Mid-career switch to banking and finance? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Mid-career switch to banking and finance?

Reply
 
Thread Tools
  #1 (permalink)  
Old 20-05-2007, 03:54 PM
Salary.sg
Guest
 
Posts: n/a
Default Mid-career switch to banking and finance?

Are you considering a mid-career switch to the lucrative finance sector? Thinking of becoming a private banker, or work as a financial analyst crunching numbers in an investment bank? Hoping for more money and big bonuses coming your way? Are you an engineer thinking of doing some finance courses (CFA, MFE, CMFAS, IFPAS, etc.)?

Think again. It's probably too late if you're already in your 30s. You should have started as a fresh graduate.

Even if you have all the "necessary qualifications", why should they hire someone with no relevant experience?

Even if you are prepared to take a pay cut and start from ground up, why should they favour you over the hordes of fresh graduates who can do back flips? Moreover, you still gotta unlearn what you pick up in your previous jobs, whereas the fresh graduates are perfectly malleable.

There are some interesting discussions on this topic in delphiforums.

http://www.salary.sg/2007/mid-career...g-and-finance/

Reply With Quote
  #2 (permalink)  
Old 18-12-2007, 03:29 PM
mi---
Guest
 
Posts: n/a
Default 666

is the finance industry really that lucrative now?

Reply With Quote
  #3 (permalink)  
Old 12-04-2010, 09:25 AM
Unregistered
Guest
 
Posts: n/a
Default

I switched from doing business development in technology companies to private equity/VC when I was 30. At that time I was too poor to do an expensive MBA but took part time programs to strengthen my knowledge in this sector. I eventually did do an Executive MBA with Chicago when I was 35 and went on to work in HK with one of the large IB. Still alive after the financial crisis, pay is good. My first degree was a Science degree, one of the lowest in the pecking order. Finance industry is a large sector, don't always look at IB and private banking.

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Take CFA for career switch? Salary.sg Education and Personal Growth 13 31-05-2010 02:26 PM
Short career in I-Banking Salary.sg Investments and Net Worth 3 25-02-2009 12:35 PM
Banking and Finance Jobs Preferred Salary.sg Income and Jobs 1 11-01-2008 02:02 AM

» 30 Recent Threads
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,401 Views
Career as Teacher ( 1 2 3... Last Page)
10,825 Replies, 6,663,112 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,179 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,799 Replies, 1,043,356 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,297 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,135 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,753 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,303 Replies, 4,982,118 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,768,649 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,453,505 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 308,888 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
678 Replies, 388,057 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,789 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,759 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,452 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,328,099 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,721 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,122 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,406 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,964 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,192 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,407 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,218 Views
MX12 reappointed at MX11
8 Replies, 775 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,261 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,857 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,929 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,406 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,461 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,266 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:26 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2