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acgerlok7 Male
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  #1 Old 16-12-2010 Default Highest paying job

I would just lyk to create this topic for discussion since evryone's whu's stil studying now definitely would like know how much they wud approximately earning too in the future...salary does plays a big part in determining one's ambition or career...so ...any seniors wrking or wud lyk contribute to this topic discussion...feel free to leave comments. =)
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  #2 Old 16-12-2010 Default Re: Highest paid job

Salaried jobs or fluctuant incomes?

The biggest no-brainer answer would be CEO/CFO of big companies who can earn 7-digit figures or more. Partners/consultants in professional firms (think law, engineering, accountancy, etc) can earn either anywhere from RM5k to RM50k per month. Surgeons are usually the highest earning medical professionals, and they usually earn upwards of RM50k (usually a lot more) in the private sector.

So yes, it really depends on what type of job you're looking at.
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  #3 Old 16-12-2010 Default Re: Highest paid job

The clear, unequivocal, and indisputable answer here is investment banking. Not a career for the faint-hearted though! You're looking at yearly bonuses of millions of USD/GBP once you've established yourself in the workforce. This is, of course, assuming that you don't burn out/drop out within 10 years or so in the industry [the burn-out rate is high].

I'll let the numbers speak for themselves: http://www.careers-in-finance.com/ibsal.htm
Yes, that was 70 million USD that you just saw under the salary of a "department head".

Otherwise, corporate lawyers, management consultants, and other corporate world jobs will also do. Your monthly pay will be slightly lower than investment bankers, but partners of a major corporate law firm can expect close to a million pounds in bonus per year, and during the really good years, a few million will be a realistic possibility. Sure, they don't get paid as much as the bankers do, but hey, they don't work 100-hour weeks either, which you will be expected to do as a banker.
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  #4 Old 16-12-2010 Default Re: Highest paid job

In an incidental and probably unrelated note, Malaysian housemen are expected to work 100-hour weeks too.
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  #5 Old 17-12-2010 Default Re: Highest paid job

I would say investment bankers/corporate consultants. XD But I am not sure why the burn-out rate is high. Hmmm. >.<
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  #6 Old 17-12-2010 Default Re: Highest paid job

oh...woah....burn-out rate??
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  #7 Old 17-12-2010 Default Re: Highest paid job

Quote:
Originally Posted by Glassylicious View Post
This is, of course, assuming that you don't burn out/drop out within 10 years or so in the industry [the burn-out rate is high].
Quote:
Originally Posted by Xon View Post
I would say investment bankers/corporate consultants. XD But I am not sure why the burn-out rate is high. Hmmm. >.<
Well, maybe because of investment involves lots of uncertainties, that a normal person with faint-hearted would not be able to bear. Suffering from high blood pressure among investors is not uncommon though.

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Originally Posted by acgerlok7 View Post
oh...woah....burn-out rate??
Burn out = drop out.
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  #8 Old 17-12-2010 Default Re: Highest paid job

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I would say investment bankers/corporate consultants. XD But I am not sure why the burn-out rate is high. Hmmm. >.<
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Originally Posted by acgerlok7 View Post
oh...woah....burn-out rate??
Because of the workload and the long hours. No, the burn out rate has got nothing to do with "uncertainties" in the job -- that is false speculation. It's a difficult job, and the hours are long. I have a friend who interned at an investment bank in London and she told me that there were days when she just slept at the office [three hour nap] without going back due to the sheer amount of work she had to do. These people put in a 100-hour weeks on a regular basis -- I'm not joking. Do the math and work out for yourself how many hours a day that amounts to.

Do not expect to have a single weekend off [you might get the occasional Sunday off on rare occasions] for your first few years. I'm not exaggerating; this is all what people inside have been telling me. THIS is why so many people drop out from investment banking within their first few years -- how many people do you know who are willing to work 13-14 hours a day week after week without taking a day off? It's difficult even for the ones who are truly passionate about the job and aren't in it for the money.

So really, the pay may be huge [a thousand pounds PER WEEK for a mere intern! Imagine what you'll be getting as an actual employee], but the hours are taxing. It's all up to you.
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  #9 Old 18-12-2010 Default Re: Highest paid job

Look at it this way. Investment banking are for people who likes to slave it out. Investment bankers work like dogs, for long hours everyday of the week. At the end of the year, they are 'rewarded' with 10-12 months of bonus (usually more) for their 'performance'.

In actuality, they are paid for the overtime that they contributed. Under Labour Law (in Malaysia at least), 1h of OT = 1.5 hour of pay. Hence, you do the math. Also, investment bankers are not the smartest asses out there. They are not stupid, but they are not smart either. Their job doesn't entail using any tough technical knowledge. This is true for traders, 'analysts' and other generic roles in IB. The forecasting model in IB are often desigened by other specialists, such as statisticians, actuaries, system developers and stuffs.

I would say they are a bunch of people who can endure a great deal of pain and hardship. Or heck, they might even take pleasure in the pain they receive. SM anyone? XD
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  #10 Old 19-12-2010 Default Re: Highest paid job

Quote:
Originally Posted by DoomScythe View Post
In actuality, they are paid for the overtime that they contributed. Under Labour Law (in Malaysia at least), 1h of OT = 1.5 hour of pay. Hence, you do the math. Also, investment bankers are not the smartest asses out there. They are not stupid, but they are not smart either. Their job doesn't entail using any tough technical knowledge. This is true for traders, 'analysts' and other generic roles in IB. The forecasting model in IB are often desigened by other specialists, such as statisticians, actuaries, system developers and stuffs.

I would say they are a bunch of people who can endure a great deal of pain and hardship. Or heck, they might even take pleasure in the pain they receive. SM anyone? XD
I misunderstood investment bankers with traders. Gosh! >.< Might even take pleasure in the pain they receive? Oh well, always reward yourself after passing each exam by organising a vacation or maybe some other more effectual methods. I meant actuarial exam.
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