Miscellaneous News

CasualObserver

CasualObserver

Junior Member
Registered Member
_killuminati_ said:
The deluge of international Indian students in Canada went largely into community colleges where Chinese international students were mostly always absent. Chinese intl students went to universities always, where the Indian deluge never went.
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There is a surprisingly large amount of Chinese students in Germany, as a random example.
 
FriedRiceNSpice

FriedRiceNSpice

Major
Randomuser said:
I guess it just means we have to reassess the usefulness of GDP per Capita then if it's not reflecting reality that well. Especially since a lot of that GDP is from bs like health insurance and rent.

Assuming one has a specialized skill after going overseas, right now is a very good time to go back to China to work since they are pouring in money into STEM related companies like semiconductors and AI. Given lower cost of living, the take-home pay might be very high relatively. And if you manage to create your own company that makes it big, you will be rich in a way that the US could never offer you.
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For individuals with competitive enough skills and the ability to stomach 996, opportunities are absolutely better in China. Senior level engineers at ByteDance/Huawei/Tencent/Alibaba/Baidu can earn upwards of 2M RMB and these companies often also provide additional subsidies and benefits including housing. Basically in current generation of Chinese working in US, you hardly see anyone with degrees from 985. The Chinese choosing to stay and work in the US for the most part were unable to get into competitive universities/companies in China, and they still represent the best talent in the US. On the other hand, overwhelming majority of IIT graduates from India are working for US big tech, and the flood of H1-B workers from India combined with outsourcing to India has been exerting significant downward pressure on compensation in US big tech over the past 2 years. In FAANG, there has been a disturbing trend of laying off tenured engineers to replace them with either outsourced labor or new H1-B workers from India at lower compensation levels. Unfortunately for FAANG, a lot of these new engineers don't really know anything about engineering outside of grinding LC.

_killuminati_ said:
The deluge of international Indian students in Canada went largely into community colleges where Chinese international students were mostly always absent. Chinese intl students went to universities always, where the Indian deluge never went.
Click to expand...
About a decade ago, I knew plenty of Chinese international students that were studying in community colleges here. For the most part, they were the spoiled type that drove $80,000 cars to school to take their basic English classes and whom didn't really like to study. They just needed to get some kind of degree so they can go back to China and work in their family's businesses.

As far as undergraduate degrees go, US degrees are no longer preferred as much today in China as they were a decade ago. Apart from a handful of the most prestigious and selective Western institutions, 985 degrees are the highest in demand in China today, followed by degrees from tier 1 Western universities then 211 universities. Other degrees from either overseas or China are largely going to be non-competitive.
 
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Randomuser

Randomuser

Captain
Registered Member
FriedRiceNSpice said:
For individuals with competitive enough skills and the ability to stomach 996, opportunities are absolutely better in China. Senior level engineers at ByteDance/Huawei/Tencent/Alibaba/Baidu can earn upwards of 2M RMB and these companies often also provide additional subsidies and benefits including housing. Basically in current generation of Chinese working in US, you hardly see anyone with degrees from 985. The Chinese choosing to stay and work in the US for the most part were unable to get into competitive universities/companies in China, and they still represent the best talent in the US. On the other hand, overwhelming majority of IIT graduates from India are working for US big tech, and the flood of H1-B workers from India combined with outsourcing to India has been exerting significant downward pressure on compensation in US big tech over the past 2 years. In FAANG, there has been a disturbing trend of laying off engineers to replace them with either outsourced labor or new H1-B workers from India at lower starting compensation levels.


About a decade ago, I knew plenty of Chinese international students that were studying in community colleges here. For the most part, they were the spoiled type that drove $80,000 cars to school to take their basic English classes and whom didn't really like to study. They just needed to get some kind of degree so they can go back to China and work in their family's businesses.

As far as undergraduate degrees go, US degrees are no longer preferred as much today in China as they were a decade ago. Apart from a handful of the most prestigious and selective Western institutions, 985 degrees are the highest in demand in China today, followed by degrees from tier 1 Western universities then 211 universities. Other degrees from either overseas or China are largely going to be non-competitive.
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I think there are still a lot of top Chinese talent who then did their masters at MIT or something and are working for stuff like Google or quant funds.

Problem however is they know they will never make it to the top due to racism and Indian nepotism had already gotten there. So they will use their talent to open their own firm back home. That's probably the worst case scenario for the US.

That's literally the story of TSMC and they're supposed to be an ally to the States.
 
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FriedRiceNSpice

FriedRiceNSpice

Major
Randomuser said:
I think there are still a lot of top Chinese talent who then did their masters at MIT or something and are working for stuff like Google or quant funds.
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Research is a whole different story, these are people with PhDs from MIT far more often than masters. For each applied scientist/research/quantitative researcher you need 20-50 solid engineers. You are talking about the top 0.01% of talent for which positions throughout the world are quite limited. In China there is limited demand for quant research in private industry at the current time. The absolute top tier talent in US end up in private equity / trading shops, not tech companies.
 
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