Can a second lower get into investment or asset management industry - 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




Can a second lower get into investment or asset management industry

Reply
 
Thread Tools
  #1 (permalink)  
Old 02-02-2017, 05:46 AM
Junior Member
 
Join Date: May 2016
Posts: 7
tiredv is on a distinguished road
Default Can a second lower get into investment or asset management industry

I'm currently an undergraduate from a local university, graduating in December this year.

With a less than ideal GPA, I will graduate within the second lower honours band.

Is it possible for me to get into the investment or asset management industry?

If yes, what should I do to increase my chances?



SG Bus Timing App
SG Bus Timing App - the best bus app - available on iPhone


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
  #2 (permalink)  
Old 02-02-2017, 07:53 AM
Unregistered
Guest
 
Posts: n/a
Default

You need to be lucky.

What undergraduate course? What JC? What internship u had?

At final year, only can increase your chances by joining case competitions and do well in them.

Alternatively, join the industry as contract staff, toil through the initial years and seek for transfer/opportunities.

Main thing is not to lose sight and keep trying

Reply With Quote
  #3 (permalink)  
Old 02-02-2017, 08:00 AM
Unregistered
Guest
 
Posts: n/a
Default

Kennut larh u shoo chui

Reply With Quote
  #4 (permalink)  
Old 02-02-2017, 08:24 PM
Regent
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by tiredv View Post
I'm currently an undergraduate from a local university, graduating in December this year.

With a less than ideal GPA, I will graduate within the second lower honours band.

Is it possible for me to get into the investment or asset management industry?

If yes, what should I do to increase my chances?
Depends on what is your definition of "asset management" industry. There are a lot of SME style micro boutique funds that ply various niches that are open to average degree grads as analyst. Drawback is of course lousy pay & long working hours, still some people are willing to slog out for 3-5 years in the hopes of getting connections and moving into better firms.

If you mean things like investment banking, global hedge fund management, good trading houses or buy side analysts etc., then I'm afraid the chances is close to zero. In theory you can still try to get an internship in June before graduating, but without a good academic track record or earlier proactive action right after you start uni, the chances of landing here is also minimal as you are too late into the game.

In summary, very little chance as you are simply not operating at the same level that your competitors are. Your only hope is to make sacrifices to take off-beaten paths, but bear in mind though the possibilities are there, it remains pretty much low probability. I had a friend who went through this route for 3 years, got no where and now doing consumer banking ops in OCBC.
Reply With Quote
  #5 (permalink)  
Old 03-02-2017, 04:47 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Regent View Post
... SME style micro boutique funds ... buy side analysts etc.,
Bro, thanks. I ask. How do you differentiate between SME style micro boutique funds, the worse option, and buy side analyst, the better option?

Is it by AUM? Like if the fund > US$500m considered good? Or is it the pay, like S$4k / month starting.

I, second lower, can get to either fund with a few hundred mil AUM or starting S$4k?
Reply With Quote
  #6 (permalink)  
Old 03-02-2017, 05:18 PM
Regent
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Bro, thanks. I ask. How do you differentiate between SME style micro boutique funds, the worse option, and buy side analyst, the better option?

Is it by AUM? Like if the fund > US$500m considered good? Or is it the pay, like S$4k / month starting.

I, second lower, can get to either fund with a few hundred mil AUM or starting S$4k?
There is no hard and fast rule I'm afraid. The thing is the particular fund you look after might be small, but if the company manages a broader range of funds, it might actually be a large setup.

$4k is on the high side for a 2:1 w/o any relevant internship or extra achievements. Most of the boutique funds generally pay ~$3-3.5k for basic analyst. Technically you can say they are buy side, but I would think they are really more like generic financial analyst supporting certain operations.

