My plan for breaking into 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




My plan for breaking into finance sector

Reply
 
Thread Tools
  #11 (permalink)  
Old 28-02-2012, 08:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by alwaysnforever View Post
Currently 27 this year, and I am studying for my gmat, and will apply to SMU's masters in applied finance next year. If all goes well, I will grad at age 29/30 depending on whether I take full time or part time studies.

I am currently in the public sector, and as I have no real skillset in finance, I think this will be the best option for me to break into to that sector, with a higher notch above the fresh grads.

Comments?
I suggest u ask around first and find out whether top tier financial inst actually hirefrom smu at an assocaite type level (as opposed to analyst level, no diff from fresh grad). Otherwise wasting time n money

Reply With Quote
  #12 (permalink)  
Old 28-02-2012, 10:17 PM
Super Member
 
Join Date: May 2011
Posts: 168
Anonymous is on a distinguished road
Default

I strongly suggest you do an MBA overseas rather than the applied finance course. The options available to you will be significantly increased. You might be thinking of going into investments, or IB, etc (although it is not easy). They tend to hire MBAs over the rest.

Reply With Quote
  #13 (permalink)  
Old 28-02-2012, 11:20 PM
Senior Member
 
Join Date: Feb 2010
Posts: 67
alwaysnforever is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
I suggest u ask around first and find out whether top tier financial inst actually hirefrom smu at an assocaite type level (as opposed to analyst level, no diff from fresh grad). Otherwise wasting time n money
quite a number of financial institutions hire associates at the masters level, although it may be a lot trickier to know if SMU is a msc finance school they will consider. I could do an associate level programme at a local bank before switching over to bigger banks and BB.

Quote:
Originally Posted by Anonymous View Post
I strongly suggest you do an MBA overseas rather than the applied finance course. The options available to you will be significantly increased. You might be thinking of going into investments, or IB, etc (although it is not easy). They tend to hire MBAs over the rest.
An MBA overseas is too expensive currently... I am pretty much only interested in equities research and fund management.

Reply With Quote
  #14 (permalink)  
Old 29-02-2012, 12:16 AM
Super Member
 
Join Date: May 2011
Posts: 168
Anonymous is on a distinguished road
Default

Quote:
Originally Posted by alwaysnforever View Post
quite a number of financial institutions hire associates at the masters level, although it may be a lot trickier to know if SMU is a msc finance school they will consider. I could do an associate level programme at a local bank before switching over to bigger banks and BB.



An MBA overseas is too expensive currently... I am pretty much only interested in equities research and fund management.
hmm... good luck. equity research maybe still got slim hope but fund management, i must say is really fat hope with 0 experience and a msc in applied finance after being in the govt. im just being honest.
Reply With Quote
  #15 (permalink)  
Old 29-02-2012, 12:21 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by alwaysnforever View Post
quite a number of financial institutions hire associates at the masters level, although it may be a lot trickier to know if SMU is a msc finance school they will consider. I could do an associate level programme at a local bank before switching over to bigger banks and BB.t.
Get the facts before you leap. Ask friends or friends of friends who are working in the type of roles you want to underatand how and where they recuit. Use linkedin and contact alumni of the smu program to see where they landed and how their job search worked out. Etc. No point thinking in terms of could be and maybes and wasting your time doing the smu program if its not going to help
Reply With Quote
  #16 (permalink)  
Old 29-02-2012, 07:20 AM
Senior Member
 
Join Date: Feb 2010
Posts: 67
alwaysnforever is on a distinguished road
Default

Quote:
Originally Posted by Anonymous View Post
hmm... good luck. equity research maybe still got slim hope but fund management, i must say is really fat hope with 0 experience and a msc in applied finance after being in the govt. im just being honest.
no one is going to do fund management with 0 experience. I am saying fund management is my end game goal...
Reply With Quote

  #17 (permalink)  
Old 29-02-2012, 08:22 AM
Super Member
 
Join Date: May 2011
Posts: 168
Anonymous is on a distinguished road
Default

Quote:
Originally Posted by alwaysnforever View Post
no one is going to do fund management with 0 experience. I am saying fund management is my end game goal...
hmm... perhaps I should put it this way.
i suppose you know how competitive it is to get into investment banking right?
the number of private equity jobs is but a small fraction of that. maybe 1 in 10? if you are thinking hedge fund, even smaller. That's why I said good luck. Even if you somehow get in (miracle) the half life of most funds is what, 6 years? Suggest you get a sense of exactly what the fund management business is about, and do a reality check.
Reply With Quote
  #18 (permalink)  
Old 29-02-2012, 08:41 AM
Unregistered
Guest
 
Posts: n/a
Default

1) ur age works against u.

