Chinese Bank recruits only Harvard and MIT students as interns
China Development Bank has begun talent hunt for its summer internship program. But according to its official website, the program only targets current students at Massachusetts Institute of Technology and Harvard University in the United States.
The internship post also says academic majors of prospective interns include finance, financial engineering, management, accounting, economics, statistics, linguistics, law, energy, naval architecture, environmental science, computer science, engineering and so forth.
It was first noticed by a Twitter user zhangjialong, and then retweeted by Zhao Jing, a Chinese media commentator who goes by the pen name Michael Anti. Anti wrote in his retweet, “Is the internship tailored to princelings?”
Princeling refers to a child with the most impressive Chinese Communist Party pedigree. Because of resources and privileges available to children brought by their families’ political clout, they, most of whom were educated at world’s top universities, including Harvard University, often have exclusive access to plum jobs and powerful political positions.
The daughter of Xi Jinping, the heir apparent to Chinese presidency, is now a student at Harvard University; the son of former foreign minister Li Zhaoxing graduated from Harvard Business School, to name but a few.
This also shows how much U.S. education is revered in China, as is explained in another MiniTofu story: In China, U.S. education becomes a selling point, and an incentive to lie
China Development Bank is a financial institution under the direct jurisdiction of the Chinese State Council. As a bank owned by the government, it is the China’s biggest foreign investment and financing bank.