Mr. Shangkong | From child to adult, the need to study never seems to end
Three education-related events this past weekend highlight the choices that we all must make as we struggle and seek to provide for our lives
For many people, the past weekend was about one thing - education. I am not talking only about the annual national college entrance exam on the mainland where even if you get a college degree, you can't stop studying completely.
Two other education events occurred. One was at the junior level and involved how to win a place for a child in a well-known primary school in Hong Kong - ideally, one not too far from their homes or they may spend hours on the road before they can even sit in their classrooms.
If you saw how many parents queued at primary schools early Saturday morning, you would know that education in Hong Kong is hardly a happy story.
While the Hong Kong media focused on the primary school story over the weekend, the other more challenging education story was largely ignored. Did you know nearly 150,000 candidates for the Chartered Financial Analyst qualification sat for the 2014 CFA exams at different locations around the world at the weekend?
To have a family member get into college is ... the last hope for the family to change its destiny
Many of them have ambitions of high-flying jobs in the financial services industry, such as research analysts at major investment banks with starting salaries at around US$100,000 a year. Perhaps they are seeking more senior jobs - such as chief financial officer - whose annual incomes could easily reach several million Hong Kong dollars.
In Hong Kong, more than 6,000 candidates took the Level 1, 2, and 3 exams for CFA qualifications on Saturday. On the mainland, the number of applicants was far larger - more than 25,000 - making it the biggest participant in terms of the origin of CFA candidates, or about 17 per cent of all CFA exam takers worldwide, according to the CFA Institute, the organiser of the exams.