2) ur background works against u (no financial experience).

3) ur sch works against u (SMU).

For (1), cannot be helped. cos we got to serve 2 yrs of NS plus u made the wrong choice of joining the government.

For (2), if can, quit n find a finance job/internship. does not matter if it is a big or small company, or front or back office or wat. Employers want to see that u r want to join the finance industry in your resume.

if u really wanna be serious, like others suggest, pls get an overseas Masters. Otherwise front office positions u can really kiss goodbye already with your background. Equity research is considered front office.

n really from your replies, i think u have no idea of what you are getting into. another one of those government workers who thinks they are lowly paid and wants to enter the finance industry. Ask what they know, they say equity research cos i buy stocks on my own. Nobody cares abt ur trading record honestly.

Only ur sch brand + relevant finance job exp + age matters.
Reply With Quote
  #19 (permalink)  
Old 29-02-2012, 09:52 AM
QXP
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by alwaysnforever View Post
yes sell side analyst. Both fund manager and the analyst requries you to study the equities carefully and the valuation of the company, which is what I am interested in.
Quote:
Originally Posted by alwaysnforever View Post
yes sell side analyst. Both fund manager and the analyst requries you to study the equities carefully and the valuation of the company, which is what I am interested in.
Where to start?

1. Your answers so far suggest that you have close to zero understanding on the role of a fund manager as well as the myriad of business models and trading strategies of the money management world.

2. If you think a sell-side analyst’s key job is to “study the equities carefully and the valuation of the company”, you are in for a rude shock if you ever get the job.

In terms of banking prospects, you age, experience and the MBA you want to take, I think other forumers have already articulated clearly enough for you, no need for me to elaborate further.

What I can tell you is this – You need to grow up and do some serious research on what Finance/Banking/Investment is all about before wasting money and time on a Finance MBA. You are operating purely on an individual small timer buy stock sell stock manner and your understanding of the Finance world reflects that.

If you are not convinced by the sharings of experienced forumers here, then find some way and talk to an investment insider with the same silliness you are talking here, I predict he/she will have a good laugh and recommend you stay in the civil service as well.
Reply With Quote
  #20 (permalink)  
Old 29-02-2012, 03:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Here's my path into investment research:

1. Graduated from local school. Top 5% of cohort. Finance related discipline
2. 3 years experience in banking line doing other front office roles (in bulge bracket)
3. No MBA

Advice: Timing. Luck and networking. Got the job purely because I knew the right people and waited for sometime till they had a headcount. This plus a personal recommendation from a friend to her boss.
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
Private Sector vs Public Sector androidguy Income and Jobs 36 30-10-2021 10:21 AM
Please advise on my career path plan seablue Income and Jobs 15 05-04-2020 11:37 AM
Seeking Advice For Jobs In Finance Sector jerrykoh82 Income and Jobs 60 29-10-2013 11:22 PM
Requesting Advice with Regards to Finance Sector EpicMonkey Income and Jobs 2 05-05-2011 12:29 PM
Finance or Engineering? momojojo Education and Personal Growth 7 21-07-2009 06:19 PM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,655,976 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,730 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,303 Replies, 4,981,914 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,454 Replies, 784,123 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,768,183 Views
Career as Teacher ( 1 2 3... Last Page)
10,818 Replies, 6,662,418 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,453,055 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 308,812 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
678 Replies, 388,011 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,770 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,902,355 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,749 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,359 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,936 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,524 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,066 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,377 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,860 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,145 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,043,164 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,346 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,167 Views
MX12 reappointed at MX11
8 Replies, 766 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,214 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,786 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,926 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,364 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,446 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,264 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,782 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:31 PM.


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