What Job is this ?

[verykiasu2010]

Edureach:

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.

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 possible

[ZacK]

Similar article below... http://www.edvantage.com.sg/edvantage/news/news/704036/NTU_grads_drawing_five_figure_salaries.html

====================
NTU graduates drawing five-figure starting salaries
Edvantage | Tue Jul 26 2011
Survey by university showed one business graduate this year earning a $20,000 monthly salary.
SINGAPORE - Fresh out of Nanyang Technological University (NTU), some graduates are already earning five-figure salaries, reported the Straits Times.

One accounting graduate, Mr Clarence Lew, 23, who will receive his honours degree scroll this Saturday, declined to reveal his exact salary, but said it is close to $10,000.

He was offered a job at a top-tier investment bank as a sales analyst and started work five weeks ago. He told the Straits Times he had applied to more than 10 different banks, but his current employer was the first to make him an offer.

Mr Lew is among a handful of NTU graduates this year earning stratospheric salaries.

According to a preliminary survey done by NTU on this year's graduating class, the highest earner is a business graduate earning $20,000 a month in the financial industry.

Another graduate will be paid $10,000 as a software engineer. Both declined to be named.

Others like Mr Lester Lin, 25, have taken the route of setting up their own business.

Mr Lin earns more than $12,000 as co-owner and director of two tuition-and-enrichment businesses.

The reason behind the high salaries this year could be because the economy is doing well now, say human resource specialists, as companies dangle attractive pay packages to secure the brightest and most talented.

But Mr Josh Goh, assistant director of corporate services at recruitment firm The GMP Group, believes fewer than 10 fresh graduates secure five-figure salaries every year.

High salaries or not, NTU's survey also revealed that two-thirds of graduates this year have already landed jobs.

The university's convocation ceremonies began yesterday and will continue until Saturday. The 9,066 students make up the largest graduating class in NTU's history.

At yesterday's ceremony, Defence Minister Ng Eng Hen and his wife were present to watch their daughter Jill, 23, graduate with a Bachelor of Fine Arts in Visual Communication.

President S R Nathan and Education Minister Heng Swee Keat also attended the ceremony to witness the inauguration of Professor Bertil Andersson as the university's third president.

[Edureach]

verykiasu2010:

Edureach:

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.

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 possible

Understand your position. However, this is a rare situation and it does occur rarely. This exceptional candiate probably has been trading the financial markets, locally and overseas and has demostrated his agility, his ability to move in and out of his trading positions quickly and profitably too.

On this occassion, he is a very good trader. Our swfs, take note!

[ZacK]

One other possibility is in Insurance… The profile of your typical insurance agent is changing due to market expectations on having better qualified financial advisers to advise clients on financial matters. Some grads join an insurance company during their undergrad days, so that by the time they graduate from Uni they are no longer rookies … In fact for such undergrads who do well, they may even be promoted to manage a team of financial advisers by the time they graduate… The 20K per month they earn in such a scenario is not uncommon.

[Edureach]

ZacK:

One other possibility is in Insurance... The profile of your typical insurance agent is changing due to market expectations on having better qualified financial advisers to advise clients on financial matters. Some grads join an insurance company during their undergrad days, so that by the time they graduate from Uni they are no longer rookies ... In fact if undergrads who do well, they may even be promoted to manage a team of financial advisers by the time they graduate... The 20K per month they earn in such a scenario is not uncommon.

Definately not insurance as he gets a fixed income of 20k.

[ZacK]

Edureach:

ZacK:

One other possibility is in Insurance... The profile of your typical insurance agent is changing due to market expectations on having better qualified financial advisers to advise clients on financial matters. Some grads join an insurance company during their undergrad days, so that by the time they graduate from Uni they are no longer rookies ... In fact if undergrads who do well, they may even be promoted to manage a team of financial advisers by the time they graduate... The 20K per month they earn in such a scenario is not uncommon.

Definately not insurance as he gets a fixed income of 20k.

I did not read that it was being mentioned in the article on drawing a fixed income lei :scratchhead:

[verykiasu2010]

I think I am in the wrong line. How to enroll in NTU ?

[ZacK]

Haha not too late to go for further studies mah... juz that not so easy with work, family etc etc etc... :oops:

[Edureach]

verykiasu2010:

I think I am in the wrong line. How to enroll in NTU ?

Haha! You are already a successful high powered executive! Anw, trading and investment skills can be acquired.
l

[jtoh]

It could be these grads are mature students who already had some work experience. Also, they could be taking their annual package (inclusive of bonuses etc) and dividing that by 12 to give their "monthly" salaries.