![]() ![]() make technological superiority important national objectives, channeling increasing amount of support toward research and innovation, as well as data security. The battle for talent even transcends business as China and the U.S. estimates.īut quant funds are also competing for hires with Internet titans from TikTok owner ByteDance to Alibaba Group Holding Ltd., and global hedge funds including Bridgewater Associates LP and Citadel LP. Assets at such funds in China have jumped tenfold compared with four years ago to exceed 1 trillion yuan ($155 billion), according to Citic Securities Co. Graduates are in particular demand at funds which use computer models to trade, which have been lifted by inflows from rich individuals in the world’s second-biggest economy. that often leads to opportunities at global companies or even staying in America, some of the nation’s best and brightest are choosing to stay home. Rather than aspire to an education in the U.S. both in terms of knowledge and financial return,” said 23-year-old Zhou.įor elite students in artificial intelligence and computer science, companies like Ubiquant offer triple the $100,000 sticker price for freshly minted college graduates on Wall Street, illustrating a shift in global financial hiring driven by the pandemic and rising emerging market wealth. “The benefits of staying in this job far outweigh those of studying in the U.S. After a year, Zhou became a permanent employee, giving up his enrollment at Johns Hopkins University. In the end, the Peking University graduate chose Ubiquant, a local hedge fund managing $8 billion of assets which is offering top college leavers annual salaries of as much as $300,000.
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