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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)
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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