Fresh grad job dillemma - Page 2 - Forums Forums  

Go Back Forums > The Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries

Fresh grad job dillemma

Thread Tools
  #11 (permalink)  
Old 09-08-2014, 11:46 AM
Posts: n/a

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

Reply With Quote
  #12 (permalink)  
Old 10-08-2014, 10:14 AM
Verified Member
Join Date: Jun 2014
Posts: 23
RedOrangeYellow is on a distinguished road

Originally Posted by Unregistered View Post
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).

Reply With Quote
  #13 (permalink)  
Old 10-03-2015, 12:25 AM
Posts: n/a

Originally Posted by lifeistough View Post
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?

Reply With Quote
  #14 (permalink)  
Old 10-03-2015, 08:35 AM
Verified Member
Join Date: Jul 2014
Posts: 16
lifeistough is on a distinguished road

Originally Posted by Unregistered View Post
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!
Reply With Quote
  #15 (permalink)  
Old 11-03-2015, 12:12 PM
Posts: n/a

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.
Reply With Quote


« 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
SIM-UOL fresh grad starting pay poorman Income and Jobs 6756 03-12-2022 01:47 PM
Starting pay for fresh grad? k3vin Income and Jobs 75 26-09-2022 04:14 PM
fresh grad Light5trike Income and Jobs 15 28-05-2014 02:09 AM
Fresh grad to work overseas jasontan Income and Jobs 7 23-07-2012 06:21 PM
fresh grad investments larry Investments and Net Worth 10 19-11-2011 07:13 PM

» 30 Recent Threads
Job Application with MOE... ( 1 2 3... Last Page)
426 Replies, 458,875 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,465 Replies, 5,502,669 Views
Career as Teacher ( 1 2 3... Last Page)
6,687 Replies, 4,245,019 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,500 Replies, 2,263,356 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,615 Replies, 1,321,404 Views
Singapore Power EDGE Program ( 1 2)
16 Replies, 5,033 Views
Lawyer Salary ( 1 2 3... Last Page)
18,483 Replies, 7,619,910 Views
Anyone talking part time degree...
1 Replies, 151 Views
GovTech ( 1 2 3... Last Page)
3,463 Replies, 1,129,224 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
270 Replies, 176,106 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,759 Replies, 845,253 Views
High Finance Thread ( 1 2 3... Last Page)
1,475 Replies, 382,352 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
645 Replies, 270,414 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,147 Replies, 369,018 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,781 Replies, 3,476,341 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,766 Replies, 3,192,413 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,315 Replies, 639,072 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,827 Replies, 2,692,692 Views
NTU (non-faculty) ( 1 2 3... Last Page)
133 Replies, 164,441 Views
Compare civil service salary ( 1 2 3... Last Page)
14,986 Replies, 10,016,663 Views
Standard Chartered International... ( 1 2 3... Last Page)
364 Replies, 164,712 Views
Civil Service Bonus 2022 Year End ( 1 2)
13 Replies, 2,944 Views
IMDA (under MCI) ( 1 2 3... Last Page)
399 Replies, 207,319 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,060 Replies, 740,928 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,251 Replies, 3,333,210 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,248 Replies, 996,532 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
360 Replies, 134,603 Views
Bnp paribas graduate ( 1 2 3... Last Page)
205 Replies, 123,104 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
351 Replies, 316,024 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
273 Replies, 223,194 Views
Powered by vBadvanced CMPS v3.2.2

All times are GMT +8. The time now is 05:57 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2