Recruiting in China

HONG KONG, April 1 (Bernama) -- More graduates of top business schools in Europe and the United States are turning to Hong Kong in search of work as Western countries struggle to emerge from the economic crisis, a school director said here Thursday.

In the past, New York and London were considered to be the cities of choice for top-notch MBA graduates.

But, since job markets in the West have slid downhill, the positive outlook for Asia -- with China as the region's economic growth engine -- has recently drawn more graduates to Hong Kong, an Associate Director at London Business School's career services recruitment team Richard Bland said.

He said dozens of graduates of London Business School, widely considered to be among the global top-five business schools, visited Hong Kong this week for unofficials meetings with figures at major financial institutions here, South Korea's Yonhap news agency reports.

Bland was in Hong Kong, arranging the meetings between the graduates and the eight financial institutions, which included Citigroup Inc.

Speaking to reporters, he said many students are starting to turn their attention to Asia, as it has rebounded rapidly from the financial crisis.

"Hong Kong has advantages over Shanghai or Beijing, as its sound financial system integrates China with the rest of the world," he added.