The Hong Kong Hunter: I love equity research so why can’t I get a job in it?

In the second of his “Hong Kong Hunter” series, our new candidate-columnist explains why he’s so desperate to find an equity research role. If you haven’t read his previous article, click here.

I was lucky enough to discover my true career calling while still at university. In my second year, I participated in my college’s student foundation, an organisation which raises funds to create scholarships through equity investments.

It was an eye-opening experience for me to discuss and analyse different business models with peers and professional investment advisors. It also gave me a sense of what the workforce would be like.

One of my peers in the foundation, who worked as a Starbucks store manager for more than two years, talked to us about the coffee chain’s revenue model and its unique selling point for business people: providing a central-city meeting place which is less expensive than a hotel.

From this I realised that understanding a business is not purely a matter of number crunching but a combination of both numeric and strategic information.

After leaving university, like many college graduates who were looking for a financial-services job, I naively applied for a full-time role without any prior or related experience.

For some unknown reason, neither an investment bank nor a Big Four accounting firm had visited my colleague to discuss recruitment, even though two department professors were awarded Nobel Prizes that year. All I knew was that I needed to get myself in the door. And this meant getting some sound experience and practical knowledge.

I therefore started to intern at a local brokerage house as an office assistant. Although this role might sound trivial to many people, I managed to learn a lot of basic but essential skills (in particular people skills) which helped me as I began my proper career in equity research.

But (as I wrote in my previous article), after doing so much to break into equity research, last year I was forced out of the sector that I love so much. I’m now working as a tax account for a Big Four firm.

You’re probably asking yourself ‘how can someone get so passionate about working in the research field?’ Well, although the job frustrated me from time to time, I enjoyed working with people with vitality of spirit and creativity. We thrived on a common goal: to generate superior returns for the company.

During my time in the funds industry, I felt a sense of pride in my research work because I thought I was doing well, not only for my employer, but also for my own reputation in the industry.

More importantly, I was given the opportunity to interact and communicate effectively with a cross-section of talented people, which I found to be the most valuable experience of my early career. I also learnt to translate difficult concepts into simple ones. I classify these as lifelong skills.

Being out of the sector isn’t easy. The only thing that’s keeping me going is that I loved what I did. And I want to rejoin the game as soon as I can!

Comments (2)
  1. Job availability isn’t related to ones love for one!

  2. My true calling is to fly to the moon, but there aren’t many seats on that train.

React

You can react by using a display name and your personal information will not be displayed.

Tell us your news

Email the editor with your feedback, news, tips or topics.