Hi guys. I've been asked to cover the Titus Low story as I covered the Alvin Tan controversy some years ago in depth and was even granted an exclusive with him when he fled to America. For those of you who are not in Singapore, allow me to summarize the story: Titus is a 22 year old Singaporean social media star with a huge following across various platforms including Onlyfans, where he posts adult content. He was arrested and charged in December last year with "transmitting obscene materials", making him the first Singaporean creator on the Onlyfans platform to be charged with that crime. Ironically, Titus isn't the only Singaporean creator on that platform but he is probably the most successful one on there and that has led other Singaporeans on Onlyfans to become extremely worried. So for those of you not familiar with Onlyfans, it is a website where you can pay to view exclusive content from digital creators - it wasn't set up specifically for adult content and it is possible to pay for content like yoga lessons and healthy recipes there, but the biggest earners on the website all post adult content. Unlike other platforms like Youtube, there is no restriction on posting adult content there. Onlyfans has made it easy for anyone to become a porn star - you shoot your own content on your phone, upload it onto your Onlyfans account then users pay a subscription to access that exclusive content. The platform makes money by taking a 20% cut of the money you make on the platform and it is free for creators to set up an account there. With Onlyfans, you don't need a manager, an agent, a studio, none of that - they aren't the only platform in the industry offering this kind of service but they're one of the most successful; that's probably why Titus chose to use it.
My initial reaction is that I feel sorry for Titus as he is facing jail time for doing what quite a few others in Singapore have done, he has been singled out and targeted because he actually made a lot of money from it. There are plenty of other Singaporeans trying to flog their adult content online but most keep a very low profile and even if you do see their faces in their posts, they're highly unlikely to use their real names or divulge any personal details like where they work or live. Titus is very different in this aspect as he is cashing in on his fame to attract fans to spend money to access his adult content on Onlyfans but in doing so, he has really put his head above the parapet, doing the exact opposite of keeping a low profile. Technically speaking, what Titus is doing on Onlyfans is against the law in Singapore but the fundamental question is this: who exactly is harmed by this 'crime'? The only people who have viewed the adult content that Titus has uploaded are paying customers on the Onlyfans platform who have not only consented to view the content but have also paid for it. This then becomes a debate about the very purpose of the law: hence in principle, the transmission of what is deemed as 'obscene material' by any electronic means is illegal. in Singapore. So if a wife sends a nude photo of herself to her husband on Whatsapp or Snapchat in Singapore, then technically speaking, she is breaking the law even if that is a completely private act between two consenting adults and no third party has seen that nude photo in question. But of course, such an act would usually not warrant an arrest or any kind of investigation as there is no public interest in wasting police resources when it is clearly a victimless crime. So why then is Titus being treated differently, could it be argued that his Onlyfans activities are all 'victimless' too? If a crime doesn't have any victims at all, then is it still a crime?
According to a BBC report, there are approximately 100 Onlyfans creators based in Singapore and thus if Titus has been arrested, it has made them very nervous if they would be hunted down eventually and they are nervously watching and waiting to see what is about to happen to Titus. Despite the fact that Titus was arrested back in December, no other Onlyfans creator in Singapore have been arrested since and it does seem like Titus is the only one they went after which seems weird to say the least - after all, if what Titus is doing is so illegal that the government needs to throw him in jail, then why aren't the going after all of these other Singaporean Onlyfans creators then? There doesn't seem to be any logic or consistency in the way the law has been enforced here; is Titus being made an example of here? The Chinese idiom that comes to mind is 杀一警百 - literally "kill one, warn a hundred". Would punishing Titus harshly send a very clear message to all the others to stop what they are doing on Onlyfans? But if creating and posting porn on Onlyfans is so detrimental to public decency and morality, then why is prostitution legal in Singapore then? Surely if you're talking about criminalizing activities that would cause harm to society, then think about the young men and women working as prostitutes in Singapore who are exploited and how this fuels sex trafficking if the government is willing to turn a blind eye to prostitutes in Singapore? If the aim of the law is to reduce the amount of activities that cause harm to society, then going after a porn star like Titus whilst turning a blind eye to prostitution is very illogical, when Titus isn't hurting anyone.
So here's my theory: the Singaporean government know that they cannot eradicate all forms of sleaze and immorality from Singapore but they want to appease their conservative supporters by trying to look as if they are doing something about the situation. Hence they go after high profile porn stars like Titus Low, knowing that his arrest would make the headlines given how popular he is and thus this is a rather easy objective to achieve. Back when I was covering the Alvin Tan story, I asked a very hardcore PAP supporter why there was so much public anger directed at Alvin Tan whilst these same conservative Singaporeans simply turn a blind eye to all the prostitution going on everyday in Singapore. The reply I got was as follows, "some men simply need to have sex and are willing to pay for it. If these prostitutes are not there to fulfill that need, then many innocent women will get raped. I don't want to worry if my daughter or my friends' daughters are going to get raped when they come home after work or school. So if these men and prostitutes wanna do what they do together, then it actually helps make sure that many Singaporean women can get on with their lives in peace. But as for internet porn, anyone can stumble upon it online but I am not going to somehow 'accidentally stumble' into a brothel in Geylang and witness what is going on there. I don't want our kids to think, 'oh it doesn't matter if I don't study hard and get into university, I can always become rich by becoming a porn star!' So that's why we need to clamp down hard on anyone in Singapore peddling porn online and as for the prostitutes, I support the government's stance in tolerating that industry in Singapore. It is a necessary evil for the greater good. Personally, I feel sorry for those prostitutes in Geylang."
Whilst I clearly don't believe that there's any public interest in punishing Titus Low for his activities on Onlyfans, I am very surprised by his success. Firstly, his content is hardly unique and the production quality is poor. I've not actually paid to access his Onlyfans content but a lot of it has been leaked online onto other websites - Titus is instantly recognizable because of the tattoos on his arms. Thus it really isn't the quality of his adult content that is driving all that traffic to his Onlyfans account, rather it is because he has managed to build a big enough following on other social media platforms like Tiktok, Instagram and Twitter - it is his fans who are hungry to see more of him who are paying for his content on Onlyfans. This can be compared to the way a very famous actress appears nude for a few seconds in a film, the actually scene may not even be pornographic in any way but because this actress is famous, a lot of her fans would want to pay to watch that movie just for that scene regardless whether that movie is actually any good. As for why Titus has attracted such a following on other social media platforms, I am left me quite baffled. Okay he's got some decent youthful looks and his heavily tattooed arms do make him stand out in a rather crowded market of K-pop boy band clones of pretty East Asian boys. We normally expect celebrities to be famous for something, hence if you had won an Olympic gold medal at the Tokyo Olympics, then you'll be remembered for that. If you had sung a song that went viral, then people would remember you for that song. Or if you had played the lead role in a famous movie, then people would remember you from that movie. But what the heck has Titus Low done to earn that fame, apart from his mediocre content on Onlyfans?
