Retrenched Investment Bankers (Where do they go to?) - 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




Retrenched Investment Bankers (Where do they go to?)

Reply
 
Thread Tools
  #1 (permalink)  
Old 17-05-2015, 01:27 AM
Junior Member
 
Join Date: Nov 2014
Posts: 8
Water is on a distinguished road
Default Retrenched Investment Bankers (Where do they go to?)

Hi everyone, I'm curious if anyone has any idea where do retrenched investment bankers in Singapore usually end up at? I've heard from news sources quite frequently that numerous have been retrenched due to the unfavourable market in South-East Asia.

I would imagine that investment bankers would typically be highly driven and smart, and thus would seek great alternatives around. I've also read recently in an article that an Investment Banking Director opened up his own website as he could not find any other IB jobs around. He also mentioned about the tough market conditions, and that he knows of others who also could not find jobs.

I'm wondering if anyone here has any stories to share?

Reply With Quote
  #2 (permalink)  
Old 17-05-2015, 02:15 AM
Unregistered
Guest
 
Posts: n/a
Default

smaller boutiques, local/regional bank IBD, entrepreneurship, finance function at companies, if super lucky maybe buyside

Reply With Quote
  #3 (permalink)  
Old 17-05-2015, 12:08 PM
Unregistered
Guest
 
Posts: n/a
Default

usually bedok reservoir...

Reply With Quote
  #4 (permalink)  
Old 17-05-2015, 12:45 PM
Unregistered
Guest
 
Posts: n/a
Default

It depends. Most enter other finance-related roles though at a often much reduced salary.
Reply With Quote
  #5 (permalink)  
Old 17-05-2015, 12:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
usually bedok reservoir...
Wah u damn evil
Reply With Quote
  #6 (permalink)  
Old 17-05-2015, 01:17 PM
Unregistered
Guest
 
Posts: n/a
Default

If they are in their forties, they usually retire early as they should have investments generating passive income. I know of one guy who retired after given a golden handshake. He owns three condos, all paid up and a stocks portfolio. He is a good trader too and earns extra income from trading. He is a multi millionaire.
Reply With Quote

  #7 (permalink)  
Old 17-05-2015, 02:22 PM
Junior Member
 
Join Date: Nov 2014
Posts: 8
Water is on a distinguished road
Default

Thanks for the replies. Regardless whether it's Boutique/Buyside/Other Finance Functions/etc, I would imagine it to be difficult to transition right?
Reply With Quote
  #8 (permalink)  
Old 17-05-2015, 04:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Water View Post
Thanks for the replies. Regardless whether it's Boutique/Buyside/Other Finance Functions/etc, I would imagine it to be difficult to transition right?
Not at all


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #9 (permalink)  
Old 17-05-2015, 04:26 PM
Junior Member
 
Join Date: Nov 2014
Posts: 8
Water is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Not at all
May I ask why? If an investment banker is doing Capital Raising/M&A his entire life, how is it very transferable elsewhere (e.g. treasury/accounting/etc)?
Reply With Quote
  #10 (permalink)  
Old 17-05-2015, 06:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Water View Post
Thanks for the replies. Regardless whether it's Boutique/Buyside/Other Finance Functions/etc, I would imagine it to be difficult to transition right?
Are you a retrenched investment banker?
Reply With Quote
Reply

Bookmarks

Tags
boutique bank, entrepreneurship, finance, hedge fund, ibd, investment banker, investment banking, local bank, regional bank

« 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
Property Investment sunnyoho Market Talk 1 01-03-2019 12:04 AM
OCBC young bankers' prog vs DBS MA prog toto Income and Jobs 20 04-03-2017 04:52 PM
OCBC Young Bankers Programme hashbrowntime Income and Jobs 0 16-01-2015 05:07 AM
Serious Qns for Bankers from a student-IB FO, hedge funds, PE etc SMayC Income and Jobs 28 11-03-2014 06:24 PM
Know Anyone Retrenched? Salary.sg Income and Jobs 21 19-09-2009 03:26 PM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
8,947 Replies, 5,183,239 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,280 Replies, 1,034,152 Views
Which degree is the best return on... ( 1 2 3... Last Page)
55 Replies, 10,342 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
31 Replies, 15,785 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,779 Replies, 494,864 Views
Pacific Refreshments - The Coca...
3 Replies, 337 Views
Stat board tiers ( 1 2 3... Last Page)
53 Replies, 26,125 Views
Cost of living in singapore will... ( 1 2)
17 Replies, 4,039 Views
anyone working at NCS ? ( 1 2 3... Last Page)
341 Replies, 260,226 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
189 Replies, 60,309 Views
Pay for digital marketing agencies
5 Replies, 1,570 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,791 Replies, 841,270 Views
Job offer from Apple ( 1 2 3... Last Page)
332 Replies, 58,255 Views
Schneider Electric - EGP (Grad... ( 1 2 3... Last Page)
54 Replies, 15,648 Views
Lawyer Salary ( 1 2 3... Last Page)
4,875 Replies, 2,126,513 Views
Anyone work for Casino (RWS/MBS) ?... ( 1 2)
14 Replies, 5,390 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,174 Replies, 206,168 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,908 Replies, 1,761,008 Views
Bad times?
9 Replies, 964 Views
Standard Chartered International... ( 1 2 3... Last Page)
53 Replies, 50,746 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
616 Replies, 312,717 Views
DBS BANK Interview replies ( 1 2 3... Last Page)
423 Replies, 252,606 Views
Working at Changi Business Park ( 1 2)
16 Replies, 1,683 Views
UBS Graduate Talent Program ( 1 2 3)
27 Replies, 20,680 Views
Mother looking for a job ( 1 2)
10 Replies, 956 Views
Career as Teacher ( 1 2 3... Last Page)
2,062 Replies, 1,393,964 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,606 Replies, 983,875 Views
ST Electronics ( 1 2 3... Last Page)
388 Replies, 173,626 Views
Whats your net worth ( 1 2 3... Last Page)
2,688 Replies, 758,780 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:09 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2