Do all bankers
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all dentist work on weekends.Originally posted by JLennon:personally, i think the best job goes to the dentist. its very rare to suffer from a terminal toothache so there is no need for the dentist to do night-shifts and burn weekends. -
at least in the mornings.Originally posted by dragg:all dentist work on weekends. -
To be a "rich" dentist have to be a specialist or run your own clinic along orchard road servicing rich customers, epecially tai tai and their children.Originally posted by JLennon:personally, i think the best job goes to the dentist. its very rare to suffer from a terminal toothache so there is no need for the dentist to do night-shifts and burn weekends. -
i think all dentists make a bundle. look at how much they charge!!Originally posted by Gazelle:To be a "rich" dentist have to be a specialist or run your own clinic along orchard road servicing rich customers, epecially tai tai and their children. -
Be careful of banking industry, banks are slave drivers, but they do pay well if you deliver. If you cant take the extreme stress of working long hours in the first 2 to 3 years, forget it.Originally posted by YummyGummy:get 5 figure salary. read in news paper onces then i feel like taking banking course in poly.
But then i also heared Accountants never get retrench and will sure get job anywhere anytime want!
true or not!
As for accountant, it is the same shit. working hour are very long. E.g. if you see people still working in the office after 8pm, usually it is the junior accountants.
If you get into the Big 4, make sure you are ready to work through the weekend for at least the first few years.
5 figure salary doesnt come easily, you need to work for it. -
it certainly beats working long hours for a $2-3k salary.Originally posted by Gazelle:Be careful of banking industry, banks are slave drivers, but they do pay well if you deliver. If you cant take the extreme stress of working long hours in the first 2 to 3 years, forget it.
As for accountant, it is the same shit. working hour are very long. E.g. if you see people still working in the office after 8pm, usually it is the junior accountants.
If you get into the Big 4, make sure you are ready to work through the weekend for at least the first few years.
5 figure salary doesnt come easily, you need to work for it. -
If anyone has experience in the big 4,kindly help me out here.
Does entering the big 4 for say around 3 years and then moving onto the banking industry(obviously I'm talking abt investment banking) have any advantage over entering banking sector directly upon graduation?
I intent to do my CFA during those 3 years as well and getting into the big 4 is all but a cartainty for me.
Which route is better? -
only a certain percentage goes to the dentist and most of the money goes to the clinic. Dentist salary is limited by the no of hours they have each day. So in order to get more you have to charge high or get dentist to work for you.Originally posted by dragg:i think all dentists make a bundle. look at how much they charge!! -
goes to the clinic?Originally posted by Gazelle:only a certain percentage goes to the dentist and most of the money goes to the clinic. Dentist salary is limited by the no of hours they have each day. So in order to get more you have to charge high or get dentist to work for you.
i thought the dentist own the clinic. -
You thought, but it is NOT.Originally posted by dragg:goes to the clinic?
i thought the dentist own the clinic.
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To be an investment banker, you must first know where to invest, and before you can do that, you need to know what exactly are you investing in, who are the people running the companies.Originally posted by finance_geek:If anyone has experience in the big 4,kindly help me out here.
Does entering the big 4 for say around 3 years and then moving onto the banking industry(obviously I'm talking abt investment banking) have any advantage over entering banking sector directly upon graduation?
I intent to do my CFA during those 3 years as well and getting into the big 4 is all but a cartainty for me.
Which route is better?
I would think that working for the big4 will give you valuable exposure to what real business world is all about and also learn about how different companies and industries operate behind the scene.
If I were you I will take the Big 4 route. -
Thanks gazelle.
Another thing,if I become a CPA after 2 years,can I retain that title even if i leave the accounting field for the banking sector?
If possible,then it would be definitely worthwhile to slog it out at the big 4 for a couple of years.
My main concern is that the overwhelming workload at the big 4 might hinder my preparation for my CFA exam. -
My fren used to work for one of the Big 4 after graduation from NUS with a degree in Accountancy. She was literally a slave there. morning 9 to evening 11-12am ...saturday till 3-4 ..sunday sometimes need to work..sometimes free depends on boss. she worked for 3 yrs there..became very stressed,developed a dental problem as her teeth wasgrinding against her jaw due to work pressure...the pay was pretty alright..btw $3000 to $4500 gross mthly.then quited her job last yr to join IRAS...less stress.Originally posted by finance_geek:Thanks gazelle.
Another thing,if I become a CPA after 2 years,can I retain that title even if i leave the accounting field for the banking sector?
If possible,then it would be definitely worthwhile to slog it out at the big 4 for a couple of years.
My main concern is that the overwhelming workload at the big 4 might hinder my preparation for my CFA exam.
