graduated last yr from e&f

took up a job with a bank (compliance) at 2.8k. yes i was shortchanged and many friends persuaded me to hop to other companies like citco, bla bla..but i didn't because i was given ample opportunities to learn many things... 7 months into my job my pay got adjusted to 3.7K. As I am approaching my 1 yr employment, i received a call last wk from a recruiter asking if im interested to move for 20% increment within the same area with another bank.

Well.. my point is - i didnt really care about pay at the start. I was fixated in getting into jobs that interests me. Pay is ranked 2nd while experience is ranked top on my priority list. That being said, pay is still a impt factor while the potential exp you'll get exposed to is equally impt as well. Best is to strike a balance between the 2... I know some peeps will just say i'm being severely underpaid / stupid.. I don't really care. Ppl's words and opinions doesn't affect my pay and progression haha. Anyway, my POV is - be realistic.

Lanjiao. Pay adjustment $900. The bank your father open one.

Lol u mad? Be mad at all u want coz at the end of the day i still get my increment and spend my moolah on things i want.

I dont really care if ppl believe me or not, this is a internet forum with lotsa trolls and jelly faggots all out to put dwn everyone. No one is oblige to giv anyone any information. Now excuse me while i finish my coffee n sandwich in cedele.

please lor last time i jump into another bank increment 1.2k. very normal to get 1k increment when u hop.

Hmm compliance has quite a number of different roles. Don't think all will have the same demand as u? Mind to share which area of compliance?

Compliance life very chill

Moved to HSBC from Citi compliance after 1 year, manage to get increment from 3.6k to 5.1k. Important is to build up good reputation in the industry.

Hi,

Care to share if you OT alot? and whats your average bonus? With such a high basic doing compliance i doubt you'll have 3mths or more bonuses a year.

Good performer bonus can hit 6 months.

performance is graded right ? A,b,c ?

i was previously in barclay's. Out of 20 staff maybe 3 Bs? 2As? the rest of the majority are Cs. In a BO, it is harder to judge performance because we have no PnL, just daiily deliverables.

help
 

Hi, care to share where and how did you secure a perm position in bank. I am a recent graduate of BSc. banking and finance UOL-SIM.

thanks in advance.

Start networking with the big shots in the industry, otherwise a UOL-SIM will never get a FO perm position just by normal application.

Hi, i'm the guy who posted earlier --> "grad from e&f last yr"
Not really. some of my colleagues OT alot but i seldom do. Not sure how much bonus i will be getting since I've not reach my 1 yr of employment yet ( almost). As always, bonuses r all dependent on "performance" on my part as well as the bank's.

For me, im not too worried about bonus but rather what is my next move for my career option. There r certain areas in compliance within banking that r highly lucrative (but comes with tremendous amt of stress) and not ppl with 1 or 2 yr exp can enter. Those tat r asking which area i specialize in - sorry, but im not telling u anything haha.

And for the guy who says he moved to HSBC from 3.6 to 5.1. I would assume u r on a AVP scheme? U reporting to Hi**** or Eli****** ? is y** hw** still in hsbc?

[QUOTE=Unregistered;55252]Hi, care to share where and how did you secure a perm position in bank. I am a recent graduate of BSc. banking and finance UOL-SIM.



90% luck, 10%skill.

I don have much networking skills. I have low Eq n average Iq.

Understandable if anyone of u does not want to disclose where u r in. Since then, do any of u mind telling us what areas are there in compliance?? So far aml/kyc is the area that is hiring a lot and from what I know these areas do not pay a lot(at least for entry lvl). Everytime when u google compliance jobs kyc/aml are the ones that come up...

Was that a true statement though? From what I know its highly unlikely that an SIM graduate can beat local u students in a JP Morgan graduate but a friend of mine got a job there as an analyst prob through connections.

Stay hopeful guys! Would recommend job seekers to bring name cards around while meeting ipt ppl, at least they will rmb your names when they dig out stuff from their pockets and needs someone for a position.

Management Consulting Carrers
 

Hi,

Seeking advice from experienced professionals!

I will be graduating in May 2015 with a BSc B&F degree after my final exams (hooray!) and am really keen on pursuing a career as a Management Consultant. Top choices, of course, go to MBB Consulting firms followed by local and foreign consulting firms.

Would like to seek advice on:

1. What firms are good in the industry
2. If the number of graduates of SIM-UOL getting in is high
3. How and What I can do to score an interview with them (I'm pretty confident with my interview skills!)

If you have been there, done that or heard of similar cases, please feel free to share! Criticism is accepted if that can make me improve (Y)

You can apply for the fun of it. But don't get your hopes up. No chance.

