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How is life as a doctor in Singapore?

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  #9111 (permalink)  
Old 17-12-2024, 08:54 PM
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He is asking for advice meh?
His wall of text got it all planned out. Hardly advice seeking

Why I cannot respond like this?
Who are you to dictate how I respond?

U got earn 400k or not. Show ur Iras here la.

Another troll.
What's up with all the fake ib, fake med turn law, fake aesthetic doc making 600k and that 500k work 2 days per week day doc.

Salary forum become blow cannon fairy salary forum liao

IB guy/med turn law I don’t know but 500k 2 day work week doc is trolling.. impossible to make that much unless you own chain..

But seriously aesthetic is booming just look up this ad for example

s://sg.jobstreet.com/job/80764008

I already checked with the HR from that clinic and they willing to offer me 250k yearly package

this is for someone with 0 experience I only got COC done

I can imagine the salary will be higher for those with more years of experience

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  #9112 (permalink)  
Old 17-12-2024, 09:55 PM
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Actually the volatility he talks about is very real. One bad year and massive layoffs are normal. IBD as a whole has also been declining since 20 years ago and being laid off from a bulge bracket at his comp if he gets laid off he’s a bit screwed. Too senior to recruit at analyst level and dosent have the name or connections to make a quick succesful switch to buy side roles. Dad worked in finance and pushed my toward medicine for reasons similar to what he’s stating so i see where he’s coming from
Hey bro, thanks a lot for the reply. Yes this is specifically the reason. I would say I am the 40 percentile type of guy, better than median and enough to survive for 7-8y but as time passes, the skill set difference from junior (just tank the hours, and do the work) to senior origination (wine and dine, entertain people, pretend talking smart and be connected) is so big that I am no longer doing well.

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  #9113 (permalink)  
Old 17-12-2024, 09:58 PM
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Finance>Medicine for top 1% performers. One of my ex-Raffles classmate already semi-retired with his 5 million stock portfolio. He makes 700k-1M a year at Evercore. Only 35 years old. I doubt anyone in medicine can match his earnings potential.

He was already making 200k a year and investing in TSLA, when I am still making $5000 a month as a HO. How to compete with him? Cheaper cost of education (he got a half board scholarship at Columbia) and faster earnings trajectory.
Bro I don't disagree if u are top 1% (or even top 10%) u will do very well in finance.
Top 1% gets u to top funds or even start ur own funds making 3-30m sgd
Top 10% is enough to survive ibd till u retire with 10-15m savings
But then the median would be kicked before they make vp. In my career in banking, i saw so many colleagues overestimated their ability or personality. Ended up being weeded out early in their career and move to mediocre jobs.

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  #9114 (permalink)  
Old 17-12-2024, 10:51 PM
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IB guy/med turn law I don’t know but 500k 2 day work week doc is trolling.. impossible to make that much unless you own chain..

But seriously aesthetic is booming just look up this ad for example

s://sg.jobstreet.com/job/80764008

I already checked with the HR from that clinic and they willing to offer me 250k yearly package

this is for someone with 0 experience I only got COC done

I can imagine the salary will be higher for those with more years of experience
He did post the breakdown. Something like $140 per patient he sees. He works 2-3 days a week in clinic. And then $250/hr for housecalls? But is on other days. So is not work 2 days a week. Sounds like not here in Singapore.
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  #9115 (permalink)  
Old 18-12-2024, 12:39 AM
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Bro I don't disagree if u are top 1% (or even top 10%) u will do very well in finance.
Top 1% gets u to top funds or even start ur own funds making 3-30m sgd
Top 10% is enough to survive ibd till u retire with 10-15m savings
But then the median would be kicked before they make vp. In my career in banking, i saw so many colleagues overestimated their ability or personality. Ended up being weeded out early in their career and move to mediocre jobs.
ok so how do I break into finance with a MBBS

do I need to go for a top MBA first

a jaded MO, wanting to quit med
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  #9116 (permalink)  
Old 18-12-2024, 08:38 AM
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ok so how do I break into finance with a MBBS

do I need to go for a top MBA first

a jaded MO, wanting to quit med
Doesn't work this way bro unless u have very good background
Like raffles + nus/ntu or oxbridge imperial
Then ur specialty doesn't matter but public health probably better if operator side / clinic hospital investing (bulk of sea deals)

We serve a lot of healthcare clients. Basically hired ceo or owner of clinic or hospitals in southeast asia
One good example of transitioningn is fidah alsagoff but i read he is a vip so not sure if replicable

Another i know is Timothy stubbs from vivo capital
Not sg based but can probably follow similar path

The issue is u will come in at junior at best associate level
Ur work either on operational side like consulting or operator of clinic or hospitals
Or investing in biotech
U likely won't be valued in investment bank as the execution knowledge or finance knowledge is way more valued than sector knowledge there

But if investing in biotech, they want people to follow sector know things like technicality stuff, things like drug efficacy, china and us fda approval process and timeline, etc. Combined with good understanding translating this to commercial value like total addressable market, who is payer, how many competing products in pipeline, willingness to pay, r&d cost and time, probability of failing phase 3.

The more u know the better but most probably know little anyway. This knowledge is very useful to set u apart from phd making peanuts who want to transition though as phd knows science but not clinical relevance.

