Business vs Engineering Degree - Page 6 - 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
  #51 (permalink)  
Old 23-11-2011, 01:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What lousy advice.

Stay until you get retrenched! If you're lucky, other banks will fall and yours will prosper.
Agree, situations are bad in europe and us, but not in asia.
many banks are still looking into expanding their pressence in the fastest growing region in the world. if your skillsets are asia specific, no reasons to fear.

bonus may not be great anymore, but hey everyone shld able to keep their job

try diversify skillset portfolio to additional asia language, regulatory/compliance, basel, risk management, capital management in next few years which is the main demand.

Reply With Quote
  #52 (permalink)  
Old 23-11-2011, 02:40 PM
Unregistered
Guest
 
Posts: n/a
Default

I do agree that everyone now knows about IB. That's why I'm glad to start my career on the buy-side.

Not to get into the discussion of trader vs Ibanker. Though I must say, the trader role (quant, directional) requires a certain level of smartness which a typical ibanker may not have. Speaking from experience here as my friend from MS did confess to me - He stays in the office until 2am just to receive a report from the branch in Hong Kong so he could put it in the powerpoint slide.

Do you really want your job to be like that?

Reply With Quote
  #53 (permalink)  
Old 23-11-2011, 03:48 PM
Unregistered
Guest
 
Posts: n/a
Default

For this topic, I would say that there is no right / wrong answer. I joined a graduate program in a bulge bracket. Of the cohort: 1 ended up doing prop trading, 1 ended up doing FX, and another did cross product structuring. There were 2 others who joined DCM/ECM, I joined Corp Fin and 2 more joined equities.

Corp Fin, DCM, ECM have higher base pay and a more structured bonus /promotion structure in the first 3-4 years. Whilst you don't make insane bonus, you are likely to end up better after the first 3-4 years. In terms of traits & skills: Hardworking, meticulous & attention to detail. Whilst you don't have to be brilliant, you still have to be smart. Hours are long but you do get periods in-between where you can take a breather.

The trader path is more stressful. First 2 years you probably do more support work / pupilage rather than actual trading. If you handle customer flows, there is still also a gestation period of about 1 year before you are independent on the desk. Base pay is lower but bonuses are more commensurate with performance. Working hours are short but intense. Performance is easily measurable which would mean that if you are not doing well, it shows up and you could fired.

Equities is somewhat in the middle. High base, lower variable. More manageable job hours. More "academic" job scope. In my opinion, a more friendly culture versus IB.

Quote:
Originally Posted by Unregistered View Post
I do agree that everyone now knows about IB. That's why I'm glad to start my career on the buy-side.

Not to get into the discussion of trader vs Ibanker. Though I must say, the trader role (quant, directional) requires a certain level of smartness which a typical ibanker may not have. Speaking from experience here as my friend from MS did confess to me - He stays in the office until 2am just to receive a report from the branch in Hong Kong so he could put it in the powerpoint slide.

Do you really want your job to be like that?

Reply With Quote
  #54 (permalink)  
Old 23-11-2011, 05:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The trader path is more stressful. First 2 years you probably do more support work / pupilage rather than actual trading. If you handle customer flows, there is still also a gestation period of about 1 year before you are independent on the desk.
Hmmm ... probably true if you are talking about traders in BB. Now, when expand our analysis to include any sort of firm in the buy-side, then I suspect that there are traders who skip the grunt work that exists in the middle/back office and sit right at the front office.

I didn't want to give too much away, but I know of a few places, those small little "shops" that are popping up here and there, where the traders make all the buying decisions without regard of what happens after the trade. Either through algorithms or pure trading intuition, they are the ones who call the shots leaving the people in the MO and BO to handle the admin.

You are correct. I am not talking about MS, GS or UBS here. But rather ... you probably know. I'll just say that as markets become more computerized, I find that there's this small group of people, those with the smartness to actually understand the technical side of stuff, that will prosper.

Maybe, they won't make more money than IBankers. Maybe they will. That's why I pose the prompt again ... high earning big name drone vs respectable buy-side smart guy, stay up late in BB vs make the right decisions in the short span of time.
Reply With Quote
  #55 (permalink)  
Old 24-11-2011, 09:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Well, at junior levels, sell-side pay more. That is why we work harder. Decent buyside outfits won't allow juniors to trade unless the size of the portfolio is really small, or the junior is just executing on order of the PM.

I would say it is better to start of at the sell-side and move to the buy-side at mid-late career, in my humble opinion.