Hey man, thanks for the response! Where do you get the idea that it wont work? Could it be your personal experience or word of mouth? Help me out alil bit, or could I switch to that career path on my second or third job?

I have friends who grad locally, majoring in BA, HR and mgmt, mostly 2.1 and above, all applied for mckinsey or what not. none got in. These firms hire ivy league uni students.

Aim for a scholarship for a masters program in management. It might put you in good stead compared to a BSc.
If not the only consultant you can settle for would be financial consultant.

I will have to agree with him/her. This might sound harsh, but as a fresh graduate from SIM-UOL you have next to no chance with McKinsey, Bain or BCG. Not even Frost & Sullivan or firms that don't specialize in consulting (but have consulting arms) such as Deloitte. To tell the truth, even brilliant local FCH folks will stand a better as much as a slim chance (shed that mental image these might just be 'nerds').

If one does not have a resume that shows a consistent record of brilliance, next to no chance.

How do I know? Well, I studied in the US and came to know a few in such firms, and these folks are the best of the best. Think of Harvard, Yale and MIT. And local FCH scholars with case championships under their belt and etc.

You are better off building a resume than to attempt to enter as a fresh graduate. You have serious competition.

Thanks guys! Yeah I actually did a bit of thinking lately and its too late to regret what i didn't do in the past. So gonna aim to get an MBA from a prestigious business school after a few years slogging. Anyway its all about the dream eh?

has ikedSAM
 

Wahlau eh fresh grad from SIM-UOL thinking of getting into MBB, is like a dude without a driving license having fantasies of flying a space shuttle.

These firms, as well as the less-prestigious Big4 consulting and mid-tier firms, recruit from all around Asia Pacific. U wanna get in? Wait in line behind thousands of Indian graduates armed with MBAs from good and semi-good business schools.

And dont' count on a prestigious MBA to grant you entry either. Consulting hiring is very elitist and they may ding you the moment they look at your undergrad degree.

My advice? Work in a particular industry first, get reputation then lateral into consulting.

^Talk cock sing song. Lateral lan.

Hi mind to share how did u manage to get a bank compliance job?
Im a recent graduate of uol b&f. Hoping to land in a job in compliance, aml and analyst role.

thanks in advance.

Starting salaries for fresh grads in Singapore to rise slightly
 

s://.asia-first.com/newsletter/starting-salaries-for-fresh-grads-in-singapore-to-rise-slightly.html

lol. u wait ah bro..u wait

knn UOL u wanna go MBB.

dunno u is stupid or dumb

I got 4.2k increment from 4.8k to 10k and I have a grand total of one year's experience =)

I got 5.2k increment from 4.8k to 10k and I have a grand total of one year's experience =)

what do u expect from a forum where SIM-UOL grads think that 3.5k starting pay is the norm (for fresh grads without any experience at all) ?

I was previously from Bain. I hate to say this, and I don't mean to put you down, but to put it bluntly, you have absolutely no idea what you are seeking for. The top tier consulting firms such as McK and Bain simply do not hire from SIM. It's just not going to happen. They will, extremely rarely, hire out of NUS/SMU/NTU. And they will very rarely hire out top tier US schools. The only people who actually do stand a decent chance are those from Harvard, Wharton, Chicago, etc. And even then, the chances of landing the job isn't exactly that great.

I'm not sure what the starting salaries are now as i've been out of the industry for a while, but there's a very good reason why these places pay fresh grads upwards of 10k a month.

Hi all,

I grad last year with uol 3rd class. joined the oil industry finance dept. started with 3050, now i have hit one year and pay adjustment is 8100. My total last drawn in august is 11150.

I win at life.
Thanks

I am just gonna listen to this person with concrete experience since the rest just sound like backseat drivers. Thanks for your wake up call, I will think it through and make more realistic goals.

Its a nice dream i'm sure, but wake up its time for school!

Way of an attitude to some of the earlier folks who offered their genuine thoughts, experience or not. You don't have to be from MBB to know the sort of folks in MBB. You have more than just goals to fix if success is the ultimate aim.

You're right, you don't have to be from MBB to know the ways of MBB. Could you enlighten me then, where a person best would be to know how a company works? Obviously I know its a top investment firm, and i know its super hard to get in DUH. So im asking for a solution to that, if i can't get in then i'll just have to aim lower thats it.

And that's where you're wrong, I listen to people who give honest advice, if they're here to diss don't use vulgarities. If they don't respect you, why should we respect them?


Can you stand people like these?

I only responded to you cause you sound like a person who can reason.

I actually responded to the rest who did offer genuine advice.

So next time please read before pointing fingers or you will simply be making a fool of yourself.

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