SIM-UOL fresh grad starting pay

Originally Posted by Unregistered

Wow, so much negativity in this thread...

I graduated from UOL Banking and Finance with 3rd class honours 4 years ago.
Worked at a foreign bank after graduation, drawing a salary of about 3k.
Got disillusioned, and quit after a year. Joined a tech startup.
Said startup failed after 2 years. 2 years of crushing 80 hours work weeks for a pittance of a salary and worthless equity.

It was not all for naught though. I built a great business network and picked up a diverse range of skill sets. Currently, I consult for startups and SMEs, and run a small business. My annual income last year was about 250k. I've just hit 30 this year.

Some advice to the UOL juniors:
Just because you did a finance degree, doesn't mean you have to be in finance or banking. Keep an open mind.

Your starting salary isn't important. What company you work for isn't important. Hell, even your education isn't as important as you think it is.

Here's what's important: Continual learning and building your network. Stay humble, stay hungry, always be positive, and work your bloody ass off.

At least learn to BS properly.

Left school 4 years ago and spent 3 years going nowhere in a failed company and suddenly consult for other successful businesses making annual income of 250k "last year".

What did you do last year? Got laid off after company bankrupt and suddenly start your own consultancy and made 250k within few months?

Originally Posted by Unregistered

At least learn to BS properly.

Left school 4 years ago and spent 3 years going nowhere in a failed company and suddenly consult for other successful businesses making annual income of 250k "last year".

What did you do last year? Got laid off after company bankrupt and suddenly start your own consultancy and made 250k within few months?

I spent 2 years at the startup, not 3. I said the startup failed. I said nothing about bankruptcy. Co-founders don't get laid off. They sell their shares and exit.

All I will say is that I am involved in business management systems and fundraising. The first month after I started my consulting firm, I made 40k. I had a full year. Go figure it out.

4 years ago, I was in the same situation like you UOL fresh grads here, lurking in the forums, searching for guidance and direction. You can choose to think I'm sprouting BS, or you can partake of the few nuggets of wisdom I have.

I won't be posting again. Good luck.

Originally Posted by Unregistered

I spent 2 years at the startup, not 3. I said the startup failed. I said nothing about bankruptcy. Co-founders don't get laid off. They sell their shares and exit.

All I will say is that I am involved in business management systems and fundraising. The first month after I started my consulting firm, I made 40k. I had a full year. Go figure it out.

4 years ago, I was in the same situation like you UOL fresh grads here, lurking in the forums, searching for guidance and direction. You can choose to think I'm sprouting BS, or you can partake of the few nuggets of wisdom I have.

I won't be posting again. Good luck.

Give me a break from this BS please. Here is the timeline on your original story:

Graduated 4 years ago a.k.a 2012

2012: Graduated
2012-2013: Spent 1 year in a foreign bank drawing 3k
2013-2015: Spent 2 years in a failed business as an employee/co-founder (depending on which version of the story you have)
2015: Company folded and equity became "worthless". Went from an unemployed guy to suddenly doing a startup that turned 40k profit on the first month of operations! Even made 250k in this partial year alone!

LOL. Want to BS at least get your story straight. First you say you "joined" a startup, now you say you are a "co-founder". At first say you are are left with "worthless equity", now you put a spin about how you weren't retrenched but simply sold off your shares as a co-founder. What happened to the earlier claim about the equity being worthless? You sold it for $1?

Talk rubbish still simi sai share "few nuggets of wisdom I have".

All of you are dogs la. What local uni grad sim grad. Limpei o level only ok! Knn study so much, end up work for people like me only hahaha. Your lousy 1 year salary cannot even cover my ktv and entertainment expenses for 1 month. Go fly kite la

For those who claim startup successful biz, name of biz please.

For those who claim mega pay from employer, linkedin profile please.

Otherwise stop disturbing this thread as real SIM-UOL grads need accurate info.

Come on let's be nice. Anyway,

Does a SIM-GE degree render any civil service job applications useless? I mean is it true that they only consider graduates from NUS/NTU/SMU and that it's almost impossible for a graduate SIM-GE to land a job in the civil service, say in AGD, AGO etc?

Originally Posted by hopeless

Come on let's be nice. Anyway,

Does a SIM-GE degree render any civil service job applications useless? I mean is it true that they only consider graduates from NUS/NTU/SMU and that it's almost impossible for a graduate SIM-GE to land a job in the civil service, say in AGD, AGO etc?

I think those lower end less popular stat board still got chance, not high but the chance is there. AGD/AGO don't bother, they will not entertain unless you are willing to take up a poly position.

my sim first class cannot compare to your local U second upper? really?

Originally Posted by Unregistered

my sim first class cannot compare to your local U second upper? really?

Unfortunately, yes.

Originally Posted by Unregistered

Give me a break from this BS please. Here is the timeline on your original story:

Graduated 4 years ago a.k.a 2012

2012: Graduated
2012-2013: Spent 1 year in a foreign bank drawing 3k
2013-2015: Spent 2 years in a failed business as an employee/co-founder (depending on which version of the story you have)
2015: Company folded and equity became "worthless". Went from an unemployed guy to suddenly doing a startup that turned 40k profit on the first month of operations! Even made 250k in this partial year alone!

LOL. Want to BS at least get your story straight. First you say you "joined" a startup, now you say you are a "co-founder". At first say you are are left with "worthless equity", now you put a spin about how you weren't retrenched but simply sold off your shares as a co-founder. What happened to the earlier claim about the equity being worthless? You sold it for $1?

Talk rubbish still simi sai share "few nuggets of wisdom I have".

There's really no winning on this forum. If you do well, you get haters like the one above, and if you don't do well, you're a useless grad who can't find a job. Misery does love company.