Local Uni Class of 2020 - COVID19 Batch - Are your lowering your expectations?

Originally Posted by Unregistered

I'm first class honors. I asked for 7k but they offered me 9k. I'm both shocked and surprised. And will work damn hard for the bank

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

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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.

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.

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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.

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.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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.

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.