I've been headhunted for an Associate position on the principal investment side with a US bank in HK. I've 4-yr investment work experience in China, graduated in top percentile of a top 5 US college. Asian, fluent in English and Mandarin. My prior experience is not with an IB but more of an in-house inv role within a foreign corporation with extensive investments in China. Pretty similar to what the PE funds do.
This is likely to be a second yr Associate position.
Is asking for 120K USD p.a. in the right range and is it reasonable to ask for housing allowance on top of that? Or assuming that the housing allowance doesn't materialise, I think it makes sense to not ask for housing to be separately accounted for as this would reduce my base pay i.e. future bonus, even if I save some taxes.