How is life as a doctor in Singapore?

Originally Posted by Unregistered

Lol.
Really full of trolls.
Surgical residency where got many exams for U to fail.

Portfolio manager ? Hahaha.
U want bruff say banks la at least no one will know cos so many banks
The few portfolio holder that comes to my dad house all uncles in their 50s.

really anyhow whack. Ofc if my wife make 1mil a year i will sit at home shake leg its got nothing to do with GS residency

Originally Posted by Unregistered

No it can be higher by 10-14k a month but need to do teaching,admin,other estab, etc

Admin just mean 0.3 fte is paid by admin.
Teaching just mean like 0.2 fte is paid by teaching

Your final pay is still the same bro.

Public while competitive isnt super stellar
If not nobody go pte liao

But if you hod, cmb got allowance lah
But alot of this kind of head of committee is do for free one
Even university confer u prof also no extra pay

Originally Posted by Unregistered

Admin just mean 0.3 fte is paid by admin.
Teaching just mean like 0.2 fte is paid by teaching

Your final pay is still the same bro.

Public while competitive isnt super stellar
If not nobody go pte liao

But if you hod, cmb got allowance lah
But alot of this kind of head of committee is do for free one
Even university confer u prof also no extra pay

for proceduralists its possible to earn more than the stated by seeing private patients and there is some profit sharing in some hosp. ur right regarding the pay being the same if u work 1fte but u have the option of working more than 1fte to earn more. Private is def much better in terms of pay but its a eat what u kill model where what u earn is how much u operate or see patients

Originally Posted by Unregistered

really anyhow whack. Ofc if my wife make 1mil a year i will sit at home shake leg its got nothing to do with GS residency

Wife make 1 million and U stay at home shag leg?
Pretty sure your wife will look down on you.
嫁给个窝囊废.

Originally Posted by Unregistered

really anyhow whack. Ofc if my wife make 1mil a year i will sit at home shake leg its got nothing to do with GS residency

Banker bro here
Gic portfolio manager is quite different vs from portfolio manager in large funds I think
You can make it in early 30s in their public markets team and they aren't like traditional asset managers that you are the big boss with a billion dollar book. More like a very senior investment analyst with some freedom but still under many layers of bosses directing the bigger mandate.

Not entirely sure though. Pay can hit 1m I guess, at least I know people at 65 making 900k SGD with 10-12y experience and Temasek lifer D can hit close to 1m in a normal year due to 10 year bonus structure (non-lifer will need some time to hit as every year you are vesting earlier bonuses).

But then for 1 such guy, there are 3-4 bankers end up in some Southeast Asian tycoon's corporate or trash tier corporate or PE. Making maybe 15k SGD a month at 30s, which is why I consider making a switch.

Seeing the ceiling in banker career, soon gonna get kicked out and descend from a few hundred k to 200k max while working same hours of 60+ a week. May as well do something else

Originally Posted by Unregistered

Banker bro here
Gic portfolio manager is quite different vs from portfolio manager in large funds I think
You can make it in early 30s in their public markets team and they aren't like traditional asset managers that you are the big boss with a billion dollar book. More like a very senior investment analyst with some freedom but still under many layers of bosses directing the bigger mandate.

Not entirely sure though. Pay can hit 1m I guess, at least I know people at 65 making 900k SGD with 10-12y experience and Temasek lifer D can hit close to 1m in a normal year due to 10 year bonus structure (non-lifer will need some time to hit as every year you are vesting earlier bonuses).

But then for 1 such guy, there are 3-4 bankers end up in some Southeast Asian tycoon's corporate or trash tier corporate or PE. Making maybe 15k SGD a month at 30s, which is why I consider making a switch.

Seeing the ceiling in banker career, soon gonna get kicked out and descend from a few hundred k to 200k max while working same hours of 60+ a week. May as well do something else

The real money is in investing in US stocks or property in SG.
As a banker you are trained to invest analyze markets and data
That gives you the advantage to also invest your own money.
I see many people making distribution income for over $40k a month from investing
2m in covered call ETFs. Then reinvest the distributions in same.
Once you hit a certain level of investment you don't have to think too much about your work salary.

Originally Posted by Unregistered

The real money is in investing in US stocks or property in SG.
As a banker you are trained to invest analyze markets and data
That gives you the advantage to also invest your own money.
I see many people making distribution income for over $40k a month from investing
2m in covered call ETFs. Then reinvest the distributions in same.
Once you hit a certain level of investment you don't have to think too much about your work salary.

No la bro
Most ppl in finance are dumb**** when it comes to investing
In ibd (the traditional investment banking we usually refer to like m&a, ecm), most kids know **** la. The job is just to create ppt
Many of them also got their brain wired wrongly after so many years in banking. Assets that are hard to sell come pay 1% enterprise value to investment banks to sell, then after 5 years your brain already broken after day day writing fictional investment highlights for garbage companies.

In trading (markets in investment banks) or investing (public market portfolio manager or private equity), it is slightly better with people having more sense. But most of the time it is platform advantage, trading can have order from clients, then you see where the herd is heading. Buyside people have resources like spending 1k usd per hour to phone call with "experts" (like you wanna buy IHH stock then they find you some GRH admin or ex healthcare official to give you insight type). Reality is so many of them have lots of advantage in the industry. Gradually their ego inflated af and they lose real ability to survive on their own without resources. You look at Temasek annual return or GIC 10y rolling return, then you see financial savvy does not equate to investment return. Blow all to VOO win them without thinking. Blow all to TQQQ beat them 5x without thinking.

Would say biggest advantage of finance is upfront money to invest. And if you can survive in this industry then it is sustained good money. Med will give you loads of sustained income to play the long game. I make 400k, every year fluctuate pay, volatile job as volatile as market, even put 30% to stock also scare la. Some colleagues 6y experience fired go GLC, made 300k+ initially now 150k, if invested 30% before, now can't keep up, then your portfolio very high risk because your DCA is imbalanced, tomorrow crash you lose a lot, buy the dip little. Hence many in finance also worry the income risk then just play small chip. Cannot invest in single stock anyway, end up save little.

Commercial sense very hard to come by. Doctors who operate multiple clinics are probably way more knowledgeable with money than most bankers

Originally Posted by Unregistered

really anyhow whack. Ofc if my wife make 1mil a year i will sit at home shake leg its got nothing to do with GS residency

Invest and you can sit at home and do nothing. Or semi retire while making around 12k a month working as a locum GP for 3 days a week.

I am not a pro investor but I put in 500k into Tesla early this year when it was trading @$180. Decided on stocks because condo is too unaffordable to buy and fixed deposit rates are falling.

Now my Tesla shares are worth over 1.1 million.

I regretted not putting in more money but that’s life I guess.

Originally Posted by Unregistered

The real money is in investing in US stocks or property in SG.
As a banker you are trained to invest analyze markets and data
That gives you the advantage to also invest your own money.
I see many people making distribution income for over $40k a month from investing
2m in covered call ETFs. Then reinvest the distributions in same.
Once you hit a certain level of investment you don't have to think too much about your work salary.

Its true that investing is damn good for compounding wealth but usually bankers are no better than the average person at investing their own money due to having a lot of trading restrictions and needing to obtain approval before making trades

Originally Posted by Unregistered

Its true that investing is damn good for compounding wealth but usually bankers are no better than the average person at investing their own money due to having a lot of trading restrictions and needing to obtain approval before making trades

You have access to more capital as a banker because you know rich people. Managing 100 rich people portfolio thats hundreds of millions can generate millions alone in fees if you are good