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Unregistered 06-10-2012 05:10 PM

Quote:

Originally Posted by Unregistered (Post 28744)
Hi, how to get into Corporate Finance, Merger & Aquisition (M&A)? What kind of experience are they looking for?

Hi, I am the one who posted this question. Most importantly, what kind of experience are they looking for?

Unregistered 06-10-2012 06:18 PM

Quote:

Originally Posted by Unregistered (Post 28776)
Hi, I am the one who posted this question. Most importantly, what kind of experience are they looking for?

They're looking for M&A and corporate finance experience. If you're a fresh grad, you don't have any experience, so you will have to ace the interview if they grant you one.

Unregistered 06-10-2012 08:00 PM

Quote:

Originally Posted by Unregistered (Post 28777)
They're looking for M&A and corporate finance experience. If you're a fresh grad, you don't have any experience, so you will have to ace the interview if they grant you one.

Actually, what I meant was without M&A and corporate finance experience, what kind of bank area will give you better chances to be considered for interview, besides all those mandatory qualification such as good degree grade and such? For example, they may prefer someone with few years in enterprise banking area or few years in consumer banking area or OTHER areas (so which area will expose you to more of something more preferably to be considered for CF, M&A)? Someone help pls!

Sam Adams 08-10-2012 07:10 AM

They look for their DBS scholars...

Unregistered 08-10-2012 05:30 PM

Quote:

Originally Posted by Unregistered (Post 28779)
Actually, what I meant was without M&A and corporate finance experience, what kind of bank area will give you better chances to be considered for interview, besides all those mandatory qualification such as good degree grade and such? For example, they may prefer someone with few years in enterprise banking area or few years in consumer banking area or OTHER areas (so which area will expose you to more of something more preferably to be considered for CF, M&A)? Someone help pls!

Its more about connections, you are not suited for banking if you keep thinking like a normal employee concern over experience, deparmnet, grades

Unregistered 08-10-2012 07:39 PM

Quote:

Originally Posted by Unregistered (Post 28837)
Its more about connections, you are not suited for banking if you keep thinking like a normal employee concern over experience, deparmnet, grades

What kind of considerations are there usually in an interview? Eg how much % is culture fit, % skill sets, etc? Or is it general basis depending on how much the interviewers like you....

Unregistered 15-10-2012 05:45 PM

BEC - ~2.2
BEB - ~2.5
BEA - ~2.9
Analyst - ~3.3 to 3.8
Assoc - ~4 to 5
VP - ~5 to 7

Not sure after VP how much is the salary, but this is just a rough guide depending on what position and if there's any allowance. Bonus not included.

Does not apply to RM and sales-related positions.

Progression about 2 years at each level minimum. Of course there are people who manage to level up before 2 years, but there are people who are stuck even after 5 years.

Hope this helps.

Unregistered 15-10-2012 06:38 PM

Why join DBS Corp Fin, work your ass out for S$3k a month?

But to answer your qn, best department is MA program (if you want to get into corp fin indirectly).

Otherwise, try corporate banking (not commercial banking.)


Quote:

Originally Posted by Unregistered (Post 28779)
Actually, what I meant was without M&A and corporate finance experience, what kind of bank area will give you better chances to be considered for interview, besides all those mandatory qualification such as good degree grade and such? For example, they may prefer someone with few years in enterprise banking area or few years in consumer banking area or OTHER areas (so which area will expose you to more of something more preferably to be considered for CF, M&A)? Someone help pls!


Unregistered 16-10-2012 10:58 AM

Quote:

Originally Posted by Unregistered (Post 29074)
BEC - ~2.2
BEB - ~2.5
BEA - ~2.9
Analyst - ~3.3 to 3.8
Assoc - ~4 to 5
VP - ~5 to 7

Not sure after VP how much is the salary, but this is just a rough guide depending on what position and if there's any allowance. Bonus not included.

Does not apply to RM and sales-related positions.

Progression about 2 years at each level minimum. Of course there are people who manage to level up before 2 years, but there are people who are stuck even after 5 years.

Hope this helps.

This range is totally off track, AVP in a typical corporate dept is already 7-12k & most SVPs are >25k, how can a VP be 5-7k?

cslee 16-10-2012 11:31 AM

Quote:

Originally Posted by Unregistered (Post 28698)
Lol.
But his question is also somewhat related to what I wanted to know. Which areas of bank will get you better chances to move to iB, such as institutional banking, consumer banking and risk management? And how many years of exp?

I'm not in finance sector. But I do come across this website, where it describes what's IB and how to get in:

Finance Careers: Investment Banking Analyst

Another "fun" book to read about IB (and how to get into) is: Liar's Poker

Liar's Poker: Michael Lewis: 9780393338690: Amazon.com: Books

They're in Wall Street context. I thought it might be applicable here (except the pay differences maybe), as still the same bulge bracket firms.

In short, IB career = selling your own soul and life to the Bank for top and smart monies. Perhaps, someone can provide insights in local context.


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