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  #1141 (permalink)  
Old 27-06-2022, 08:32 PM
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I really can't stand how many salty people are in this thread. If you are not in the field, please don't give wrong advices.

Yes being hardo is not good, but seriously all the high flyers in top firms all show the same quality: being very determined and committed. Joining investment clubs is not a sign that you are hardo, it means you are willing to do what it takes to achieve what you want.

And all the bankers I have met all share the same quality, they are people who are very focused and hardworking. Some may look chill, but they are all very hardworking folks. Seriously, noone can break into IB by just being a personable and interest person. My personal experience with my own colleagues and peers have been that most are definitely not happy-go-lucky people like you see in your bizad club who just rag and flag all day like it can make them money.

If you are in the field, please give right advice to your juniors. If you are not in the field, please stop telling wrong sugarcoated examples. I know you sugarcoat the reality cuz you definitely didn't make it into the field, hence the coping/defensive mechanism.
In banking, network > effort. That’s the truth.

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  #1142 (permalink)  
Old 27-06-2022, 09:18 PM
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In banking, network > effort. That’s the truth.
You know nothing bro. Among all my friends who made it into IB, none broke in using friends & family insider network.

If you're talking about attending networking events, cold-email, etc., well that's part of putting in the effort isn't it?

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  #1143 (permalink)  
Old 27-06-2022, 11:51 PM
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You know nothing bro. Among all my friends who made it into IB, none broke in using friends & family insider network.

If you're talking about attending networking events, cold-email, etc., well that's part of putting in the effort isn't it?
How big is your sample size bro

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  #1144 (permalink)  
Old 28-06-2022, 09:03 AM
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How big is your sample size bro
I pretty much know all the people in my batch who make it into IB, and my own colleagues as well.

I don't know a single one who break in using daddy connections or what nots. I think you are making too much excuses for yourself.
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  #1145 (permalink)  
Old 28-06-2022, 09:09 AM
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The hard truth is if your parents are well connected MDs in the industry , guarantee they won’t recommend their children to follow their career paths cos they know how hard it is

Anyways daddy and mommy alrdy got money who will go for IB? Is for smart , hardworking but middle class
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  #1146 (permalink)  
Old 28-06-2022, 10:16 AM
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Most of the NUS / SMU / NTU types are grinders. 18-20 months of internships (3 x 3mth summer internships + 1-2 x 6 mth off-cycle). Very clear these are not the “rich daddy” types. Involved in a million investment clubs, case competitions, etc. Solid technicals, but can veer into being too hardo. And they have a good mix of social and hardworking skills. My feeling is 80% of them can party / club / drink hard and work till 2-3am. Can live it up with expensive meals every weekend, travel whenever they can.

The ‘rich daddy’ types are quite easy to spot - tier 3+ US college (USC, no name east or west coast colleges), no hardo vibes, smooth and can talk to MDs and senior folks without much nervousness (presumably because they meet lots of them socially in their family life). Typically done a couple of internships in the US/UK too where it’s less competitive. Technicals are ****, but some can get better. Banks also don’t practice white horse intern hiring as explicitly as before - because they have been clamped down on before.

Last group are the ivy leaguer / oxbridge types. Rarer these days. Some are more cerebral, others are more social - sometimes hard to tell if they got there boosted by a wealthy upbringing or were academic hardos in JC/uni. Probably the least hardo of the bunch. Representation in large US buyside funds is slightly more than IB pro-rata, esp for the US ivy grads.
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  #1147 (permalink)  
Old 28-06-2022, 10:18 AM
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anyone knows what's the rough compensation for relationship manager at DBS treasures with 4-5 yoe?
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  #1148 (permalink)  
Old 28-06-2022, 10:42 AM
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Most of the NUS / SMU / NTU types are grinders. 18-20 months of internships (3 x 3mth summer internships + 1-2 x 6 mth off-cycle). Very clear these are not the “rich daddy” types. Involved in a million investment clubs, case competitions, etc. Solid technicals, but can veer into being too hardo. And they have a good mix of social and hardworking skills. My feeling is 80% of them can party / club / drink hard and work till 2-3am. Can live it up with expensive meals every weekend, travel whenever they can.

The ‘rich daddy’ types are quite easy to spot - tier 3+ US college (USC, no name east or west coast colleges), no hardo vibes, smooth and can talk to MDs and senior folks without much nervousness (presumably because they meet lots of them socially in their family life). Typically done a couple of internships in the US/UK too where it’s less competitive. Technicals are ****, but some can get better. Banks also don’t practice white horse intern hiring as explicitly as before - because they have been clamped down on before.

Last group are the ivy leaguer / oxbridge types. Rarer these days. Some are more cerebral, others are more social - sometimes hard to tell if they got there boosted by a wealthy upbringing or were academic hardos in JC/uni. Probably the least hardo of the bunch. Representation in large US buyside funds is slightly more than IB pro-rata, esp for the US ivy grads.
Yea, this guy gets it.


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  #1149 (permalink)  
Old 28-06-2022, 10:42 AM
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anyone knows what's the rough compensation for relationship manager at DBS treasures with 4-5 yoe?
Eh hello, its high finance thread, why you all random CIMB/Transaction Banking/whatnots always flock this thread and spam sia. Go make your own la.
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  #1150 (permalink)  
Old 28-06-2022, 10:52 AM
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Most of the NUS / SMU / NTU types are grinders. 18-20 months of internships (3 x 3mth summer internships + 1-2 x 6 mth off-cycle). Very clear these are not the “rich daddy” types. Involved in a million investment clubs, case competitions, etc. Solid technicals, but can veer into being too hardo. And they have a good mix of social and hardworking skills. My feeling is 80% of them can party / club / drink hard and work till 2-3am. Can live it up with expensive meals every weekend, travel whenever they can.

The ‘rich daddy’ types are quite easy to spot - tier 3+ US college (USC, no name east or west coast colleges), no hardo vibes, smooth and can talk to MDs and senior folks without much nervousness (presumably because they meet lots of them socially in their family life). Typically done a couple of internships in the US/UK too where it’s less competitive. Technicals are ****, but some can get better. Banks also don’t practice white horse intern hiring as explicitly as before - because they have been clamped down on before.

Last group are the ivy leaguer / oxbridge types. Rarer these days. Some are more cerebral, others are more social - sometimes hard to tell if they got there boosted by a wealthy upbringing or were academic hardos in JC/uni. Probably the least hardo of the bunch. Representation in large US buyside funds is slightly more than IB pro-rata, esp for the US ivy grads.
I turned down one of the last group b/c finances. How much more difficult (relatively) is it for me to break into finance because of that?
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