Business vs Engineering Degree - Page 3 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Business vs Engineering Degree

Reply
 
Thread Tools
  #21 (permalink)  
Old 16-11-2011, 12:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Wiseman1 View Post
I cannot understand why the discussion is always around IB and the fat salaries blah blah blah, if you take into account the ridiculous long working hours, the pay does not seem so fantastic anymore....
The Finance/Banking/Accountacy field is more than just IB....the following roles pay almost as well but with much better work-life balance:

(1) Banking risk management
(2) Banking compliance
(3) Product Controllers
(4) Priority Banking/Private Banking
(5) Finance Business Partners in big names IT firms
(6) Equity sales
(7) Fixed Income trading
I can understand people taking lower paying jobs for better hours, but the jobs listed above are nowhere near that of IB. Most of them maximum earnings after many years still have problems matching a fresh grad IB.

(1) Banking risk management Back office, max 180k inc bonus
(2) Banking compliance Back office, max 150k inc bonus
(3) Product Controllers Not sure, no comment
(4) Priority Banking/Private Banking Private Banking possible to match IB, but Priority Banking very unlikely
(5) Finance Business Partners in big names IT firms Fancy name for Finance Manager / Controller, possible to hit 200k after many years, but bonus potential nowhere near IB
(6) Equity sales Hard to tell, almost 80-100% commission based
(7) Fixed Income trading Possible to match IB, but I dun think working hours are shorter than IB

Out of the 7 jobs listed, 6 are still banking related jobs. There really are more Finance/Banking/Accountacy jobs out there than banks. Really.

Reply With Quote
  #22 (permalink)  
Old 16-11-2011, 12:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Was nodding my head untill you started posting on the roles that "pay almost as well" as IB.

You don't know what you are talking about. .


Quote:
Originally Posted by Wiseman1 View Post
I cannot understand why the discussion is always around IB and the fat salaries blah blah blah, if you take into account the ridiculous long working hours, the pay does not seem so fantastic anymore....
The Finance/Banking/Accountacy field is more than just IB....the following roles pay almost as well but with much better work-life balance:

(1) Banking risk management
(2) Banking compliance
(3) Product Controllers
(4) Priority Banking/Private Banking
(5) Finance Business Partners in big names IT firms
(6) Equity sales
(7) Fixed Income trading


Reply With Quote
  #23 (permalink)  
Old 16-11-2011, 12:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Wiseman1 View Post
I cannot understand why the discussion is always around IB and the fat salaries blah blah blah, if you take into account the ridiculous long working hours, the pay does not seem so fantastic anymore....
The Finance/Banking/Accountacy field is more than just IB....the following roles pay almost as well but with much better work-life balance:

(1) Banking risk management
(2) Banking compliance
(3) Product Controllers
(4) Priority Banking/Private Banking
(5) Finance Business Partners in big names IT firms
(6) Equity sales
(7) Fixed Income trading
In fact 6 and 7 can actually earn considerably more than ib. Darn hard to get into as well. Possibly harder than ib as there are simply less of these positions out there.

Reply With Quote
  #24 (permalink)  
Old 16-11-2011, 12:36 PM
Senior Member
 
Join Date: Jul 2011
Posts: 38
poorman is on a distinguished road
Default

SMU. without question bro.

One of the posters is right about them grooming you to work in high-powered companies like MNCs or Banks. Even if you're average SMU student, the brand is so effective with companies right now that the sight of a SMU student applying for any job will make the HR wet with excitement.

NUS engineerinig you're just going to be churned out like the rest and then compete with foreign engineers who may be smarter and cheaper than you are.
Reply With Quote
  #25 (permalink)  
Old 16-11-2011, 01:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by poorman View Post
SMU. without question bro.

One of the posters is right about them grooming you to work in high-powered companies like MNCs or Banks. Even if you're average SMU student, the brand is so effective with companies right now that the sight of a SMU student applying for any job will make the HR wet with excitement.

