2.3k is 2005 market rate.

Graduating with a double summa cum laude. Asking for 3k/mth

What kind of job are you looking for?

The high pay, low stress, fast progression,big bonus short hours kind.

Go fly kite haha

you can try big 4, if they don't rescind your offer..

my sch career portal still posting big 4 audit associate roles lol

Fly aeroplane SIA kind.

This is the kind of bad behaviour from some bad eggs who spoil the market for all fresh grads. If you get lowballed and accept, you signal to lowballers that there are still people in the market who are willing to get bent over and screwed right in their financial futures.

Ya the 2k really spoilt market. But i give it to them.
2*2k always works better than 1*4k

Don't BS us. Reach 8-10k. unless u are a c0ck 5ucker under the table or sleeping with bosses.
Rubbish lies lah, anyone can post any value they like.

Show us your letter of offer lah, 9k really too hard to believe

am fch from local uni, majored in finance and wanted a job in the banking industry but cant get any opportunities. am currently still looking lol

When in doubt, just jump into audit with the Big 4 for a year. Truckloads of A2s move into middle office roles in banking after a year.

fake news. for the hundreds of auditors entering big 4 each year, they are split into general, real estate, energy, financial institutions etc. out of all these, not many get to audit banks. financial services audit is not just banks. it includes insurance companies.

truckloads? you must be kidding. as a hrbp in a bank, trust me when I say this - auditors should stick to audit and accounting. the reason why banks are cautious of hiring ex auditors to banking roles is because there is no longer the safety of relying on previous year's workpapers. in fact, we have had cases where ex big4 auditors leave less than 6 months into their jobs because it's too stressful.

wake up. this is the real world.

Audit is Dying
 

Completely agreed. In today's day and age, the only reason why audit is still standing as a profession is because of the fact that it is a regulated necessity.

There isn't any value that auditors are providing to their clients nor the greater economy that they're operating in any more.

And for audit as an industry, it is a dying industry. Think about it, companies are making decisions among the Big 4 based on pricing. Where else in the world can you sustain a business when your only value proposition is based on pricing. It is just a race to the bottom, which is unsustainable in the long run.

Fresh grad should minimum ask for $3.2K. The median is $4K so try to get a $4K+ job for your 3/4 years worth of experience studying in school.

First time I hear this logic.

Then I should ask for more since I have more than 10 years is schooling experience lol

Uhh. No.

Graduate programmes aside, fresh hires for executive/analyst roles.

4K - 5K starting
1) Excel must be second nature, fixing #REF errors on a daily.
2) Strong statistical acumen (simple informational forecasting through K-Means clustering)
3) Have I mentioned Excel?

Generally in my firm, fresh graduates from STEM backgrounds in analyst roles have a 4K pay range.

But if you’re asking for a PoliSci or FASS student who can only write fancy essays, then no.... Their job nature does not warrant a 4K average salary.

Many of such roles will be gone soon.

No self-respecting stats inclined person will use excel for k means clustering.
Think you better stick to polsci and fass hires for your 4k hires

If you put a better salary of 8k, you can hire some decent com sci grads to migrate away from excel.

Generally business should have their data in sql then extract for analysis. (R, pthyon, sciki)
Key is automation. You do not want to waste time to fix !REF
Using excel is really what polsci and fass grads do.

lol
 

as a fass grad i felt attacked hahaha

Fass grads can write a decent essay, think relatively logically and can use excel.
Definitely worth at least 4k

It is the “pseudoprofessional” companies that say poisci/fass no good.

I'd like to see the majority of FASS grads being proficient in the "technical" stuff.

Lower your expectation. Live longer.

Hindsight
 

Hello dear juniors,

I was from fass and make abt 15k/mth after working 10+ years (caveat im in banking)

If you think that's crazy, it's actually not..becos some ppl ard my age have already become heads of finance, heads of compliance etc and they shld make even more.

A girl whom i went on exchange with in uni has already sold her first company (also ex-fass).

I understand the starting salary is impt for most ppl (including myself when i was younger). But with the benefit of hindsight, what's more impt than that 3k-5k is your POTENTIAL and what YOU DO over the next 10-20 years.

If you have a certain passion or strength, then try and think about how you can monetize it. (be it cooking, web designing etc). Take a job to learn a skill, how to do certain things..not only to earn a salary.

If you want to be a trader, then start to code, start to invest (yes, during this circuit breaker!). Take that 3k trading job over the 4k+Operations job. If you stick to it, i'd bet my dollar that after 10-20years, that fund manager/CIO is the guy starting with 3k, not that 4k guy. (Of cos the Ops person could end up as the COO)

It is all about your POTENTIAL in the long run, not so much about your starting salary (and it doesn't matter whether it's local or pte uni)

When you're young, you can afford to take a bit more risk becos you have less to lose.

I will not be replying further..hope the above will provide motivation to some of you.. All the best and good luck!

Enough bashing on FASS. Granted there are some exceptional FASS students out there with superb quantitative abilities.

However... take it from me (or ask any of your colleagues with friends from Arts background). Majority of them can’t even do basic query tasks on MySQL. And their undergrad coursework heavily lacks empirical analysis. I don’t fault them, it’s too theoretical and conceptual to be translated into the workforce.


They’re definitely not worth 4K.

FYI I know many Fass grads who have already secured above average paying jobs while there are students from biz/engin still struggling to find and stressing out. It all ultimately boils down to every individual’s ability/portfolio/how well they source for jobs. So stop putting labels on students purely based on their faculty. Enough of generalizing....

Quite lucky I am born in 95 but graduated last year. Now working in an IT job

Am class of 2020 as well from one of the Big 3 unis, lucky enough to have gone for 3 rounds of interview for a coy, and then ended up discussing about salary at the end of the third interview.

Quoted a range from glassdoor and was told that the numbers are inflated. Looks like the covid situation is not helping either.

Currently just waiting for the HR to get back to me, hoping for good news....

how much did you quote

4.2 to 4.5 for an analyst role (direct hire and non front office) in a bank. Really have to manage our expectations in times like this.

anything done by someone less than a phd, you can offshore it to india, dont be stupid, what actual data analysis of value is being done that is not replaceable?

i'm waitig for a 6.5k for first job

that's cos you are in a farmer role, hee hee loser

If you've not found the job by now in april, chances would be much much lower... These jobs start their process in november and would have finished off their interviews by feb and march. By april and may, it'd be the rest of the companies opening up to try to get the rest of the 2nd lower etc people, and maybe snag a unknowing 2nd upper degree holder, and the rare 1st class.

Only law or com sci can command this kind of salary

I studied economics at LSE in 2019 and I'm drawing 150k annual at morgan stanley so please tell me more.

wah piang eh you apply DBS OCBC UOB is it? cui...

why not go for foreign banks?

Lse econs dont command this kind of pay. U must be lying. No payslip no proof

I can say i nus econs , earn 200k at goldman sachs

To be so insecure you get triggered by an anonymous forum post... must an LSE grad