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Business Maverick: Hong Kong talent pool drained further as graduates join exodus

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The Chinese territory has seen an exodus of experienced financial professionals. Now junior talent for investment banks and law firms is also harder to find and retain.

Hong Kong recruiters are struggling to hire overseas graduates for the financial services and legal industry in another sign the Asian hub is losing its lustre.

Among those leaving Hong Kong is 21-year-old Goldman Sachs analyst Sparsh Singhal, who is relocating to Singapore just one year after graduating so he can visit his family in Indonesia without the hassle of quarantine. “I didn’t really want to leave Hong Kong,” he said. “But every time I think of going back to visit my family or they think about coming here, quarantine just takes up all of our leave.

With many graduates now deciding to pursue opportunities overseas or return home, that’s posing problems for recruiters. “This has been the worst year,” she said, contrasting the current lack of supply with 2018 and 2019 when “fresh graduates were all over job ads”.

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