Reinsurance Brokers

Originally Posted by Unregistered

hmm..13 yrs? are u kidding me? Dun mean to sound rude but where did u get your data?

Ever heard of Asia financial crisis,dot com bubble and recent great recession in 08 if your memory still dun fail you.

Last heard BoA is lashing 30,000 jobs by 2012 with UK banks like HSBC and RBS following suit. Other banks are tighting up and lowering cost by shifting operations and freezing hire at the moment.

13 years ago was the Asian Financial Crisis. Singapore was hit hard. Since then, not much. 30k job cut from BoA doesn't affect Singapore a bit. I read the Straits Times religiously and all I see is economy still doing well, young people buying properties and economy humming along. Nothing on job losses in Singapore, except well just today (or yesterday) where there's an article on a jobless chap starting a Facebook page to gain attention or something.

Originally Posted by Unregistered

13 years ago was the Asian Financial Crisis. Singapore was hit hard. Since then, not much. 30k job cut from BoA doesn't affect Singapore a bit. I read the Straits Times religiously and all I see is economy still doing well, young people buying properties and economy humming along. Nothing on job losses in Singapore, except well just today (or yesterday) where there's an article on a jobless chap starting a Facebook page to gain attention or something.

Perhaps u are being optimistic,well not a bad thing. But you cant ignore the fact the US is still the largest economy in the world, S'pore being export oriented and open economy will definitely take a hit just like what happened in '08.

P/S: Relying on our ranked 154th media as the main source of information is not the wisest choice, I would suggest that u read more widely to get a wider perspective of the issue. Cheers :-)

There are a lot of losers out there who keep trying to discourage people from joining finance industry say will retrench, job market depression, economic recession etc. They have been saying the same shi+ since I left school 7 years ago and now still going on.

Meanwhile many who dare to take the plunge and work hard in this industry have moved on to great career heights while the same losers are still moaning and bitching about being underpaid, miserable increment of a few hundred dollars a year etc.

[savio27]

Originally Posted by tomyP

There are a lot of losers out there who keep trying to discourage people from joining finance industry say will retrench, job market depression, economic recession etc. They have been saying the same shi+ since I left school 7 years ago and now still going on.

Meanwhile many who dare toAl take the plunge and work hard in this industry have moved on to great career heights while the same losers are still moaning and bitching about being underpaid, miserable increment of a few hundred dollars a year etc.

All job require hard work if not i doubt u can survive for long, just that in a cut throat financial industry u will need more than hard work to be succcessful.

S'pore should be insulated to some degree from the macro-economic weakness stretching from europe to the US.But believe.it will not be spared from the impact of another gobal meltdown.

Originally Posted by savio27

All job require hard work if not i doubt u can survive for long, just that in a cut throat financial industry u will need more than hard work to be succcessful.

S'pore should be insulated to some degree from the macro-economic weakness stretching from europe to the US.But believe.it will not be spared from the impact of another gobal meltdown.

No industry except maybe civil service will be spared from global melt down. A lot of losers are using this as an excuse to discourage ppl from joining finance industry.

One thing for certain, at least the people who chiong in banks reap big pay & bonus before getting laid off compared to some engineer who get no increase & bonus many years and still kena laid off in the end.

Originally Posted by tomyP

No industry except maybe civil service will be spared from global melt down. A lot of losers are using this as an excuse to discourage ppl from joining finance industry.

One thing for certain, at least the people who chiong in banks reap big pay & bonus before getting laid off compared to some engineer who get no increase & bonus many years and still kena laid off in the end.

People around me keep saying banks although pay high but will lay off, but from 2008 experience, I think whether you get the sack has more to do with luck than bank or not.

In bad economy all companies will lay off.

Originally Posted by Unregistered

People around me keep saying banks although pay high but will lay off, but from 2008 experience, I think whether you get the sack has more to do with luck than bank or not.

In bad economy all companies will lay off.

I think someone said semicon laid off more people.

Originally Posted by poorman

200k per annum?

If not ang moh how...my friend local singaporean leh.

ang mo will get >200K.
local with <5 yrs experience should be +/-5k.
If you get to senior middle level and senior level, >10k easily achieved.
Also depends on role within the reinsurance broking firm.
Producers tend to have different pay schemes.

Hope this helps!

[poorman]

Thank you very much!

Will convey the information to her so that she'll stop whining about it hah!