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  #251 (permalink)  
Old 21-06-2021, 01:14 AM
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Originally Posted by Barthola View Post
Well, hi guys! What do you actually think about financial advisors?! I haven't yet used the services of a financial advisor, and I do not really know what consists this job of, however my parents keep on saying that it is a really well payed job, and I could become a great specialist in this field. My parents have been using the services of a certain financial advisor for their entire lives, and they consider that it is exactly what I have to do. Actually, my parents' money, have been managed by [URL="s://.riseprivate.com/"]Rise Private[/ for their entire lives!
Financial advisors is 100% different than high finance. Without being disrespectful, financial advisors role is pretty much just sales roles.

Just like any sales roles, if you're good at selling, you can get paid alot. I know FAs who comfortably bring hom 20k++ way more than people at FOs, but yea you have to be a good seller. Plus it is a really competitive industries. There are so many FAs around, literally your only selling point against other FA is your soft skills.

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  #252 (permalink)  
Old 21-06-2021, 09:54 AM
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Financial advisors is 100% different than high finance. Without being disrespectful, financial advisors role is pretty much just sales roles.

Just like any sales roles, if you're good at selling, you can get paid alot. I know FAs who comfortably bring hom 20k++ way more than people at FOs, but yea you have to be a good seller. Plus it is a really competitive industries. There are so many FAs around, literally your only selling point against other FA is your soft skills.
To be fair FO is largely a sales role too. They need to sell their products to generate revenue. That's why it's called front office.

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  #253 (permalink)  
Old 21-06-2021, 01:01 PM
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...I don't know about Singapore, but in NY or London, historically only about 0.20-0.25% of entry-level FO analysts make it to VP.
Hi, I wrote the above. There's a big mistake in that statistic. It should be either 0.20-0.25 OR 20-25%. It's not so bad as in 0.25%!

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  #254 (permalink)  
Old 28-06-2021, 05:44 PM
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hey guys any updates on how m&g investments is? posted previously bu t not many responses..
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  #255 (permalink)  
Old 28-06-2021, 06:15 PM
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hey guys any updates on how m&g investments is? posted previously bu t not many responses..
Try starting a thread. M&G isnít high fin.
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  #256 (permalink)  
Old 28-06-2021, 07:33 PM
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To be fair FO is largely a sales role too. They need to sell their products to generate revenue. That's why it's called front office.
Agree salespeople sit in the FO. Think OP was saying itís not as intellectually challenging as other roles say IB and research
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  #257 (permalink)  
Old 28-06-2021, 08:23 PM
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wow what's with the current hiring boom especially for juniors
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  #258 (permalink)  
Old 28-06-2021, 10:42 PM
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wow what's with the current hiring boom especially for juniors
I noticed this too, anyone more senior has colour on this demand? My guess is suppressed appetite in 2020 and possibly government restrictions on hiring of foreigners? Bunch of traineeships last year were suddenly replaced with these FT openings.
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  #259 (permalink)  
Old 29-06-2021, 08:17 PM
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Default Treasury vs risk

Hello! May I know if taking up a treasury analyst role at a MNC (not finance related) or market risk at a local bank focusing on either interest rate risk or liquidity risk is better for long term prospects and which role has better advancement/ exit opportunities in the future? Both are entry level positions. The treasury role is a permanent role which starts off with doing cash management but I heard that there is possible advancement to liquidity management and FX hedging in the future whereas the market risk role is a contract role and will focus on generating reports, working on LCR, NSFR, IRRBB etc and exposure to different market risk functions as time goes by. Any idea which function would be a better option for learning opportunities and long term career with potential chances to get into IB as well?
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  #260 (permalink)  
Old 30-06-2021, 09:27 AM
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with potential chances to get into IB as well?
neither - if you do make it to IB from either of these roles it's because of you, not the role
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