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Sod advice is pretty sound, and quite agreed with him
I think ur friend even with a second class is performing really well in his/ her work and thus the quick pay rise within three years of work.

I believe as long as knowing ur interest or passion is and a little bit of effort, any industry will also compensate you well enough for what you r doing.
There's this saying行行出状元. If ur interested in culinary, opening a hawker can also make you five digits.

Ur thinking too much about ROI. That's why u mention there's this whole groupthink stuff of going finance industry or selected jobs because your mind is also thinking what the common man on the streets are thinking(money). Which make me wonder should you rly go into legal or lawyer as their thinking are often wired diff from the average ppl.

I think I've read some article some time ago,( applies to US only) and this article was saying for the remuneration vs work hours, macdonalds staff earn more than the fresh starters in IB. And if u were a us citizen, would that make u look for a job position in macdonalds after u complete ur law deg? Just some thoughts on that

Quote:

Originally Posted by Unregistered (Post 54021)

it is not that hard lar, my g/f was from NTU engineering with 2nd lower also can get in PWC.

Please considering posting a photo of her to justify the job offer. You can draw a black bar to cover the eyes (for privacy).

Quote:

Originally Posted by lifeistough (Post 53996)

Hey all,

I'm a local law grad, projected to grad with high 2nd upper (currently easily above the 20th percentile) in 2 years or so. Lately I've been thinking of starting out in a non-law industry for the following reasons:

1) The legal job market is an employer's market. I estimate around 800 law grads (from local and UK unis) competing for around 300 spots in big4 and reputable medium firms by the time I graduate. What this translates to is relative difficulty in picking the right firm and right practice area.

2) I never had an interest in law. This means that I'm driven to law primarily by the ROI. Unfortunately, the ROI in law isn't as good as people may think. The hours in big4 corporate are extremely long (9am - 12am + weekends) and the pay is ~6k starting. The progression is something like ~1k increment and 4-6 months bonus PA. Thing is, I only know of IB and MBB consulting that can beat this kind of pay.

3) I really enjoyed finance and consulting. I did a few finance modules and I quite enjoyed them as I found they made much more 'sense' than law modules. I've also done consulting work for actual companies and found such work to be very enjoyable as well.

So here comes the questions:

1) Are my impressions of the legal/non-legal job landscape accurate?

2) What other industries/specific jobs that I have a reasonable chance to enter, and that will provide a better or comparable pay package? I'm open to most industries, but was looking at IB, consulting, and management assoc programmes.

I've been asking round my contacts and career counsellors but would like as many perspectives on this as possible. Thanks so much for reading through this post!

You're not willing to settle for a smaller sized firm?

Quote:

Originally Posted by Unregistered (Post 63875)

You're not willing to settle for a smaller sized firm?

hi, thankfully I secured a place in the firm and department of my choice, in a JV. looks like its long hours ahead!

Yup, I pretty must agree with those responding to the OP. In summary, for starting, you are looking at at best 4k if coming from a local uni, at a slight premium of 6k coming from global recognized ivies.

I'll add value to this thread by suggesting possible ways if you really want to fast track to five digit per month asap. You friend is a good example. These are the few ways I know, outside the super lucky ones selling insurances, property, etc.

1. Yup, the IB and MC jobs. But as mentioned, they take in global ivies with internship experiences with them.
2. Sales in oil brokerage. Spend a year or two learning the business, then generate sales.
3. Start out as research analyst in an asset management company, generate a few good ideas, be reward handsomely. It depends on the style of investing, but know it isn't easy. You're golden if you can predict price movements correctly more than 50% of the time.

I'm from an Ivey and I'm in path 3.