Some of these setups can wind up anytime and working conditions and benefits are generally much worse than what you can get in bigger banks, so think carefully before jumping. Other than certain firms and individuals with 'star power', even experienced fund managers are paid lower on average than what a lot of laymen expect.
Reply With Quote

  #7 (permalink)  
Old 03-02-2017, 06:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by tiredv View Post
I'm currently an undergraduate from a local university, graduating in December this year.

With a less than ideal GPA, I will graduate within the second lower honours band.

Is it possible for me to get into the investment or asset management industry?

If yes, what should I do to increase my chances?
Dude. People are realistic. Money issue is even more realistic.

Ask yourself this question: do you want a guy with second lower or 1st class to manage your money? You know the answer. Please move on.
Reply With Quote
  #8 (permalink)  
Old 03-02-2017, 11:59 PM
Unregistered
Guest
 
Posts: n/a
Default

If the money is good all the very smart people will go apply for the job already
Reply With Quote
  #9 (permalink)  
Old 04-02-2017, 10:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Smart is not solely determined by grades
TS is a second lower
TS can be a smart person
TS can be looking for good jobs to apply
Be like TS
Reply With Quote
  #10 (permalink)  
Old 04-02-2017, 04:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Sometimes I wonder what some people are thinking. They want to join highly competitive industries at good pay, but put in no effort on their end landing with no good internship and average grades. Then final year to graduation just post simple question online expecting easy answer.

When I was studying in SMU 3/4 of my peers are going for high banking/finance. I was not interested but even then I also know this is not the industry you just lepak with average grades, sit around without extras and then apply to get in.
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
career switch to Asset management job danieldaniel Income and Jobs 13 11-07-2017 11:14 AM
best asset management service... Jimmy1978 Investments and Net Worth 2 28-03-2014 11:54 PM
Hotel Asset/Performance Management tcyeric Income and Jobs 2 13-02-2014 07:19 AM
Asset management positions wintermelon Income and Jobs 0 11-08-2012 05:25 PM
Asset Management Ops role: Blackrock vs GIC savio27 Income and Jobs 5 16-04-2012 09:50 PM

» 30 Recent Threads
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
55 Replies, 8,993 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,986 Replies, 1,804,159 Views
Insurance Management Associate... ( 1 2 3... Last Page)
32 Replies, 12,435 Views
Marsh Graduate Development Program ( 1 2)
18 Replies, 1,435 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,853 Replies, 871,596 Views
Lawyer Salary ( 1 2 3... Last Page)
5,022 Replies, 2,197,025 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,583 Replies, 1,230,350 Views
Constituency Manager (People... ( 1 2 3... Last Page)
855 Replies, 430,319 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
59 Replies, 15,678 Views
Career advice
3 Replies, 938 Views
Compare civil service salary ( 1 2 3... Last Page)
9,177 Replies, 5,298,008 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,719 Replies, 1,017,774 Views
career dilemma in 30s ( 1 2)
10 Replies, 2,582 Views
Career as Teacher ( 1 2 3... Last Page)
2,444 Replies, 1,490,640 Views
All about Home Affairs Senior... ( 1 2 3... Last Page)
163 Replies, 165,730 Views
SPF (Direct-Entry Inspector) ( 1 2)
12 Replies, 2,171 Views
Please advise on my career path... ( 1 2)
15 Replies, 12,147 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,082 Replies, 846,367 Views
What are your Job benefits ( 1 2)
15 Replies, 7,257 Views
Casino Regulatory Authority
1 Replies, 4,404 Views
Relocating to Singapore, is... ( 1 2 3)
28 Replies, 29,431 Views
Summer Internships 2020 ( 1 2 3... Last Page)
39 Replies, 2,098 Views
Job offer from Apple ( 1 2 3... Last Page)
428 Replies, 72,756 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
879 Replies, 718,828 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
123 Replies, 95,888 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
104 Replies, 121,724 Views
Chevron COBRA assesment, please... ( 1 2)
18 Replies, 48,985 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,867 Replies, 3,650,593 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
251 Replies, 76,455 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:46 PM.


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