Chitchat Goldman Sachs Likes Local Uni Grad!

One in three Goldman Sachs staff in Singapore went to a local university

Goldman has the highest ratio of local talent.

Do you need to spend thousands studying overseas to get a job at Goldman Sachs in Singapore?

While having an elite foreign degree on your CV certainly won’t harm your chances, almost a third (32%) of the firm’s Singapore-based employees studied locally, according to their public profiles.

We worked out the total number of employees at 10 global banks in Singapore who currently have profiles on LinkedIn. We then calculated the percentage of people at each firm who attended four leading Singapore universities (we didn’t include local polytechnics).

The results in the table below only include people who have public profiles which show their employer and their university. But they provide an indication of the proportion of staff members who went to a domestic institution.

Goldman Sachs has the highest local-degree percentage of the 10 international banks – all its rivals are clustered in the 19% to 24% range – suggesting that it is taking a lead in the government drive to reduce Singapore’s reliance on foreign talent.

This result also stands in marked contrast to our equivalent survey in Hong Kong where Goldman finished bottom of the table, with only 15% of its staff profiles including a local university degree.

Hong Kong is primarily an investment banking hub for Goldman and to get the best front-office talent it typically hires expats as well as local and mainland citizens who’ve attended tier-one schools in the US and Europe. Because Singapore houses a higher proportion of back and middle-office jobs, there’s less need for Goldman to recruit from overseas colleges.

Meanwhile, Singapore universities are increasingly entering the ranks of the global elite. The National University of Singapore and Nanyang Technological University are listed in 12th and 13th places respectively in the QS World University Rankings.

Pinkieslut said:

One in three Goldman Sachs staff in Singapore went to a local university ...

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dey muz haf oni 3 sinkie staffs ...

I ever met one Golden Sack sinkie in Front Office. Golden no more. :o

they say say only lah... just like how Indon suan that ms Vivian. say say wanna help come 1 month late, do 2 weeks only wanna claim credit and smoke still billowing

mojito said:

I ever met one Golden Sack sinkie in Front Office. Golden no more. :o

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with so many ah neh insidenow more like goldman snake

probably just to have a few local pussies to mix things up, increase the variety, no harm, right? Whats wrong with more pussies?

i would hire execellent local law, finance and biz admin grads such as claire too if i were to open a branch in sg by the same name.

25 years ago, MNCs would hire all locals grads with some exceptions locals with overseas qualifications from very good universities. MNCs would have one or 2 expats but the HR Director and the rest of the senior staff as well junior level staff would be local.

Not anymore. Nowadays lots of foreigners are hired on locals terms and many have applied to these MNCs while they are visiting or working in Singapore. The senior staff would most certainly be made up of foreigners and sometime even at junior level. The HR director would most likely be a foreigner and would generally pick first world qualification. If you can afford it, send the kids to Australia, UK, US etc. It also easier to get better grades from these schools. And it is always treated as 1st World qualification. The other issue with local universities is that the standard of English has dropped so badly that the overall image of locals education has suffered.

The government has made it music worse with foreigner friendly policies. If you are a grad, you can remain in Singapore for 6 months to look for a job. No questions asked.

scroobal said:

25 years ago, MNCs would hire all locals grads with some exceptions locals with overseas qualifications from very good universities. MNCs would have one or 2 expats but the HR Director and the rest of the senior staff as well junior level staff would be local.

Not anymore. Nowadays lots of foreigners are hired on locals terms and many have applied to these MNCs while they are visiting or working in Singapore. The senior staff would most certainly be made up of foreigners and sometime even at junior level. The HR director would most likely be a foreigner and would generally pick first world qualification. If you can afford it, send the kids to Australia, UK, US etc. It also easier to get better grades from these schools. And it is always treated as 1st World qualification. The other issue with local universities is that the standard of English has dropped so badly that the overall image of locals education has suffered.

The government has made it music worse with foreigner friendly policies. If you are a grad, you can remain in Singapore for 6 months to look for a job. No questions asked.

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Sinkies should follow Brother chun sing's advice and work abroad to gain valuable experience. It would help them a lot when they later on apply to work in MNCs and local GLCs. Companies prefer employees with a global or regional outlook.