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 Working in Singapore V15

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LightningFist
post Mar 17 2014, 08:18 PM

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QUOTE(mules @ Mar 17 2014, 07:46 PM)
I was also thinking of getting into banking sales, in fact i have attended an interview here and failed miserably due to my insignificant resume.  If i am in KL, i think i can get into any major banks without any problem based on my experience but it is a different ball game in Singapore.
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If your CV sucks you won't be getting an interview for a competitive job (i.e. 50-100 apply, they only need to interview 5-10, and want to hire 1-2).

Otherwise the employer is trolling. I'm serious, sometimes they do this to scope out candidates they don't intend to hire.
LightningFist
post Mar 18 2014, 10:49 PM

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QUOTE(tailtwist @ Mar 18 2014, 09:57 PM)
Normally when renting a room...the rental will include utilities bills like water/electricity/etc unless specified. I negotiated for internet access to be in included in the monthly room rental last time on top of those mentioned
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actually who is providing the internet... owner already has Wifi?
LightningFist
post Mar 19 2014, 10:32 AM

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QUOTE(studyboy @ Mar 19 2014, 03:30 AM)
I thought I could live with an air cooler or tower fan instead but now I don't think that is possible.  laugh.gif
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I live in PJ and I use air cond only at night when I'm awake - cos we have ceiling fans

But then I went to SG for a couple days, felt so much hotter. Or maybe it's around the same and in SG ppl walk more.
LightningFist
post Mar 19 2014, 03:53 PM

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QUOTE(studyboy @ Mar 19 2014, 03:36 PM)
I only use it at night too. SG is not that hot actually. At times, it can be extremely breezy.  smile.gif
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around early Feb in Malaysia a lot of places were actually breezy at night

daytime was hot as shit but at night it got better - quite rare

i was told SG was like that too until mid Fed which was when i went
LightningFist
post Mar 20 2014, 08:40 PM

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QUOTE(Tigerr @ Mar 20 2014, 05:28 PM)
Of course Singapore is hotter than PJ because nearer to the garisan khatulistiwa.
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ocean breeze?
LightningFist
post Mar 21 2014, 02:24 PM

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Hi guys, I want to ask you lucky Singapore based people something, since I am going to be a fresh grad soon.

Are there a lot of graduate programs for students (specific rounds each year) or is it mainly just direct hire whenever?

Thanks
LightningFist
post Mar 21 2014, 09:05 PM

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QUOTE(razo2 @ Mar 21 2014, 02:44 PM)
Usually direct hire is easier. Grad program I am not sure.

I can tell you straight up it is better you try working first at MY. Build some experience first.

If you die also want to come to SG, then you have to apply locally. Higher chances.
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thanks for your reply

yeah i noticed there are a few MT type things like Malaysia but not a lot

in this economy just cannot afford to miss any opportunity, however unlikely

have a couple interviews set up from outside Singapore that hopefully i don't screw up
LightningFist
post Mar 22 2014, 01:04 PM

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QUOTE(alaskanbunny @ Mar 21 2014, 10:58 PM)
yea... good  rclxm9.gif
pj girls are hotter  brows.gif
not father?  icon_idea.gif
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hmm.gif

QUOTE(studyboy @ Mar 22 2014, 12:05 AM)
Graduate schemes are relatively uncommon in Singapore so your best bet of securing a job is through a direct hire.
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Yeah, Singapore is so packed with different companies, many of them might operate like they do in Malaysia - small staff count and not a lot of HR or admin, and so a grad scheme is too much unnecessary hassle.

But in certain industries even if they are only hiring one or two grads the whole year, it is done through a grad scheme. For big multinationals it can also be done via overseas hiring. It's really easy to miss... and with these things you never know.

Normal direct hires (in similar or related industries) would only pop up if there is a real and very urgent business need. Otherwise it's so competitive there's no need to advertise, they can fill it at the snap of the fingers.
LightningFist
post Mar 23 2014, 11:14 AM

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QUOTE(razo2 @ Mar 23 2014, 10:55 AM)
Good luck. Just be confident. They dont really expect much from a fresh graduate.

But try to score in your interview. It is crucial you get as much as they expect such as company background, current project (if possible, even if you missed out they know you are interested in working for the company), good communication skills in both written and verbal, the ability to learn fast (very crucial) and working as a team.
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thanks mate

a little more confidence now since i have gotten a handful of interviews, attended a couple so far and even passed one, and got a few phone calls

right now i'm about to interview with 2 companies that are in the top 6 of their industry... hope it goes well
LightningFist
post Mar 23 2014, 12:15 PM

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QUOTE(Mackiddo @ Mar 23 2014, 12:08 PM)
Oil and Gas ? smile.gif
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nope smile.gif

it's a services industry
LightningFist
post Mar 23 2014, 07:58 PM

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Guys, does a Malaysian Jobstreet account work for SG applications? I'm asking because it allows me to apply, but I can never check status unlike Malaysian ones, so it looks like they didn't even read it.
LightningFist
post Mar 24 2014, 12:23 AM

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QUOTE(seantang @ Mar 23 2014, 10:02 PM)
The SG based ones at the bottom of the post.

http://letznetwork.blogspot.sg/2011/07/lea...ndian-ceos.html

From a CNA interview, the Asia CEO of Standard Chartered is apparently a Punjabi man.

