china trek faqs on living and working in china

Samuel Curtis Johnson Graduate School of Management at Cornell University

China Trek Beijing Shanghai

December 19th to 24th

Samuel Curtis Johnson Graduate School of Management at Cornell University

Samuel Curtis Johnson Graduate School of Management at Cornell University

Details of the China Trek

• December 19th to 24th (tentative) • Shanghai and Beijing• Focus:

– Consulting– MNC– PE/VC

• Estimated cost $1,500 to $2,000 includes:– Airfare– Hotel & Transportation– Food

Companies to visit

In the process of contacting alums at:

MNC Consulting PE/VC

McKessonAir ProductsJ&JSC JohnsonHoneywellJA SolarYingli Energy

Bain ConsultingMcKinseyLEKArthur D. LittleAT Kearney

CXC CapitalEvolution Capital Advisory

The beginning of your first steps into China

Samuel Curtis Johnson Graduate School of Management at Cornell University

Frequently Asked Questions

Samuel Curtis Johnson Graduate School of Management at Cornell University

I am not Chinese, will it be impossible for me to do business in China?

• Not impossible.

• Difficult as with any foreign country.

• Long history of foreigners doing business in China.

Samuel Curtis Johnson Graduate School of Management at Cornell University

What if I don't speak Chinese?

• Difficult, not impossible.

• English friendly environments common.

– English as written communications common.

– English fluency within MNCs is widespread.

• Wide variety of Chinese language studying options available.

Samuel Curtis Johnson Graduate School of Management at Cornell University

Will it be hard to network and advance as a foreigner?

• Many opportunities for professional networking.• US Ivy League MBA education makes you interesting.

Samuel Curtis Johnson Graduate School of Management at Cornell University

Will it be tough living in China as a foreigner?

Samuel Curtis Johnson Graduate School of Management at Cornell University

I’m interested in investment banking, what about us?

2010From Seeking Alpha

2009From thestreet.com

• The biggest IPO ever is:• Surpassing the second biggest IPO:

Agricultural Bank of China ($19.2B)

Industrial and Commercial Bank of China ($19.1 B)

Samuel Curtis Johnson Graduate School of Management at Cornell University

But what are the downsides?

• Possible large asset bubble, especially

in real estate and stocks.

• Widening income gap leading to social

instability.

• Political instability domestically and

internationally.

Samuel Curtis Johnson Graduate School of Management at Cornell University

And the pollution…

• It’s pretty bad.

Samuel Curtis Johnson Graduate School of Management at Cornell University

Come to China