Titus' arrest has done more than anything to raise his profile - after all, Singapore is a crazy rich country, there are plenty of Singaporean social influencers out there who are posting content of themselves spending an obscene amount of money. His Instagram feed just seems to be a constant stream of photos of Titus enjoying life in Singapore, posing with his pets, drinking cocktails in trendy bars, driving around town in his sports car, posing by the pool showing off his tattoos - even I am jealous, he seems to be having a lot of fun and not doing that much work apart from Onlyfans. I noted that his posts from before his arrest in December 2021 used to a few thousand likes, indeed if you scroll back far enough, some of his older posts from 2017 received less than a thousand likes. But after his arrest, his recent posts typically have between 20,000 to 40,000 likes despite the content not really being that interesting or entertaining. I can see how a dance trend can go viral on Tiktok if it is catchy and memorable but watching Titus style his hair to get ready to go out left me scratching my head as to why people actually found that interesting. You know that saying: there's no such thing as bad publicity, I would not have looked Titus up on social media if not for his arrest and we wouldn't be talking about it in the comments section below if he wasn't facing jail time for what he has done. If he could make up to S$30,000 a month just doing this, then again Titus is definitely doing something right and that is why I find this story very fascinating.
After all, there are so many people trying to make money by selling adult content on platforms like Onlyfans, especially during the pandemic when we experienced lockdowns and couldn't even leave our houses for most of the day. Many turned to the internet as a source of entertainment and some turned to it as an alternative source of income. There are many streaming platforms for amateur adult performers out there and these are very accessible and user friendly. In fact, they operate in the same way as these popular Chinese streaming platforms except of course, adult content is permitted. On these platforms, only the most successful performers actually make any money; viewers can buy tokens on the platforms to tip their favourite performers but unless you command a huge fan base, most performers would be lucky to make a few dollars in tips per day and that's hardly worth it. A lot of the performers on these adult streaming sites are from poorer countries like Romania, Colombia and Ecuador so you're going to have a lot of competition on these platforms. When there are so many performers out there trying to get your attention, most viewers simply jump from one performer to another, much like the way we might channel surf when we don't quite know what we want to watch on television. You'd click on a performer and watch for a few seconds, then think, nah I'm bored, let's try another. The aim of the performers is to capture the attention of the viewers, persuade them to keep watching you and get them to give you a tip in exchange entertaining their requests. I can see how some exhibitionists can do this for fun but to try to make any substantial money by performing porn online is extremely difficult - that's why we shouldn't underestimate Titus' success.
Titus was arrested only after the content from his Onlyfans account has been leaked and some people have made a police report. This begs the question: why did someone want Titus to be arrested? The answer is pretty obvious: Titus is a 22 year old man who is making S$30,000 a month through porn whilst there are Singaporeans who don't make that in a year - there is definitely an element of jealousy here. Some people may react by saying, "if you can make that much money doing porn on Onlyfans, then I ought to get on that bandwagon as well!" But no, most people don't think like that - after all, do they have what it takes to become a porn star? Heck, I even get self-conscious before posting selfies on Instagram and even if you do set up an account on Only fans and start posting your own adult content, there's very little chance of you making as much money as Titus. Thus there are some people who are extremely jealous of someone like Titus making so much money, especially at a time when times are hard: the economy is still struggling after the pandemic, the war in Ukraine is causing a cost of living crisis and many people out there can barely make ends meet whilst Titus is flaunting his extravagant lifestyle on social media. So some of his haters may think, "even if I can't become as rich as Titus, I can always get him into trouble by reporting him to the police as making porn is illegal in Singapore, so he will lose his source of income and go to jail - then Titus would suffer like the rest of us." This probably explains why Titus was singled out, whilst other Singaporean Onlyfans creators have not been arrested (not yet anyway, not for now).
There's always going to be a 'holier than thou' brigade wherever you go, this isn't unique to Singapore at all. We're talking about sexually repressed, usually quite ugly older Singaporeans who give themselves this sense of satisfaction when they equate their chastity with some kind of moral superiority compared to those who do go out and have casual sex. Allow me to present a situation which would be acceptable to the 'holier than thou' brigade: meet Xiaofang, a prostitute from China working in a brothel in the red light district of Singapore. She is in Singapore illegally and thus is afraid of the authorities - she has been trafficked into Singapore by her pimp and has to service many clients a day. Despite earning very little, she has to send most of what she earns back to China to support her very poor family, who are living in some remote corner of south-west China. So when the 'holier than thou' brigade is presented with the case of Xiaofang, they might even feel sorry for her given her really dire circumstances: after all, she is living in poverty, hating every moment of her sex work and if given a choice, she would rather have a better job and not have to work as a prostitute - this allows them to feel morally superior to Xiaofang. So now let's contrast Xiaofang and Titus, he is unapologetic about his success on Onlyfans and flaunts his newfound wealth on social media. This is why the 'holier than thou' media would resent Titus a lot more than Xiaofang. As Titus has earned so much money from his porn work, he has become a target of the 'holier than thou' brigade who think, "I am earning an honest living by working hard, yet that porn star Titus is so much richer than me? That's not fair! There's something very wrong, I will fix it by making a police report."
The fact is Titus' success is indeed an anomaly - if his claims of making up to S$30,000 a month on Onlyfans are true and not wildly exaggerated, then that places him in the top 0.04% of Onlyfans creators who are truly making an insane amount of money. There was a news report on the BBC that describes the more typical experiences that Onlyfans creators have - the report interviews three creators who have been forced through sheer desperation to turn to porn in order to make ends meet. One of them 'Blake' described being so poor that he has stopped eating meat - we're not talking about Blake not taking fancy exotic holidays because flights have become so expensive, this guy can't even afford chicken and beef at the local supermarket. Whilst you might argue that this BBC report places the website in a negative light, that it makes the creators there look like victims and that this website is exploiting them, by making money out of their desperation - after all, Onlyfans takes a flat fee of 20% of their earnings. On the other hand, these creators know exactly what they are signing up for and have willingly participated on that website to make money. Of course if the BBC tried to portray this website as a precious lifeline, a savior to these young people struggling to make ends meet, then it could risk being accused of encouraging other poor young people to start working in porn. But at the end of the day, what is the worst case scenario for the creators on Onlyfans? They spend a lot of time (and money) creating content that nobody wants to spend money to see, ouch. Oh dear. Now that's gonna hurt their egos, but it is not the end of the world.
Titus has alleged to the media that the leaking of his porn videos may have been done by his rivals and I think there may be some truth to it. After all, this is no different from when I refuse to pay for a Netflix subscription and instead download my favourite movies and TV series off some dodgy website for free. Whilst the people who have hosted those files on their website haven't earned any money from me, they have certainly harmed Netflix's revenue stream because I have managed to get hold of what I want to watch without having to pay Netflix anything. However, I don't think that has hurt Titus all that much given how low-cost his productions are - it is literally him at home performing whilst recording it on his phone or tablet. Let's contrast this to the most famous Singaporean porn star ever, Annabel Chong. She gained global fame (or notoriety) by breaking the world record back in 1995 by having sex with 251 men in 10 hours and of course, this propelled her to world wide fame. Hence she went from a relative unknown in the porn industry to one of the biggest names on porn in the mid-1990s all because of this world record breaking feat. So let's put aside whatever feelings you may have about what Annabel Chong did - it was certainly a professional production that involved a massive cast and crew to put together at considerable expense, it was the polar opposite of what Titus did. Thus if someone leaked Annabel Chong's movie, it would hurt her revenue a lot more than Titus' but allow me to give you a different reason why this act has successfully hurt Titus in a way which you may not have previously considered. Allow me to use an analogy.
