High Finance Thread - Page 3 - 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
  #21 (permalink)  
Old 03-08-2019, 02:02 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
For OP, if I'm in a top-tier BB in Singapore IBD ranking (so JPM/MS/CS), what kind of shops should I be looking to recruit on buy side apart from BX/KKR etc?

Will GIC be a good exit? Heard the pay is roughly the same but better hours
Think its decent but not the best. Culture can be bad, though maybe more on the public side.

Warburg pincus?

Reply With Quote
  #22 (permalink)  
Old 03-08-2019, 11:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
For OP, if I'm in a top-tier BB in Singapore IBD ranking (so JPM/MS/CS), what kind of shops should I be looking to recruit on buy side apart from BX/KKR etc?

Will GIC be a good exit? Heard the pay is roughly the same but better hours
What kinds of transactions or investments do you want to work on?

Public markets, private markets, equity, credit, buyouts, growth, early stage, large-cap companies, mid-mkt companies etc.

GIC/Temasek don't pay the same as the others you mentioned if you factor in bonuses and carry but it's certainly a fit for the more risk averse.

Reply With Quote
  #23 (permalink)  
Old 04-08-2019, 10:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Not sure if an M7 MBA is optimal for OP at this point, given the cost and time commitment required.

These programs usually takes at least a year to complete (at least 2 years from now since recruitment for the upcoming intake is over) and are really expensive (>USD100K), not to mention that entry are insanely competitive (flooded with MBB Consultants, BB IB Analysts, F50 MAs etc). To be considered one would need to possess nothing less than an exceptional professional background and a high GMAT/GRE score, which will likely require a significant amount of time to study for as well.

An MBA isn't really useful for ER/HF and would be more appropriate for IB/PE. An MFin at a local university like SMU seems a viable option though, given its lower entry requirements and significantly lower fees (~SGD40K). However, you would have to prepare for the GMAT/GRE still and the course duration is also similar (1-2 years).

Networking and persistence are really key here. I would suggest looking at boutique funds and contacting the relevant personnel (more senior staff like managers/senior analysts), asking them if they are willing to meet up for coffee chats or informal interviews. Of course, you need to be very well-prepared for any questions and demonstrate interest (CFA, technical knowledge) for them to consider you as a potential hire.

Just my 2 cents.
Local MFin? lol, terrible advice

Reply With Quote
  #24 (permalink)  
Old 04-08-2019, 01:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Local MFin? lol, terrible advice
My point was that if you have to pick between a M7 MBA and MFin, MFin would be a more viable option for OP given his age and professional background, due to reasons which i have emphasized in my original post.

The key to breaking in will be to network and demonstrate serious interest by developing relevant skills and taking relevant certifications (ie CFA). A local MFin is a simply another value-add to the part of displaying interest. The main advantage of a local program is that it allows for geographical flexibility, easier for physical meet-ups or interviews, which would greatly facilitate the networking process.

It is almost impossible to break into larger or midsize funds/banks/IM companies for OP at this point, M7 MBA or MFin regardless. Best bet would be boutique shops in which an M7 MBA/overseas MFin does not really hold any significant advantage over a local MFin and might even count against a candidate.


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


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
  #25 (permalink)  
Old 04-08-2019, 01:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
My point was that if you have to pick between a M7 MBA and MFin, MFin would be a more viable option for OP given his age and professional background, due to reasons which i have emphasized in my original post.

The key to breaking in will be to network and demonstrate serious interest by developing relevant skills and taking relevant certifications (ie CFA). A local MFin is a simply another value-add to the part of displaying interest. The main advantage of a local program is that it allows for geographical flexibility, easier for physical meet-ups or interviews, which would greatly facilitate the networking process.

It is almost impossible to break into larger or midsize funds/banks/IM companies for OP at this point, M7 MBA or MFin regardless. Best bet would be boutique shops in which an M7 MBA/overseas MFin does not really hold any significant advantage over a local MFin and might even count against a candidate.
I think the mistake you are making here is ignoring the option of just not doing either. Whereas an m7 mba or elite mfin undoubtedly has tremendous value but still may not justify the cost/opportunity cost, a local mfin has almost none in the context of getting into these roles.
Reply With Quote
  #26 (permalink)  
Old 04-08-2019, 05:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think the mistake you are making here is ignoring the option of just not doing either. Whereas an m7 mba or elite mfin undoubtedly has tremendous value but still may not justify the cost/opportunity cost, a local mfin has almost none in the context of getting into these roles.
I did consider it when i said these degrees are after all just complements or value-adds to networking and showing interest, which should be the priorities for OP.

