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  #21 (permalink)  
Old 16-03-2011, 11:24 PM
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Start with IT in banks. Got better prospects than government. And perhaps got a little more work life balance (no OT pay mah) compared with semi-con.


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Originally Posted by Comp. Eng. graduate View Post
Dunno if u know this, but this is what i gathered from friends who graduated together with me in 2009-2010 period.

I would just like to simply state starting salaries of IT positions in banks/financial institutions with presence in Singapore. The lowest starting pay is around 3.3k in a local bank, and the highest, as far as I know, is 5.8k per month in a top-tier investment bank.(i.e. 40K - 70K per annum).

Many fellow fresh grads who are in technology graduate/analyst/associate (whatever it's called in each bank) are from varying academic backgrounds, such as mechanical engineering, electrical engineering, chemical engineering, mathematics, physics and business/finance.

One thing is similar in all these banks & their hiring strategies: they DO hire nerds, who can get the job done. they PREFER smart people who get decent grades and at the same time participate in activities/committees/volunteer services.

Apart from banks, there are also MNCs and statboards which pay decently. Mindef and DSTA pays the best for 1st class honours guys with NS, among the IT statboard.
MNCs pays are more varied. From automobile, aerospace,oil&gas and manufacturing industries, these companies also require competent graduates. Amazingly, my friends who are working in R&D or Product Management in semi-con factories earn quite a lot. The base pay may seem low, somewhere around 2.8-3.5k depending on companies, when you factor in OT and allowances, it could work out to as much as 4.5-5k !!! NO JOKE.
Banks don't pay OT hahahaha!!

IT pay surely is not as high as those in Front Office, such as corporate finance/sales/trading roles (starting pay offer of at least 6k to as high as 10k SGD per month for a fresh grad). You can expect VERY long hours for these high-paying jobs, averaging 80-100 working hours PER WEEK, while in IT, it generally averages about 50-60 hours per week. I'd rather enjoy life while that lasts.

Imagine you've a few hundreds of thousands of dollars in your bank account, but tsunami/earthquake strikes out of the blue. How will you get to spend it, if you die. And if you survive? Give away as donations or make more money as market is closing low?

Look at Japan right now. Some traders are getting richer by 'shorting' the market. They're laughing their asses off now with $$$ flowing into their PnL sheets. But is it... moral? That's up to you to define...

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  #22 (permalink)  
Old 30-06-2011, 11:51 PM
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shorting Japan? You serious? They should be bankrupt by now. hahaha..

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  #23 (permalink)  
Old 08-05-2015, 11:48 PM
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Originally Posted by JOAT View Post
Forseer statement is very much like scripts from "Wall Street" that finance do not create anything. Which I think it is trying to refer to people that are greedy and leverage unscrupulous on others for their own financial benefits. Again in the area of finance it is very broad, do not stereotype.
Lol, it isn't just Jims Rogers. There's also Charlie Munger, who is Buffett's number 2.

Finance doesn't create any value. Most overrated industry.

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  #24 (permalink)  
Old 14-05-2015, 08:02 PM
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This is hilarious, TS haven't even touch CS before, now want to do MSc? Boy don't think so far first, you may not fit.
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Old 15-05-2015, 02:44 AM
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Lol, it isn't just Jims Rogers. There's also Charlie Munger, who is Buffett's number 2.

Finance doesn't create any value. Most overrated industry.
this thread is 4 years old already, why dig ah?

finance is everywhere around you, maybe u didn't realize.
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  #26 (permalink)  
Old 15-05-2015, 06:27 PM
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this thread is 4 years old already, why dig ah?

finance is everywhere around you, maybe u didn't realize.
Maybe you're a retard who can't see past $$$ and understand the meaning of "value".
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  #27 (permalink)  
Old 15-05-2015, 09:01 PM
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Maybe you're a retard who can't see past $$$ and understand the meaning of "value".
u stupid ah? use value to pay for your goods and services ah. u do business sure huat lor.
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