Originally Posted by Unregistered

dont want to burst your bubble but SG$12k-14k is the starting pay for investment banking fresh grads at most bulge brackets like jpm ms gs barclays ubs cs and even MMs like hsbc don't pay too far off. it is the industry standard. the previous poster was likely referring to a sales person (probably a senior personal banker at a retail bank, or perhaps an A3/associate working in the sales and trading division of a bulge bracket). investment banking does pay among the top of all salaried jobs in the universe... an acquaintance of mine got poached 2 years out of university from a bulge to a top boutique, think HL/greenhill/moelis. slightly over 20k monthly, base.

the previous posters are right that you can easily retire in your mid 30s comfortably if you lead a normal lifestyle, you don't even have to be frugal. but i don't think it ever happens cuz young ppl these days just want to show off. and showing off is the only way you get to hang with the big boys, especially if you wanna be in IBD for the long haul.