Sorry, I know that is the general assumption of most people but there are 9-5 jobs that will get you rich. But they are niche and generally less heard of than your common jobs.



Regarding the performance in your degree, it is very important on your initial entry to the job world. It gives you access to more jobs but after this stage, your degree is generally isn't that important.

There are two key areas in marketing. The first as it is generally known related to doing sales. The second is in the research and development of more effective marketing strategies and statistics.

Typically for a finance student, you need to know where and how to look for a job. Often most finance or/and Economics students give up because on their line because of the failure to do the above.

There are 3 main variants of Analysts in the business world. 1. Accounts analyst 2. Research Analyst 3. Market Research Analyst. Note : Each of these can be called various different names often they end up having the same title but different job scope. Accounts analyst is typically an accounting type job, keep track of invoices, credit control, fraud detection and other things closely related to accounts. Research Analysts generally are people who research in listed companies and writes reports on them. However there are many other variants, the said one is the most common for Malaysia. They are normally known as either Analysts or Associates and sometimes called Equity Research Analyst to avoid confusion. Market research Analysts are often also called Analyst or Associates but their coverage is often more macro. They are more concerned about statistics and trends of an industry rather than a single company. Their activities are most active in developed/developing nations. They often carry out their research activities both locally and abroad.

Out of the 3 main variants, the 1st is the easiest job to obtain and find. These jobs are frequently advertised in jobstreet and jobsdb. The latter 2 are rarely found in public job postings and there are very few such positions. The job availability ratios are probably around 400 : 3 : 2.

This post has been edited by Lcsx: Jun 24 2007, 02:47 PM

Very untrue. Work smart. Your 9-5 job can get your financially independent, even if you're not rich although there are people who are rich in their 9-5 jobs. Some of these jobs aren't exactly normal eg. my bond trader friend who has an MBA from MIT and loads of money but others are pretty run of the mill eg. my IT analyst friend working at some IT place in Cyberjaya who has a 6-7 figure investment portfolio.

So again, work smart. Don't be dumb.

Wow, this thread I created get quite a hit !!

YA, shre what u are now & what u have heard !!

First of all, can please define financially independent?

Defination of financial independent = Income- expenditure = +ve

That would be financial independant. Nevertheless, My own defination will be = Well fed, wont die of hunger:)

with ur formula most ppl oready Financial independent....
dont simply give this kinda info....

FI is even if u don work /retire, ur expenses is covered sufficiently by ur passive income. for instance : if u hav 1 million now put in FD 4% annual return 40K enuf to cover ur annual expenses for <40K . but bear in mind, there r other factors like economy crisis and inflation involved, so putting money in FD is not the FI way.
in other words, ur passive income must be able to beat inflation n ur future expenses increment, without ur active effort.

my 2cents...

haha yes.... by the way, don't forget financially independent is not including those loan.....

it should be all the thing you stated above plus the house is not loan, the car is not loan....the 40k just for the person's own expensus.

Lets put it in an example...

Mr. A is alone in KL and his Salary is Rm 1500

Calculation based on month

Food ( 300) + Car Loan ( 350)+ Petro (300),room rent(300)+ phone bill ( 100) + Streamyx(100) +Electrical/water bill (150)+ parent allowance ( 200) + Study Loan (200) = Rm 2000


That is not financially independent.

And would this be considered 'independent'?

Monthly Salary : RM8k

Food : RM1200
Car Loan : RM1600
Petrol & Toll : RM600
Bills : RM500
Entertainment : RM500
Folks : RM600
Savings : RM3000

great , u r genius. tht's called financially doomed.

if you have the opportinity to work in a oil and gas industry..especially on their production side..by all means go ahead.im 23 with salary more than double what is stated in the threadstarters post.High risk job.2 weeks rotation offshore and then 2 weeks holiday.basically working for 6months a yr.

u r rite, oil and gas is very lucrative job...easily earn more than 10K a month and after a few yrs can buy house with cash with enuf deposit in bank oso.

Well thats the normal expenses you have to bear if you are alone and there is no parent backing you up.

At the end of the day, I think it's important we spend less than what we earn.. If we're spending tomorrow's income today, there's always gonna be a void somewhere.....

Agreed. Especially those who frequently uses the credit card. It is a form of spending future income as well.

Anyway, I'm 28 but earning less than 5k...

yewkhuay,
I posted something wrong?! Huh?! *blur* I don't get u - what'd u mean? I meant it as a statement - it wasn't meant to have any figures attached to it.

@zorex06,
As long as one spends within his means, I think it's considered 'good' financial management - someone who earns RM10k may be spending RM12k per month - that to me is still not good $ management...

obviously O & G industry provides lucrative salary and everyone from different qualification is aiming to go into that field. I would say that it's BONUS for those fresh grad especially young age who get into O & G industry and you just set the right rhythm. No worries for your future after 5 to 10 years with ur saving.

Getting into O & G industry...u need to face fierce competition to fight for few vacancy offered by one those MNC Corp. Academic result is No 1 required and please face the fact, what's the ratio of those 1st class holder to 3rd class holder get into the field? If you are graduated from 10 years ago, chance is still alright that time and not many peoples graduated compared to now. Read the newspaper today, about 30,000 fresh grad jobless in today and if u're working in your own respective field. Count yourself as a lucky one no matter how much paid you got. If you earn 3.5k per month, you still have the chance to be rich but take longer path to discover your wealth. That's life and you don't have to look down on yourself just bcoz someone at your age earning double figure or what. you should be grateful at least u still can earn money.

Afterall, I'm planning to take up sales job after 6 months working in the office doing design/production. Too bored sitting in the office...kakakaka

Haih, O&G do give lucrative salary but for young n fresh grads, it's kind of hard to penetrate the industry, im talking bout BIG mnc, not small fries, among all my best seniors, only 1 manage to get into SHELL, im not saying the others results r bad, they scored >3.5 but still unable to work for SHELL, BP, ExxonMobil, normally those companies required experience than academic, haih, i guess it's still a long way to earn big bucks

I think u people are a little TOO focused on wanting to earn the big bucks. Shouldn't the focus be to learn and be exposed... esp now that u are at the beginning of your careers being young and dynamic individuals?! *scratch head*