03-06-2021, 09:56 PM
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Quote:
Originally Posted by Unregistered
5 coming 6 YOE. Comp is slightly >100k, excluding bonuses. The narrowest definition of BB usually refers to GS/JPM/MS because of their investment banking capabilities, and I am working/have worked at some of these.
GS has 2 offices: One Raffles Link and Mapletree Anson (both in CBD)
JPM has 2 offices: Capital Towers (CBD) and One@Changi (Changi Business Park)
MS has 1 office: Capital Square (CBD)
Agree, *only a small handful* MOs sit with the desk, not all. Reason being, the trading desks in Singapore are way smaller compared to that in HK (In all 3 banks, their APAC headquarters is HK, and not Singapore). Hence we are in a situation where most of the FO are in HK, yet most of the MO/BO are in SG.
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Just a funfact: trading desk risk can be both an FO or MO/BO function (ie they get FO pay or BO/MO pay respectively). And as previously mentioned, trade support need not sit with the sales/traders to do their jobs, and banks realize this. In large investment banks with many product offerings, it makes more sense to put 2 different trading desks together rather than an FO+MO combination. Reason being, their trading business is so mature, such that 1 good way of capturing more revenues from existing clients, is to offer cross-asset/product solutions (hence need for multiple desks working together)
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That’s not bad at all. Are you verging on VP? Am curious to know the average bonuses at some of these BBs as well if you don’t mind sharing!
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