Hmm ..well its nice that u have inspirations of being a top investment banker. But having being choose to work in one e Big 4 doing accounting work. Do u think its nice of you to broach the subject and telling the HR department and your boss u just intend to get your CPA and go become a investment banker ? well frankly if your boss gets wind of it as you intend to commit else where, do u think the company could be bothered with your social and coporate success in their firm ? -
Firstly,your friend is lying.NUS does NOT offer a degree in accountancy.Only NTU does and recently SMU.
Secondly,why the fuck would i tell my potential boss that i would quit right after getting my CPA.I'm not dumb you know.
Anyway,who cares abt my future boss.I will always act in my own interest,just like you and everyone else does. -
Hmmm....
Next month i going to "opportunities in the commerce world “semina. actually forgot the real name so just make up my own
I go there see what they got to say -
errmmm... finance_geek.... did you get the mail I sent u?
anyway.. you gotta be more clear abt which particular field of I-banking you wanna go into. Basically pple in M&A, trader, private bankers etc are all called investment bankers broadly. In my opinion... it is best u go into I-banking from the start. -
That is provded you can get into I-Banking from the start.Originally posted by newbie80:errmmm... finance_geek.... did you get the mail I sent u?
anyway.. you gotta be more clear abt which particular field of I-banking you wanna go into. Basically pple in M&A, trader, private bankers etc are all called investment bankers broadly. In my opinion... it is best u go into I-banking from the start. -
I didn't receive any e-mail.
Whats is about? -
Like I've said before,although I'm confident of getting 1st class honours,I'm not exactly dean's list material.So getting directly into i-banking w/o any experience is almost impossible.Only 3-4 students every graduating batch get to do that.My dad has said he can speak to people he knows(and he know's some really top people),but I'm having none of that because I've got too much pride.
A B.Acc,3 years of auditing experince + a CFA in 2009 will suffice then.Haha. -
Yeah, Pride is important, but something luck too...Originally posted by finance_geek:Like I've said before,although I'm confident of getting 1st class honours,I'm not exactly dean's list material.So getting directly into i-banking w/o any experience is almost impossible.Only 3-4 students every graduating batch get to do that.My dad has said he can speak to people he knows(and he know's some really top people),but I'm having none of that because I've got too much pride.
A B.Acc,3 years of auditing experince + a CFA in 2009 will suffice then.Haha. -
well..... Finance_geek .. sigh.. actually I sent u a PM regarding to ur qn in Morgan Stanley thread. But nvmind... let me retype a little.
Quite a lot of pple go into I-Banking every year, its just a matter of which position you get into. My advice to you is to apply during the Sep-Dec period when I-banks will start knocking on NTU for recruitment talks. By the time interviews are over, it will be Jan, which is abt the start of recruitments by the Big 4. Hence you dun really need to "choose" get it? You can try for I-Banks and Big 4 at the same time.
Now as to which position to apply to.... thats the difficult part. As much as possible, attend EVERY recruitment talk by the I-banks and take note which positions they are recruiting. Generally though, Operations will be the biggest hirer. Dun blindly apply for Corporate Finance when that particular I-bank stated in their talks they dun intend to hire for it. My advice? Dun apply for Operations.... although its the easiest to get into... they are generally not called "I-bankers" and in terms of prospects not as good as front desks.
Now... abt going out to Big 4 to work first. It is possible to go into I-Banking from Big 4.. but generally.. its a bit hard to go into front office. Because you would have accounting experience already, the I-Banks sometimes would prefer to throw you into wat we call middle office positions, like Product Control and Financial Control, which typically requires pple well versed in accounting. But of course, it is possible to go from Big 4 -> Product Control -> Trader... but.. need quite a bit of relationships and luck.
Another thot.. certain positions like Merger & Acqusition, Corporate Finance etc... is of little relations to auditing, hence even if you were to apply after a few years of experience in Big 4, you might not really gain much advantage, and generally I-Banks like to recruit pple fresh from Unis for such roles and train them from the start..
My final bit of advice... apply during the Sep-Dec period... most singaporeans have the misconception it is "kiasu" but what they are unaware of is that I-Banks only recruit once yearly(unless they have insufficient applicants) and once the recruitment season passes.. you gotta wait another 1 year. -
Thanks mate!
Maybe I should buy you coffee one of these days where you can dispense even more advise.
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In addition.. errmm.. dun think that just coz the chances are ultra low hence u dun apply ah? It doesnt cost anything to apply anyway. Just need to get some new shirt, buy a new tie etc etc and u stand a shot in getting that job just like everyone else. Besides, you also gain valuable interview experience(I-Banks interviews are very very interesting, especially for fresh grads)
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Currently in the midst of investing in a new wardrobe and it's costing me a bomb, but money well spent I feel.
Image is very important.
Btw you know any reasonably good technical trend spotting software?I need one for my reserach project.
Not too ex preferabley.A simple one would suffice to track SGX.