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Topic Review (Newest First)
19-04-2018 05:25 PM
Unregistered
Career in NDA

I am looking to build my career and searching for NDA Coaching institutes in Lucknow. I have googled it and found Anupam Defence academy but am not sure whether to go for it or not. Kindly let me know and provide me more Institutes in Lucknow for NDA.
28-06-2016 03:26 PM
Unregistered I realize a lot of layman out there think that working in the financial industry is about playing the markets...
28-06-2016 11:58 AM
Unregistered
Quote:
Originally Posted by newdaddy View Post
Good evening all,

Really need some help here. Please advice me. I was in a SME finance firm for 2 years before I moved to the education industry. Pay is relatively higher now but compared to my peers in finance (mainly those in foreign banks), my pay is still about 3k take home.

My baby is born just a month ago, and when I calculate my finances, it is barely enough. I only get to save 50-100 bucks a month on good months.

I am a NUS economics grad, with CFA level 2. I am pondering if I should return to the finance side but am apprehensive. The reason I quit finance was because I was doing many meaningless things other than studying the markets which I love to do. Therefore decided to change to education to do something more meaningful and spend my free time studying the markets.

However, I must say that the possibility of getting a higher pay (so as to provide for my family) in certain financial institutions sometimes make me wonder if I should go back again, and if I do, where? will I be accepted then? will I need to start from zero again?

regards,
new daddy
While your peers are busting their butts in their young and single days working like mad to build up banking careers, you took the easy way out to find a job that has a lot of free time for you to "study markets" . Isn't it now a bit late to declare you want to head back when the bus has left long ago?

FYI 99% of FI jobs need to do real things, not sit around with your brokerage account and stare at markets.
27-06-2016 11:39 PM
Unregistered
Quote:
Originally Posted by newdaddy View Post
Good evening all,

Really need some help here. Please advice me. I was in a SME finance firm for 2 years before I moved to the education industry. Pay is relatively higher now but compared to my peers in finance (mainly those in foreign banks), my pay is still about 3k take home.

My baby is born just a month ago, and when I calculate my finances, it is barely enough. I only get to save 50-100 bucks a month on good months.

I am a NUS economics grad, with CFA level 2. I am pondering if I should return to the finance side but am apprehensive. The reason I quit finance was because I was doing many meaningless things other than studying the markets which I love to do. Therefore decided to change to education to do something more meaningful and spend my free time studying the markets.

However, I must say that the possibility of getting a higher pay (so as to provide for my family) in certain financial institutions sometimes make me wonder if I should go back again, and if I do, where? will I be accepted then? will I need to start from zero again?

regards,
new daddy
3k take home means 3750 gross pay currently?

I doubt FI can even match your current pay. Your exp in SME and education industry is irrelevant and CFA L2 is nothing to shout about. In reality, you are as good as no exp fresh hire.

More or less all the FO and MO roles is out for you. MAP also not likely since they usually only accept up to 2 years work exp and your credentials dun look like the kind that can get in also.

That leaves BO. Now most BO operations jobs are on 1-2 years contract and although got chance for you, I dun think its worth take up a contractor position esp your baby coming out. Even if you get it, the jobs are mostly paying 2.7-3.2k with very little bonus, so end up pay cut also.

Last alternative is join branch sales or corp sales, but those also dun pay 3750 base for freshie and no kpi met means no bonus and termination.

TLDR; stay put in ur job.
27-06-2016 09:28 PM
Unregistered
Quote:
Originally Posted by newdaddy View Post
Good evening all,

Really need some help here. Please advice me. I was in a SME finance firm for 2 years before I moved to the education industry. Pay is relatively higher now but compared to my peers in finance (mainly those in foreign banks), my pay is still about 3k take home.

My baby is born just a month ago, and when I calculate my finances, it is barely enough. I only get to save 50-100 bucks a month on good months.

I am a NUS economics grad, with CFA level 2. I am pondering if I should return to the finance side but am apprehensive. The reason I quit finance was because I was doing many meaningless things other than studying the markets which I love to do. Therefore decided to change to education to do something more meaningful and spend my free time studying the markets.

However, I must say that the possibility of getting a higher pay (so as to provide for my family) in certain financial institutions sometimes make me wonder if I should go back again, and if I do, where? will I be accepted then? will I need to start from zero again?

regards,
new daddy
Unfortunately you've come at a really bad time. Other than commodities or O&G, banking/finance is one of the worst industries now with little hiring and lots of retrenchment. With Brexit just announced few days ago, the next 1 year is going to get even worse before it gets better.

With many well qualified Finance people applying for the relatively few openings, your chances as an outsider from education industry and just minor experience in another SME, getting anything is close to zero, especially at your level which I assume from your pay is more or less junior associate.

With the baby coming along, my advice is stay put and don't do stupid things. Now your case is very different from carefree single at most jobless just bunk in with parents and eat maggi mee everyday.
27-06-2016 08:53 PM
newdaddy
career advice needed

Good evening all,

Really need some help here. Please advice me. I was in a SME finance firm for 2 years before I moved to the education industry. Pay is relatively higher now but compared to my peers in finance (mainly those in foreign banks), my pay is still about 3k take home.

My baby is born just a month ago, and when I calculate my finances, it is barely enough. I only get to save 50-100 bucks a month on good months.

