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Any graduate analyst moving to Singapore next year?

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meron
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Any graduate analyst moving to Singapore next year?

Postby meron » Wed, 03 Nov 2010 11:29 pm

Hi fellow expats,

I will be graduating from a US university next year and moving to Singapore for a graduate analyst position in the finance industry. (think of a foreign investment bank, singapore office) I was wondering whether there is anyone else who is in the similar situation as I am. I'd want to share some information about relocation, housing, and living in singapore so please PM me or leave a reply to this post and I will appreciate it a lot.

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Postby sundaymorningstaple » Wed, 03 Nov 2010 11:38 pm

You reckon you'll just waltz on over here without experience and secure a job at a local investment bank?

I'll give you this much, you are definitely an optimist. You better start [-o< now. :-|

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Postby meron » Thu, 04 Nov 2010 12:18 am

Hey sundaymorningstaple, I don't know what to make out of your post since your assumption is not right. I have already accepted an offer and looking for some people in the same boat. I'm not trying to sneak into such position through a connection I get in this forum.

More specifically, I'm looking for a roommate so that we can share the housing cost near the financial district and occsionally hang out together, etc. I'm not resticting it to only those working in finance, but someone who can respect my work hours and life style is pretty much welcome (oh and I'll respect yours, too)

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Postby sundaymorningstaple » Thu, 04 Nov 2010 6:52 am

Has your employment pass been approved by the MOM?

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not yet

Postby meron » Thu, 04 Nov 2010 7:27 am

But the company's going to sponsor it and I had no problem with it last time.
Last edited by meron on Thu, 04 Nov 2010 10:25 am, edited 1 time in total.

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Postby sundaymorningstaple » Thu, 04 Nov 2010 9:26 am

The company has no choice but to sponsor it. Without the company sponsoring it, you don't get one. All employment passes must be sponsored by the employer. (the only exception being the PEP). What type of pass was the last one and when was is granted? Was it an employment pass or a student pass?

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Postby meron » Thu, 04 Nov 2010 10:23 am

Um I can answer that question, but I am not sure how that is related to my original question. I'm confused - like, is there any specific thing that you want to know about my employment status?

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Postby sundaymorningstaple » Thu, 04 Nov 2010 10:35 am

Due to the current climate regarding EP's and PR's, we have seen numerous cases of people (with good degrees but no experience) being rejected, even with good MNC employers since Sept of 2009. As all of our intel comes from anecdotal evidence (MOM & ICA hold their cards close to their collective chests), we are always trying to see which way the wind is blowing. It's only that way that we can try to advise or inform our posters here. It's a collective effort by all on this board. (Where did you think all the info here comes from?) You are claiming to be a fresh graduate and already have an approved job here without any experience (assuming you are a fresh grad - you didn't indicate if you were taking an advanced degree). We can only go by the written word so if it isn't clear, then we ask for more information, as, if we are confused by your statements, others will be as well. :-|

As far as your original question is concerned, there are numerous threads addressing all your queries already here (and current). The search function located directly under the Profile link at the upper right side of the this page is your friend.

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Postby manutdfan » Thu, 04 Nov 2010 10:51 am

sundaymorningstaple wrote:Due to the current climate regarding EP's and PR's, we have seen numerous cases of people (with good degrees but no experience) being rejected, even with good MNC employers since Sept of 2009. As all of our intel comes from anecdotal evidence (MOM & ICA hold their cards close to their collective chests), we are always trying to see which way the wind is blowing. It's only that way that we can try to advise or inform our posters here. It's a collective effort by all on this board. (Where did you think all the info here comes from?) You are claiming to be a fresh graduate and already have an approved job here without any experience (assuming you are a fresh grad - you didn't indicate if you were taking an advanced degree). We can only go by the written word so if it isn't clear, then we ask for more information, as, if we are confused by your statements, others will be as well. :-|

As far as your original question is concerned, there are numerous threads addressing all your queries already here (and current). The search function located directly under the Profile link at the upper right side of the this page is your friend.


I don't know how it works in terms of the EP and stuff - but I do seem to recall reading on one of the London Magic Circle law firms graduate recruitment sites that it was not uncommon to send their graduate trainees abroad for a year or two - and at least one talked about her time in Singapore.

It's possible the OP may be in a similar situation...

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Postby meron » Thu, 04 Nov 2010 11:38 am

I'm not fully aware of the entire process, so I can only say this much that I'm a soon-to-be graduate with no advanced degrees, and I had no prior work experiences, maybe except for a few summer jobs that I had while in college. I hope this info helped other expats here, and if someone has further questions I'd be more comfortable to answer them via PMs.

And no, I haven't posted this thread without having done some basic search. Threads posted prior to 2009 are not much useful to me because I'm basically looking for someone who is as clueless and ignorant as I am so that we can pull it off together as roommates next year.



.... ok hopefully not "that" much clueless after all, but you got what i mean.

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Postby JakeF » Sat, 06 Nov 2010 2:46 pm

Meron, check your PMs. Im in the same boat coming from the UK.

SMS, i understand you to be one of the most knowledgable people on the forum surrounding the MoM etc, but Id find it highly unlikely any one of the bulge bracket investment banks like the one I am joining in Feb and i imagine like the one Meron will be too, would have EP applications rejected. I know for myself anyway, that I comfortably surpass the S$7000 pm wage that I think the EP requires.

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Postby sundaymorningstaple » Sat, 06 Nov 2010 3:22 pm

Just to keep from busting your bubble as well, I hope you're both right. :-|

There have been P1 pass holders on this board who have had their passes not renewed in addition to those who were rejected outright. That's an even bigger bummer. But things have changed here. Nobody really knows how they are thinking at the moment, especially in the run up to the election and the current feelings on the ground.

While there was news several months ago regarding the banks hiring again, it's been mostly freshers from local uni's that are getting in, especially when there is little or no experience to be gained by bringing in a fresher from afar. In your case, you have not indicated how much experience you have, but I get the impression that you are definitely not a fresh grad. But, as I said, I hope your are both right. If you two ARE successful, be sure to let us know, as anecdotal evidence is all we have to go by.

sms

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Postby JakeF » Sat, 06 Nov 2010 3:50 pm

sundaymorningstaple wrote:Just to keep from busting your bubble as well, I hope you're both right. :-|

There have been P1 pass holders on this board who have had their passes not renewed in addition to those who were rejected outright. That's an even bigger bummer. But things have changed here. Nobody really knows how they are thinking at the moment, especially in the run up to the election and the current feelings on the ground.

While there was news several months ago regarding the banks hiring again, it's been mostly freshers from local uni's that are getting in, especially when there is little or no experience to be gained by bringing in a fresher from afar. In your case, you have not indicated how much experience you have, but I get the impression that you are definitely not a fresh grad. But, as I said, I hope your are both right. If you two ARE successful, be sure to let us know, as anecdotal evidence is all we have to go by.

sms


Incidentally, i am a fresh grad so to speak. I only graduated last summer, but i spent the summer in the London office of my bank, then internally transfered. My bank has hired PwC to do my EP application, and not once have they mentioned problems with the visa process, plus ive already been paid my sign on and relocation amount etc.

I am in the FO (front office -markets) of the bank, not in the operations/IT side of things. That kind of role is normally filled by local 'freshers' from the local unis. The FO intake from previous years on the grad programme normally has quite a high percentage of non-Singaporean people, generally educated at Ivy League or top 5 uni in the UK or US whether they be Chinese, Thai, Indian, or English in my case.

However, should I encounter any issues or problems, i shall be sure to you let you know.


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