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05-03-2011 04:47 PM
Unregistered
Quote:
Originally Posted by same guy as last time View Post
So to all the wank*rs out there who come here and boast abt your million dollar salaries p*ss off
I actually do not begrudge those earning millions if dollars; I am however annoyed by those here who claim they make millions when they don't... Don't know why, can't put my finger on it...

Maybe it's the belief that those making millions should be earning their money instead of contributing to forums... Civil servants on the other hand... Play on
04-03-2011 09:56 AM
Oxbridge Guy
Quote:
Originally Posted by same guy as last time View Post
Short story is that I didn't get in.

There were 4-5 bulge bracket IBs (now 3?), who maybe take on 10-20 slaves a year each; also a whole bunch of boutiques that take in 1-2 a year...

I tried competing, attended full day sessions and workshops... Damn siong btw... but like American Idol, there are only so many that get brought in to the finals... mind you everyone had a Oxbridge, IC, LSE etc etc. degree or 2. 1 EVP at Citi really liked me, but even that's not enough sometimes...

so how? come back to Singapore and land the first job you can.

In hindsight (sour grapes maybe) I have seen that those in IBs have lost their quality of life. Single, tired and rich is not how i would describe myself... but I do think I am happy...

So to all the wank*rs out there who come here and boast abt your million dollar salaries p*ss off

To all those benchmarking, the stats don't lie; chances are if you can afford an internet connection, you're doing alright.

Hi , I know how you feel. Even for an oxbridge graduate myself, I did not manage to secure any IB positions. Just so you know that we are competing with other foreign talents as well. The job market in the UK was horrible last year, and I even the Brits and Americans were even applying for front office positions in Singapore and Hong Kong. Actually if you take into account takes and everything else, salaries in Singapore (FO) are about 30% higher than the UK.

UK - 40% Income tax + 20% VAT
SG - ~10-15% Income tax + 7% GST
02-03-2011 06:11 PM
same guy as last time
Quote:
Originally Posted by Unregistered View Post
Why didn't you join them in IB?
Short story is that I didn't get in.

There were 4-5 bulge bracket IBs (now 3?), who maybe take on 10-20 slaves a year each; also a whole bunch of boutiques that take in 1-2 a year...

I tried competing, attended full day sessions and workshops... Damn siong btw... but like American Idol, there are only so many that get brought in to the finals... mind you everyone had a Oxbridge, IC, LSE etc etc. degree or 2. 1 EVP at Citi really liked me, but even that's not enough sometimes...

so how? come back to Singapore and land the first job you can.

In hindsight (sour grapes maybe) I have seen that those in IBs have lost their quality of life. Single, tired and rich is not how i would describe myself... but I do think I am happy...

So to all the wank*rs out there who come here and boast abt your million dollar salaries p*ss off

To all those benchmarking, the stats don't lie; chances are if you can afford an internet connection, you're doing alright.
01-03-2011 08:21 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I have an MSc in Econs from the LSE. Started off in 2003 (dire times, so they tell me) at $3000pm as a industry analyst.

Took 5 bloody (literally) yrs to double my salary.

Some classmates went to Investment Banks and got the keys to their Porsche in under 24 months... although they don't have the time to drive it anywhere.
Why didn't you join them in IB?
01-03-2011 12:51 PM
Unregistered I have an MSc in Econs from the LSE. Started off in 2003 (dire times, so they tell me) at $3000pm as a industry analyst.

Took 5 bloody (literally) yrs to double my salary.

Some classmates went to Investment Banks and got the keys to their Porsche in under 24 months... although they don't have the time to drive it anywhere.
25-02-2011 06:50 PM
Olligod Thanks for the replies everyone. I just wanted a ball park figure of what to expect, if you would be kind enough to break it down by industry, I'd be ever more grateful!
25-02-2011 06:18 PM
humph
Quote:
Originally Posted by Olligod View Post
I don't really care what kind of job/industry I get into, teaching, gov't stats board, consulting, finance, etc all are fine.

May I know what kind of starting pay I should expect?
Since you are studying a Masters in Econs, you should know that pay is determined by demand and supply in a particular industry, not the paper qualifications you have. The pay an econs teacher gets and the pay an IB analyst gets will obviously be very different.

If you don't even know what field you want to pursue, then you really shouldn't be worrying about starting pay. You should be worried about getting hired in the first place. Nobody wants to hire someone who doesn't care about the industry and is just interested in starting pay.
25-02-2011 03:05 PM
what
Quote:
Originally Posted by Olligod View Post
I don't really care what kind of job/industry I get into, teaching, gov't stats board, consulting, finance, etc all are fine.

May I know what kind of starting pay I should expect?
Your starting pay is based on your job, not on your qualifications.
I have seen Msc Econs grads being paid anything from 2k - 4.5k.
25-02-2011 10:47 AM
FINANCE This is in the financial services sector btw.
25-02-2011 10:47 AM
FINANCE Hi, we just hired a fresh grad with a Msc in Economics from a SG uni. Her base salary is $4.5k excl bonuses. Hope this helps.
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