Quote:
Originally Posted by Unregistered
Any one has any idea what's the starting pay for local mid-market IB outfits then?
Heard the CIMB IB offers only 3k+ per month for analyst with potenial large bonus...can it really be that low?
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Yes. CIMB, DBS, Kim Eng etc are local brokers, not bulge bracket investment banks. They can't attract top foreign grads, so they usually recruit undergraduates from local U. However, usually only the top local grads can get analyst jobs. Typical starting salary is simply what local grads start at around $2-3K/pm. However, if you are good, it could double within a year. However, to get the super salary, you need to make a name for yourself to get a chance to get into bulge bracket, since they don't typically hire analysts from local U (some of them will take in a RA from local U)