I visited Taiwan back in 2018 and when I visit a country, I always want to try all the local dishes. So one of Taiwan's most famous dishes is the Taiwan pineapple cake, which was on my list of dishes to try when in Taiwan. When I was at the famous Shilin night market in Taipei, I was ready to spend some money buying this famous dish when I chanced upon an old lady selling this pineapple cake, in order to lure tourists buy her products she was giving out free samples. It wasn't like she was giving out huge portions but it was on the assumption that the tourists who had never ever tried it before would enjoy her free sample so much they would buy a box or two from her. So I gladly accepted this free sample from the lady, thanked her and then bit into the pineapple cake, it was very underwhelming. I wondered what all the fuss was about, it lacked the intense flavour that one would expect from pineapple, instead it was a pastry filled with a sickly sweet pineapple jam. I almost spat it out on the spot, but I couldn't do that in front of the lady - that would be too rude. I had to run around the corner and spat it into the drain by the road. Yeah, that's how I feel about Titus' porn videos, I might have been curious enough to get a taste of Singaporean gay porn at a low price on Onlyfans but once I had a 'free sample' via the leaked videos, I felt the same way about the pineapple cakes: the product was of very poor quality and didn't appeal to me at all - it was certainly not worth the money and that free sample had convinced me not to spend any money on it.
Turning our attention to another question: was Titus foolish in doing porn in Singapore? Actually, I am going to be quite harsh on him and say yes, he was, very much so. I refer you to another case to give you some perspective on this complex issue: back in 2016, Yuen Ye-Ming a British expatriate working in Singapore as a DJ was arrested on a range of drug offenses and he was very lucky to have been spared the death penalty given how strict Singapore's laws are regarding drugs. After he was sentenced, there was an outpouring of sympathy in the British media for Yuen especially since he was to be caned 24 times as part of his punishment. However, I don't agree with them and I don't feel sorry for Yuen, he wasn't some innocent backpacker who was tricked into becoming a drugs mule or someone who was so desperately poor he was willing to take a massive risk to earn some money. No, Yuen was a resident in Singapore and the onus was on him to obey the law there. Furthermore, the street value of drugs like cannabis in Singapore is so very high because drug traffickers risk the death penalty to smuggle it into Singapore illegally, compared to countries like Thailand and Netherlands where cannabis is legal and thus a lot cheaper. Yuen was an adult who knew the consequences of his actions and yet was willing to take the risk for financial gain - I have no sympathy for him. I do view Titus' situation in much the same light: he is a Singaporean citizen resident in Singapore, the onus is on him to figure out the legal issues associated with his activities on Onlyfans. If he was that determined to pursue a porn career, then he should have left Singapore to do it in a country where porn production is legal. This is business 101 - don't break the law.
One more question I've been asked is if Titus is straight, bisexual or gay. My first reaction was, who cares? But since I've been asked for my opinion, I did a bit of research: I simply did an image search of Titus Low + porn and found images of him indulging in gay sex with another man. By that token, that means he is either bisexual or gay, but not straight. In fact the only reason why I was willing to include this as part of my post was because of his so-called 'engagement party' to Malaysian social media influencer Cheryl Chin in a series of posts on social media. Surely Cheryl is completely aware that Titus is performing gay sex acts on Onlyfans to earn a lot of money? Is she going along with the hoax just to draw attention to herself and raise her profile on social media? After all, I've never ever heard of her until I started reading up on Titus whilst writing this post. If she wants attention, then well done Cheryl, you have managed to get exactly what you're looking for. Look if she is happy enough to marry a gay or bisexual man who does gay porn for a living, then that's a decision for Cheryl to make and who am I to judge her for that decision; though I can't help but imagine the number of times her friends and family members will ask her, "hey Cheryl, are you aware that Titus has been having sex with other men in the porn videos he has posted on Onlyfans? Are you cool with that? Will he keep performing gay sex online to make money even after you guys get married?" Thus I'm hardly the only person who is cynical about this relationship.
The last question I will deal with is whether or not Titus can move to London or Los Angeles to pursue his porn career. Let's deal with London first: the simple answer is no, you need a visa to move to the UK and typically, most Singaporeans will get a work permit that will enable them to work in the UK. There are also a whole bunch of visas under the Global Business Mobility programme as well as the new HPI (high potential individual) visa but Titus doesn't qualify for any of those. It is not impossible of course, but it would take some work to make it happen - say if Titus gets degree from NUS (currently, he only has a degree from a local polytechnic) which will then qualify him to come to the UK on the HPI visa and once he is here, he gets a job whilst doing some Onlyfans on the side. Just because porn is legal in the UK doesn't mean you'll be granted a visa to come and work here as a porn star - allow me to make a comparison to bubble tea. Bubble tea is legal here of course, in fact it has become very popular in the last few years in London. But just because it is legal and popular doesn't mean that the UK government is going to grant you a visa to come and work in a bubble tea shop here. Likewise for America, whilst there are a bunch of work permits/visas available, none of them cover the porn industry and let's just say that Titus has grossly underestimated how easy it is for him to move to London or Los Angeles to pursue his porn career. Alvin Tan works in porn in America now but that's because he has been granted political asylum and has the right to work in America now. Please note I'm not recommending that Titus even considers this route.
Would Titus be able to dodge the law by performing for Onlyfans abroad? Imagine if he gets on a plane to London, he would instantly get a tourist visa (valid for 6 months) upon arrival. He can then do all the Onlyfans work he wants whilst in the UK whilst outsourcing the management of his Onlyfans account to a company or manager in the UK. When his visa runs out and he has to return to Singapore, even if the authorities try to arrest him, they are on shaky ground as the alleged 'crime' was committed in London and not Singapore, so if the British police are not interested in arresting Titus for his Onlyfans activities (since porn production is legal in the UK), then the Singaporean authorities will struggle to establish legal grounds to arrest Titus for something he has done in London. It is possible to be arrested in another country for a crime you have committed in the UK, say if Titus murdered a person whilst in the UK and fled back to Singapore to evade justice. Even if he was arrested in Singapore, he wouldn't stand trial in Singapore for the murder as the murder was committed in the UK, instead he would be extradited back to the UK to face justice in the jurisdiction where the crime had been committed. Even if Titus can somehow find a way to stay on the right side of the law by performing only in countries like the UK where producing porn is legal, would the authorities in Singapore will let him off the hook based on this legal loophole, or if they could jail him for the maximum of 21 months, the worst case scenario based on the charges he is currently facing. The police may have also confiscated his passport upon his arrest last year.
Okay, so that's it from me on this topic, what do you think? Have you seen any of Titus Low's content and what do you make of it? Why do you think he is being treated so harshly by the authorities in Singapore? Is he asking for it by pushing the limits in Singapore or do you think he has been unfairly singled out, simply because he has managed to make quite a lot of money from porn? Do you think Titus would go to jail and if so, for how long, or would he get away with a fine? What do you think of this recent marriage to Cheryl Chin? Please leave a comment below, many thanks for reading.