NUS engineerinig you're just going to be churned out like the rest and then compete with foreign engineers who may be smarter and cheaper than you are.
Agree. Quit engineering.
Reply With Quote
  #26 (permalink)  
Old 16-11-2011, 01:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Don't do engineering.. you will get owned by the FT (Indians, China, Viets)

In B&F, at least you have a fighting chance at first class honors

Quote:
Originally Posted by Unregistered View Post
Agree. Quit engineering.
Reply With Quote

  #27 (permalink)  
Old 16-11-2011, 01:59 PM
Unregistered
Guest
 
Posts: n/a
Default

I am from equities. The average earner in IB still earns more. To many, IB is one of the simplest and most assured paths towards getting a decent income. The rest are very peformance dependent

Quote:
Originally Posted by Unregistered View Post
In fact 6 and 7 can actually earn considerably more than ib. Darn hard to get into as well. Possibly harder than ib as there are simply less of these positions out there.
Reply With Quote
  #28 (permalink)  
Old 16-11-2011, 04:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by poorman View Post
Even if you're average SMU student, the brand is so effective with companies right now that the sight of a SMU student applying for any job will make the HR wet with excitement.
Wow. So the SMU marketing team hangs out here in salary.sg forum too?
Reply With Quote
  #29 (permalink)  
Old 16-11-2011, 05:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wow. So the SMU marketing team hangs out here in salary.sg forum too?
it shows they are serious in their business. NTU staff are busy figuring out how to use the browser.
Reply With Quote
  #30 (permalink)  
Old 17-11-2011, 11:36 AM
Unregistered
Guest
 
Posts: n/a
Talking

Quote:
Originally Posted by Unregistered View Post
it shows they are serious in their business. NTU staff are busy figuring out how to use the browser.
OMG! hahahaha


I'm also engineer aspiring to shift to Banking, but I'm scared of the layoffs which are more frequent in banking
Reply With Quote
Reply

Bookmarks

Tags
business, engineering, ibanking, investment banking

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
ANZ Singapore-NZ Scholarship Programme (for Commerce/Business degree) warning Education and Personal Growth 1 13-06-2012 09:55 PM
Accountancy or Business Degree? slayercsa Income and Jobs 1 17-07-2011 09:00 PM
ANZ Singapore-NZ Scholarship Programme (for Commerce/Business degree) warning Education and Personal Growth 0 04-07-2011 08:17 PM
Is business management degree relevent? dryden28 Education and Personal Growth 4 01-02-2011 05:05 PM
Degree in business management nightrod Income and Jobs 3 30-01-2011 04:56 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,209 Replies, 2,404,187 Views
ST Electronics ( 1 2 3... Last Page)
2,792 Replies, 845,514 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,152 Replies, 565,004 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,061 Replies, 2,931,910 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
78 Replies, 7,916 Views
Polytechnic lecturer salary range ( 1 2 3)
24 Replies, 78,838 Views
Compare civil service salary ( 1 2 3... Last Page)
14,218 Replies, 8,906,250 Views
High Finance Thread ( 1 2 3... Last Page)
1,136 Replies, 253,641 Views
Engineer Pay ( 1 2 3... Last Page)
456 Replies, 240,854 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,756 Replies, 957,168 Views
Lawyer Salary ( 1 2 3... Last Page)
17,132 Replies, 6,433,480 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
49 Replies, 69,803 Views
Micron starting pay ( 1 2 3... Last Page)
430 Replies, 160,466 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,601 Replies, 2,022,901 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,970 Replies, 1,921,147 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
501 Replies, 141,063 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,613 Replies, 3,093,880 Views
Career as Teacher ( 1 2 3... Last Page)
5,616 Replies, 3,498,058 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
230 Replies, 251,839 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
957 Replies, 630,434 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,133 Replies, 297,216 Views
GovTech ( 1 2 3... Last Page)
3,172 Replies, 853,983 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,300 Replies, 707,762 Views
ByteDance / TikTok ( 1 2)
17 Replies, 3,902 Views
2022 Full time/Summer internship... ( 1 2)
16 Replies, 2,330 Views
Open Government Products (under...
9 Replies, 996 Views
Want to Save More Money? Our Free...
6 Replies, 8,499 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,379 Replies, 2,297,378 Views
Work culture in IHiS ( 1 2 3... Last Page)
331 Replies, 222,804 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
91 Replies, 131,149 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:17 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2