Business Times reported that financial institutions are paying more in salaries to attract talent.

A survey conducted by Morgan McKinley, a banking and finance recruitment consultancy, shows that intermediate-to-senior product controller and project manager hires are the best paid, at $120,000 to $175,000 per year excluding bonuses.

Overall, back office and middle office staff have seen an average pay rise of 15%.

25 financial institutions participated in the survey, including investment banks, private banks and hedge fund houses.

http://www.salary.sg/2007/high-pay-f...ions-recruits/