posted August 22, 2013 05:14 PM            

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Passion, Lust, Desire. Check out my journal

posted August 22, 2013 07:54 PM            

If I know the mentality, there will be students who were turned down from the programme who then resend resume's and QD's to take his place.

posted August 22, 2013 10:07 PM            

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Originally posted by somethingexcellent:
Why did you choose to be a banker anyhow, YTA?

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Cos I didn't want to be anything at all and had no idea what I was going to do with my life, and my father was a banker, so it was a natural progression. I hated studying and hated work. Still do. The life's not bad if you can overlook the annoyances. I did work close to 90 hours a week right after college. Back in the 80s, 180 grand in the first year after college participating in deals had its allure. Debt? What debt? I paid for graduate school fully in one year of work. My college apartment mate bought a Maserati. I was 24 years old and I bought a condo delivering full payment in cash (no mortgage).

I wanted to be a mechanic working on race cars or fighter jets. My parents didn't allow that. I certainly wasn't going to become the physician my father wanted me to be. School suxed. Still does.

posted August 22, 2013 10:32 PM            

I see this from my own odd way, to me, it was what he wanted to do in life, how many people die never really going for it or even putting their full effort into doing what they want to do in life?

Other half of me thinks he died trying to make a nickel off of a dollar for someone else.

posted August 22, 2013 10:35 PM            

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Originally posted by YoursTrulyAlways:
Back in the 80s, 180 grand .

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posted August 23, 2013 05:29 AM            

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Originally posted by FruitTreeFresh:
You've said. In the 80s. Nowadays no firms pay that much.

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My first year analysts get about a 60 base and a 60 to 80 bonus. If they are good.

The first year associates start about 120 base plus 120 bonus. Again if they are good.

The top performers get paid a lot more than the 80s, whereas the average pay is about the same and the bottom performers get paid a lot less. Back in the 80s, everybody got paid handsomely for being useless.

Also, it's not unheard of for a first year derivatives trader to gross 1 million or more. They are a different breed.

Gone are the senseless expense accounts, the limos, the flying business class, the expensive hotels, the fine suits paid by the company, etc.

posted August 23, 2013 01:32 PM            

Like you by the time i had to change countries and so uni's...i couldn't do what i liked so had no idea, and went "fine if i cant' do what i like, as it's not an option, i'll do what makes me money"

too bad there is no 'how to handle politicians at the work place who take all the credit for your and other people's work' classes. i'll tell u some stories at some time.

I'm a lot less angry since then to, i must say.

What do you think of new graduates though entering the 'banking business' and their attitudes most of the time?

posted August 23, 2013 03:02 PM            

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Originally posted by NoRainNoRainbows:
What do you think of new graduates though entering the 'banking business' and their attitudes most of the time?

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Too idealistic. Most just want "to get rich," and have no other purpose in entering the "banking business." Some have no issue with cutting the fine line between what is aggressive and what borders on questionable. I am always cognizant of what is right and what is wrong, and the one thing I refuse to do is to thread anywhere close to what is wrong.

What they don't understand is that there is way too much bloodbath and only the aggressive and lucky survive. The annual drop out/burn out rate is about 30%. The backstabbing is mind bloggling.

posted August 23, 2013 04:05 PM            

But yeah i 100% agree with you. you think they are idealistic though? I thought the ego's are formidable.
Just met one the other day, who got into a program like this kid who passed away, by acting like the 'i'm so poor i need the job' and made this goody two shoes guy write her final essay to get her into this program as he felt sorry for her. Funny thing is this guy was her only competition, and he wasted so much time doing her work, he never handed his last 'hurdle' to getting the job.

so many people like those you describe. yip am much happier struggling to see what to do next, though the world struggling is a lie, than having to put up with all that...so i respect you much for still being at it. Also you are from the 'era' were people really earned their degrees, so that is also telling.
And yes i saw a lot of that corruption you are talking about going on, and wanted to shout a few times at some people how they aren't smart as they are claiming or making others thing...all they are, is corrupt on the inside out to do these things...but for some reason it is so important to some people to be seen as 'clever'. They do'nt want you to silently think it, they want you to say it to them, as a sort of reassurance i don't know...or compensation because they do get scared of people who see through them.

These stories though just made me realize, before i get any children, i want to work and save enough and a lot of money, so that by the time they are old enough (hoping i did a good job with their ethics)...they can really chose there work without really having to worry about money. I know idealistic and hard work, but this poor guys mum and dad is all i'm thinking. specially the environment where he worked, ugh.

posted August 23, 2013 08:02 PM            

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Originally posted by NoRainNoRainbows:

BTW noticed were you were also born, what do you think about this 'influx' of people into Singapore the past few years trying to 'hide' there money, even before the FB guy moved there? what is your take on the banking system there, at the moment, given how much influence surrounding countries have been having on it?

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Where do I even begin....

posted August 24, 2013 06:50 AM            

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Originally posted by YoursTrulyAlways:
Where do I even begin....

Fools rush in where angels fear to thread....

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very well said, this is my opinion to, i have been there and love it, but this movement of certain types there, because of what they think versus reality, is worrisome.

posted August 24, 2013 07:33 AM            

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Originally posted by NoRainNoRainbows:

I think it was very telling when that Chinese table tennis star, forgot her name, gave back the Singaporean passport she was given, to take back the Chinese one....

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posted August 24, 2013 08:40 AM            

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Originally posted by YoursTrulyAlways:
My telling moment was when I was at the American consulate, and even when I was curbside minding my own business, a cop had to give me grief about where I stood in relation to the rest of the herd. Oooppss.... here's the passport and its blue and not red (SG) mofo. Now if you would just move you azz aside and let me through the gate for Americans... sir. I told them to cancel their passport as well.

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LOL what is this cop?! well i think the strict issue there is good, because i have no doubt that it is the cleanest place on Earth, but on the other hand there is a lot of madness to. Specially with the 'law and order' people there.

Also agree dont know if all those guys going there know that Singapore doesn't allow more than on citizenship

(wonder how that played up for Eduardo Saverin, bcoz Brazil on the other hand never allows its citizens to 'lose' their citizenship...that is they don't give a damn if it was given up, it is still there)

Anyway so many people in the finance business this side of Earth, really want to go work there of late, and i just see that as a sign of either how clueless they are, or how powerful the words 'rich people from all over the worl are going there' are on some other people's conscious.