I am a NUS economics grad, with CFA level 2. I am pondering if I should return to the finance side but am apprehensive. The reason I quit finance was because I was doing many meaningless things other than studying the markets which I love to do. Therefore decided to change to education to do something more meaningful and spend my free time studying the markets.

However, I must say that the possibility of getting a higher pay (so as to provide for my family) in certain financial institutions sometimes make me wonder if I should go back again, and if I do, where? will I be accepted then? will I need to start from zero again?

regards,
new daddy
30-09-2011 08:56 AM
tcyeric
Quote:
Originally Posted by Unregistered View Post
I feel CFAs are over-rated. Unless you are planning to work in asset management or a hedge fund having a CFA doesn't really make a big difference.

Most of my friends in banks do not have CFAs and the only 1 guy who has it and works at treasury says it didn't really do much for him cept make his already impressive qualifications look even better (he got first class honors from NTU!)...

Other areas which use 'financial analysts' in banks also include their commerical banking, corporate banking departments. They always require people who know how to do financial analysis to 'review' their customer's annual performance and/or new prospects. This involves reviewing their financial performance and indicators, projecting their cashflows, analyzing their industry risk, management etc.

So can always consider that too.
Hey there, thanks for the advice, i'd definitely put it into consideration lots to think about over the weekend
29-09-2011 06:49 PM
Unregistered I feel CFAs are over-rated. Unless you are planning to work in asset management or a hedge fund having a CFA doesn't really make a big difference.

Most of my friends in banks do not have CFAs and the only 1 guy who has it and works at treasury says it didn't really do much for him cept make his already impressive qualifications look even better (he got first class honors from NTU!)...

Other areas which use 'financial analysts' in banks also include their commerical banking, corporate banking departments. They always require people who know how to do financial analysis to 'review' their customer's annual performance and/or new prospects. This involves reviewing their financial performance and indicators, projecting their cashflows, analyzing their industry risk, management etc.

So can always consider that too.
29-09-2011 06:47 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Is this a fancy report?

More pain to come for Singapore’s property market

Written by The Edge
Tuesday, 13 January 2009

IF YOU thought the local property market was fairly close to bottom and it was time to start looking at bargains, think again. That’s what US banking giant Citigroup says in a new report on Singapore property titled Bear Trap: Sell into Strength. The way Citi’s property analysts Wendy Koh and Tan Chun Keong see it, there is likely to be a lot more pain in Singapore property in year ahead before we will even see the glimmer of any gain.

Citi bases its pessimistic Singapore property outlook on deteriorating economic fundamentals. The US bank now expects Singapore economy to contract 2.8% this year following a mere 1.5% GDP growth last year and 7.7% growth in 2007. Citigroup strategists are forecasting the benchmark STI will fall to 1,500 again over the next few months before rebounding later in the year to current levels.

As the economy continues to contract, job losses mount and bank lending slows, Citi forecasts mid–tier to high-end residential property prices in Singapore could fall another 35% bringing “prices back to 1998 levels” or down nearly 45% from their peaks.

For the mid-tier segment, where prices have already fallen some 20% from their peaks a year ago, Citigroup forecasts prices are likely to fall further in the absence of an overall housing oversupply. “For luxury properties such as Ardmore Park that have (already) seen price correction of approximately 35% from a year ago, we think prices could potentially fall by another 30-40% to reach the 2003 and 1998 levels,” the Citi report said. This implies a 55–60% decline from their peaks in 2007.
This 2009 report is totally crap. Someone should track all these reports and highlight all the totally nonsense predictions and projections.

That said, in a somewhat related study, someone compared stock picks from stock analysts with those from monkeys. Guess what. The monkeys did slightly better.
28-09-2011 10:13 PM
Unregistered
Quote:
Originally Posted by madgoat View Post
The world is full off analysts who write fancy reports and make stock calls that become the butt of everyone's jokes later on.
Is this a fancy report?

More pain to come for Singapore’s property market

Written by The Edge
Tuesday, 13 January 2009

IF YOU thought the local property market was fairly close to bottom and it was time to start looking at bargains, think again. That’s what US banking giant Citigroup says in a new report on Singapore property titled Bear Trap: Sell into Strength. The way Citi’s property analysts Wendy Koh and Tan Chun Keong see it, there is likely to be a lot more pain in Singapore property in year ahead before we will even see the glimmer of any gain.

Citi bases its pessimistic Singapore property outlook on deteriorating economic fundamentals. The US bank now expects Singapore economy to contract 2.8% this year following a mere 1.5% GDP growth last year and 7.7% growth in 2007. Citigroup strategists are forecasting the benchmark STI will fall to 1,500 again over the next few months before rebounding later in the year to current levels.

As the economy continues to contract, job losses mount and bank lending slows, Citi forecasts mid–tier to high-end residential property prices in Singapore could fall another 35% bringing “prices back to 1998 levels” or down nearly 45% from their peaks.

For the mid-tier segment, where prices have already fallen some 20% from their peaks a year ago, Citigroup forecasts prices are likely to fall further in the absence of an overall housing oversupply. “For luxury properties such as Ardmore Park that have (already) seen price correction of approximately 35% from a year ago, we think prices could potentially fall by another 30-40% to reach the 2003 and 1998 levels,” the Citi report said. This implies a 55–60% decline from their peaks in 2007.
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