Quote:
Originally Posted by Unregistered
You have some misunderstanding. You sound as if you are the one who should be thinking whether to accept their program. In real life, it's more like you begging them to accept you and they take their time to choose the best 5 among 2,000 applicants.
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Ok it's not easy to get in. We get your point, and there is no need to be an arrogant prick about it. Anyway you hv not answered his question.
Anyways, back to the question.
Diff banks have diff pay scales. If you are talking about the management associate programmes, believe local banks are paying about $3.5k to $4k. Foreign houses like citi and HSBC may be at c $4.5 to $5k. Again there are diff programmes, so u need to do your own research. Back office ops may pay less. Front office ib or cap mkt will pay more (ie db pays c $10k for ib analysts).
The better programmes are usually not easy to get in and the typical profile of a successful candidate will be min 2nd upper (often first), strong in some cca (sports captain, queen scout, national team), at least 3 to 5 high quality internships and of course good interviewing skills.
So go in w your eyes open. And if you hv any contacts at all within the industry, make full use of them and their contacts. The back door way is probably easier, if you hv such access.