I am on the verge of relocating from Kuala Lumpur to Hong Kong. I have almost accepted a software programming position at a leading European bank’s private-banking IT team in Hong Kong. The position, (“QA and release manager”) itself looks very interesting and comes with decent salary and benefits. When you throw in the allure of living in one of the trendiest cities on earth, it is really tempting to move there. However, with the sudden market meltdown seen in the past few days, I am getting more anxious about accepting the job offer and moving there.
Would it be wise to move to Hong Kong now? What’s the ground reality in this sector (banking-IT) out there in Hong Kong? Have there been any unannounced lay-offs? Are banking-IT jobs more vulnerable, within banks, in bad times? They seemed to let a hint slip through that, in general, private-banking teams may not see brutal cuts in a downturn. Is that true?
I know my questions may sound vague (or insane ) and unanswerable. Yet, any help to share useful information that can aid me in my decision-making will be highly appreciated.
Thanks,
Ian