14-05-2015 12:12 PM | ||
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This forum does have a disproportionately large no. of participants asking banking / FI related career questions, so in that sense I would say yes most would probably accept if they were offered a job in investment FO. Of course whether they can get it or if they can perform once they get in is another different story... |
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13-05-2015 09:53 PM | ||
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Not everyone is as shallow and pathetic. There are many, many better and far more rewarding careers. |
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13-05-2015 10:27 AM | ||
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now in sg its not like if u choose some low paying job guarantee will have work life balance or good boss, many low paying pmets are bully by foreign boss, work long hours and backstab by colleagues anway. if its gonna be a sheet job, might as well take the $$$ with the sheet... at least u get compensated for it |
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13-05-2015 09:55 AM | ||
Unregistered | only if thats the kind of job you want to be in. most people will want that money but not all will want that kind of job. | |
13-05-2015 09:10 AM | ||
Unregistered | regardless of all the bad things you all keep saying abt investment banking, just admit lar if a bank offers u to be a IB most of u would have grab it instantly... | |
12-05-2015 11:28 PM | ||
Unregistered | Speaking of required reading material before joining the industry, I have another one to add to the mix: FIASCO: The Inside Story of a Wall Street Trader. About life on the derivatives desk at MS back in the day. I learnt what it means to 'rip your f**king face off'. | |
12-05-2015 07:48 PM | ||
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FO buy the book called Monkey Business and you will see what IBanking is really like. |
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12-05-2015 11:34 AM | ||
Unregistered | you work for that banker money, thats for sure. it doesnt come easy. | |
11-05-2015 11:38 PM | ||
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Don't even talk about job stability. Maybe you have been lucky to made money trading or had the monster deal that paid damn a lot of production credits last year so that you can throw money at all the zabors in KTV or make downpayment on that limited edition Lambo. Guess what? Next year you don't make that same money for the firm and the bank hit a bad patch like kena fined or lose money, it's bye bye for you, especially if you are senior, expensive and not producing or inexperienced, dispensable and don't bring value to the table for seniors. Next year, after the bank recovers, they will just rehire new freshies that are willing to work their little fingers to the bone for less. For the bright eyed bushy tailed ones that just joined, I am sorry to disappoint you. While the money is indeed better than other starting jobs out there, it is way less than what it is before and it will only continue to decline as tightening regulation crimps margins. There is one thing that will increase though, and that is the amount of **** each minion has to suffer as there are less of you around per senior/boss. Prestige? Glam? Hahaha. Seriously?? You think people really give a sh*t if you are a 'banker'? A piece of advice for you from someone inside, join for the money and the money only, as the glam is only as real as what you can buy using the money and only for that brief moment. But then, see above part about the money and conclude that you are f***ed either way. Still want to join banking? |
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10-05-2015 03:57 PM | ||
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It's tough. You are forced to survive on a lack of sleep, diminishing social circle, huge stress, etc. Furthermore, the industry tends to be volatile, which affects your job stability. Not all are willing to sacrifice that much for the money/prestige. |
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