Getting MBA worth? - Page 8 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Education and Personal Growth

Education and Personal Growth Schools, further studies, getting ready for employment, and motivation stuff




Getting MBA worth?

Reply
 
Thread Tools
  #71 (permalink)  
Old 07-03-2012, 09:22 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
To clarify, there are more roles in an IB than the typical corporate finance role.

As an engineer, you may have an advantage if you apply for more quant roles (e.g structurer, trader) Or, apply for an investment research role covering tech sector. In my team, half of them are engineers. Other half are grads with finance discipline. No one has a MBA. As the MD puts it, he doesnt have one and doesnt think it necessary to have one in our role.
I agree that mba is not needed from a knowledge perspective, and what u said makes sense for undergrad engineering students. But if u r already working as an engineer for a few yr, hard to see how u can navigate a mid career shift into one of the roles u mentioned above w/o a mba.

Reply With Quote
  #72 (permalink)  
Old 16-03-2012, 11:35 AM
Unregistered
Guest
 
Posts: n/a
Default

I can't resist but to say my 2 cents.

I'm an engineer who also got my MBA last year. Intially, I also have the aspiration to join IB etc for the $. But then I realize, it's an uphill battle. I decided to pursue doing what I am doing (procurement) and move into a banking institution. Pay is good. Better than outside. A D in IB can earn high 6 digits. The D in my department i guess earn half of that but still, a pay check of that amount still makes life comfortable. You may not drive a Bently but I'll still settle for a BMW or Jag. Plus you have less stress and you get to spend more time with your kids. If any retrenchment going on, IB goes first as we are the ones that save money and makes the whole system ticks. Moreover, the interview is less rigourous. You don't have to sit for test. Just need to know your stuff well and how to relate

Reply With Quote
  #73 (permalink)  
Old 16-03-2012, 11:40 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I can't resist but to say my 2 cents.

I'm an engineer who also got my MBA last year. Intially, I also have the aspiration to join IB etc for the $. But then I realize, it's an uphill battle. I decided to pursue doing what I am doing (procurement) and move into a banking institution. Pay is good. Better than outside. A D in IB can earn high 6 digits. The D in my department i guess earn half of that but still, a pay check of that amount still makes life comfortable. You may not drive a Bently but I'll still settle for a BMW or Jag. Plus you have less stress and you get to spend more time with your kids. If any retrenchment going on, IB goes first as we are the ones that save money and makes the whole system ticks. Moreover, the interview is less rigourous. You don't have to sit for test. Just need to know your stuff well and how to relate
Man. I got side tracked. And yes, MBA helps in securign the post. Else, they won't even want me as I have no industry experience. With everyone nowadays studying masters, degree value is diluted. Do the maths

Reply With Quote
  #74 (permalink)  
Old 17-03-2012, 10:53 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I can't resist but to say my 2 cents.

I'm an engineer who also got my MBA last year. Intially, I also have the aspiration to join IB etc for the $. But then I realize, it's an uphill battle. I decided to pursue doing what I am doing (procurement) and move into a banking institution. Pay is good. Better than outside. A D in IB can earn high 6 digits. The D in my department i guess earn half of that but still, a pay check of that amount still makes life comfortable. You may not drive a Bently but I'll still settle for a BMW or Jag. Plus you have less stress and you get to spend more time with your kids. If any retrenchment going on, IB goes first as we are the ones that save money and makes the whole system ticks. Moreover, the interview is less rigourous. You don't have to sit for test. Just need to know your stuff well and how to relate
Cool story . How did u manage to land interviews, internship and eventually your job. I hv a few engr friends who are struggling just to get an interview for an internship .
Reply With Quote
  #75 (permalink)  
Old 17-03-2012, 04:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I can't resist but to say my 2 cents.

I'm an engineer who also got my MBA last year. Intially, I also have the aspiration to join IB etc for the $. But then I realize, it's an uphill battle. I decided to pursue doing what I am doing (procurement) and move into a banking institution. Pay is good. Better than outside. A D in IB can earn high 6 digits. The D in my department i guess earn half of that but still, a pay check of that amount still makes life comfortable. You may not drive a Bently but I'll still settle for a BMW or Jag. Plus you have less stress and you get to spend more time with your kids. If any retrenchment going on, IB goes first as we are the ones that save money and makes the whole system ticks. Moreover, the interview is less rigourous. You don't have to sit for test. Just need to know your stuff well and how to relate
High 6 digits is 999,999. Or do you mean high 5 digits?
Reply With Quote
  #76 (permalink)  
Old 17-03-2012, 11:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Cool story . How did u manage to land interviews, internship and eventually your job. I hv a few engr friends who are struggling just to get an interview for an internship .
I joined as experience hire. Less than 8 years exp in my field.

