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Old 28-05-2011, 09:12 PM
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Originally Posted by Unregistered View Post

Typical starting salaries for for higher potential graduates in banks are as follows:
- Management Associate (Local Bank) : S$3-4k
- Management Associate (Foreign Banks) : S$4 - 5k
- I-banking / Treasury Analyst (fresh grad) : S$8-10k
- I-banking / Treasury Associate (MBAs) : S$10-13k
Sorry, base on my experience this is definitely not true.

Management Associate can be $3-4k, but many of them are on 12 month basis. So if you convert to 13 month it's only $2.8-3.5k, this is not very different from most management trainee program in big companies / civil service. In short, if one is so good that can get into hipo programes in big companies, joining a bank doesn't really add anything in terms of starting salary.

Up to 5k for foreign banks I am very sceptical. Maybe some niche positions, but definitely not a general starting pay. Treasury Analyst are paid rather high, but 8-10k sounds way too high for a fresh grad, more like 6-8k if you ask me.

As for MBAs, salary range is more like 3-30k. It kind of depends on your previous experience and what kind of MBA it is.

I know is not good to generalize, but then hor something I want to say is many banking people really like to hao lianz one. They will seldom tell you how much they earn exactly, but will always do or say things indirectly that imply some sort of very high number. This one from my observation, no offense intended to any particular persons. So if you are hearing things especially about pay & bonus from banking dudes, take it with a barrel of salt!
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