"Investment Banking position" or "Portfolio Manager"? Which one is better for my next step of career pursuing?

I had worked as an equity analyst for ten years in Asia, and then I got my MBA degree last year. I am thinking of Investment Banking or Portfolio Management to be my next step of career pursuing area. It seems like my previous working experience is more related to portfilio manager since I started to lead a team of analysts to evaluate all kinds of investment projects three years ago. However, I am interested in IB area and would like to learn more other than public stock market. Could someone give me some ideas or suggestion?

More will depend on where you work as oppossed to your choice of titles, but here's my best take on your question.

An entry level Investment Banker is expected to work 12+ hour days (and more when a deal is closing) and will not be given any "glamour" assignments. Expect to spend a lot of time checking numbers and gathering data. And don't make any mistakes, or you will very likely find yourself back on the street. You don't mention where you got your MBA, but unless it was from one of the top 3 schools (Harvard, Wharton, (Yale, Stanford, MIT tie for 3rd place)), then it isn't going to open any doors. A top IBanker works for Goldman Sachs, puts in 2-3 years of 24/7 work, and (if he survives) can make a good deal of money.

Based on the text of your question (broken English, poor grammar), and the fact that you're even asking the question, tells me that you probably didn't get your MBA from Harvard, and, in that case, I'd go the Portfolio Manager route. Your Asia experience is very valuable, as Asia is booming, and every big shop wants to hire someone who can speak Chinese and/or manage a portfolio of Asian securities.

If you want the biggest bang for your buck, I'd start by contacting the biggest hedge funds. Any quantitative/ programming skills you have will be a big plus. Try looking at www.hedgefund.net, or search the AIMR/ CFA website job boards to get contact info.

If you want more security, then you can contact any of the bif brokerage houses (Merrill, Lehman, etc), or the big banks, especially those based in San Francisco (Wells, Barclays, etc).

Good luck, and remember me when you get rich.

considering your background and the current and future upsurge in the asian markets i would go into portfolio management, It appears the sky is going to be the limit as the dow is falling here,, chinas market is growing