China Hedge Funds Pay $300,000 to Beat Wall Street to Best Graduates

China Hedge Funds Pay $300,000 to Beat Wall Street to Best Graduates

(Bloomberg) -- When computing major Garen Zhou deferred his studies in the U.S. because of the pandemic, he applied for internships at China’s biggest internet companies.

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. After a year, Zhou became a permanent employee, giving up his enrollment at Johns Hopkins University.

“The benefits of staying in this job far outweigh those of studying in the U.S. both in terms of knowledge and financial return,” said 23-year-old Zhou.