I am having a bit of a dilemma. I have been searching for a job in HK on and off, but mostly off due to COVID, for some 18 months now (there are personal reasons I want to be there) and have received an offer. My pickle is that the role is tangentially related to what I really want to do, which is asset management (think the likes of Fidelity, Standard Life, Capital Group, etc.) - almost all of my experience is in this area. I'd also add the compensation including bonus is significantly less than what I would expect in asset management, though it's enough to have an okay life if I don't do my grocery shopping at Citysuper. The problem is that recruitment cycles in asset management can take as long as they need; to give an example, for one HK-based role, it took 4 months to go from applying to interviews and case study to the rejection email.
So my question is: how much of a benefit will I have in being based in HK for the job hunt? I understand that many jobs are found in the "hidden" market and that headhunters may not engage with someone who isn't on the ground. But others' perspectives would be much appreciated.