Seeking advise on a banking career from an overseas grad

Originally Posted by Unregistered

don try and act old bird like u know everything and look down on sim grads. it is very common to see sim grads in the investment banking, fund management and pte banking side doing well and making much more than the book worm exam smart local grads.

some investment banks prefer sim grads as they are more street smart and fast reaction compare to the rest

Who are you kidding? "Common" to see sim grads in IB FO? Please, name the bank where this is common.

yar i am also interested to know which bank is so common it hire 40% of their FO jobs from private university (inc. SIM)

My workplace(one of big 4 audit) population ratio is about 6 to 4 as well.

Originally Posted by Unregistered

My workplace(one of big 4 audit) population ratio is about 6 to 4 as well.

People talking about bank FO you talk about big4 audit company. Come on, everyone knows big4 just hire hundreds of fresh grads every year they can find on the street.

Their starting pay is so pathetic that it cannot even match most local bank BO private uni hire.

FO bulge brackets definitely only look for Ivy leagues.
Local banks FO have quite a mix of overseas pte plus local grads
Not all FO in any banks are like wall st/city of london

Originally Posted by Unregistered

don try and act old bird like u know everything and look down on sim grads. it is very common to see sim grads in the investment banking, fund management and pte banking side doing well and making much more than the book worm exam smart local grads.

some investment banks prefer sim grads as they are more street smart and fast reaction compare to the rest

The level of delusion here is high

U come out working world u will know.

Originally Posted by Unregistered

don try and act old bird like u know everything and look down on sim grads. it is very common to see sim grads in the investment banking, fund management and pte banking side doing well and making much more than the book worm exam smart local grads.

some investment banks prefer sim grads as they are more street smart and fast reaction compare to the rest

knn, even myself as an sim graduate feel disgraceful for you. you are way to deep in your own world. FO in BB hires only ivy league graduates and some lucky local scholars. FO in local and private banks hire mostly local hons. SIM graduates are mostly in mid (compliance/risk) or back office. With that said, doesn't mean SIM graduates are earning ****ing peanuts though.

I drew 3K for the first 6 months in back office. then after probation 3.5K excluding variable and 13th month bonuses. I'm not in a bank. lol.

Sorry for reviving a few months old thread, but I'm also an aspiring career switcher (into banking), but I want to move back to singapore. I attended UCLA for my undergrad and have about 7 years of civil engineering experience. I'm currently attending UCLA MBA part time and have a summer internship in corporate banking at Wells Fargo (not common in Asia, but it is the largest bank in the world by market cap). If they like me, they will bring me in as MBA associate next year. However, I want to go back to singapore since my family are from there.

What is the likelihood of getting a corp banking gig in sgp with only an internship in US? how about IB gig?

Originally Posted by Unregistered

Sorry for reviving a few months old thread, but I'm also an aspiring career switcher (into banking), but I want to move back to singapore. I attended UCLA for my undergrad and have about 7 years of civil engineering experience. I'm currently attending UCLA MBA part time and have a summer internship in corporate banking at Wells Fargo (not common in Asia, but it is the largest bank in the world by market cap). If they like me, they will bring me in as MBA associate next year. However, I want to go back to singapore since my family are from there.

What is the likelihood of getting a corp banking gig in sgp with only an internship in US? how about IB gig?

forget about it, imho

Another option available for me is to work at a mid size private equity after graduation since one of the partners is a family member, but they said I would have to start as an entry-level analyst since I don't have finance experience.

If you were in my place, what would you do? Mid-size PE in Sgp or BB corporate banking in L.A.?