1. Never give up. Keep trying. Your chances to be noticed is 1/20. Not that bad as long as you have experience. Will be good to have referral, that's when MBA course helps as MBA tends to have quite a number of finance people.

2. I had the fortune to be in 2~3 industries doing the same function. So I shot down immediately any excuse relating to 'no background experience in finance' as I have proven my adaptability.

3. Be passionate about your work.

Quote:
Originally Posted by Unregistered View Post
High 6 digits is 999,999. Or do you mean high 5 digits?
It's annual package and not monthly salary.
Reply With Quote

  #77 (permalink)  
Old 21-03-2012, 05:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Any idea whether MBA in NUS/NTU/SMU/INSEAD accepts Degree with only a 2nd lower/3rd class hons?


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iPhone


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #78 (permalink)  
Old 21-03-2012, 05:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Any idea whether MBA in NUS/NTU/SMU/INSEAD accepts Degree with only a 2nd lower/3rd class hons?
Your bachelor degree matters for little unless 1)you have no working experience, 2)little selling point, 3)degree obtained from correspondence studies.

2nd lower/3rd class/no honours doesn't matter when it comes to entry to B-school.
Reply With Quote
  #79 (permalink)  
Old 21-03-2012, 05:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Your bachelor degree matters for little unless 1)you have no working experience, 2)little selling point, 3)degree obtained from correspondence studies.

2nd lower/3rd class/no honours doesn't matter when it comes to entry to B-school.
Im studying Materials Engineering in a local U and completing it next year. Intending to take an MBA maybe 3 years after work to get out of engineering badly because i have no interests in engineering stuff
Reply With Quote
  #80 (permalink)  
Old 21-03-2012, 06:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Im studying Materials Engineering in a local U and completing it next year. Intending to take an MBA maybe 3 years after work to get out of engineering badly because i have no interests in engineering stuff
Why not you do non engineering base job when you grad from your degree? Fresh grad can go anywhere quite easily due to zero experience and typically 'cheap' labour. That way you can add value to yourself when you do your MBA.
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
Whats your net worth Avatar Investments and Net Worth 2688 26-02-2020 02:45 PM
Net worth? Mine is negative. debt Investments and Net Worth 31 12-05-2014 12:57 PM
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 15 20-06-2013 02:58 PM
What is an Oxbridge degree worth nowadays? pstarz Education and Personal Growth 20 06-02-2011 02:16 AM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
9,102 Replies, 5,269,907 Views
Our Poll Results: 45% Fresh... ( 1 2 3)
23 Replies, 14,815 Views
Career as Teacher ( 1 2 3... Last Page)
2,299 Replies, 1,464,464 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,687 Replies, 1,010,163 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
44 Replies, 8,546 Views
Marsh Graduate Development Program ( 1 2)
13 Replies, 933 Views
Insurance Management Associate... ( 1 2 3)
21 Replies, 11,480 Views
Fresh Grad from local U cant find... ( 1 2)
19 Replies, 1,933 Views
Save A LOT on your Vitamins
5 Replies, 3,064 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3)
20 Replies, 1,764 Views
Which degree is the best return on... ( 1 2 3... Last Page)
69 Replies, 13,698 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,572 Replies, 1,215,574 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
877 Replies, 715,088 Views
Lawyer Salary ( 1 2 3... Last Page)
4,949 Replies, 2,179,802 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
243 Replies, 73,184 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
659 Replies, 324,451 Views
Singtel Management Associate... ( 1 2 3... Last Page)
123 Replies, 79,457 Views
No progression in civil service... ( 1 2 3... Last Page)
38 Replies, 20,677 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,867 Replies, 3,643,637 Views
[advice] Recruitment agency...
5 Replies, 589 Views
is computer science a good choice... ( 1 2)
10 Replies, 938 Views
Apple background check hireright
9 Replies, 518 Views
Apple Grading Analyst - Siri
0 Replies, 123 Views
Anyone heard of being a ship... ( 1 2 3... Last Page)
76 Replies, 172,116 Views
Job offer from Apple ( 1 2 3... Last Page)
390 Replies, 69,184 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
100 Replies, 120,209 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,080 Replies, 842,508 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,966 Replies, 1,796,717 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:17 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2