Oh and be the way, there really isn't a middle office. It's very popular term but FO really refers to IB and capital markets while everything else is BO or corporate functions.
MO is a term concocted by a few ego-butthurts who couldn't get into FO but instead got some risk compliance and decided that they were MO but they are really just BO roles. |
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We are lucky because we are from local universities so we will be offered full time roles, not contract jobs. So for such positions, you can generally expect more than 4k, excluding local banks. For bulge brackets, above 4k is realistic for almost any role, not sure about corporate functions but I've heard of 4.5k for marketing roles within the asset management division. For local banks, apart from DBS - don't expect more than 4k. Even so, I believe DBS pays between 3.5k to 3.8k for the graduate associate positions and 4.5k for management associates. Other banks like HSBC, Nomura, SCB and so on I'm not too sure but generally, you can use GS as a measure of brand name and prestige to scale down the salary. |
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wtf is MO?
i only know the guy who books my trades call himself MO (in his email signature). till now i struggle to understand what that is. i only know FO makes money, the rest of the functions are BO. |
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All the best bro! |
Me, a UOL grad, just recruited a late-20s SMU grad with some years of work experience to work for me. LOL.
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you just validated the fact that sim uol is so rubbish, that even a former student wont hire someone from the same course. btw, is there a UOL in SG? i only know a sim uol distance learning programme. if you are from sim, pls say so, and not use "UOL grad". |
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Btw, I'm a SIM-UOL student. When asked, I just say it as it is. I have faced my fair share of discriminations in interviews and at work before. Truth to be told, I have seen more SIM-UOL with f***ed up work attitude as compared to local uni peeps. On the other hand, I have also worked with local uni students who are scholars but have an "uncoachable" attitude. They may be smart and able, but being an arrogant prick means seniors deem them as "uncoachable", and they do not get dibs on the best deals. End of the day, if one manages to get into the doors, progression boils down to attitude. Have a great day everyone! Don't stress so much about small stuff. Do whatever make you happy. Lastly, don't romanticised any jobs before you are even in the industry. Makes anyone look like an ignorant fool. :) |
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