Y'know sometimes I'm very surprised at how conservative some people in Singapore can be. Maybe because when I lived there I hung out with mostly expats or young singaporeans who are quite liberal. It's a rich country yet they still ban porn. Might as well be Asian Dubai at this point. I bet nobody would care if it was a foreigner who was living and working in Singapore but doing onlyfans on the side. Btw Titus Low looks like a buff kpop star, who wouldn't use those looks to make bank if they could? Also I dunno if you know, but in America there's a lot of porn stars who are "gay for pay." It's because gay scenes pay more than straight ones because the girl and not the guy is supposed to be the star, since most of the audience is straight guys. Porn is the only industry where women on average make double what men make. Like people will do almost anything for money. I remember Philip Morris the cigarette company once had a non smoking CEO.
ReplyDeleteHi Amanda, I think you'll find that there's a whole myriad of attitudes when it comes to porn anywhere you go - America is the world's biggest producer of porn (well given the size of the US economy, it is probably the biggest producer of a lot of things). Yet I'm sure you'll find plenty of very conservative Americans who would believe that porn is the work of the devil and ought to be banned. Singapore's the same by that token except of course, if an American wants to do Onlyfans to make some money, it is completely legal but Titus is arrested because of the laws in Singapore despite the fact that it is a victimless crime. The most ridiculous part of it all is that the police claimed that Titus' videos have been circulating on the internet so they have to arrest him - but I'm like, your police work sucks. Surely you need to arrest the person circulating/sharing the videos of Titus rather than Titus himself, who charges people a fee to see his content on Onlyfans.
DeleteTitus stands out (and is instantly recognizable) because of his tattoos - which are quite a taboo amongst the Japanese and the Koreans. This is because tattoos are associated with criminal gangs, the mafia and organized crime; thus for example, if you wanted to visit a public bath, you'll be obliged to cover up your tattoos in some places as they are deemed that offensive to the public. K-pop boy bands are a very manufactured product, they are told what to wear, how to dance, given songs to sing, the management firm probably watches their diet and gives them a curfew, controls their social media etc; thus I'm not saying that you won't find K-pop stars with tattoos, but in all likelihood, a) they're discreet and easily covered up, or b) they're such big stars already that they don't give a damn or c) they're trying to portray some kinda gangster bad boy image. Thus Titus doesn't quite fit in - he has the youthful boyish good looks but the tattoos seem quite aggressive.
Part two coming up below, bear with me.
Oh and Amanda, I consume so much porn, of course I know about gay for pay. You may not know this, but I also consume a lot of straight porn - not because I like women but because I like watching straight men in action. It's a form of voyeurism I suppose and I'll be talking a lot more about straight men in porn in part 2, the follow up to this post as I have more to say about men in porn. You're a recent reader but back in 2012, I did this whole adult season where I interviewed loads of people who worked in porn - from ex-porn stars to porn agents to high end escorts to a very successful female porn star to a porn producer. Look, I'm a liberal gay man living in London, of course I rub shoulders with porn stars and people in the porn industry. Especially when I was younger and used to party a lot more in London, I met so many porn stars and after a while, it was like so normal. I've even been on set on a porn shoot before to help out when my producer friend desperately needed to complete a scene on time and was all alone, I stepped in as his assistant director and there was a gay for pay porn star on set that day. Anything to do with the porn industry, you name it, I've probably witnessed it with my own eyes. I was probably more obsessed than most people with porn (remember, people in the UK grew up with porn, for them it's no big deal) because I met Annabel Chong in Singapore, she is Singapore's biggest porn star and I only met her because she was my sister's friend at school. So when my sister's friend at school went on to become this mega-huge porn star in California famous for her gang bang scenes, I got so fascinated with porn. My brain is a bottomless cesspit of knowledge when it comes to the porn industry - if only I can monetize it. I'll save it for part 2 when I'll talk more about straight men who work in the porn industry and how marriage become a tricky issue for them to deal with when they wish to settle down.
DeleteWow I didn't know you came into contact with that many people in the adult film industry, or that you were actually on a shoot. Seriously Annabel Chong is your sister's friend? I'm surprised you know her because usually porn stars use pseudonyms when they perform because they have regular dayjobs and only do porn on the side, or even then they might just want to keep their real names private for after they retire, as it's a short career based on looks.
DeleteLol I once watched a podcast with not a pornstar, but the owner of a pornstudio and the founder of the UK website "youporn." He said one of his video-editors had to quit because his girlfriend was upset that he edited porn videos for a living. It's a very taboo topic for the partners of people involved in the production, even if they do behind the scenes work.
So why do you think Titus Low is gay/bi and not just gay for pay? I guess the only red flag is he got engaged only a month after meeting his girlfriend.
By the way, I've been getting really fascinated with the finance industry recently. Could I ask you something about it? I've been watching a show on HBOmax called "Industry" about some young people interning at an investment bank. And half the characters are in sales, and I see them trying to get new investors to sign on, or sitting at their desk at a packed trading floor and being on the phone all day offering investment opportunities to investors. Is that what you do on a regular basis? How accurate is that show? The other half of the characters don't work in sales and seem to do market research all day and aren't on the phone at all. But they still sit on meetings with the sales people, but sometimes the sales people also come up with trade ideas for call/put options so I get confused what role is what. I suppose I'm aiming for the not on the phone all day job in the future haha. It's so dramatic when the sales people try to pitch ideas to investors or even their superiors which they might like/hate.
When I was younger and used to go out partying, I used to rub shoulders with loads of gay porn stars who then introduced me to straight porn stars as well. Also as an actor, I got to know a lot of production crew who have worked on both porn and regular projects for TV, film etc - for them, work is work, whether you're doing camera work for a porno or a TV show. As for Annabel Chong, she's not my friend per se, but she was my sister's friend (my sister is in Singapore, Chong is in California, they've not spoken in decades). Her real name is Grace Quek but it's not like that's some kind of closely guarded secret, she did a film where she talked about her early life in Singapore, what it was like growing up in Singapore and how she discovered porn etc. But look out for part 2 which I hope to publish today, I'm off to Wales tomorrow so I'm hoping to finish part 2 today otherwise you're gonna have to wait till next week for part 2. In part 2, I'm going to use the case study of a veteran German straight porn star Steve Holmes and his wife Sylvia is a co-producer on his films, she is literally standing behind the camera watching him perform with loads of women and saying things like, "we need to move to camera to the left next to the window, I think we can see them a lot more clearly as the lighting will be better from that angle. So guys, just give me two minutes to move the camera." I have seen Titus perform gay sex in his porn videos and no he isn't gay for pay, he has even admitted to be bisexual in his videos and that's fine y'know, like he likes both men and women.
DeleteAs for your second question, hell no, the show is NOT accurate at all. The problem with these shows is that they are usually written by people who have never ever stepped into a real office environment within an investment bank. If they ran to me and asked me for my opinion, I'd probably be saying things like, "that never happens and this never happens, you can't make it look so dramatic etc". Then their response would be like, "but it's fun to make it dramatic, who wants to watch a boring show where not much happens?" And I'd roll my eyes and say, "duh, working in an office is boring for most people. An office setting doesn't usually make great drama unless you create the most implausible circumstances to inject some excitement into the plot." And that's the truth, these TV shows often exaggerate certain aspects of the job to create drama for the viewers and that's their priority, it's not some kind of documentary to accurately capture what is actually going on (which can be extremely boring).
