Quote:
Originally Posted by Unregistered
As I said, these are IB comps and not reflective of everyone in the finance industry. Just a small handfull so take it with a pinch of salt.
How I got it? Those in the industry share these data which are pooled and circulated to via email. This is done annualy and we used it as a comparision to make sure we are not cheated or simply to bench-mark how we have performed relative to our peers.
Some may even use it as a negotiation tool. I think you should be the one to wake-up. Obviously you know nothing.
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Go back and look at what u typed. No where did u mention it's only "a small handful" or that your figures are only for the front office. Only after u kena exposed, then u mentioned "small handful". The IB ops associates/analysts are not making the freaking figures u quoted.
From your posts, it's quite obvious u're not working in an IB nor "in the market", so to speak. Reasons being:
1. Front office bankers are faced with lack of M&A deals. S&T volumes are dwindling. Euro is uncertain. IBs will continue to cut people across the globe. Nobody from front office will not come out and post those figures which u did, and add that they are in "USD, not SGD"
2. U're oso not working in IB back office, because all IB ops guys know that their functions are increasingly being shifted offshore to cheaper countries like India etc. Many of them got 0-3 digit numbers for their bonuses last year. Times are bad.
So I don't know why u quoted those numbers (which only apply to the top 5-10% in banking anyway) to show our engineer friends. Sorry, just felt that your numbers are quite misleading...