eFinancialCareers

(There's no "Answer" section in eFC HK, so I hope people here could give me some advice. Thank you.) I grew up and educated in China Mainland, but won an opportunity to work in Hong Kong after graduated last year. I am now in a graduate rotation program of a very large US commercial bank, however, my ideal job is Equity Research. I have applied to some US bulge brackets in the past few months. Some of them did give me very positive feedback on my resume and interview performance, but they also suggested I might need to wait until 2009 because there was no headcount for entry level people like me under current climate. Now here's my problem. I have just received an offer of a Research position based in Hong Kong from a Chinese securities company. It's a very reputable and large company in China. In many cases, thanks to the local expertise, it has even beaten the US bulge brackets and did lots of deals for the Chinese companies in both domestic and oversea markets. I always believe, as a Chinese, my strength is from my Chinese background. I'd like to work for this Chinese company, but... I also hear people say I should start from those US bulge brackets after all they dominate the financial world. I totally understand this and I would like to have some experience in those bulge brackets. But given the market situation, what should I do? shall I accept the offer? at least to have some Research experience? or... stay with my graduate program in the commercial bank? if so, would it be difficult if I want to switch to Equity Research? Any suggestion is greatly appreciated!