DeleteThere are strict laws in the UK against 'cold calling' to sell investments - it's plain illegal because in the past, you have had situations where naive old women are targeted because they have life savings, they are very lonely and some guy calls them up at 3 pm everyday, strikes up a relationship over the phone then convinces them to sink their life savings into some junk bond which goes down the drain - the guy then gets his commission and disappears and the little old lady realizes too late that her life savings are gone. The British government is extremely cautious when it comes to protecting stupid people from their own stupidity and the laws were tightened in 2000 and again in 2008 after that financial crisis, it is to make sure that these stupid elderly people do not pick up the phone and speak to some con artist, but they will always go down to the local bank to keep their life savings in a safe place. But prior to 2000 and especially back in the 1980s, there was a lot of cold calling going on - but in 2022, doing that is downright illegal in the UK. You do that, you will get a knock on the door and the police will drag you to jail in handcuffs - a judge will be happy to put you behind bars for a very long time for doing that. This is because you can't sell to an intelligent investor over the phone like that, these criminals only hard sell to the most stupid elderly idiots and exploit the fact that these old people are vulnerable. That's why this kind of sales has been outlawed in the UK for good reason. Allow me to explain how the law works in the UK (whilst noting that laws in the USA would be slightly different).
In the UK, we differentiate investors into two categories: dumbfuck elderly idiots, which we use the term 'retail' beause it's kinda rude to call them idiots who need protecting from their own stupidity and high net worths/institutional investors, so these are either extremely rich people with millions to invest or companies with millions to invest (such as the pension fund of a huge company like Tesco or Shell). So you need to be FCA (Financial Conduct Authority) regulated to even go near a retail investor, like if you even do as much as say "good morning" to a retail investor without FCA regulation, you will get a knock on the door by the police ready to drag you to jail, lock you up and throw away the key. Thus in the UK, you're not allowed to pick up the phone and cold call retail investors (as portrayed in the show) because good grief, that's COMPLETELY ILLEGAL in the UK for at least 20 years already. So no the show is not accurate at all.
Since it is COMPLETELY ILLEGAL for me to even say 'good morning' to a retail investor, I am left with high net worth individuals or institutional investors. I don't deal with the former as it is hard work dealing with rich people who aren't that intelligent, we're talking about widows who were left millions by their late husbands but have no idea what to do with their money - they are hard work to deal with and I don't have the patience to deal with people like that; instead they would have a financial adviser or private banker and I'd speak to that financial adviser/private banker rather than the rich person. So I give you an example, I deal with this guy called Brian, he makes a good living out of dealing with all of these very rich individuals - they trust Brian to invest their wealth, so I only need to speak to one person Brian and can therefore through Brian, receive inflows of investments through Brian from all of these very rich people.
DeleteSo the only people I'd deal with are the likes of Brian and the pension fund managers of these big companies; it couldn't be further removed from what you saw on the show. It's a completely different conversation with Brian since he is older than me, more experienced and asks very technical questions about the investment propositions. It's not dramatic, it's boring, it's technical, it's not fun and it is a million miles away from what you see on TV. Cold calling yields poor results because you have no idea whether or not the other person is going to be interested if you're speaking to them for the first time. Whereas with Brian, I've known him for so many years - he knows I won't approach him unless I have a brilliant proposition. So the meeting is always very straightforward, technical and boring (I stress boring) - it's certainly not TV script material. Hence everything you see on TV is completely inaccurate, especially since what they're portraying is COMPLETELY ILLEGAL in the UK.
Another reason why that show is completely wrong is because even if I was a rich person with millions to invest, in the real world, I'd outsource any decision to invest to someone like Brian - he is the expert who deals with this all the time. Say I am a doctor, I am very good at what I do in the medical field but I don't understand the complex investment proposition into an asset class I am unfamiliar with - rather than try to understand something like that and make a risky investment decision without a technical understanding of how it works, I would simply say, "you need to speak to my financial adviser Brian, he will be able to have a well-informed technical discussion with you about this - he is the expert, I will let him do his job. Here is his number, call him." The conversation that follows with Brian would - yup, you guessed it - extremely boring and technical, hence nothing you saw in the TV show was accurate at all.
DeleteJust to complete the explanation: okay what about these really stupid elderly folks who supposed to be protected by the law then? Well in short, the law in the UK has made it such that the ONLY people who can deal with these really stupid elderly folks (and everyone else who is poor, they fall into the same category) would be the high street banks - so the big names in the UK include HSBC, Barclays, Lloyds, Santander, Halifax, NatWest and Metro Bank. This is a very short list of banks that most poor people in the UK use for banking services - in exchange for having this privilege to serve a captive market here in the UK, these banks will follow every single rule laid down by the government to make sure that poor people never invest in anything risky, that they will never lose their money over a risky investment. Of course, there's nothing to stop a dumb old person from reading an article on the internet and purchasing some dodgy crypto currency online (and subsequently losing all their money) but that's someone who is smart enough to use the internet. We're talking about elderly folks who don't know how to send an email here or use a mobile phone. Thus when these elderly folks want to invest in anything, they will have to show up in their local bank in person and the list of products they will be presented with is a list that has been pre-approved by the government, ie. very low risk, you won't lose your money on this investment but the rates of return are dismal. This is a reaction to the fact that so many elderly people were duped out of their life savings in the 1980s/1990s when it was still legal to cold call and scam these old people to invest in dodgy schemes, so the government has created this framework to protect the elderly from their own stupidity. Sad but true. I have elderly parents myself and I know exactly what it feels like to protect old people from their own stupidity.
DeleteI know I am going on and on quite a bit here, but I felt I really needed to explain to you just how ridiculous what you've seen on TV. I always roll my eyes when I see any kind of banking portrayed on TV shows or movies because the script writers are a bunch of people who have always worked in the creative industries and have absolutely no clue whatsoever what actually happens in investment banks. Granted some TV shows/movies do somewhat better research than others, but it is shocking how incredibly unreal what they portray is compared to the real working world in which I have inhabited for so many years.
DeleteYeah it must be a different experience being married to a porn star, like considering people can be jealous even if they're partner is not sleeping with someone else but simply hanging out with them. You could say the same about acting, actors have run off with costars or coworkers on set after doing a shoot for months and being away from their family. Or even that show "dancing with the stars" where a lot of celebrity participants get divorced after appearing on the show.
DeleteAhh okay, yeah I thought it was weird the interns could cold call investors. When Goldman Sachs visited my school they said as an intern you're not even allowed to talk to the institutional investors because in the US you have to take exams to be a "certified financial planner", else it's illegal. Yeah it was a little strange there were no financial advisers in the show which the main characters spoke to. Instead they spoke directly to the rich people who held the money. Other shows are guilty of this too, like the show "Billions" set in a US Hedge fund. Except that show does deal with institutional investors like teacher's or firefighters pension funds, but those episodes/clients are the least dramatic in the show. It was incredibly odd to me that the intern just called the investor and started talking about call and put options in the housing market and gold, as if this rich person spends all day learning about options trading. I'm studying those right now and it's incredibly mathematical, but even I wouldn't be able to know what's a good/bad deal if someone cold called me today.
