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China bankers replaced by tech PhDs as Xi sparks new fund talent war

In the quest for talent, venture capital firms are forced to get creative

Photo: Bloomberg
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Photo: Bloomberg

Coco Liu | Bloomberg
One in five Chinese youths can’t find a job. Oliver Jiang has to fight off employers with a stick. When the first-time job-seeker posted his resume on a recruitment website earlier this year, his inbox exploded and his phone buzzed non-stop. The 28-year-old doctoral grad spent the following month turning away suitors -- including one that promised him 15 months of pay a year -- before landing his dream job at a $600 million investment firm.

Jiang is one of the chosen few in China’s rapidly evolving finance sector: a PhD in electric vehicle technology. This kind of methodical researchers steeped

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First Published: Oct 27 2022 | 11:58 AM IST

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