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Originally Posted by Unregistered
Investment banking is the crème de la crème within the banking industry and extremely difficult to get in. Just because many investment bankers are from Ivy League schools doesn't mean that most Ivy Leaguers are able to get into investment banking.
Those 8-figure annual packages that appear in the news are for very senior positions in Manhattan or The City and highly unlikely to be given to a Singaporean. The salaries of investment bankers here in Singapore aren't that fantastic, ranging from the mid-6 to 7-figures (per annum), which is comparable to the government admin service SR9 ($398k p.a.) to MR4 ($1.94m p.a.).
Despite the fact that many people tend to belittle our perm secs and admin service officers, they're precisely the type who fit the mould of an investment banker, both in terms of education background and calibre.
Hence instead of looking at the grass on the other side, which always appears greener, why not look within the civil service itself and try to get into the admin service?
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the thing is that the admin service is only available if you have stellar academic records among other things. Considering the fact that I am already not in the admin service, there is almost no way I can reach that sort of payscale within the govt sector.