Mid-career switch to banking and finance? - 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




Mid-career switch to banking and finance?

Reply
 
Thread Tools
  #1 (permalink)  
Old 20-05-2007, 03:54 PM
Salary.sg
Guest
 
Posts: n/a
Default Mid-career switch to banking and finance?

Are you considering a mid-career switch to the lucrative finance sector? Thinking of becoming a private banker, or work as a financial analyst crunching numbers in an investment bank? Hoping for more money and big bonuses coming your way? Are you an engineer thinking of doing some finance courses (CFA, MFE, CMFAS, IFPAS, etc.)?

Think again. It's probably too late if you're already in your 30s. You should have started as a fresh graduate.

Even if you have all the "necessary qualifications", why should they hire someone with no relevant experience?

Even if you are prepared to take a pay cut and start from ground up, why should they favour you over the hordes of fresh graduates who can do back flips? Moreover, you still gotta unlearn what you pick up in your previous jobs, whereas the fresh graduates are perfectly malleable.

There are some interesting discussions on this topic in delphiforums.

http://www.salary.sg/2007/mid-career...g-and-finance/

Reply With Quote
  #2 (permalink)  
Old 18-12-2007, 03:29 PM
mi---
Guest
 
Posts: n/a
Default 666

is the finance industry really that lucrative now?

Reply With Quote
  #3 (permalink)  
Old 12-04-2010, 09:25 AM
Unregistered
Guest
 
Posts: n/a
Default

I switched from doing business development in technology companies to private equity/VC when I was 30. At that time I was too poor to do an expensive MBA but took part time programs to strengthen my knowledge in this sector. I eventually did do an Executive MBA with Chicago when I was 35 and went on to work in HK with one of the large IB. Still alive after the financial crisis, pay is good. My first degree was a Science degree, one of the lowest in the pecking order. Finance industry is a large sector, don't always look at IB and private banking.

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
Take CFA for career switch? Salary.sg Education and Personal Growth 13 31-05-2010 02:26 PM
Short career in I-Banking Salary.sg Investments and Net Worth 3 25-02-2009 12:35 PM
Banking and Finance Jobs Preferred Salary.sg Income and Jobs 1 11-01-2008 02:02 AM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,693 Replies, 2,273,009 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,354 Replies, 975,722 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,119 Replies, 1,420,414 Views
Lawyer Salary ( 1 2 3... Last Page)
11,166 Replies, 3,787,465 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
481 Replies, 118,412 Views
ST Electronics ( 1 2 3... Last Page)
2,083 Replies, 434,233 Views
How long does it take to hear back... ( 1 2)
10 Replies, 275 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
5,875 Replies, 1,532,492 Views
Dsta ( 1 2 3... Last Page)
925 Replies, 655,056 Views
Compare civil service salary ( 1 2 3... Last Page)
11,705 Replies, 6,709,427 Views
prospects of a scholar ( 1 2 3... Last Page)
80 Replies, 113,935 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
217 Replies, 108,820 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,279 Replies, 4,102,428 Views
How much savings do you have? ( 1 2 3... Last Page)
1,325 Replies, 585,379 Views
Job Offer Advise ( 1 2 3)
23 Replies, 2,041 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,008 Replies, 1,187,843 Views
Job Application with MOE... ( 1 2 3... Last Page)
302 Replies, 271,382 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
65 Replies, 13,376 Views
GIC career ( 1 2 3... Last Page)
297 Replies, 407,892 Views
Grab Software Developer Fresh... ( 1 2 3)
20 Replies, 1,942 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
331 Replies, 197,769 Views
Engineer Pay ( 1 2 3... Last Page)
239 Replies, 86,946 Views
JP Morgan ( 1 2 3... Last Page)
94 Replies, 42,773 Views
Career in the SEO field
3 Replies, 2,124 Views
Working culture @ IDA ( 1 2 3... Last Page)
157 Replies, 170,981 Views
MCI and IMDA ( 1 2 3... Last Page)
79 Replies, 33,255 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
132 Replies, 153,871 Views
Credit Suisse vs Rabo Bank vs OCBC
8 Replies, 4,876 Views
DBS tech seed programme ( 1 2 3... Last Page)
469 Replies, 109,344 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:45 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2