Working in a bank

Originally Posted by Unregistered

Not really, a Masters - especially in com science- is worth jack in the real world, be it in banking or technology.

That is because you learn barely anything in the 1 year you are doing your "masters", and employers know that. Do you really think learning how to code or be competent like the quants on the street is going to take a simple year and a masters?

It won't take a year to learn how to code like the pros. But the masters at least gives him a basic understanding of algorithms and programming. Also going to an Ivy League Uni shows some level of competency/intelligence. Thus it would give the holder a chance to step into the quant world and start learning on the job. Similar to how investment banks hire MBAs as associates. Instead of a MBA, a quantitative masters would be more useful in this new world. Which would be better if a candidate has no experience, do nothing and try to get in; or get a quantitative masters and show interest and some
Basic knowledge?

Originally Posted by Unregistered

It won't take a year to learn how to code like the pros. But the masters at least gives him a basic understanding of algorithms and programming. Also going to an Ivy League Uni shows some level of competency/intelligence. Thus it would give the holder a chance to step into the quant world and start learning on the job. Similar to how investment banks hire MBAs as associates. Instead of a MBA, a quantitative masters would be more useful in this new world. Which would be better if a candidate has no experience, do nothing and try to get in; or get a quantitative masters and show interest and some
Basic knowledge?

I guess no one took insight from my long post. So I'll try to keep it short.

This is how I see it. Banking is about learning a given set of processes. It is entirely different for quantitative trading. For that, you really deal with open problems. I have not experience in banking but you're face with questions like these:

- What is the best set up for execution?
- What is the ideal testing period?
- What is the best way to gauge market sentiment?

And usually, for any firm, there are competing arguments for every question. Here, it is where experience pays of and not just mere educational qualifications. That's why it isn't too clear cut as doing something to add value but more of doing what to add value.

Or take this example. A bachelors in banking can reach the MD level. You'll find more Masters and PhD holders at the top levels of quantitative trading. Shouldn't that in itself signify how far ahead of everyone in terms of research and proprietary knowledge you'll need to be in order to reach the top.

Originally Posted by Unregistered

Not really, a Masters - especially in com science- is worth jack in the real world, be it in banking or technology.

That is because you learn barely anything in the 1 year you are doing your "masters", and employers know that. Do you really think learning how to code or be competent like the quants on the street is going to take a simple year and a masters?

I agree with this. Believe it, I've beaten most curriculum to death. I can tell you specifically why what you learn in school, even in a one year Masters, doesn't agree with how the pro's do it.

Sure, it's easy to code. It isn't easy to write clean, elegant, robust and industrial code. I can give you thousands of examples.

usually after 6 month probation will the basic pay increase?

Originally Posted by Unregistered

usually after 6 month probation will the basic pay increase?

No chance. Banks usually have a fixed time of year in which increments take place.

Which is the best? I believe Personal banker is at Retail level (not priority banking, I maybe wrong, pls share with me). RM serves HNW customer. And I got confused by Assoc Relationship Director is some foreign banks. But I know, they are all doing sales roles, just not sure which title earns the most income or call the most shots. Mind sharing with me?

Originally Posted by Unregistered

No chance. Banks usually have a fixed time of year in which increments take place.

Hey, do you mind sharing the increment month of different banks if possible?

banking industry career fair
.etms.sg/e2i/BankCF

A 2012 study by the University of Southern California found that every one of the 24 entry-level bankers it followed developed a stress-related illness (such as insomnia, alcoholism or an eating disorder) within a decade on the job. A much larger 2014 survey by eFinancialCareers of 9,000 financial workers in cities across the globe (including Hong Kong, London, New York and Frankfurt), showed bankers typically working between 80 and 120 hours a week, the majority feeling at least “partially” burnt out, with somewhere between 10% and 20% (depending on the country) describing themselves as “totally” burnt out.

Anyone working in tech dept?
How's the progression salary and bonuses so far u got?
Just switch job from e-commerce into private banking and feel the environment is pretty different.
Am unsure for long term is that good for Tech IT personnel.