Originally Posted by Unregistered

Sorry if it is not obvious enough that the salaries are that of investment bankers. I'm not referring to the IT or Ops guy working in investment bank. I'm referring to the ECM, DCM & Corp Fin guys.

M&A deals and S&T volumes are dwindling. So the bonus are crap but do you know what's the base pay of a fresh grad investment banker? (i.e analyst. Look at the MS numbers, they are the only one with analyst data pt) S$10-12k. (Citi, JPM, Goldman, SCB, DB, Macquarie, CS, UBS, BOAML) Guess what, on top of that S$10-12k, there is also a S$2k+ housing allowance (ask you friend at Citi, he will tell you) for some of the houses.
So there's nothing inaccurate about the "freaking figures" I had quoted.