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Topic Review (Newest First)
21-06-2021 02:13 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
DBS? 10 char
OP better go fix the double charging issue. Sibei dulan. Asia's best bank my foot.
20-06-2021 10:55 PM
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Quote:
Originally Posted by megalomaniac View Post
Really appreciate the inputs everyone! I've decided to go into banking tech as I'll be working on cloud infrastructure - hopefully avoiding having to deal with legacy systems. Like many have pointed out, I probably don't want to contend with the poor WLB associated with the higher pay, plus I think there's value in gaining more technical experience earlier in my career.
DBS? 10 char
19-06-2021 01:53 PM
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Originally Posted by Unregistered View Post
Hahaha 'value is subjective" is the biggest crock of bull ive heard and is very much on brand with consulting in general.

In the same way missionaries go about telling people that they can't see, hear or feel god, but trust us, he exists!
And there you go - thanks for this. Look at how powerful religious organisations are in today's world.

If selling a "crock of bull" enables me to be successful to such an extent, just like these religious organisations, i'm down for it.

Value is subjective, in the sense that you don't seem to appreciate the industry while CEOs around the world do. Like I said, maybe you are just more operationally savvy and gifted than these corporate leaders who don't know what they are doing.
19-06-2021 01:27 PM
Unregistered Bottom line, if you are a fresh grad and have offers from MBB/Tier 2 (OW, Kearney, S&). you take it 99% of the time. Regardless of your major (simply because there is very little jobs out there offering the same pay/branding/exit opportunities at the start of your career).

Anything other than that becomes subjective. E.g. your acn/big 4/mid-tier strat firms.
19-06-2021 01:22 PM
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Originally Posted by Unregistered View Post
Value is subjective. Seems like management feels differently from you to be paying consultants then. Maybe they aren't as operationally savvy as you though
Hahaha 'value is subjective" is the biggest crock of bull ive heard and is very much on brand with consulting in general.

In the same way missionaries go about telling people that they can't see, hear or feel god, but trust us, he exists!
19-06-2021 12:14 PM
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Originally Posted by Unregistered View Post
Lame. Every M&A RTO buyout restructure etc has auditors lawyers and investment bankers on it too. Fact of the matter is that out of all the professional services, consulting brings the least actual value to anything.
Value is subjective. Seems like management feels differently from you to be paying consultants then. Maybe they aren't as operationally savvy as you though
19-06-2021 12:18 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Lame. Every M&A RTO buyout restructure etc has auditors lawyers and investment bankers on it too. Fact of the matter is that out of all the professional services, consulting brings the least actual value to anything.
But who is brought in to recommend the m&a first?
18-06-2021 11:42 PM
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Originally Posted by Unregistered View Post

Strategy consulting will probably survive. Snake oil or not, C-suites dig it. Almost (if not all) the mergers / carve outs u see on Financial Times probably has a consulting team on it. However, the landscape, where they play, and margins may change.
Lame. Every M&A RTO buyout restructure etc has auditors lawyers and investment bankers on it too. Fact of the matter is that out of all the professional services, consulting brings the least actual value to anything.
18-06-2021 11:26 PM
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Originally Posted by Unregistered View Post
Maybe he meant overrated to non-tech employees. Because non-tech employees dont get paid highly there anyway.

Big tech isnt overrated. They pay well for tech employees who are worth their salt-particularly those who are constantly seeking to upskill themselves in new tools, people who arent afraid to learn well into their 40s, 50s.

Haha i see alot of these non-tech people joining big tech company and they automatically become some "techies". Throw big words like AI/ML/Data Analytics when they can't even write proper formula in excel.

Then the news also promoting these role (women in tech or tech switch whatever) such that the entry of barrier into tech industry become a joke. Like a chinese culture grad can suddenly become data analyst lol?! But then data analyst is not considered tech role anyway. They just churn data and do dashboarding.

Anyway, the top pay in tech is always the engineering side but due to some hype other company slow to adapt to tech keep on hiring useless Business Analyst, Data analyst, UI UX designer and inflating their salary. When i say useless, i mean they hire more than required. such that they are many of these freeloading tech job.
18-06-2021 09:16 PM
Unregistered Yea. Wasn't clear - overrated to non-tech employees. Pay is really just average if you aren't in tech side of things. Yes, data is the new oil - AI ML predictive data analytics big data data science bla bla bla all the buzzwords. Ultimately you just have to find the right industry / position to make good money comfortably, be it in big tech or not.

Strategy consulting will probably survive. Snake oil or not, C-suites dig it. Almost (if not all) the mergers / carve outs u see on Financial Times probably has a consulting team on it. However, the landscape, where they play, and margins may change.

Anyway, salary wise, all of the above are mediocre when compared to the PE dudes who earn through carry interest.
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