Lol they say "Suits" is really inaccurate about law because the cases are way too short, and they cut out a lot of paperwork. Also none of the lawyers on suits have subspecialties and do all kinds of law, from bankruptcy to divorce, which is highly inaccurate. But it's a good show regardless, and they do explain some aspects of the law. This show about banking doesn't even go into what is a call/put option, they just say a bunch of fancy words on the phone all the time. I dunno why I'm even watching this, maybe I just wanted to know what it would be like to work in finance.
Another question, have you ever worked with quantitative traders? Mr TBT at your last company, he was a trader, was he a quant or a regular trader who used common sense analysis to make trades? I watched the show Billions where it was a regular hedge fund which started up their own quant wing of company during the show. The quants featured in the show usually just coded and never dealt with any sales people, which seemed accurate, but also meant very little drama. They even had to do math puzzles during job interviews, which for me is super accurate. To add drama in the show they made the quants focus on sustainable/green investing which meant they regularly came into conflict with the CEO of the hedge fund who prefers maximal profits rather than saving the environment/charity work. However sometimes the head quant would court an institutional investor like someone who managed the endowment of a school. I think that's not too inaccurate to speak to an endowment manager, because the manager of Harvard's $40 bill endowment wrote a book about quantitative finance and options trading so he knows his stuff. But I just thought that was inaccurate because usually the sales people are supposed to do that, though if its a quant to another quant, maybe it's not too inaccurate.
By the way, I'm always happy to discuss banking since I find it fascinating and would like to enter the finance industry soon. Y'know I don't watch tv shows about scientists or academia because that is also incredibly unrealistic. They cut out a lot of roles and division of labor to streamline the number of characters and plot they have to show. Human minds are just not meant to comprehend the amount of specialized knowledge and manpower it takes just to accomplish anything complicated. I think I had a very unrealistic view of science growing up as a result. I know being a quant is not gonna be a bed of roses, but at least I will have zero idealism about it and would be less likely to be exploited as a result. Instead I'd just go to work with the aim of making as much money as possible and starting as little fights as possible, then go home and enjoy my life. I know previously I said being a quant was my second choice, but it's starting to look like a first choice because it's not fun to turn a passion into a job because then you have more restrictions on that passion.
DeleteAlso, I used to think that working in banking is evil/doesn't produce any good in the world, but when you mentioned the retail and institutional investors, not every hedge fund/wealth management firm caters exclusively to high net worth individuals. Pensions still need to be invested which affect ordinary people, and I heard Hedge Funds couldn't even exist on high net worth individuals alone and only took off after pension funds existed. Also I'm surprised at the amount of regulation the financial industry has. Banning cold calling is one thing, but protection against Ponzi schemes (using money from one investor to pay others to hide losses) is also taken very seriously. There's still corruption, but there's corruption in every industry. I've seen a lot of crap in academia, scientists cooking data, hiding data, stealing each other's work, being bribed by big companies to agree with them, etc. So I think I can at least do some good being a quantitative trader developing an algorithm to grow a teacher's pension fund, etc.
My obsession with porn in my 20s and 30s was mostly because of the Annabel Chong factor - basically, when it turns out that someone I knew (well, sort of, via my sister) became one of the world's biggest porn stars, it was the reaction in Singapore that prompted my curiousity and obsession with porn. The clubbing circuit in London gave me the opportunity to get to know a lot of people on the porn scene in London - this then was followed up by the fact that some of the production crew I met in London as an actor had also worked on porn scenes before. Some people might even feel embarrassed to confess to knowing so much about porn but my head's like the Wikipedia of the porn industry, like I know waaaaaay too much about porn. So when you asked if I knew about gay for pay, I'm like girl, if I could get a PhD for porn studies, I'll be the grand master professor of the department already. But no that doesn't pay the bills, knowing all about porn doesn't make me rich, it just makes me a dirty old man. And that's why I turn to finance to pay my bills and onto your next question.
DeleteThe bottom line is if I had a dollar every time I saw a scene on a TV show or movie that portrays a situation very inaccurately, then I would be a rich man. These programmes are meant to entertain, rather than educate - they are not documentaries trying to show reality, but they are a work of fiction dreamt up by a writer who has probably never ever set foot in a real banking office environment before. If it is totally rubbish, dramatizing what is essentially an illegal activity, then they can simply shrug their shoulders and say, it's fiction. It's just a TV show, it is not meant to be real. So let's leave that TV show for now on the understanding that what they have portrayed is completely unreal. You can say the same thing about so many other TV programmes out there. Onto your next question which I find a bit naive, sorry.
I rolled my eyes when you said you could do some good in using your maths skills to grow a pension fund - nah Amanda, that's the stuff of fiction you might have seen on a completely unrealistic TV show. The real world doesn't work like that. The banking industry is full of self-serving selfish individuals and nobody gives a damn about the teachers' life savings; in fact, many in banking view teachers as retards who are too stupid to handle anything more complex than an elementary school curriculum, so there isn't that emotional connect between "this is the life savings of hard working honest folks" and trying to grow the fund. If anything, teachers are viewed with disdain as fools, idiots and low-achieving losers by those in the industry who can earn in one week what teachers earn in a year. If you wanna be rich, then by all means work in finance. You wanna help teachers? Well I have news for you, you can't do that in financial services - you need to go join a teachers' union so you can fight for better working conditions and pay for the teachers in your city or state. A pension fund manager is not the same as a quant in any case - a pension fund manager has a mandate to invest the funds within the portfolio they are responsible for. Now usually, this person doesn't care whether it is the life savings of primary school teachers or the oil wealth of a rich Arab king (with a hideous human rights record) - you simply take the emotions out of the equation and invest the money according to what you have available and create a portfolio made up of the best products you can get your hands on. A quant trader's job is to maximize profits, rather than say, "oh I will try to do some good by investing in this South African Women's charity as they do a lot of good in the world." Hell no, the only way to help that charity is to do what you do best - park your emotions at the door, do your job properly, then make a personal contribution to the charity if you wish to do some good in the world. Likewise, I think it's very naive to think that you can pick and choose what portfolios you can work for ("I only wanna do teachers' and firemen pensions") - nah, as a quant, you work on whatever your boss tells you to work on, you never get to pick & choose. Like I said, you wanna do charity, you make a contribution to the organisation of your choice after you get paid - but trying to mix work and charity never works in the banking world. Certainly not for quants, if you think you can do that, then I think you've been getting your information from these ridiculous TV programmes rather than the real world.
DeleteIf you're serious about doing some good in the world, then there are other areas of finance which you can go into which involve aiding the investments into sustainable development and other green projects, but they don't need quants. That's a whole other area of finance where they do a lot of good in the world by making sure that green energy projects get the funding they need from people who are willing to invest in this sector etc. Now that's about green technology + networking to make this matchmaking successful, nothing to do with maths at all. But that's a whole other area of finance that you've not considered before as it has absolutely nothing to do with maths at all.
In short, quants get paid a lot of money to do what they do whilst parking their emotions at the door. If you find out that you're doing work that will benefit the portfolio of an evil Arab ruler with the world's worst human rights record, then you're expected to turn a blind eye to all that and focus on the maths. It's not the job of the quant to decide which clients the investment bank chooses to deal with, that's a whole other department altogether and you're expected to simply do whatever you're told to do, stay in your lane and not any questions. Is it possible that your work will benefit a teachers' pension fund? Maybe, it is possible, but you work could also benefit that evil Arab ruler's personal wealth. The fact is as a quant, you have zero control over that end of the equation, whether your skills are used to make the world a better or worse place - you're merely paid to perform a function, you just go into the office and do your job to get paid. If you really wanna make the world a better place, like I said, take some of that money you get paid and give it to a worthwhile charity that would spend that money wisely making this miserable world a better place.
