Employers cannot expect to recruit and retain the top-tier talent that will allow them to compete globally with rock-bottom wages and college grads cannot expect that a four-year liberal arts education will be sufficient (or even necessary) to grant them access to the highly-paid careers of the next decade and beyond.
The top-tier investment banks have one talent that still commands huge fees: their brilliance at the life-or-death deal, such as a hostile takeover, a landmark privatisation or a public offering.
Besides the strong need for international talent to grow their businesses in China, they also require top-tier candidates for their businesses in international markets.