University courses
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Vevey\" post_id=\"2134713\" time=\"1717587670\" user_id=\"1350:
A lot of my daughter's Econs mates are in the financial sector too. She's one of the exceptions.
Most of my NUS BBA mates who majored in Finance are working in banks. Choose the major end of year 2. -
Because the banks are where the money is?
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zac's mum\" post_id=\"2134716\" time=\"1717588768\" user_id=\"53606:[quote=\"zac's mum\" post_id=2134716 time=1717588768 user_id=53606]
Catch 22 situation where they cannot bear to change industry or retire earlier too. Just waiting for retrenchment.
Because the banks are where the money is?[/quote]
Long hours though. Some are still working at this hour. -
zac's mum\" post_id=\"2134716\" time=\"1717588768\" user_id=\"53606:[quote=\"zac's mum\" post_id=2134716 time=1717588768 user_id=53606]
Money is a strong attraction, I'm sure. And not just banking - investments, fund management, actuarial science, etc. Lots of graduates with other disciplines gravitate there too - e.g. physics, engineering and maths grads end up in finance as their math ability is useful.
Because the banks are where the money is?[/quote]
But back to the \"spark joy\" issue - not everyone wants to be in the financial world even if they can. -
slmkhoo\" post_id=\"2134721\" time=\"1717589663\" user_id=\"28674:
Me!
Money is a strong attraction, I'm sure. And not just banking - investments, fund management, actuarial science, etc. Lots of graduates with other disciplines gravitate there too - e.g. physics, engineering and maths grads end up in finance as their math ability is useful.
But back to the \"spark joy\" issue - not everyone wants to be in the financial world even if they can.
I pivoted to another major after vacation jobs at 2 foreign banks. -
Was told companies outsource accounts dept overseas. Hence accountancy is not sought after now. Accounting may be slowly replaced by AI but accountancy goes beyond accounting. Wld still need human to manage and audit correct?
What type of profile would people in finance be like? Stronger in which areas? Shrewd w money, strong money sense and seek growth in money? Strong in economics? How to tell from daily traits? -
00skyblue00\" post_id=\"2134724\" time=\"1717591555\" user_id=\"143605:
People who have detailed Excel sheet to track their personal finances, and stare at it regularly, thinking of where to invest & grow their money so that they can achieve their next target/retire early.
Was told companies outsource accounts dept overseas. Hence accountancy is not sought after now. Accounting may be slowly replaced by AI but accountancy goes beyond accounting. Wld still need human to manage and audit correct?
What type of profile would people in finance be like? Stronger in which areas? Shrewd w money, strong money sense and seek growth in money? Strong in economics? How to tell from daily traits?
I believe some very young people already like that :siam: -
00skyblue00\" post_id=\"2134724\" time=\"1717591555\" user_id=\"143605:
Moves to improve the accountancy sector and groom accountants:
Was told companies outsource accounts dept overseas. Hence accountancy is not sought after now. Accounting may be slowly replaced by AI but accountancy goes beyond accounting. Wld still need human to manage and audit correct?
What type of profile would people in finance be like? Stronger in which areas? Shrewd w money, strong money sense and seek growth in money? Strong in economics? How to tell from daily traits?
https://www.mof.gov.sg/news-publications/press-releases/shaping-singapore-s-accountancy-workforce-for-tomorrow
\"Finance\" is a huge area, and involves a lot more different types of jobs than just those that \"touch\" the money. The ones who are in the more technical fields would need to be highly numerate or with IT skills. Then there are the marketing and sales types who go out and get clients, and encourage them to invest/deposit etc. There are those who look to the future and try to see trends. There are the backroom ones who deal with the accounting, audit, record-keeping, cybersecurity, anti-money-laundering, and every institution needs HR, PR etc. Of course, not every job gets the same amount of limelight and pay.
Takes all kinds. -
I once chanced upon nus/smu/ntu students mentioning they would want to go into “High Finance” in Reddit. What is high finance? It it the same as Investment Banking?
Am I right to say if earning money is top top priority, 2nd major should pick finance rather than Data Science Analytics? -
lee_yl\" post_id=\"2134728\" time=\"1717594261\" user_id=\"17023:
Possibly “quants”. The next big thing that the young ppl are boasting about which pays jaw-dropping salaries:
I once chanced upon nus/smu/ntu students mentioning they would want to go into “High Finance” in Reddit. What is high finance? It it the same as Investment Banking?
Am I right to say if earning money is top top priority, 2nd major should pick finance rather than Data Science Analytics?
https://www.investopedia.com/articles/financialcareers/08/quants-quantitative-analyst.asp
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