DeleteOh okay, I guess I have been fed a lot of bullshit by that show "Billions" with the quant wing of the hedge fund that tries to do green/charity investments. The head quant come to think of it makes a lot of bad decisions based on emotions rather than what the equations say maximizes profit. But hey, it's a show, and showing quants being profit obsessed machines doesn't make for good tv. Well okay, I guess that's fine because I'm not going to be a quant to make a social difference, I left that when I decided to quit being a scientist. I can do good in my spare time with my unrestricted disposable income instead. I have some lawyer friends who also said to "leave your heart at the door", because sometimes they have to defend clients accused of some really heinous crimes, including child abuse/murder. But like a quant they can't pick and choose their clients, they just have to work with who their boss tells them to work with.
DeleteY'know the thing about "dirty" but not illegal money is very interesting. Only with the Russian sanctions did people start refusing to invest Russian money. But at the same time European countries have started buying more oil and gas from the Middle East rather than Russia, but they have just as poor of a human rights record. The thing you said about teachers, in that unrealistic HBO show the boss of one of the main characters said the primary objective is not to grow the money of their clients, but instead to extract as much management fees from them as possible. I suppose that's how they view all their clients, including teachers and other rich people.
Lol PhD in porn studies. Believe it or not sometimes humanities profs do study porn, but it isn't a course that many people will take in uni or want to tell their employer about. But I also have hobbies nobody would care about, like I really love dogs but I doubt anybody wants to pay to listen to me blabber on about different
Deletedog breeds and breed standards. Maybe you should write freelance journalistic articles about porn for the website VICE media. They publish a lot of articles about the seedy underbelly of society. They once wrote an article about how the Dutch government gives drugs to drug addicts. And another about how brothels closed down during the pandemic in places like Thailand or the Philippines. I dunno if they've done porn that much, but they did talk about the rise of Onlyfans and the decline of porn as a well paying gig due to internet piracy.
Yeah think about it this way: a doctor probably embraced the medical profession with the best of intentions, but what if a nasty child abuser/murderer showed up at the hospital with a huge stab wound and the doctor is told, "treat this patient?" Does the doctor get to choose whether or not to treat the patient - knowing that if they decide to spend half an hour staring at the wall, the patient will bleed to death and that's probably what that bastard deserves? Or does the doctor say, if I don't do my job, I could get into a lot of trouble with the hospital and even the police, so I have to park my feelings at the door and just do what I have to do to save the patient's life. I'm afraid as a quant, you'll be in the same situation: you have a job to do, you'll get into trouble if you don't do it well regardless of whom the end client may be. But hey, you'll earn plenty of money and you can decide to do a lot of good by supporting the charities of your choice.
DeleteHey Alex, yeah I guess that's how it is in the business world. Are you trying to tell me that you have dealt with clients whom you didn't question too much where the money came from as long as it was legal in their home country? But yeah, I am looking forward to having disposable income I can spend however I choose. Bill Gates can choose to support any charity he likes because he's a billionaire and doesn't have a boss telling him what he can/can't do with his time or money. I suppose it doesn't matter how I make my money as long as I have it and didn't obtain it illegally or in an immoral way. That's why I want to be a quant, it uses math, which I do love very much, but it pays probably the most money for math than any other job. Definitely more than academia.
DeleteNot exactly, allow me to explain how it works - there's a process called KYC AML ('know your client' 'anti-money laundry') which means all companies have to subject their new clients to extensive background checks to ensure that the money isn't dirty money, that it is legitimate. Now this KYC AML procedures are done by third party professionals with a standard doctrine to follow, it's not something I am authorized or qualified to do myself. Nonetheless, this doctrine only makes sure that the money is earned legitimately and all taxes were paid on that income. There's been a massive shooting at an elementary school in Uvalde Texas in May where 21 people were gunned down and killed, many of them young children. The gunman bought his bullets to carry out the mass murder and thus the retailer who sold him those bullets made some money from that sale. Now imagine if the directors of that arms retailer from Texas made so much money they wanted to invest some of their profits with my company, we'd subject them to KYC AML and they would come out clean as that money was made via a legitimate business in Texas and all the taxes on that income has been paid in full. At the same time, I personally believe that money has blood on it which cannot be picked up via a standard KYC AML test. That money has the blood of the children in Uvalde who were gunned down and shot with those bullets, yet as long as that investor passes the KYC AML test, most people in the banking industry would simply take that money with no questions asked. Their stance would be, it's not for us to ask question - that's what KYC AML is there for, it has a very specific purpose.
DeleteI guess the money from a bullet company is more unethical than illegal, but there are many unethical enterprises in the world. Back to the topic of this post, I heard that the reason OnlyFans at one point banned porn is because they couldn't get any capital financing from the high street banks or private equity firms. Because people in banking are very conservative and don't want to be associated with anything related to porn, similar to the SG government. But like you said, OnlyFans is a victimless crime and not nearly as dirty money as investing into Saudi Aramco or whatever company does construction for the 2022 World Cup in Qatar. I think people just pick on OnlyFans because they have less money than some worse bad actors in this world. It's easier for the Singapore government to arrest Titus Low than it is for them to decline a state visit from an Arab ruler.
DeleteHey Alex, I just had to turn down a tech internship in Silicon Valley that paid in the almost 5 figures a month in US dollars because my advisor said I couldn't leave for 3 months then come back, even though I asked to be taken off payroll to save the lab money while I'm gone. I asked the interviewer if I needed a PhD to do the full-time job, and she said yes and they did expect me to eventually finish before returning for a full time job after the internship. Sigh, I was actually hoping I could drop out and start earning immediately without the PhD. Anyway, my question to you is, would banking be any different? I would think if I passed all the math/coding quizzes for a quant job, why can't they just give me the job if it looks like I can already do it. I sometimes think for HR they just ask me to finish a PhD simply because it looks good to the management to say "I hired someone with a PhD" instead of "I hired a PhD dropout for this role."
DeleteAnother question I have is, how much does the name of my university matter in even getting an interview? I was briefly considering leaving with a masters then reapplying to finance jobs next year, but I dunno if I only got callbacks this year from finance firms because I was enrolled as a graduate student at my uni. I go to a decently ranked uni in the US(it's top 20 I suppose), and 1/3rd of the top 50 employers of our school are in finance like Goldman Sachs, Citigroup, Bain & Company, etc. I really don't like my current job, but if I had to leave I'd like to maximize my chances at getting into a good tech/finance company. And it seems for the roles I applied to that pay in the 5 figures a month, they want me to graduate within a year of me interviewing for the job. Unless you've heard cases of finance companies asking students to drop out before graduation. Like some of your coworkers didn't even go to university.
