Originally Posted by Fresh Entry Analyst

Dear Guest (11:13 AM 24/5/10)

I have a very close friend whose internship renumeration package, stress INTERNSHIP (i.e. 3rd year local university student, thus NO bonus. Just basic pay.), is worth S$9,000 (9k) per month in Private Wealth Management. I cannot and will not say which bank, but it's one of the Bulge Bracket Banks, if you know what I mean. As a matter of fact, it is true that it seems ridiculous to non-bankers, BUT it is not abnormal in the highly lucrative front-office investment banking&private banking.

In my case, I'm not paid as well as my friend despite being a graduate. However, I will get bonuses, and that will make my first year's package to be worth at least S$100,000 (100k) at the end of the first 12-months cycle, and this is the norm in this industry. Thus, S$250k for 3 years' worth of experience is perfectly credible too.