Seeking Advice For Jobs In Finance Sector - 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




Seeking Advice For Jobs In Finance Sector

Reply
 
Thread Tools
  #11 (permalink)  
Old 20-02-2012, 03:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by lonewalker View Post
Hi Jerry,

What kind of finance job are you looking at?

1) Bankers?
2) Traders?
3) Insurance Agents/ Financial Planners?
4) Brokers?
5) Financial Analyst?
6) Fund managers?
7) Accountants?


Finance sector is wide. Perhaps you would want to scale down the area of your interests.
It is obvious he has no idea what finance is about. He's just going on some vague idea that he likes investments and that means finance industry.

Reply With Quote
  #12 (permalink)  
Old 20-02-2012, 03:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by maze View Post
Why is it that every engineer likes to claim to have passion in investments and analyzing financial numbers because people around them have investments and therefore they want to enter banking sector?

Want to join banking just be upfront and admit that you love money and wish to pursue a field that lets you reap big material rewards instead of a low paying engineering job.

There's no need for this standard BS about being passionate in Finance, people who are really passionate in analyzing financial numbers can join any MNC as risk analyst, business analyst, sales intelligence support or even pursue a career in teaching & coaching in finance.

Nothing against TS, it's just that as an interviewer I have heard this same old story from so many people from non-Finance (usually engineering) background in the past 2 years that I sometimes wonder if there is some engineering professional body that teaches them to say the same thing.
So if there is one interviewee come to you and say he/she wants to join banking because he/she is obsessed with money, will you consider to hire him/her? Will you be impressed by the straightforwardness? Be frank dude...

Reply With Quote
  #13 (permalink)  
Old 20-02-2012, 05:34 PM
rbh
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
So if there is one interviewee come to you and say he/she wants to join banking because he/she is obsessed with money, will you consider to hire him/her? Will you be impressed by the straightforwardness? Be frank dude...
Most interviewers will not accept honest answer although they know its true. That being said, I think people who want to join finance & banking ought to come out with a more credible story.

Quite lame to say that you suddenly have passion in investments because your friends, parents, relatives around made investments or do business.

One possible story is to say you did some long term project in your current work that involve working with finance, bankers closely and after you got to understand what they do you realise finance might be the calling.

Reply With Quote
  #14 (permalink)  
Old 20-02-2012, 05:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by rbh View Post
Most interviewers will not accept honest answer although they know its true. That being said, I think people who want to join finance & banking ought to come out with a more credible story.

Quite lame to say that you suddenly have passion in investments because your friends, parents, relatives around made investments or do business.

One possible story is to say you did some long term project in your current work that involve working with finance, bankers closely and after you got to understand what they do you realise finance might be the calling.
Best answer I've heard: (1) Singapore is a finance and banking hub, so it makes sense to build a career in this sector. (2) Analytical skills in engineering are transferable to finance. (3) It's fair to say everyone strives for a good living, and finance is the sector that is able to provide just that for capable diligent people.
Reply With Quote
  #15 (permalink)  
Old 20-02-2012, 06:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Best answer I've heard: (1) Singapore is a finance and banking hub, so it makes sense to build a career in this sector. (2) Analytical skills in engineering are transferable to finance. (3) It's fair to say everyone strives for a good living, and finance is the sector that is able to provide just that for capable diligent people.
Above only works for fresh grads entering banking. People who mid-career switch, (1) and (3) not applicable and will be shot back with a "You mean you just realise that after working for so many years?"

(2) is only useful to answer if people question your ability on technical skills, but no use in explaining why he want to change industry.
Reply With Quote
  #16 (permalink)  
Old 20-02-2012, 06:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Above only works for fresh grads entering banking. People who mid-career switch, (1) and (3) not applicable and will be shot back with a "You mean you just realise that after working for so many years?"

(2) is only useful to answer if people question your ability on technical skills, but no use in explaining why he want to change industry.
So what's your best answer if you were the engineer?
Reply With Quote

  #17 (permalink)  
Old 20-02-2012, 07:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
So what's your best answer if you were the engineer?
Something along the line what rbh mention above saying you get some exposure to banking in your current work.

Not 100% convincing, but better than jerrykoh82's reason about friend doing business and like financial metric
Reply With Quote
  #18 (permalink)  
Old 20-02-2012, 08:45 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Something along the line what rbh mention above saying you get some exposure to banking in your current work.