Hi there, I just got back from Wales. I think your advisor is an asshole because s/he probably wished s/he could've had that same opportunity and if s/he can't have it, s/he won't let you have it. It's ridiculous and unfair - I'm so sorry about the situation and I know it must be so frustrating. To answer your question, I have another question which is rhetorical: would you be learning something so darn precious to the job whilst completing your PhD or are they essentially (like in most cases) simply looking to hire someone very intelligent, a fast learner who can find solutions without a road map, without anyone telling them what to do and be innovative, creative and think outside the box? In 99% of cases, it would be the latter - in short, I wanna hire someone outstanding, super intelligent and talented rather than say, no no no you must complete that course because you cannot miss that module and they're gonna teach you everything you know in that module. Like for crying out aloud, you're not 12 years old. You're an adult.
DeleteAgain, the name of the university depends on the individual interviewing you. I can't give you a one size fits all answer: everyone will have a different take on the matter which will be mostly influenced by their own decisions. I don't think finance companies will ask students to drop out per se, like hello, you're not 12 years old, they're not going to tell you what to do. If I did get a candidate who's still at university and has like 15 months to go, I'll probably just gently tell them, "come back to us this time next year and let's talk them. It's way too early and premature to discuss anything at this point."
Quite frankly, the bottom line is you shouldn't think like a working class person here - let's take a working class job for example: if you want to become a bus driver, you need certain driving qualifications to prove that you're capable of driving a huge bus and that's for the bus company's insurance, they can't hire someone with a normal driver's license; to be insured as a bus driver you must be properly trained to prove that you are capable of driving a bus. Yeah in a working class job like that, we have to teach the new driver what to do in that course and that course is directly relevant to what you have to do for the bus company (ie. get the bus from A to B safely). But at your level, how much overlap is there going to be between your PhD and what you end up doing at the bank? My calculated guess is that it is going to be pretty darn low, close to 0% so I'm in two minds - one one hand, you've put in so much time money and effort into this PhD you might as well finish it. On the other hand, please don't overestimate just how much it might serve you in the future apart from being Dr Amanda and having that title - you don't need a piece of paper to prove that you're brilliant today, you've already done that so many times over.
DeleteHey Alex, many thanks for the career advice. Yeah I'm getting the feeling that the tech company didn't need my PhD, they just wanted it because it looks bad to hire a dropout, but otherwise my PhD thesis is nothing related to what they wanted me to do. Well not entirely unrelated, but what they're asking for I can already do now, else they wouldn't have given me an offer.
DeleteAnyway, regarding my boss... ugh, the reason why I don't want to be a scientist anymore is because I'm sick of his money-saving/time-saving mindset. He simply refuses to invest in anything new, just demanding people use only what they learned in bachelor's and don't spend any time learning new skills. Many times in the past year I was called out for "wasting time studying artificial intelligence", when I just landed an almost 5 figure/month job using what I learned. And when I call him out saying that us not investing in new skills means our competitors will and we'll get left behind, his excuse is "I grew up in a poor Eastern European country and did my undergrad there were we had 0 dollars to buy any equipment or books. No employers gave me any training, they just expected me to start earning immediately." It reminds me of what you said by the "working class mindset", it's not that working class people are less talented than middle/upper class people, but that its their hesitance to invest in a long term future for fear of not being able to survive short term inhibits their success. Like how working class people tend to forgo university where they will make better connections and land better jobs because they need to start working at a supermarket as soon as possible just to make rent and afford food.
Which reminds me, I actually wanted to intern to pay off a car loan super fast. I would've been able to had I taken this job. But as a backup I wanted to drive for uber on the side. However, I'm not exactly on the brink of bankruptcy, I just wanted the extra money so I'd still have sizable savings while paying off the car loan. I think considering the salaries waiting for me once I graduate, I can just live frugally now and instead of driving for uber spend more time studying for the brutal quant interview exams I need to take once I graduate. But I know I'm privileged to not have to work a low skill/low wage job part time, I do know some students who support their families overseas on their meagre US stipends, and they're more focused on the here and now than the future.
Anyway, I now realize the reason why I'm leaving science is not a problem with the industry per se, but just my advisor. He thinks he's still in Eastern Europe and tries to work people as long hours as possible, and won't invest in training/coding, not even in himself (I kick his ass at code/math despite being almost 20 years younger). I know it's sad what happened to him starting his early 20s in a poor country during a civil war, but it really doesn't help to complain our competitors at Stanford/Harvard grew up rich in America/Western Europe and were given every advantage in life compared to him whenever they do better. Frankly, complaining about that to an employee/student is very unprofessional. Regardless, it's not rocket science, our competitors are simply willing to invest all the time and money available to them instead of furiously saving. They let their money work for them, instead of only their labor. Like my advisor demands a bachelor's degree holder in engineering be as good at math as a mathematician with a PhD and 5 years extra training, despite being shit at math himself lol. I suppose in Eastern Europe they have so little resources all they can do is pray for a miracle that a genius walks in through the door and accepts low salaries.
DeleteWell, at least I know companies don't care about what I do during my PhD to give me a job haha. They only check that I can code, and that I can do math. Actually the engineer at the tech company said he didn't even care what my research was, because he could train me about the product they were making. By the way, today I actually got a phone call from that tech company saying they're sad I'm not available this year, but that they'd like to offer me a summer 2023 position if I'm free by then with the same salary. They said to let them know by the start of next year. But anyway, if my PhD research is not even relevant to get me the job interview now, I'm just gonna kick out some really low quality papers to graduate fast. Not like my advisor even cares anyway, he only wants quantity, not quality.
I saw on instagram you went to Wales to visit a farm? How was that? Was it one of your Welsh language retreats where everyone speaks Welsh?
By the way, I just have one more comment about my experience applying for internships in the US. I don't know about London and the UK, but these 5 figure/month internships don't exist in Singapore, let alone 5 figure/month entry level jobs. Not even Google/Facebook pay that much for an intern/entry level engineer in Sg. But then I realize the scope of responsibilities for a tech internship in America in Silicon Valley or a finance firm in Chicago/Boston/New York are far more than what is requested for an intern/entry level hire in SG. Like you said they wanted someone to find a solution without a roadmap. In fact the engineer who interviewed me asked "is the project you're working on something you came up with or a something someone else was working on that you inherited?" In SG interns are just simply told what to do step by step, so they're rarely paid more than $2k/month. That's why I left SG, because I felt like the jobs didn't pay much or ask much of me. But also, not entrusting interns and new hires with that much responsibility seriously stifles innovation I feel. How is SG gonna develop the next Google or Microsoft if their interns are simply told what to do by their superiors? I see why America is so innovative, because they expect a lot from their employees. I think London might offer the same type of 5 figure/month internships, at least in finance. I know many of the US finance firms have London branches which hire interns for the same roles on similar salaries.
DeleteSorry short reply as I am so tired now. But yes it's a Welsh language boot camp where I get Welsh lessons all day - it's a shorter one this time and I know the organizers well by now, so when they do something like that, I know how much work they put into it and I wanna support them, so I always make an effort to go. But my point is that there's no 'one size fits all' approach to the industry - a lot of that depends on the individual making the decision on whom to hire. So much depends on the person's individual experience, so I can only tell you what I would do in such a situation but I can't possibly speak on behalf of the industry. So personally, I think it's pointless to finish your PhD if it is totally unrelated to the job you're hired for, you're falling for the sunk cost fallacy especially since your boss is a complete asshole. However, should you listen to me? No, you should gather a bunch of different opinions from people in the industry, especially in the US, then compare the different opinions gathered and make an inform decision based on that.
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