Just like most people start off on Corp fin before moving to PE.

Quote:
Originally Posted by Unregistered View Post
Hmmm ... probably true if you are talking about traders in BB. Now, when expand our analysis to include any sort of firm in the buy-side, then I suspect that there are traders who skip the grunt work that exists in the middle/back office and sit right at the front office.

I didn't want to give too much away, but I know of a few places, those small little "shops" that are popping up here and there, where the traders make all the buying decisions without regard of what happens after the trade. Either through algorithms or pure trading intuition, they are the ones who call the shots leaving the people in the MO and BO to handle the admin.

You are correct. I am not talking about MS, GS or UBS here. But rather ... you probably know. I'll just say that as markets become more computerized, I find that there's this small group of people, those with the smartness to actually understand the technical side of stuff, that will prosper.

Maybe, they won't make more money than IBankers. Maybe they will. That's why I pose the prompt again ... high earning big name drone vs respectable buy-side smart guy, stay up late in BB vs make the right decisions in the short span of time.
Reply With Quote
  #56 (permalink)  
Old 25-11-2011, 12:27 AM
Unregistered
Guest
 
Posts: n/a
Default

Hmmm ... I think it's more accurate to say that sell-side on average pays more. Since sell-side traders tend to stay market neutral, it is more likely that a buy-side trader makes a huge trade when he predicts the correct upswing or downswing of the market.

Your opinion, usually common among most future financiers, is well founded. Though I have been reading of many kids who wants to immediately start on the buy side. While a big generalization, I'll say sell side gives you a more macro view of the economy while the buy side specifically demands that you know of one market and one product well. But like you said, they usually start trading one or two years after joining the firm.

Quote:
Originally Posted by Unregistered View Post
Well, at junior levels, sell-side pay more. That is why we work harder. Decent buyside outfits won't allow juniors to trade unless the size of the portfolio is really small, or the junior is just executing on order of the PM.

I would say it is better to start of at the sell-side and move to the buy-side at mid-late career, in my humble opinion.

Just like most people start off on Corp fin before moving to PE.
Reply With Quote

  #57 (permalink)  
Old 07-08-2015, 03:43 AM
Aleem
Guest
 
Posts: n/a
Post Which one is better between bba vs cse

My brother is worried because we don't have money to pay fees for engineering so I tell my brother to get bba so I want to know bba is right for him his feature please answered me fast
Reply With Quote
  #58 (permalink)  
Old 07-08-2015, 10:12 AM
Unregistered
Guest
 
Posts: n/a
Default

take both

s://.comp.nus.edu.sg/undergraduates/dd_computing_business.html
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
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,600 Replies, 2,021,907 Views
Compare civil service salary ( 1 2 3... Last Page)
14,217 Replies, 8,902,620 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,132 Replies, 563,812 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,186 Replies, 2,400,797 Views
High Finance Thread ( 1 2 3... Last Page)
1,128 Replies, 253,005 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,755 Replies, 955,731 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
501 Replies, 140,429 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,060 Replies, 2,930,094 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
76 Replies, 7,638 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,613 Replies, 3,092,906 Views
Micron starting pay ( 1 2 3... Last Page)
429 Replies, 159,946 Views
Engineer Pay ( 1 2 3... Last Page)
453 Replies, 240,221 Views
ST Electronics ( 1 2 3... Last Page)
2,790 Replies, 844,368 Views
Career as Teacher ( 1 2 3... Last Page)
5,616 Replies, 3,495,202 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
230 Replies, 251,543 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
957 Replies, 629,857 Views
Lawyer Salary ( 1 2 3... Last Page)
17,128 Replies, 6,429,711 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,133 Replies, 296,941 Views
GovTech ( 1 2 3... Last Page)
3,172 Replies, 853,115 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,300 Replies, 707,513 Views
ByteDance / TikTok ( 1 2)
17 Replies, 3,849 Views
2022 Full time/Summer internship... ( 1 2)
16 Replies, 2,298 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,969 Replies, 1,919,982 Views
Open Government Products (under...
9 Replies, 956 Views
Want to Save More Money? Our Free...
6 Replies, 8,481 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,379 Replies, 2,296,334 Views
Work culture in IHiS ( 1 2 3... Last Page)
331 Replies, 222,539 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
91 Replies, 131,048 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,155 Replies, 517,496 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,279 Replies, 1,496,568 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:36 PM.


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