Another thing is mandarin because deals in southeast asia is still limited to mostly operator, so the market and learning experience still more from china.

Few af doc want to move to finance as a junior monkey. If u are serious, many ppl will be impressed although they will give u lowball salary like 6-8k.

Try read about cbc capital and vivo capital. Very few healthcare funds in the market valuing background in medicine in asia
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  #9117 (permalink)  
Old 18-12-2024, 08:43 AM
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Doesn't work this way bro unless u have very good background
Like raffles + nus/ntu or oxbridge imperial
Then ur specialty doesn't matter but public health probably better if operator side / clinic hospital investing (bulk of sea deals)

We serve a lot of healthcare clients. Basically hired ceo or owner of clinic or hospitals in southeast asia
One good example of transitioningn is fidah alsagoff but i read he is a vip so not sure if replicable

Another i know is Timothy stubbs from vivo capital
Not sg based but can probably follow similar path

The issue is u will come in at junior at best associate level
Ur work either on operational side like consulting or operator of clinic or hospitals
Or investing in biotech
U likely won't be valued in investment bank as the execution knowledge or finance knowledge is way more valued than sector knowledge there

But if investing in biotech, they want people to follow sector know things like technicality stuff, things like drug efficacy, china and us fda approval process and timeline, etc. Combined with good understanding translating this to commercial value like total addressable market, who is payer, how many competing products in pipeline, willingness to pay, r&d cost and time, probability of failing phase 3.

The more u know the better but most probably know little anyway. This knowledge is very useful to set u apart from phd making peanuts who want to transition though as phd knows science but not clinical relevance.

Another thing is mandarin because deals in southeast asia is still limited to mostly operator, so the market and learning experience still more from china.

Few af doc want to move to finance as a junior monkey. If u are serious, many ppl will be impressed although they will give u lowball salary like 6-8k.

Try read about cbc capital and vivo capital. Very few healthcare funds in the market valuing background in medicine in asia
Sorry forgot to mention. If u are doctor from a decent school (even just lower tier russell group, with decent gmat and below 6 yoe u should have a solid chance at insead or one of m7)

U can move MBB healthcare practice there but mbb is mo salary and 60-80h work week so not sure if worth.

Won't recommend doing it now. Recruiting market at finance is mostly frozen so suggest wait 1-2y before it picks up but if u are really set on quitting, can prep now.

Just like i prep ucat now for next 1-2y move, u can start gmat in ur free time. It is a cake walk but try also learn financial modeling or read some mbb and ib slides to make sure it is something u want to do


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  #9118 (permalink)  
Old 18-12-2024, 08:44 AM
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Originally Posted by Unregistered View Post
Doesn't work this way bro unless u have very good background
Like raffles + nus/ntu or oxbridge imperial
Then ur specialty doesn't matter but public health probably better if operator side / clinic hospital investing (bulk of sea deals)

We serve a lot of healthcare clients. Basically hired ceo or owner of clinic or hospitals in southeast asia
One good example of transitioningn is fidah alsagoff but i read he is a vip so not sure if replicable

Another i know is Timothy stubbs from vivo capital
Not sg based but can probably follow similar path

The issue is u will come in at junior at best associate level
Ur work either on operational side like consulting or operator of clinic or hospitals
Or investing in biotech
U likely won't be valued in investment bank as the execution knowledge or finance knowledge is way more valued than sector knowledge there

But if investing in biotech, they want people to follow sector know things like technicality stuff, things like drug efficacy, china and us fda approval process and timeline, etc. Combined with good understanding translating this to commercial value like total addressable market, who is payer, how many competing products in pipeline, willingness to pay, r&d cost and time, probability of failing phase 3.

The more u know the better but most probably know little anyway. This knowledge is very useful to set u apart from phd making peanuts who want to transition though as phd knows science but not clinical relevance.

Another thing is mandarin because deals in southeast asia is still limited to mostly operator, so the market and learning experience still more from china.

Few af doc want to move to finance as a junior monkey. If u are serious, many ppl will be impressed although they will give u lowball salary like 6-8k.

Try read about cbc capital and vivo capital. Very few healthcare funds in the market valuing background in medicine in asia
Thats why finance still superior. Finance can become doctor if failed in finance.

Doctor only end up MBBS GP is stuck cannot go do finance. STUCK. END OF THE ROAD.
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  #9119 (permalink)  
Old 18-12-2024, 09:13 AM
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Thats why finance still superior. Finance can become doctor if failed in finance.

Doctor only end up MBBS GP is stuck cannot go do finance. STUCK. END OF THE ROAD.
Not sure about how it works in SG but in the UK it’s definitely possible to transition inot banking and consulting with a medical degree. Pharm is also doable. I know of guys who brush up on financial knowledge, modelling, interviewing and get interviews and return offers in 4th and 5th year. Mainly russel group + oxbridge but in london at least a Medical degree is viewed well enough to land u an interview if u have a few other porfiokio elements and from there it’s just how well u interview.
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  #9120 (permalink)  
Old 18-12-2024, 09:37 AM
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ok so how do I break into finance with a MBBS

do I need to go for a top MBA first

a jaded MO, wanting to quit med

What do u have in ur portfolio, is your bond completed and what are u working towards? Assess options first
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