Advise on a career path in finance/investment - Page 2 - 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




Advise on a career path in finance/investment

Reply
 
Thread Tools
  #11 (permalink)  
Old 28-11-2011, 10:02 PM
Unregistered
Guest
 
Posts: n/a
Default good advice

i'm an undergrad and no expert, but this is really good wake-up advice for people who've not just graduated but are in the midst of undergraduate studies too. many in my school who study finance have the mindset that they are a shoo-in for investment banking/sales and trading roles. but the reality is, both do the same things when they graduate regardless what role they get - they do the ***t work of 3rd year analysts, Associates, VPs and maybe run errands for clients. it doesn't matter if you work in a boutique or a BB, or even FO or BO, your job is to smile and still get the dirty work done.

You can try to look for roles that you're interested in, but an actuarial background is best suited eventually for a role in IB Risk or some other Risk management related role. Your background sounds impressive but you seem confused and too idealistic. Your options now given such a lousy hiring market probably are

1. stick it out and do an MBA related to risk mgmt, or even applied finance, then reapply
2. jump for a junior analyst role in a fund mgmt house/PE/VC - something similar to a fresh grad job (short term pain for long term gain in terms of pay vs career development, btw you have to network your ass off to get those jobs cos they only take in Ivy/Oxbridge)

i believe if you want something you'll eventually get it, but dont chart your course towards it. gotta let things play out and see how they go. just don't quit again when you get your 'ideal' job due to some other reason. haha, good luck!

Reply With Quote
  #12 (permalink)  
Old 29-11-2011, 01:26 AM
Unregistered
Guest
 
Posts: n/a
Default

And the funny thing is people are complaining that foreigners are "stealing" our jobs. LOL.

Quote:
Originally Posted by flatstopix View Post
End of the day nobody can advise passer-by’s problem, just take a look at the kind of job he wants to do:

1) Highly paid - seeing he went to insurance, IB, now want to go investment, fund manager etc., he won’t accept normal fresh grad pay in other functions in normal / smaller companies

2) Cannot be desk bound – Must got opportunity to go out meet big shots, get business exposure, don’t want to face PC whole day

3) Not technical / No Exam – Don’t want technical job, don’t want to go for additional exam.

4) No administration – Too boring for his action figure self

5) Not stressful frontline – Must have excitement, but cannot be too stressful and affect his mental & physical health, must come with work life balance.

6) Good boss – Management cannot be too ambitious, supervisor cannot be emo and pass the stress to him and environment must be “non-toxic” whatever that means

7) Cannot be routine – Because he super big shot, so routine job troubleshooting for others and helping to solve problems for others is beneath his stature

8) Cannot be always restructuring – Complain organization too big his team job scope too limited, then complain why his department keep changing due to restructuring

9) Must have business and investment exposure – Whatever that means… As if any company going to hire a freshie job hopper to make their investment decisions. LOL

10) Must have transferrable skills – Because he still want to move back to FO in some unspecified time in the future

11) Wants to be fund manager – Yep, but I suppose this fund manager job must meet all 10 conditions above also

So what does he have to offer from his side?

1) Normal uni degree

2) CFA not complete yet

3) A hooch pooch of jobs in which he stayed for a year or less in each place

And this guy wonders why nobody is hiring him?


Reply With Quote
  #13 (permalink)  
Old 29-11-2011, 05:00 PM
Senior Member
 
Join Date: Jul 2011
Posts: 38
poorman is on a distinguished road
Default

The above post is a hard knock out summary of what's exactly wrong with the current generation of fresh graduates seeking to land that 'dream' job

Thread may be closed lol.

Reply With Quote
Reply

Bookmarks

« 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
Please advise on my career path plan seablue Income and Jobs 15 05-04-2020 11:37 AM
[Help] which path to take to be a doctor? zenoallo Education and Personal Growth 11 22-04-2018 01:34 AM
Wine Investment jacksiew Investments and Net Worth 6 18-05-2012 07:11 AM
Need advise on which studies path to choose traveller Income and Jobs 5 09-09-2011 03:19 PM
Mid-career switch to banking and finance? Salary.sg Income and Jobs 2 12-04-2010 09:25 AM

» 30 Recent Threads
Civil Service Current Estimated... ( 1 2 3... Last Page)
167 Replies, 308,484 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,292 Replies, 4,980,864 Views
Constituency Manager (People... ( 1 2 3... Last Page)
987 Replies, 813,599 Views
Career as Teacher ( 1 2 3... Last Page)
10,815 Replies, 6,660,041 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,901,459 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,451 Replies, 783,804 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,697 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,322,935 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,018 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,161,950 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 357,769 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,313 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,597 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,543,874 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,042,813 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,337 Replies, 4,766,892 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,826 Replies, 4,655,081 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,188 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,737,887 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
675 Replies, 387,695 Views
MX12 reappointed at MX11
8 Replies, 747 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
307 Replies, 368,470 Views
Compare civil service salary ( 1 2 3... Last Page)
16,340 Replies, 12,451,441 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,153 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,586 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,900 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,351 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,383 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,236 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,740 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:42 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2