Finally have your history - you sound like that rude chap on the Cornell/
SMU thread.
I'd agree and say that at $305K, you're underperforming in banking in your mid-30s given that you've been in banking your whole life. Not seriously underperforming, but mediocre enough that at the level where if the global banks start to cut back, you could on the pink slip line again.
Don't forget your rise in base is probably not your performance but the Dodd Frank increases so I would be circumspect about the $120K bonus projection this year...
Don't mind if you'll restrain the rudeness a little when you respond (if you're the other guy. if not sorry) Lets keep it civil.
Quote:
Originally Posted by Unregistered
My increment is actually quite fast, and furious, and real. i work in a bank (yes real bank with a real job, and real pay)
All figures in SGD or SGD eq on annual basis
2004: grad with local undergrad+master and started at base of 40.6k and pro-rated half-year bonus of 8k
2005: was promoted and base up 11.7% to 45.6k and full year bonud at 18k
2006: base unchange and no bonus cos i left in May
2006-2007: student again
2007: work for a new firm in nyc. sign on bonus 50k usd, base 95k usd, half year stub year 25k usd
2008: base unchanged at 95k usd, no bonus cos i left in June
2008: back in SG working for another bank, base 110.4k, half year stuf bonus 40k
2009: promoted at mid year, base up 20% to 132.5k, full year bonus 92k; sideline business 15k
2010: promoted again end of 2009 but base unchanged, full year bonus 100k; sideline business 22k
2011: base up 10% to 145k, full year bonus expected 120k; sideline business expected 40k
So my base is up from 40.8k to 145k in 7 years, that's 19.8% per annual on geometric average. Total comp from 48.6k to (expected) 305k, or 30% per annum.
I think I am lucky, but I think I should make 500k a year, at least.
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