High Finance Thread - Page 116 - 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




High Finance Thread

Reply
 
Thread Tools
  #1151 (permalink)  
Old 28-06-2022, 12:58 PM
Unregistered
Guest
 
Posts: n/a
Default

i just got offered 5k/month at uob for branch retail manager, is that a good rate?

Reply With Quote
  #1152 (permalink)  
Old 28-06-2022, 05:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Bankers should so elite…

Reply With Quote
  #1153 (permalink)  
Old 28-06-2022, 07:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Bankers should so elite…
Bro banking IS elite. That’s why only those who take the grind can make it. You are being off elsewhere

Reply With Quote
  #1154 (permalink)  
Old 28-06-2022, 07:34 PM
Unregistered
Guest
 
Posts: n/a
Default

JPMORGAN 2022 corporate and investment bank inside the industry - what year of student are they looking for? Junior/soph/freshman?
Reply With Quote
  #1155 (permalink)  
Old 28-06-2022, 07:35 PM
Unregistered
Guest
 
Posts: n/a
Smile

Most satki are those that played in hall and still broke into IB, pwn all those hardos and nerds.
Reply With Quote
  #1156 (permalink)  
Old 28-06-2022, 07:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Bro banking IS elite. That’s why only those who take the grind can make it. You are being off elsewhere
Sell credit card elite or not? Close a deal elite or not? Alpha seeker elite or not ?

Is all perspective lah
Reply With Quote

  #1157 (permalink)  
Old 28-06-2022, 07:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
JPMORGAN 2022 corporate and investment bank inside the industry - what year of student are they looking for? Junior/soph/freshman?
ITE students
Reply With Quote
  #1158 (permalink)  
Old 28-06-2022, 10:19 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
JPMORGAN 2022 corporate and investment bank inside the industry - what year of student are they looking for? Junior/soph/freshman?
It's for pre-penultimate, which means mostly for soph, but sometimes freshman can also join such program after the end of their Y1S2
Reply With Quote
  #1159 (permalink)  
Old 28-06-2022, 10:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Dbs treasures deals with UHNW clients so its under high finance
Reply With Quote
  #1160 (permalink)  
Old 29-06-2022, 12:37 AM
notahardo
Guest
 
Posts: n/a
Cool

hello, was browsing through this thread and saw there are couple of misconceptions around the IBD industry.

There was a comment about hard work trumping networking ability, I would say by and large this is right. Unless your parents are C-suite at a major corporate client, most people 'break in' through sheer grit, hard work (studying like crazy for interviews, racking up internships and the like), and of course a little bit of luck.

Even if your parents are hotshots, the major banks have very bureaucratic hiring systems which act as a filter against hiring if you have a close relation to a major existing client, due to issues with conflict of interest. I think only boutiques (Evercore, Greenhill etc.) have leeway to work around those restrictions.

Personally, I'm a second year analyst a tier-1 BB bank - happy to answer any questions to clear up the mystery shrouding this sector.
Reply With Quote
Reply

Bookmarks

Tags
finance, fund management, ibd, m&a, pevc

« 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
Official Lasik/ Relexsmile Thread shirlyn General Discussions 1 18-06-2016 06:33 PM
Household Expenses Breakdown Thread mugster Income and Jobs 10 21-10-2015 09:01 AM
The Gem of UK property (High yield, High Growth, Positive cash flow) newsgprop Market Talk 4 12-01-2015 12:03 PM
UNISIM Alumni thread Gradsoon Income and Jobs 3 25-02-2014 04:38 AM
SIM-UOL Degree in Econs/Finance or Accounting/Finance Shenanigans Income and Jobs 3 07-07-2012 12:41 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
18,408 Replies, 7,551,898 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,584 Replies, 1,298,772 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,753 Replies, 2,316,390 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,679 Replies, 3,156,169 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,490 Replies, 2,246,361 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,766 Replies, 3,455,850 Views
Career as Teacher ( 1 2 3... Last Page)
6,645 Replies, 4,210,221 Views
GovTech ( 1 2 3... Last Page)
3,450 Replies, 1,114,916 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,299 Replies, 631,961 Views
SP Group ( 1 2)
16 Replies, 11,103 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,238 Replies, 3,312,306 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
245 Replies, 71,576 Views
Bnp paribas graduate ( 1 2 3... Last Page)
196 Replies, 121,018 Views
MasterCard Graduate Developement... ( 1 2 3... Last Page)
79 Replies, 49,046 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
2,031 Replies, 843,277 Views
Compare civil service salary ( 1 2 3... Last Page)
14,964 Replies, 9,964,418 Views
Singapore Power EDGE Program ( 1 2)
11 Replies, 4,685 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,048 Replies, 730,201 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,799 Replies, 2,670,962 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
631 Replies, 265,942 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,142 Replies, 361,262 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,453 Replies, 5,472,667 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,711 Replies, 988,470 Views
MOH Holdings ( 1 2)
10 Replies, 12,555 Views
IMDA (under MCI) ( 1 2 3... Last Page)
392 Replies, 203,692 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
844 Replies, 242,757 Views
SingPost (Singapore Post)
4 Replies, 1,223 Views
[advice] Recruitment agency... ( 1 2 3... Last Page)
37 Replies, 15,602 Views
Job Application with MOE... ( 1 2 3... Last Page)
424 Replies, 455,719 Views
Barclays ( 1 2 3... Last Page)
277 Replies, 187,078 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:12 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2