What Job is this ?
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alng:
Ever know that there was a Ntu fresh grad who got an investment job with a top bank in US couple of years back. And paid S$10k per mth. With exchange rate and housing allowance, S$10k is quite possible.
Know of a friend who went on to do his PhD in Chemistry and finally secured job with a big pharma company, no prior working experience. Think he was paid abt 4000 odd sterling pounds and this was in the mid 1990s :shock: ... Quite a lot of money at that time and even current times after you convert back to SGD. -
If we are talking about exceptional people, they exist in every era.
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We are talking about rare talents. There are only five out of so many graduates at ntu and their huge salaries do not affect the average salary of fresh grads.
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Yeah the lesser mortals like us.. make up the masses unfortunately :oops:
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ZacK:
Yeah the lesser mortals like us.. make up the masses unfortunately :oops:
the $20k salary is an exception rather than the rule and that is only 1 case out of a few thousand graduates -
verykiasu2010:
Agreed. I would presume that the $20k is the basic monthly pay since we're talking about a fresh graduate who just started working and wouldn't have qualified for any bonus yet. At $20k a month, the person would typically hold at least a VP or Director title, and heading a team or desk with a good network in the industry. I doubt any freash graduate could qualify for such a position in investment banking. Even MBAs from top business schools don't get such opportunity, unless they have relevant experience prior to that.
those jobs won't have starting pay of $20k per month lah ....$0.25 million a year is not possible for untested candidate.....a couple of years later is possibleEdureach:
It's between coporate investment banking, private banking or trading.
Among the above, investment banking seems the least likely as any experience he has acquired is mainly thru internship. As for private banking, he needs to show evidence of his ability to secure high nett worth customers and sound knowledge of financial markets. In essence, his net working,superior salesmanship and marketing skills coupled with his track record in trading of equities and derivatives. The last one, trading, he needs to hve a proven track record in trading of various financial instruments ie equities, commodities, futures, forex etc. All in all, he surely posses an indept knowledge of how financial market works and his ability to position his employer to take advantage of the market votality to generate huge profits. His employer must surely be convinced of his potential inorder to be placed on the front line. This type of opportunities are rarely given to local grads without proven track record not to mention a fresh grad.
So is likely btw private banking or trading.
Trading is highly unlikely - fresh graduates can have trading experience and some track records, but it's not likely for them to have traded with large amounts that banks' trading desks typically trade in. It'll be highly unusual for a bank to take a risk with a fresh graduate and pay them $20K a month to do so.
Private banking is a possibility, if the candidate comes from a family with good network amongst ultra high networth customers. Most private banks only pay such salaries if you can bring in AUM of at least several tens of millions. Not many fresh graduates who have not worked in private banking elsewhere can do so. Children from some families may.
Private equity may be a possibility, but unlikely. Unless the person already have a deal that he's able to bring to the table immediately upon starting work, not many private equity firm is prepared to pay such high fixed salary.
An RM doing sales can take home $20k a month, including commission in an exceptionally good month. So maybe the $20k is for a sales job with commission, rather than a basic monthly salary. -
So all is revealed. The New Paper today wrote up on two of the top earners from NTU’s 2011 grads who are earning approx $12K.
Both were working while studying at NTU; both had their own businesses. One runs Science Hub, the other has an online store. -
jtoh:
Didn't read TNP, but I thought the $12k from running his own business was mentioned in the earlier report? Running one's own business is different from working for a salary. There's this girl who run a blogshop (I think it's called ohsofickle) and making that amount or more when she was in secondary school.So all is revealed. The New Paper today wrote up on two of the top earners from NTU's 2011 grads who are earning approx $12K.
Both were working while studying at NTU; both had their own businesses. One runs Science Hub, the other has an online store.
Still wondering about the $20k a month working in the financial industry. -
jtoh:
Didn't read TNP, but I thought the $12k from running his own business was mentioned in the earlier report? Running one's own business is different from working for a salary. There's this girl who run a blogshop (I think it's called ohsofickle) and making that amount or more when she was in secondary school.So all is revealed. The New Paper today wrote up on two of the top earners from NTU's 2011 grads who are earning approx $12K.
Both were working while studying at NTU; both had their own businesses. One runs Science Hub, the other has an online store.
Still wondering about the $20k a month working in the financial industry. -
No news on the $20K a month one. I suspect he’s a mature student with prior working experience.
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