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Topic Review (Newest First)
23-02-2022 08:30 PM
Unregistered s://.efinancialcareers.com/news/2022/02/why-singaporeans-stick-with-local-banks
22-02-2022 06:11 PM
Unregistered May i know for Standard Chartered Bank for tech backend, what is the yearly increment and the bonuses? is it 15% or more?
22-02-2022 05:27 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Donít bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you donít necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please laÖ This kind of mentality is so naive, thatís why you donít make $300k pa. You donít even bother to invest in yourself.
This makes quite a fair bit of sense. Someone living the caipng 3k lifestyle would likely not even get into upper echelons of management because of ďbeing unable to fit inĒ

Also, many people who are able to get hungry to make more money genuine love/are driven to manage their jobs; a lot of it encompassing managing your team, reporting upwards and handling clients
22-02-2022 05:14 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Anyone know this?
Go for it. Pay is at least 10-20% more and hours still very manageable.
22-02-2022 05:10 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
For someone working in roles like internal audit/compliance with around 3-4 YOE, is it feasible/worthwhile to try to move to a more quantitative risk management role such as credit / liquidity / market risk?

Not sure if there is a meaningful difference in salary range as well, especially given that these types of risk management roles seem to be much more technical / quantitative (and hence likely harder to land as well). Any general insights on risk management as a career path is much appreciated!
Anyone know this?
21-02-2022 09:37 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
put in cpf lor hahahhaahahahahaha
1m65???
4m65???


LMAOOOOOOO wo pls ni la!!!!
21-02-2022 07:39 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Donít bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you donít necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please laÖ This kind of mentality is so naive, thatís why you donít make $300k pa. You donít even bother to invest in yourself.
Its ok la...no right or wrong to each its own.
21-02-2022 07:03 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Your example is far too simplistic because nobody earning 300k is going to spend all of it. Btw which bonds which aren't complete junk are going to pay 4% in the current market?
Donít bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you donít necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please laÖ This kind of mentality is so naive, thatís why you donít make $300k pa. You donít even bother to invest in yourself.
21-02-2022 04:24 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Your example is far too simplistic because nobody earning 300k is going to spend all of it. Btw which bonds which aren't complete junk are going to pay 4% in the current market?
put in cpf lor hahahhaahahahahaha
21-02-2022 04:12 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
The point is that you only need to do that for a few years.

Let's say there are 2 people.

Both earn 300k takehome.

A spends all of it.
B spends only 36k and invest 264k a year (let's just say 22k monthly in bonds of 4% interest per year).

After 5 years at the job, A has no savings. B has $1.43M.

Now, recession hits. Both lose job.

A has no choice. He has to go find a job even if it pays less than 300k because he has expenses to pay.

B can literally just live off the interest of 4% per year which is 57k a year or 4.7K a month if he wants to while taking his own sweet time to find a job that pays him 300k or more. He will in fact even has excess because his expenses is same as when he earning 3k a month.

Now, I used bonds as example. Imagine stock market.

Compounding interest is the key. Literally earning interest on interest.
Your example is far too simplistic because nobody earning 300k is going to spend all of it. Btw which bonds which aren't complete junk are going to pay 4% in the current market?
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