| 21-05-2016 12:48 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Thanks for letting me know. This confirms that when I'm looking to buy a certain stock, I'll just skip all the sell side research. Pertaining to my field, it really seems I shouldn't read into any FOMC projections for US dollar views and hedges.
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sell side analyst only know how to go bloomberg find inputs to spreadsheet template to churn reports. wont learn anything go there.
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| 19-05-2016 10:44 AM |
| Unregistered |
This should be useful
://.unofficialguidetobanking.com/
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| 19-05-2016 09:10 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
- It's an intellectually dishonest job. If you are on the sell-side, you tweak the projections to make the valuation go up.
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Thanks for letting me know. This confirms that when I'm looking to buy a certain stock, I'll just skip all the sell side research. Pertaining to my field, it really seems I shouldn't read into any FOMC projections for US dollar views and hedges.
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| 19-05-2016 09:02 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Investment banking : How bad can a job get?
How bad can a job get? Very bad. I am in investment banking (corporate finance/M&A). Let me tell you why I hate this job so much (despite the $$$)...pardon me while I get all these things off my chest:
- MDs (the senior bankers) have no respect for your time. They email and expect you to reply or get the stuff done even at midnight on a saturday. I am their slave 24/7 with no life of my own. I've been sleeping an average of 4 hours a day for the last 6 months. How long can this go on before my health is permanently damaged?
- It's an intellectually dishonest job. If you are on the sell-side, you tweak the projections to make the valuation go up. Buyside, do the reverse. You continue doing this even if no one believes in these projections and the work product any more. I can't believe that I am wasting my life on something so worthless and so dishonest.
- Generally, investment bankers are the most money-driven idiots around without any moral principles. It's all about cover-your-ass and the office politics is just AMAZING. Everything has to be written on email for records sake and so you can point your finger at others when things go wrong. Colleagues are jerks.
- Investment bankers really know sh*t about the clients' business but we do a good job of pretending we do and then we fleece our clients with millions in fees. How come no one sees through this folly?
://.expatsingapore.com/forum/index.php/topic,52364.0.html
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And you get to retire with sufficient cash in the bank when you're 40.
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| 19-05-2016 08:00 AM |
| Unregistered |
check out wall street oasis 
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| 19-05-2016 06:01 AM |
| Unregistered |
Investment banking : How bad can a job get?
How bad can a job get? Very bad. I am in investment banking (corporate finance/M&A). Let me tell you why I hate this job so much (despite the $$$)...pardon me while I get all these things off my chest:
- MDs (the senior bankers) have no respect for your time. They email and expect you to reply or get the stuff done even at midnight on a saturday. I am their slave 24/7 with no life of my own. I've been sleeping an average of 4 hours a day for the last 6 months. How long can this go on before my health is permanently damaged?
- It's an intellectually dishonest job. If you are on the sell-side, you tweak the projections to make the valuation go up. Buyside, do the reverse. You continue doing this even if no one believes in these projections and the work product any more. I can't believe that I am wasting my life on something so worthless and so dishonest.
- Generally, investment bankers are the most money-driven idiots around without any moral principles. It's all about cover-your-ass and the office politics is just AMAZING. Everything has to be written on email for records sake and so you can point your finger at others when things go wrong. Colleagues are jerks.
- Investment bankers really know sh*t about the clients' business but we do a good job of pretending we do and then we fleece our clients with millions in fees. How come no one sees through this folly?
://.expatsingapore.com/forum/index.php/topic,52364.0.html
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| 19-05-2016 12:14 AM |
| Unregistered |
Quote:
Originally Posted by superprawney
Have you guys seen this short video / commercial by DBS? [s://..com/watch?v=IWjYgE09GqQ[/
Anyone here know what department they are working in? Seems like a very fun place to work at and evaluate client loan requests etc. Anyone who knows whats their job positions etc? I only know of the relationship manager, but are there more junior posts which i can enter to try out? And if anyone also has experience in this line able to share more? thank you
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glorified video la. irl everything is strictly subjected to the credit appraisal, legal n compliance aspects. if its DBS, shld be sme lending... they r just RM go meet the prospective obligor / borrower and their business, determine the amount required, etc. comes back write a bull load of proposals n have the credit risk team (adrian png) to evaluate the credit proposal. i.e. how big is the loan facility going to be, what is the tenure, what r the recourse, collaterals, gurantors or rates,etc etc.
its not suka suka come in the room n say u die die want this kacang puteh sme biz owner to be awarded with a credit line of 100m just becos they think or they have faith in the biz. if the figures dont jive, then end of story.
TS, u r grad from bnf. likely u r either from DL uol or rmit or other DL programmes in sg.
i tell u, banking is not as exciting as u think it is. many rules n policies to adhere to. if we r talkin about the FO side i.e. M&A, S&T, FICC,etc, u pretty much stand close to zero chance as a freshie with NO working exp. hard truths.
and in this internet age, i dont believe u cant find anything about banking industry. do your homework... all the best to u.
-someone in banking
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| 18-05-2016 09:53 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
if you're from oxford like the guy in the video, no problem entering as a fresh grad.
(though I haven't seen any oxford grads in DBS??)
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i don't think he's referring to the oxford guy lol, but more towards their department and team in general that they are working in and what is it haha. I would love to help but im doing insurance so i don't know which dpt they are in.
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| 18-05-2016 09:21 PM |
| Unregistered |
if you're from oxford like the guy in the video, no problem entering as a fresh grad.
(though I haven't seen any oxford grads in DBS??)
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| 18-05-2016 09:18 PM |
| Unregistered |
I saw this video awhile back am an also curious as to what department and what line they are all working in? Because i don't believe you can start off as a "relationship manager" straight away, what are the entry positions to this area? anyone care to share?
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