Fresh Grad with Masters starting salary in banking

[Novice]

I have a first in Economics from OxBridge and a Masters in Finance from a US top 10 university. I have a few job offers in banking. What compensation package should I expect?

Standard salary from a bulge bracket investment bank (e.g., Goldman, Deutsche, CS) for a "grad" with MBA (e.g., Harvard, Wharton) would be USD100K and a 6 month bonus for the first 1-2 years. If you work in corporate finance, ECM or institutional equities (best to start in research), be prepared to work at least 14-18 hrs a day and travel globally. About half or less of the grads survive the first two years. After about 2 years, you can pull a larger bonus, say 1-2 years and base will rise to about USD150K+, particularly if you get your first promotion to VP from Associate.

Originally Posted by Novice

I have a first in Economics from OxBridge and a Masters in Finance from a US top 10 university. I have a few job offers in banking. What compensation package should I expect?

I assume you are looking at Front Office role and you have no prior banking experience. You should at least expect SGD 100k p.a. in base salary for a start. Of course, depending on how you negotiate and what kind of banks (tier 1 investment bank) are offering, I will not be surprised if you can get SGD 120k p.a. or more!

Good luck. But what you are paid is what is expected of you.

Any one has any idea what's the starting pay for local mid-market IB outfits then?

Heard the CIMB IB offers only 3k+ per month for analyst with potenial large bonus...can it really be that low?

Originally Posted by Unregistered

Any one has any idea what's the starting pay for local mid-market IB outfits then?

Heard the CIMB IB offers only 3k+ per month for analyst with potenial large bonus...can it really be that low?

I am not sure what qualifications you have. But my friend is a fresh grad who is going onto a management associate position with a local bank is getting 4k base

Originally Posted by Novice

I have a first in Economics from OxBridge and a Masters in Finance from a US top 10 university. I have a few job offers in banking. What compensation package should I expect?

u from princeton or mit? cambridge chemical engineering...

i m servig institutional client in research and i get 1.6k a mth...so dune xpect too much

Originally Posted by Unregistered

u from princeton or mit? cambridge chemical engineering...

i m servig institutional client in research and i get 1.6k a mth...so dune xpect too much

you're probably an intern. but then again, interns in bulge bracket firms make 5-10k.

Originally Posted by Unregistered

Any one has any idea what's the starting pay for local mid-market IB outfits then?

Heard the CIMB IB offers only 3k+ per month for analyst with potenial large bonus...can it really be that low?

Yes. CIMB, DBS, Kim Eng etc are local brokers, not bulge bracket investment banks. They can't attract top foreign grads, so they usually recruit undergraduates from local U. However, usually only the top local grads can get analyst jobs. Typical starting salary is simply what local grads start at around $2-3K/pm. However, if you are good, it could double within a year. However, to get the super salary, you need to make a name for yourself to get a chance to get into bulge bracket, since they don't typically hire analysts from local U (some of them will take in a RA from local U)

Originally Posted by Unregistered

I am not sure what qualifications you have. But my friend is a fresh grad who is going onto a management associate position with a local bank is getting 4k base

management associate is different from an analyst position. a management associate usually is one of the top recruits, and they are typically rotated around departments. kind of like your new "high flyer" hence the higher salary.

type typical local bank analyst fresh from university would get about $2.5K

Originally Posted by Unregistered

Yes. CIMB, DBS, Kim Eng etc are local brokers, not bulge bracket investment banks. They can't attract top foreign grads, so they usually recruit undergraduates from local U. However, usually only the top local grads can get analyst jobs. Typical starting salary is simply what local grads start at around $2-3K/pm. However, if you are good, it could double within a year. However, to get the super salary, you need to make a name for yourself to get a chance to get into bulge bracket, since they don't typically hire analysts from local U (some of them will take in a RA from local U)

CIMB actually pays quite well once you move up the ranks. The base is lower than the BBs but heard the bonus is very good.

I heard their average bonus in one year for their corporate finance team was 2-yrs, with the top guy getting 8-yrs bonus.

not a bad gig at all... but as with most FO roles, not that easy to get in