With so many in the top position, imagine how many of their countrymen have been installed below them and perpetuating the hiring and promotion practices.
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Asia is Asia mah

some examples (in US)

CEO of Deutsche Bank

prev CEO of Citi

CEO of MasterCard and ex CEO of Citi

a few in consulting, hedge fund, PE, and other banks
LightningFist
post Mar 24 2014, 12:30 AM

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QUOTE(mules @ Mar 23 2014, 11:13 PM)
http://www.jobstreet.com.sg/career-resourc...st-paying-jobs/

This is the reason banking and finance is the hot cake.  Singapore is the asia financial center and if you are here long enough u will soon hear of someone driving big car and high flyer in some fancy nightclubs. Their job? trader or financial advisor!  It is ridiculous hard to get into trading firms.  Your resume has to be proven with green results and backed by strong LinkedIn connections.  One of my friend got in, he did so with connection way up on the top of the firm.

I dont know about you guys, from my short working experience here in singapore, i have come to understand politic and mind games are dominant in sales environment, the higher the tighter.  The amount of actings and moves is amazing.  If you are used to Msia way of management or ways of doing things, you will need to start clean here and mind your steps. 

Also the scandals and sex is mind blowing too tongue.gif  Americans can take a backseat.
Still the rewards is worth it, Earning money here and spending it is so good compared to Msia.  The internet speed here is like heaven. 

(just my bias perception, gl hf)
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I agree that a lot of it is connections and politics based, but if you think LinkedIn connections are what lands you a trading job you must be joking.

Trading is extremely high pressure and high risk for any bank or prop trader and nowadays they only accept the highest quality applicants (back in the day a Business Management major could be a trader, and sometimes you get the fraud incidents we see every other year). This is the same whether in London, Hong Kong, or Singapore.

If your personal connections are good you can get a banking job. Sure. Trading is more meritocratic, out of necessity. If you have connections to top traders and MDs that's another matter, but you should be qualified too. Sales is another matter but usually it's quite similar because of it's closeness to Sales Trading.

If you talk about those 'assistants' that press the buttons to confirm the trade, that's hardly what the industry means when it says trader. The trader makes decisions, takes risk, makes profits and losses.
LightningFist
post Mar 24 2014, 04:34 AM

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QUOTE(keelim @ Mar 24 2014, 02:28 AM)
SG is projected to become ASEAN financial hub. It is one of the leaders in private and wealth banking, second only to Switz. Also, one of the first few to be granted the license to clear Yuan - offshore.

Trading is not a rocket science job. It is perceived to be hard because of low supply which creates an artificial - high demand environment. Due to Basel III & Volcker Rule, trading is now a margin business and a support service in banks.

Regardless how long your working experience is, politics and mind games will be the common factor. And I disagree that it would be any different, because human behaves the same regardless of nationality.
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SG definitely should already be the ASEAN financial hub. But don't hold me to this, I don't know if Indonesia has anything on volume or size. In terms of market sophistication and services SG can't be beaten.

While the Volcker rule is still being implemented, I think it doesn't affect prop trading shops. It'll be hard to avoid because the major market participants (JPM, Citi, BoA) are US banks. But supposedly transactions involving non US/subsidiary counterparties outside the US are exempt - not sure how quickly the Europeans and Asians will be to put up their own regulation.

And trading, while not rocket science (close if you consider the physicists and engineers they still hire), is still risky and high pressure. Definitely so if compared to most other jobs in Finance. Yes, a lot of trading desks are downsizing or shutting down. But for those jobs still out there, it's doesn't become a comfy job overnight. I think it's tight demand that adds to its toughness overall, just like most other jobs in IBD or Markets. There simply isn't that much in terms of options and opportunities especially today. You not only have to avoid screwing up, you have to consistently outperform, or leave.
LightningFist
post Mar 25 2014, 03:08 PM

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QUOTE(Perfect-Stranger @ Mar 25 2014, 02:25 PM)
You will have to compete with those workers from China.
Work overtime, I'm talking about / more than 10 hours per day with only one rest day in a week.
If you can, you are hired ! biggrin.gif 

I'm working in Legal Industry in Singapore.
Always come across cases about workers from China claiming their rights under Employment and Foreign Manpower Act.
I can tell, the only reason why China workers are so much needed here especially F&B and manufacturing industry, is because of their willingness to work without a single rest day given to them.  notworthy.gif
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wait if they are so willing to work without rest then why do you get cases of them complaining?
LightningFist
post Apr 2 2014, 09:26 AM

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QUOTE(studyboy @ Apr 1 2014, 09:21 PM)
The probability is almost zero if you found a job with a legitimate company. That is my take on things at least.
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good 2 know

unfortunately finding a job is pretty hard
LightningFist
post Apr 4 2014, 07:59 PM

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QUOTE(studyboy @ Apr 4 2014, 07:38 PM)
It is very hard!! However, I urge you to persevere!  biggrin.gif
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Thanks man. I had a couple of chances in Aus but was unlucky and didn't make it.

Any tips or tactics? I'll be finishing my degree in about 3 months.
LightningFist
post Apr 5 2014, 03:40 AM

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QUOTE(alaskanbunny @ Apr 4 2014, 11:25 PM)
at least u hv a degree...  notworthy.gif
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doesn't seem to mean much these days, nobody is hiring me yet

although, a little bit (like a Master's) and suddenly you become overqualified

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