Not 100% convincing, but better than jerrykoh82's reason about friend doing business and like financial metric
How many people have truly worked on long projects with dealings with finance and bankers? So, even if you don't have such experience, do you smoke your way through?
Reply With Quote
  #19 (permalink)  
Old 20-02-2012, 10:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How many people have truly worked on long projects with dealings with finance and bankers? So, even if you don't have such experience, do you smoke your way through?
Yup, smoke ur way through if needed, of course you need to do a bit of research around like ask finance colleague usually what their working liaison is with bankers.

Then try to spin a story with the info. You don't need in depth knowledge, just some surface stuff to at least show you have a proper thought process and make your passion sound more believable.

Of course no matter how you prepare always got danger will get caught, but this is still better than a totally childish story like I like investments because my ________ (insert person) do business and dabble with investment.

Straight away kena red flag as "I dun know anything about finance and just want to get in because people around me in finance/investment/banking look rich & cool"
Reply With Quote
  #20 (permalink)  
Old 21-02-2012, 09:24 AM
Unregistered
Guest
 
Posts: n/a
Default

It's all about being specific and interesting.

Example:

My father is a successful business man. I grow more and more interest in finance seeing him making business with many other people. ----> Failed.

My father expanded his loan shark business at his 40 (interesting point). I have been so amazed to learn that there is much profit on the difference between the interest he earns through the loans disbursed to customers and the interest he pay to his deposit customers (your finance sparks). So i decided to join finance...bla bla bla ----> Much better.
Reply With Quote
Reply

Bookmarks

Tags
finance

« 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
For jobs in public sector, when would the interveiw outcome be known? driver Income and Jobs 22 14-06-2013 11:59 AM
Seeking Advice for jobs in SG 04800798 Income and Jobs 2 18-02-2012 02:59 PM
Requesting Advice with Regards to Finance Sector EpicMonkey Income and Jobs 2 05-05-2011 01:29 PM
Seeking advice on Career jump CareerSG Income and Jobs 2 01-09-2010 10:46 AM
Banking and Finance Jobs Preferred Salary.sg Income and Jobs 1 11-01-2008 02:02 AM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
8,947 Replies, 5,183,239 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,280 Replies, 1,034,152 Views
Which degree is the best return on... ( 1 2 3... Last Page)
55 Replies, 10,342 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
31 Replies, 15,785 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,779 Replies, 494,864 Views
Pacific Refreshments - The Coca...
3 Replies, 337 Views
Stat board tiers ( 1 2 3... Last Page)
53 Replies, 26,125 Views
Cost of living in singapore will... ( 1 2)
17 Replies, 4,039 Views
anyone working at NCS ? ( 1 2 3... Last Page)
341 Replies, 260,226 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
189 Replies, 60,309 Views
Pay for digital marketing agencies
5 Replies, 1,570 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,791 Replies, 841,270 Views
Job offer from Apple ( 1 2 3... Last Page)
332 Replies, 58,255 Views
Schneider Electric - EGP (Grad... ( 1 2 3... Last Page)
54 Replies, 15,648 Views
Lawyer Salary ( 1 2 3... Last Page)
4,875 Replies, 2,126,513 Views
Anyone work for Casino (RWS/MBS) ?... ( 1 2)
14 Replies, 5,390 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,174 Replies, 206,168 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,908 Replies, 1,761,008 Views
Bad times?
9 Replies, 964 Views
Standard Chartered International... ( 1 2 3... Last Page)
53 Replies, 50,746 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
616 Replies, 312,717 Views
DBS BANK Interview replies ( 1 2 3... Last Page)
423 Replies, 252,606 Views
Working at Changi Business Park ( 1 2)
16 Replies, 1,683 Views
UBS Graduate Talent Program ( 1 2 3)
27 Replies, 20,680 Views
Mother looking for a job ( 1 2)
10 Replies, 956 Views
Career as Teacher ( 1 2 3... Last Page)
2,062 Replies, 1,393,964 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,606 Replies, 983,875 Views
ST Electronics ( 1 2 3... Last Page)
388 Replies, 173,626 Views
Whats your net worth ( 1 2 3... Last Page)
2,688 Replies, 758,780 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:09 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2