During schooling times
I value times after school !
During National Service
I value the time when i book-out !
During work
I value my weekends !
Tuesday, October 26, 2010
Friday, October 22, 2010
Wednesday, October 20, 2010
Logical explanation why the Banking and Finance Industry pay well
I am an ex-engineer working in a bank as some calls it front office treasury role.
As for the question on why engineers are lowly paid compared to bankers, it all boils down how much money can you bring to the firm.
E.g. I used to work as R&D engineer, and I work together wih 10+ R&D engineers to innovate 1 product, and a assembly line with another set of product engineers, technicans and factory workers to produce the finished product. Besides of the huge human resources requirements, there are large capital expenditures e.g. machines, factories. The margin is low with high overheads (engineer pay is one major overhead).
In a bank on financial markets, there is product developement team called the quants, abt 3-4 people with phd in maths, who comes up with new structured products and risk management solutions, a desk of 3 traders who manage the risks, a few sales to push the product. There is a middle/back office settling the trades, etc. For a relative small operations, the pnl can be enormous at roughly 5% of volume, thus can be around USD25mio/yr. Divide the bounty between 5-10 FO staff, and you can see how much bonus they get.
http://forums.salary.sg/education-personal-growth/646-engineering-technology-careers-not-valued-singapore-high-cost-low-tech-4.html
As for the question on why engineers are lowly paid compared to bankers, it all boils down how much money can you bring to the firm.
E.g. I used to work as R&D engineer, and I work together wih 10+ R&D engineers to innovate 1 product, and a assembly line with another set of product engineers, technicans and factory workers to produce the finished product. Besides of the huge human resources requirements, there are large capital expenditures e.g. machines, factories. The margin is low with high overheads (engineer pay is one major overhead).
In a bank on financial markets, there is product developement team called the quants, abt 3-4 people with phd in maths, who comes up with new structured products and risk management solutions, a desk of 3 traders who manage the risks, a few sales to push the product. There is a middle/back office settling the trades, etc. For a relative small operations, the pnl can be enormous at roughly 5% of volume, thus can be around USD25mio/yr. Divide the bounty between 5-10 FO staff, and you can see how much bonus they get.
http://forums.salary.sg/education-personal-growth/646-engineering-technology-careers-not-valued-singapore-high-cost-low-tech-4.html
Sunday, October 10, 2010
What a weekend !!!
- Waited 2hs for dinner on Friday
- Waited 1h for dinner on Saturday
- ate seafood risotto
- ate parma ham pizza Ma Ma Miaa
- Visited Universal Studio Singapore and did not take any photos
- first time experiencing fireworks upclose
- explore a world of candies at Candilcious
- drank an expensive and extremely sweet drink.
- watching a movie about idiots
- first visit to kite shop
- bought my first kite, from a friend
- watching my friend's new bought kite stuck on the tree in ECP.
Subscribe to:
Posts (Atom)