Application for full time banking and finance programs in Singapore in 2013 is now open and many wonder how much salary they can get from these jobs as fresh graduates. Below numbers are from $1Million Personal Financial Diary blog kept by a fresh graduate in Singapore. They are based on blogger's information collected from recruitment events and his schoolmates.
According to the blogger the application process is quite tedious:
According to the blogger the application process is quite tedious:
"An online application form will take me approximately 30 mins to an hour as there is usually a section where I have to answer questions such as "Why did you apply to our organization" or "How is our bank different from others?" The most tedious one was the MAS application where I have to answer 8 questions. I can still remember the last question was something like "How will you spend/invest a million dollars?" Also, some applications require a pattern test or numerical reasoning test where I have to do some math questions in a short period of time."
Source : Fresh Graduates Starting Pay
| Job | Starting Salary for fresh graduates |
| Auditor at Big Four accounting firms | $2,700 - $2900 |
| Corporate finance at Big Four accounting firms | $3000 - $3500 |
| Operations at Credit Suisse, Goldman Sachs, Bank Of America, etc | $3,750 |
| Personal Financial Consultant at Standard Chartered Bank | $3000 |
| Singapore Management Trainee Program at Standard Chartered Bank | $3,800 |
| Personal Banker at UOB | $2,700 - $3000 |
| Operations at UOB/DBS/OCBC | $3000 - $3500 |
| Management Associate Program at HSBC/UOB/DBS/OCBC | $4000 - $4500 |
| Sales and Trading at Goldman Sachs | >$8000 |
| General Education Officer aka Teacher | $3,200 |
| Graduate Officer at Monetary Authority of Singapore | $4,000 - $4500 |
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