Short career in I-Banking - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Short career in I-Banking

Reply
 
Thread Tools
  #1 (permalink)  
Old 06-05-2007, 12:16 AM
Salary.sg
Guest
 
Posts: n/a
Default Short career in I-Banking

A former classmate told me that most investment bankers have relatively short i-banking careers. In fact, many start their second careers in less lucrative sectors before they hit 35.  In investment banking, It's either "up" or "out". That cruel.

So, why am I still waxing lyrical about investment banking?

Say you graduate with a good MBA at age 25 (add another 2 years if you serve NS) and start your career in i-banking. In the next 10 years, you can possibly and quite easily make an average of US$200k per annum. If you are prudent enough not to splurge on Ferraris or Lamborghinis, you should be able to save at least US$100k every year. In 10 years, that's US$1 million.

You're a freaking millionaire by the time you "retire" from your first career. Get my point?

http://www.salary.sg/2007/short-career-in-i-banking/



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
  #2 (permalink)  
Old 07-05-2007, 11:17 PM
Salary.sg
Guest
 
Posts: n/a
Default 16

what if there's market downturn or financial crisis?should it be a risky game or a sure thing?If it is so sure, where is the thrill of chasing the financial game gone?

Reply With Quote
  #3 (permalink)  
Old 09-05-2007, 12:07 AM
Salary.sg
Guest
 
Posts: n/a
Default 18

Yes, the thrill is in the risk AND the reward.

Some people say that during a downturn, the financial services industry gets hit more than the other sectors. I'm not too sure about that, but given the rewards in this industry, it should be well worth the risk.

Reply With Quote
  #4 (permalink)  
Old 25-02-2009, 12:35 PM
Kindaichi--
Guest
 
Posts: n/a
Default 4159

I don't agree with Ariel on his point of view.

Because if you got the substance to be an investment banker, there is definitely got a "teaching as a profession" for him in Singapore if there is a financial crisis like now.

In addition, even though there is some so called saying that "if you do what you love, the money will follows", but the thing is as you said, investment banker is one of the few professions that enables one to make his first million in less than 10 years time.

If you make your first million, you have all the time to do what you love.


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
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
Mid-career switch to banking and finance? Salary.sg Income and Jobs 2 12-04-2010 09:25 AM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,655,976 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,730 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,303 Replies, 4,981,914 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,454 Replies, 784,123 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,768,183 Views
Career as Teacher ( 1 2 3... Last Page)
10,818 Replies, 6,662,418 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,453,055 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 308,812 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
678 Replies, 388,011 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,770 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,920 Replies, 2,902,355 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,749 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,359 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,327,936 Views
GovTech ( 1 2 3... Last Page)
5,159 Replies, 2,162,524 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,066 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,377 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,374,860 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,145 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,794 Replies, 1,043,164 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,346 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,167 Views
MX12 reappointed at MX11
8 Replies, 766 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,214 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,141,786 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,926 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,364 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
206 Replies, 134,446 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,264 Views
NUS (National University of... ( 1 2 3... Last Page)
318 Replies, 318,782 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:26 PM.


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