High Finance Thread

Originally Posted by Unregistered

I recently got admitted into top 3 US MBA (Wharton, Harvard, Stanford) that costs SGD$250k for two years. Will definitely have to take a significant loan to attend.

I would like to ask if anyone has a similar experience and can advise on whether it will be worth it to attend if goal is to be back in Singapore to be in PE/ hedge funds, and what will be the starting remuneration of an associate then.

Thanks in advance!

Depends on your background now. In this part of the world, most funds don't have a strict MBA requirement for progression so if you already have the requisite experience to get a seat, the MBA is a waste of money. It also costs a lot more than 250k if you add in 2 years of lost income.

If you have aspirations of working in the US, then it makes more sense. On comp, the range is quite large. Megafund PE would be US$250K-300K all-in, mid-mkt PE will be slightly to significantly lower.

Originally Posted by Unregistered

Oh really? Now i feel i am underpaid lol. Currently i work as quant analyst/developer for a medium sized global AM. Total 10 years of experience working as software engineer for BB IB but this is my first FO role thought. How much is the market rate given my exp?

Bump. Anybody?

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How feasible is it to lateral to a MF? Currently in a midsize PE (<1bil), non-IB, <5yr exp.

Originally Posted by Unregistered

How feasible is it to lateral to a MF? Currently in a midsize PE (<1bil), non-IB, <5yr exp.

What role in MF?

Originally Posted by Unregistered

the firm is on fund 2 now. 3 yrs out of undergrad and no mba (don't plan to).

Think its pretty decent. Even when you look at postings on mycareersfuture by KKR/warburg they put 8/9k base for analysts

Is there a big diff in pay between long-only AM vs HF?

Originally Posted by Unregistered

Bump. Anybody?

10 years YOE in IB, I believe you can get your basic up to 180k. Bonus is bonus, they can modify it how they want.

Just for comparison, fresh grad in normal banking is getting 5.5 to 6k a month for SWE. 5 years YOE probably looking around 10k. If you bump in the IB factor you can be looking at a 15 to 25% premium.

Honest opinion guys.

I’m from a STEM background, did my undergrad in 2018. Jumped straight into finance through a generic MA program with the local banks eventually being funneled to tech side specializing in writing basic scripts that are MT4/MT5 compatible.

Wanted to break into quant roles so I jumped ship to a small family office in SG early this year. I was promised an algo-trading role but ended up my job tasking only require fixing stupid #REF errors on my boss’ spreadsheets.

Should I tender my resignation now and enroll into a target MBA (my GRE: 160 verbal 163 quant ) and try to land myself a gig with BB or should I just blindly fire PMs to BB recruiters on LinkedIn?

Originally Posted by Unregistered

Honest opinion guys.

I’m from a STEM background, did my undergrad in 2018. Jumped straight into finance through a generic MA program with the local banks eventually being funneled to tech side specializing in writing basic scripts that are MT4/MT5 compatible.

Wanted to break into quant roles so I jumped ship to a small family office in SG early this year. I was promised an algo-trading role but ended up my job tasking only require fixing stupid #REF errors on my boss’ spreadsheets.

Should I tender my resignation now and enroll into a target MBA (my GRE: 160 verbal 163 quant ) and try to land myself a gig with BB or should I just blindly fire PMs to BB recruiters on LinkedIn?

It’s going to be difficult as there are very few post-MBA BB schemes in Singapore.. Most companies hiring post-mba students here are consulting firms or wannabe startups. Having said that, you can try the local banks like DBS.

I work in a BB and the last thing you want is to cold call recruiters cos most of them are swamped (BBs have much smaller headcounts than local banks) sorting the many applicants who have worked in other BBs. Just hiring for one normal job takes so long cos they are so slow.