Quote:
Originally Posted by Unregistered
Your numbers dun even make sense. You say those 5yrs exp & below make <3k, but suddenly those in late 30s (I assume 10 - 15 yrs exp) make >20k. So a typical guy joins as private banker for the 1st 5 years as a loser who can't even make 3k and suddenly in the next 10 years become superstar rise to >20k?
While many junior private bankers do play a more support role, because of the complexity of the products as well as the type of client they are dealing with, it requires far more technical and soft skills expertise compared to a normal fresh graduate executive that make easily $3k+. No way anyone's gona stay as a private banker up to 5 years for <3k and 2 months bonus.
Are you sure you not confusing private banker with salesman (aka consumer banker / wealth banker)?
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Hi hi... i went throught the path as a MA or ARM, in a swiss bank, the starting pay was around 2.7k then, 2001, so its really below 3k. of course these days maybe alittle bit more for the starters. Then, to be promoted to a junior client advisor, you need to slog for 3yrs to even 5-6yrs before you get a chance to prove yourself. And yes, there are ex-colleauges who had stayed and waited for4-5years before they gotten their opportunity to be an advisor. Maybe you reach Associate director 8-10k, Director 12-15k,Exe Director >15k in the next 5-7years after MA.
pay can indeed jump very fast.