure
Information Side
Me!
Chinese Wall
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Week Day Life
- Take free shuttle, taxi to work (only 20mins
away) - Central (Hong Kong Wall-street)
- Lunch with other interns (change restaurants)
- Change shoes, walk back. (observation business
man caring school bag?) - Gym (personal trainer, DVD players)
- Bank Cocktail Presentations (Goldman Sachs,
Morgan Stanley, Citigroup, CSFB, all female
cocktails) - Sleep (small room, big bed)
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The Trading Floor
3 screens 1 mic 2 phones 2 keyboards 20 broker
buttons Huge TV Ocean View Shouting at each
other Silent on weekends Traders, Sales,
Strategist side by side.
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Entertainment Commercialism
- Clubbing -- Lan Kwai Fon Street, Dragon-i club
(GS), model night, no age restriction for alcohol
- Shopping tax free, brands, heaven of shopping,
harbor city - Dining diverse, fast but not fast food
- Karaoke
- Magazines emphasis the riches and the beauties
- Movie same release schedule as US, Hong Kong
Hollywood
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Sightseeing Asia Orlando
- Disneyland
- Ocean Park
- Star Ferry
- Victoria Peak
- Buddha Mountain
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