Need Advice Regarding Career Switch!

Originally Posted by Pitt

Agree with that but prolly not in the long run, wouldn't it affect my career progression..

Oh wow. Lots of sore people all around. Anyhow, the opportunity cost of doing a b&f degree is too high given your current pay. A typical DL b&f grad gets anywhere between 2.5-3.5k fresh out of school and given your non related experience, that's what you'll be drawing too. That's already 2.5k lower per month already. It will also tale quote awhile before you even reach the 6k mark, taking anywhere from 5 years to 7 years. Unless you are at your absolute ceiling with 6k, it'll not be worth it. Also you wouldn't be doing markets most likely and instead be doing ops, so there's that.

Hi Pitt,

You are doing well in the bank. May i know what's your starting pay in the bank?

Originally Posted by Pitt

Hello mates,

I'm new here. Allow me to introduce myself. I am turning 25 this year, holding a NITEC in IT cert. Currently working in one of the banks earning 6k/mth as an IT Analyst. I've been in the banking line for almost 3yrs now(my current company is not my first job btw). However over time, I have developed much interest towards the markets and wish to pursue studies on Econs & Finance.

I was wondering, what are the risks involved if I were to switch my career path. Or should I stick to IT and go further in depth. Will I be at a disadvantage since I have to start from scratch or is it too late for this switch. Would it be hard for me to secure a job in the financial sector since my education path is not outstanding.

Need some advice on this please. Thanks!

Given your Nitec qualifications, you will need to go through the pte UNI in house diploma program followed by the degree program. A 5 year time frame shortest.

You will be akin fresh grad doing back end operations not market analyst etc. if you are really drawing 6k (not impossible in IT field). Why not get some professional certifications (eg UNIX etc) and move on from there.

[Pitt]

Originally Posted by Unregistered

Oh wow. Lots of sore people all around. Anyhow, the opportunity cost of doing a b&f degree is too high given your current pay. A typical DL b&f grad gets anywhere between 2.5-3.5k fresh out of school and given your non related experience, that's what you'll be drawing too. That's already 2.5k lower per month already. It will also tale quote awhile before you even reach the 6k mark, taking anywhere from 5 years to 7 years. Unless you are at your absolute ceiling with 6k, it'll not be worth it. Also you wouldn't be doing markets most likely and instead be doing ops, so there's that.

Finally, a kind soul appeared. Thanks a lot for the advice, maybe I'll just progress on in IT. Are you in the banking sector too by any chance?

[Pitt]

Originally Posted by Unregistered

Given your Nitec qualifications, you will need to go through the pte UNI in house diploma program followed by the degree program. A 5 year time frame shortest.

You will be akin fresh grad doing back end operations not market analyst etc. if you are really drawing 6k (not impossible in IT field). Why not get some professional certifications (eg UNIX etc) and move on from there.

I was thinking of getting prof. certs too but the money over passion always rule out as being in IT, the cost center won't make as much compared to profit center. Thanks for your advice!

Originally Posted by Pitt

Finally, a kind soul appeared. Thanks a lot for the advice, maybe I'll just progress on in IT. Are you in the banking sector too by any chance?

Yup I'm in ops in a local bank. The thing is even with a b&f degree there's an almost 100% chance you'll be stuck in ops, which is changing from one cost center to another cost center. DL B&F degrees are useless in general especially since ops do not require any specific banking knowledge taught in those course and front office role will generally not look for a DL degree.

$6K? In what currency, ringgit? wahaha. rofl! You better wake up your idea.

Originally Posted by Unregistered

$6K? In what currency, ringgit? wahaha. rofl! You better wake up your idea.

Haven seen anyone as sore as you.
I have personally seen friends grad from NITEC earning >$5,000.

[Pitt]

Oh this thread is still alive, not surprising for people to bitch abt this thread, specifically me.

To those sore ppl, if you think you have achieved colorful papers but still struggling, you may want to reflect on your attitude. If you're already up there, i'm happy for you!

Anw i'm currently serving notice in this company, gotten another better opportunity(which of course the sores may smash their phones if i detail further)..

Wow! U r definitely earning way above most people to be honest. I was on a saf scholarship,went to imperial and got my degree. Came back, worked for 4 years before my pay hit 6k at 27 yo. And saf supposedly pays higher than most other govt jobs.

I know nuts abt the banking sector, but i would suggest u stick to IT, and go into IT security. There is a lack of talent in this area. Ur skillsets will be high in demand.