Which degree is the best return on investment - Page 3 - 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




Which degree is the best return on investment

Reply
 
Thread Tools
  #21 (permalink)  
Old 28-10-2017, 10:18 PM
Unregistered
Guest
 
Posts: n/a
Default

an ivy league or equivalent degree

Reply With Quote
  #22 (permalink)  
Old 28-10-2017, 10:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Up to a few years ago bulge bracket IB's in Singapore did not even take in local grads... but since the government started a move to 'localise' the workforce because of complaints from the masses of the hoi-polloi they are now required to hire local grads into their IB teams

So you might have a chance to interview for an investment banking job... if you are doing a double degree with close to perfect GPA and multiple finance internships + case study wins.

Reply With Quote
  #23 (permalink)  
Old 28-10-2017, 11:54 PM
Unregistered
Guest
 
Posts: n/a
Talking

Quote:
Originally Posted by Unregistered View Post

So you might have a chance to interview for an investment banking job... if you are doing a double degree with close to perfect GPA and multiple finance internships + case study wins.
I am pretty sure you're not working in IB!

I am in the industry and have many friends inside. Here is my two cents. Forget all the nonsense about the impossibility of getting in. It is really not that difficult to get in. Of all my friends who REALLY wanted the job, 90% got it.

And these are regular people with just Biz ad second upper honors finance graduates. Really nothing special. I can even list names if we want to get there but take it from someone who is actually in the industry... it's not that difficult.

The cutoff is second upper but from there, the hardest part is breaking and getting your first real finance related internship. Don't dream about making the cut for Goldman Sachs IBD internship as a 1st/2nd year. Instead, target a decently attractive firm (does not not have to BB), get in and learn the trade and manage the hours. From there, it's all about networking and more networking. I interned at Lazard and then proceeded to intern at a BB the next year.

I won't say it's ridiculously easy but very possible if you want it hard enough. Don't listen to the craptalkers here about how you need 20As or multiple case competitions nonsense. Actually, a pretty face is more important

Good luck!

Reply With Quote
  #24 (permalink)  
Old 29-10-2017, 12:01 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am pretty sure you're not working in IB!

I am in the industry and have many friends inside. Here is my two cents. Forget all the nonsense about the impossibility of getting in. It is really not that difficult to get in. Of all my friends who REALLY wanted the job, 90% got it.

And these are regular people with just Biz ad second upper honors finance graduates. Really nothing special. I can even list names if we want to get there but take it from someone who is actually in the industry... it's not that difficult.

The cutoff is second upper but from there, the hardest part is breaking and getting your first real finance related internship. Don't dream about making the cut for Goldman Sachs IBD internship as a 1st/2nd year. Instead, target a decently attractive firm (does not not have to BB), get in and learn the trade and manage the hours. From there, it's all about networking and more networking. I interned at Lazard and then proceeded to intern at a BB the next year.

I won't say it's ridiculously easy but very possible if you want it hard enough. Don't listen to the craptalkers here about how you need 20As or multiple case competitions nonsense. Actually, a pretty face is more important

Good luck!
Thanks for the info. May I know how many years of experience do you have now and what is your remuneration package?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


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


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
  #25 (permalink)  
Old 29-10-2017, 04:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am pretty sure you're not working in IB!

I am in the industry and have many friends inside. Here is my two cents. Forget all the nonsense about the impossibility of getting in. It is really not that difficult to get in. Of all my friends who REALLY wanted the job, 90% got it.

And these are regular people with just Biz ad second upper honors finance graduates. Really nothing special. I can even list names if we want to get there but take it from someone who is actually in the industry... it's not that difficult.

The cutoff is second upper but from there, the hardest part is breaking and getting your first real finance related internship. Don't dream about making the cut for Goldman Sachs IBD internship as a 1st/2nd year. Instead, target a decently attractive firm (does not not have to BB), get in and learn the trade and manage the hours. From there, it's all about networking and more networking. I interned at Lazard and then proceeded to intern at a BB the next year.

I won't say it's ridiculously easy but very possible if you want it hard enough. Don't listen to the craptalkers here about how you need 20As or multiple case competitions nonsense. Actually, a pretty face is more important

Good luck!
I'm in BB IBD in Singapore and I think I know who you are from the way you write...
Reply With Quote
  #26 (permalink)  
Old 29-10-2017, 02:54 PM
Unregistered
Guest
 
Posts: n/a
Default

What I don't understand is why people make it sound like breaking into IB is that difficult?

Actually, it is far harder getting an offer from MBB than a BB offer. I suspect that many of the commenters are not in the industry.

For the record, having an ivy league degree doesn't necessarily bolster your chances of a return offer. My nus friend beat out two wharton / LSE kids to get the return offer.

My personal experiences working with ivy league / top uk schools also confirm the same thing: if you're good enough to be selected, you're good enough to be there. The truth is that a lot of the kids who made it to ivies or top uk schools were only able to do so because of papa mama scholarship.

Aside from HYPSM, the top students at local schools are on par. I even have friends who got into Tier 2 ivies like Brown but turned them down due to cost. Not being sour grapes here because I fundamentally do agree that US/Uk schools provide a better experience/platform but you don't have to beat yourself down if you're from a local uni and think that you have NO shot at a BB IBD. Lol.
Reply With Quote

  #27 (permalink)  
Old 29-10-2017, 03:06 PM
Unregistered
Guest
 
Posts: n/a
Default

Btw, just to answer the OP's question since I think that has been neglected, there is no degree that offers a better ROI than Finance.

