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Old 21-06-2015, 09:39 PM
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Just like Law, the market for Finance isn't all that good too. Only a few sectors are still not too bad currently, such as Compliance and Private Wealth Management.

Compliance: All the regulatory standards that were recently implemented have been driving the demand for compliance executives up. Salaries have gone up quite considerably over the past few years. However, a thing to note is that this has been happening since ~5 years ago. Many banks have been recruiting and training heavily (e.g. Credit Suisse's Compliance Practicum), hence increasing the supply to the market over the past years. Not sure what the market would be like in the years ahead.

Private Wealth Management: The increasing number of rich people in Asia have driven the demand for Wealth Management executives up. However, to qualify, you would typically need to possess the characteristics for this (reasonable looks, communication skills, financial literacy and client servicing skills). Furthermore, you would usually need to have, or to be able to obtain, a large network of rich people; this is something which many fresh graduates are unable to achieve, unless they are born into a wealthy family with huge connections. And lastly, the 'RoboAdvisors' phenomenon seem to be starting to shake up this segment of the financial industry.

TL;DR: The Finance industry, just like the Law industry, may not be very pleasant currently. Think and research carefully before you leap.


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