Originally Posted by Unregistered (Post 119707)

Yeah but the very top graduates from the overseas universities don’t come back to Singapore.
They stay in London and work in the white shoe and magic circle.
They are smart. When they come back to SG many years later these people would have become MC/whiteshoe partners sent from London to manage the Asia outfits.

It’s the mediocre ones that come back.

Originally Posted by Unregistered (Post 120133)

I don't think local graduates need worry about the glut from overseas graduates because most of the latter are subpar by our standards.

Even the clever few from overseas who do make it into the MC firms may have also secretly acquired British citizenship along the way as the UK allows dual citizenship, so who is to say you can't dob them in to ICA if they do foolishly come back and become competition to our local top dog jobs?

Originally Posted by Unregistered (Post 120093)

I believe that poster was referring to the current situation now. What you mentioned isn't wrong, though I wouldn't say plenty of de-listed uni grads have better lives, but there is a minority who are doing quite well. But that is because they entered the market when it was not so competitive and easier to find TC and be retained. Not to forget, Part A was more bearable last time. I have been hearing rumours that the Company Law Exam in Part A as of now is so difficult that even current corporate law practitioners aren't able to answer in two hours, much less your graduates.

The situation now is quite dire. If you are from a de-listed uni with a 2:1 or 2:2, the odds are highly stacked against you to even obtain training. Some of the big firms are cutting down on trainees and the retaining numbers are decreasing bit by bit. It doesn't help that this current trade war between US and China may hurt Singapore significantly as we rely heavily on global trade.

Even those with 2:1 from the still-listed UK universities like Nottingham, Warwick and Bristol are finding it extremely difficult and I heard from hearsay that even the often-shunned Chinatown firms do receive requests for training even though they have never advertised. Law is no longer milk and honey anymore, rather it has become tougher to survive over the years, hence the high attrition rate.

Originally Posted by Unregistered (Post 120153)

I’m not saying they have better lives because they come back and get TCs at the Big 4 (which in any case is happening now as well) but that they stay to train in London. Alot of them have leveraged their London experience to enter partnership immediately after returning to SG.

What you say re. grades are just as applicable to NUS students. Someone with a 2:2 is going to struggle to find a job, regardless of what uni they come from. In contrast, the people from my batch with 1st class from de-listed unis were all able to find TCs before graduation. Sure not all of them might be at a prestigious firm, but for every Chinatown TC there is one in the Big 4 or in London.

Originally Posted by Unregistered (Post 120154)

Of course, if a graduate from a delisted uni scores a 2:1, has many internships under his belt and has a good CCA record, he will be chosen over a local uni graduate who scores a 2:2 with no internship under his belt and no CCA record.

But if we take a fair test and compare a delisted uni grad and a local uni grad who both scored 2:2 and have the same resume (no CCA or internship), employers will definitely prefer the local uni grad, unless he has super low EQ and pissed off the interviewers

Originally Posted by Unregistered (Post 120180)

Thought this is fairly settled

On degree prestige:
Oxbridge > NUS > LSE/UCL > Listed UK > SMU > Delisted UK > Australia

Originally Posted by Unregistered (Post 120185)

Prestige ain't gonna put food on the table.

Number of NUS grads trained in MC London = 0

Number of delisted uni grads trained in MC London > 0

Ergo delisted uni > NUS