At least for ER, there isn't much value to begin with even without factoring in the associated costs. Nobody is going to hire someone, be it for FT or interns, because they have an M7 MBA or elite MFin. The MBA or MFin don't matter to ER employers nearly (if at all i may say) as much as they do in IB/PE, so prestige alone does not really matter. The industry is also too small and competitive with so many well-qualified candidates with the relevant skills and knowledge.

The only significant value that they would offer would be opportunities to recruit for internships, something that a local MFin can offer as well. Networking and showing interest would still be key, be it for internships or FT, local or M7.
Reply With Quote

  #27 (permalink)  
Old 04-08-2019, 06:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Hope Iím not going too off tangent here

How good must oneís math be?

I have a local uni acc degree, and am pending CFA level 2 exam results
Still find some of the math difficult

Was H1 math in JC
Reply With Quote
  #28 (permalink)  
Old 04-08-2019, 10:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What kinds of transactions or investments do you want to work on?

Public markets, private markets, equity, credit, buyouts, growth, early stage, large-cap companies, mid-mkt companies etc.

GIC/Temasek don't pay the same as the others you mentioned if you factor in bonuses and carry but it's certainly a fit for the more risk averse.
Leaning more towards private markets or real estate actually. What kind of firms for the latter?

Was looking at GPs like Campbell Lutyens...wonder how much do they pay. Though still very small outfit for these fundraising firms in sg
Reply With Quote
  #29 (permalink)  
Old 04-08-2019, 10:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hope Iím not going too off tangent here

How good must oneís math be?

I have a local uni acc degree, and am pending CFA level 2 exam results
Still find some of the math difficult

Was H1 math in JC
dosen't matter. all calculations done on excel.

unless you in s&t then maybe you need to have a good grasp of certain concepts
Reply With Quote
  #30 (permalink)  
Old 04-08-2019, 11:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Seeking suggestions/advice on how to enter bulge IB after doing PE? Want to try IB because I feel that the bulge brand name, exposure and structure could be helpful in the long run
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
ST Electronics ( 1 2 3... Last Page)
1,321 Replies, 325,540 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,136 Replies, 875,506 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
4,085 Replies, 1,410,948 Views
Keppel Associate Programme 2018 ( 1 2)
16 Replies, 11,375 Views
Career as Teacher ( 1 2 3... Last Page)
3,033 Replies, 1,904,131 Views
Career as a quant... ( 1 2 3... Last Page)
43 Replies, 42,700 Views
Lawyer Salary ( 1 2 3... Last Page)
10,056 Replies, 3,372,451 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,871 Replies, 1,251,454 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,139 Replies, 3,954,821 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,575 Replies, 2,126,531 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
532 Replies, 154,356 Views
UOB Management Associate Program ( 1 2 3... Last Page)
392 Replies, 211,049 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
774 Replies, 399,112 Views
DBS tech seed programme ( 1 2 3... Last Page)
245 Replies, 40,444 Views
Starting pay for fresh uni grad... ( 1 2 3... Last Page)
142 Replies, 8,238 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,709 Replies, 1,063,400 Views
Where would you invest your money... ( 1 2 3... Last Page)
30 Replies, 17,484 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
117 Replies, 131,056 Views
Advice for SAF regular pls
9 Replies, 1,190 Views
Usually is it ok to HR recruiters...
5 Replies, 1,411 Views
High Finance Thread ( 1 2 3... Last Page)
156 Replies, 37,921 Views
OCBC mortgage specialist
3 Replies, 3,333 Views
just want to know ur opinion
0 Replies, 182 Views
Compare civil service salary ( 1 2 3... Last Page)
11,219 Replies, 6,254,709 Views
Salaries for Tech Product Manager
8 Replies, 2,527 Views
What course should I undertake? ( 1 2)
17 Replies, 9,118 Views
SIA Technical Services / Aerospace... ( 1 2)
10 Replies, 9,591 Views
Singtel Management Associate... ( 1 2 3... Last Page)
181 Replies, 106,074 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
526 Replies, 19,153 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
646 Replies, 482,096 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:17 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2