My rationale being that you don't have to study as hard as your medicine/law/dentistry/engineering folks and yet have the (potential) and very real possibility of getting a FO job or an MAP.

Your starting pay at the 80th percentile is roughly 5k as a fresh graduate. Easily. Top 20% of cohort is achievable.

Medicine is insanely hard and you will burn out unless you're dedicated and love the job. Law has now become lawl. You're paid peanuts, literally chump change from the fees of any M&A deal and you still work like a dog. I suspect mortgage specialists earn more. Accountancy i.e. big 4 is the most overhyped crap ever. Never do big 4 if you wanna earn big bucks, never. Engineering might actually be ok if you love it. The starting salaries of some of my friends at places like Grab or other niche software places is 5-6k. But that's software related... so I wager that's ok. Just make sure to stay steer of the funny, funny mechanical/bioscience blah blah nonsense.

That's about it for all.
Reply With Quote
  #28 (permalink)  
Old 29-10-2017, 06:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by swagdaddypimpin View Post
I am planning to apply for a local U next year. Due to personal reasons, I will be paying for my own education either through a study loan or hopefully picking up a scholarship.

I have excellent results and can get a place in almost any degree course. Barring subject interest as I have no particular course preference, what degree will offer me the best ROI upon graduation and in the long-term. Money is a priority to me and I want to provide my family with a good life in the future.

From my knowledge, I've heard high finance (IB, trading) pays the most but the hours are one of the worst. The law market isn't doing very well and compsci grads are being replaced with foreign grads. Accountancy and engineering are pretty stable but the starting pay is relatively low. My parents have also advised me against going into arts although I wouldn't mind doing it provided it pays well.

Assuming I wish to get a job in investment banking, will a finance degree (biz) from a local U suffice? I have also heard stories of many finance grads going into property/insurance due to oversupply. The job market seems pretty depressing and I really hope to secure a good job in the future.
Psc oms, ideally qualify for PS too.
For Singapore context, it offers you the best chance of becoming govt linked organisation ceo. Which actually have very decent renumeration , at least 1 mil per year. Once becoming ceo, your performance can be pretty average, but pay is still good. Hence high roi.

The scholars farmer side is still true.
Reply With Quote
  #29 (permalink)  
Old 16-02-2020, 07:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am pretty sure you're not working in IB!

I am in the industry and have many friends inside. Here is my two cents. Forget all the nonsense about the impossibility of getting in. It is really not that difficult to get in. Of all my friends who REALLY wanted the job, 90% got it.

And these are regular people with just Biz ad second upper honors finance graduates. Really nothing special. I can even list names if we want to get there but take it from someone who is actually in the industry... it's not that difficult.

The cutoff is second upper but from there, the hardest part is breaking and getting your first real finance related internship. Don't dream about making the cut for Goldman Sachs IBD internship as a 1st/2nd year. Instead, target a decently attractive firm (does not not have to BB), get in and learn the trade and manage the hours. From there, it's all about networking and more networking. I interned at Lazard and then proceeded to intern at a BB the next year.

I won't say it's ridiculously easy but very possible if you want it hard enough. Don't listen to the craptalkers here about how you need 20As or multiple case competitions nonsense. Actually, a pretty face is more important

Good luck!
Good answer!
Reply With Quote
  #30 (permalink)  
Old 16-02-2020, 08:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Degree will open the door to any role you wish to venture into. A good starting base pay will help in the long run. At the end of the day, who you know will trump what you know.
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
Up to 80% off with daily deals + free shipping & return alex13689 General Discussions 0 04-08-2015 11:12 AM
Help me out! Should I return? bounded Income and Jobs 16 03-06-2015 11:06 AM
Dilemma: Should I Return To Study Here? undecided2012 Education and Personal Growth 2 02-08-2012 10:10 PM
A lot of humility will return Salary.sg Income and Jobs 12 18-12-2008 09:18 PM

» 30 Recent Threads
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,199 Replies, 1,131,390 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
17,329 Replies, 5,309,420 Views
GovTech ( 1 2 3... Last Page)
6,503 Replies, 2,493,321 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
170 Replies, 165,762 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,494 Replies, 1,946,913 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,242 Replies, 3,897,375 Views
Lawyer Salary ( 1 2 3... Last Page)
21,291 Replies, 10,665,834 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,325 Replies, 674,957 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,904 Replies, 1,504,360 Views
Career as Teacher ( 1 2 3... Last Page)
11,467 Replies, 7,017,112 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,857 Replies, 2,483,229 Views
Compare civil service salary ( 1 2 3... Last Page)
16,482 Replies, 12,771,925 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,434 Replies, 4,910,715 Views
INL Agency? Brand Communication...
2 Replies, 171 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,268 Replies, 730,528 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
898 Replies, 426,363 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,605 Replies, 1,443,184 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,487 Replies, 3,553,898 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
343 Replies, 392,392 Views
Work culture in IHiS ( 1 2 3... Last Page)
734 Replies, 572,903 Views
DBS tech seed programme ( 1 2 3... Last Page)
3,885 Replies, 1,552,283 Views
CIMB Apprentice 2024 ( 1 2)
17 Replies, 588 Views
SEA (Garena) ( 1 2 3... Last Page)
69 Replies, 97,178 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
835 Replies, 445,879 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
777 Replies, 454,483 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
430 Replies, 517,194 Views
If you can't find a company here... ( 1 2 3... Last Page)
145 Replies, 55,667 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,860 Replies, 1,261,296 Views
ST Electronics ( 1 2 3... Last Page)
3,868 Replies, 1,623,481 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,992 Replies, 4,825,384 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:40 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2