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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 31-03-2011 04:00 PM | ||
| Unregistered |
These super high paying jobs are usually investment bankers, commodities traders, wealth managers, hedge funds analysts and the like. The next tier are the management consultants. Make no mistakes, these are tough work, long hours and stressful environments. You will be handling billions of dollars, and profits/losses per day counted in millions. You need to be able to work round the clock, in line with trading hours in major exchanges around the world. You need to understand how financial markets work, make quick decisions when new information surfaces, able to understand complicated financial models. Not everyone is ABLE to do this kind of job. And amongst those able to, very few are WILLING to. No work-life balance at all. Most people going in are either aiming to earn the max in 5 years and retire, or really like such work. (The former sounds alot like prostitution, lol). Why are these top earners cluster around SMU? Because these requires training in finance and SMU has the greatest concentration of finance majors. But you can find such top earners from NBS and NUS Bizad. And even other schools like Mathematics or Computer Science but these are rarer. So don't be too envious of them. They earned it. Btw I'm not one of them. I'm not willing to lead that kind of life and have no interests in finance. I just have a few friends inside. |
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| 31-03-2011 02:42 PM | ||
| curryrice |
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| 27-03-2011 08:33 AM | ||
| k3vin | I guess, due to the nature of SMU's education, generalizing here but.. they generally would bound to be more outspoken than say NTU or NUS students, so are able to come tops in interviews, smaller class sizes where you can interact helped. | |
| 27-03-2011 06:11 AM | ||
| Unregistered |
[QUOTE=NUS Student;10577Also, now that SMU also has a law school and its first batch will be graduating this year, it would be interesting to see whether SMU law grads will topple NUS law grads from the top of the rankings...[/QUOTE] More importantly, is there going to be oversupply? |
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| 27-03-2011 06:08 AM | ||
| NUS Student |
Even if you don't look at the top 20%, SMU graduates' starting salary tend to outstrip their peers with similar degrees. Let's disregard SMU's Cum Laude statistics and just look at the starting salaries of those who did not achieve Cum Laude. SMU Business Management is ranked 16 compared to NUS Business (Honours) at 22 and NTU Business at 53. Likewise, SMU Economics is ranked 10 whereas NTU Economics is ranked 44. (Graduate Employment Survey 2010 (published 2011) | Salary.sg - Your Salary in Singapore) This is particularly impressive given that SMU is a relative newbie compared to NUS and NTU. How is it that their graduates command much higher starting salaries? Is SMU gaming the statistics or are they really doing something right to make their graduates look so attractive? Also, now that SMU also has a law school and its first batch will be graduating this year, it would be interesting to see whether SMU law grads will topple NUS law grads from the top of the rankings... |
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| 26-03-2011 09:51 PM | ||
| warning |
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if the 13k includes housing allowance, that's quite reasonable for financial institutions. |
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| 26-03-2011 09:01 PM | ||
| k3vin |
The base for ministries is what you have mentioned. I just put 3.7 +/- as a middle ground number between ministries and the other offers I am fielding such as MA. For example, I turned down a PA offer, it is higher than ministry pay after $450 shift allowance. And since I gave some details about myself in another thread, I wont be revealing the exact organizations esp as I am still weighing up their offers. Just fyi, usually banks' MA programme will pay 4k+  My friends in Citibank now are getting 4+ as MAs.
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| 26-03-2011 08:41 PM | ||
| blackswan |
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| 26-03-2011 08:34 PM | ||
| Unregistered |
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| 26-03-2011 08:29 PM | ||
| k3vin |
SMU's batch is really small, so definitely the average of the top 20% would be bumped up by those who choose to go overseas. I would think that the "real" top 20% discounting outliers to be perhaps 4.5-4.7? Thats really within the realm of possibility. I am an arts grad with a pretty useless major, projected 2.1 hons, finished ns. Some international representation of nus and nation, I am fielding offers at 3.7 +/-. after allowances in both private and gov. I dont think its too big a surprise for someone with a better CV and a FCH to be getting 4.5-4.7. Considering even within the government a FCH male could be hitting ~4k +/- with allowances with a good CV within ministries. What more MNCs which are fighting to hire those? They will probably offer more. |
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