High Finance Thread - Page 13 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




High Finance Thread

Reply
 
Thread Tools
  #121 (permalink)  
Old 30-08-2020, 11:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am a undergraduate student with internship experience in project finance and structured finance with smaller international banks.

Does anyone know if the project finance/structure finance is under IB or corporate banking in BB? cos I saw in some banks it is under IB while others is under corporate banking.

I do not want to go IB, greatly appreciated if anyone could point out some of my potential career paths!
So you have worked in project finance and structuring which means you at least have an idea of what the job entails. Does it matter if it's under IB or CB?

Reply With Quote
  #122 (permalink)  
Old 09-09-2020, 10:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Ib analyst here
looking to exit into am/pwm

How much has demand for pwm grown in Singapore since the hong kong security law was passed

Reply With Quote
  #123 (permalink)  
Old 10-09-2020, 07:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Ib analyst here
looking to exit into am/pwm

How much has demand for pwm grown in Singapore since the hong kong security law was passed
If you have to ask, you aren't reading enough boy.

Reply With Quote
  #124 (permalink)  
Old 10-09-2020, 08:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Hello all! Was wondering, what are some of the differences between the MA Programmes in local banks (FO) and the Graduate Programmes (Back Office) in the foreign banks? From what I understand, the starting salary seems to be similar, but what about the culture/ working environment, career progression, pay progression and bonus? Thanks in advance!
Reply With Quote
  #125 (permalink)  
Old 12-09-2020, 04:44 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello all! Was wondering, what are some of the differences between the MA Programmes in local banks (FO) and the Graduate Programmes (Back Office) in the foreign banks? From what I understand, the starting salary seems to be similar, but what about the culture/ working environment, career progression, pay progression and bonus? Thanks in advance!
Batch of 2017 here. Fortunate enough to successfully breeze through my graduate programme with a BB.

I have uni friends who went through the similar track (MO Risk) but under graduate schemes with local/SEA-centric banks. Right of the bat I feel that during the early stages, the programme at BBs are more structured than local banks; the deliverables, learning & development, HR support etc. are way more superior.

To give you an example, in the first 3 months after induction, I was placed under a bi-weekly session in working my way to get GARP credentials on top of the general in-house training by HR. My local bank friends on the other hand were already shadowing senior analysts/doing grunt work.

I eventually started doing grunt work too but by the time I was officially perma’d to a department, I dare say my fundamentals are way better than my local bank counterparts.

Now fast forward 3 years, BB has a strong hire/fire culture that is solely performance based. The salary and bonus is great but informal performance reviews happen every quarter!
Reply With Quote
  #126 (permalink)  
Old 12-09-2020, 09:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Thank you! That is really insightful! May I ask how is the career progression at BB BO? Do BB graduate programs have a lot of training / personal development opportunities? And are there any internal transfer opportunities to MO for good performers?
Reply With Quote

  #127 (permalink)  
Old 13-09-2020, 12:37 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thank you! That is really insightful! May I ask how is the career progression at BB BO? Do BB graduate programs have a lot of training / personal development opportunities? And are there any internal transfer opportunities to MO for good performers?
Please do not take mo as a higher tier than Bo. Both falls under operations, and paid the same bracket, just different work. For eg. An MO checks accuracy of trades booked, a BO keys in account information to settle the trade. I'm in FO myself, I would take dbs FO than a BB BO. An fresh grad FO role in a decent bank draws the same salary as a newly promoted VP in operations (BO/MO). You see the money you make for the bank whereas in bo/MO you are on a factory line.
Reply With Quote
  #128 (permalink)  
Old 13-09-2020, 06:00 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Please do not take mo as a higher tier than Bo. Both falls under operations, and paid the same bracket, just different work. For eg. An MO checks accuracy of trades booked, a BO keys in account information to settle the trade. I'm in FO myself, I would take dbs FO than a BB BO. An fresh grad FO role in a decent bank draws the same salary as a newly promoted VP in operations (BO/MO). You see the money you make for the bank whereas in bo/MO you are on a factory line.
BB MO Fresh earns slightly more than Local Bank FO Fresh though.

Fresh VPs in BB MO command around 11-13k base depending on the bank
Reply With Quote
  #129 (permalink)  
Old 13-09-2020, 09:01 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
BB MO Fresh earns slightly more than Local Bank FO Fresh though.

Fresh VPs in BB MO command around 11-13k base depending on the bank
Again, don't split MO/BO, they are in the same salary bracket. I don't know which bank you are from, and why you think MO makes more than BO.. This is a common misconception so I don't blame you. I am in a BB now and was from another BB earlier. An ops FRESH VP base is only 8k -9.5k per month. A fresh grad analyst in FO is 10k. During my first year in FO, full one year compensation was 165k including bonus. An ops VP old or new collects maximum 2 months, and on average 1 month bonus across the board. I know because we invite ops managers for drinks yearly to thank them for the support. I have been in this line for 6 years, don't let the AVP/VP title fool you, there is a reason why FO salary is called superscale.
Reply With Quote
  #130 (permalink)  
Old 13-09-2020, 09:06 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
BB MO Fresh earns slightly more than Local Bank FO Fresh though.

Fresh VPs in BB MO command around 11-13k base depending on the bank
Also FYI, BB MO fresh grad through MA, is equivalent to DBS FO = 60k per year. But considering this FO dude jumps into a BB FO which is not difficult, long run he will make many times more than the guy staying in BB OPS
Reply With Quote
Reply

Bookmarks

Tags
finance, fund management, ibd, m&a, pevc

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Official Lasik/ Relexsmile Thread shirlyn General Discussions 1 18-06-2016 06:33 PM
Household Expenses Breakdown Thread mugster Income and Jobs 10 21-10-2015 09:01 AM
The Gem of UK property (High yield, High Growth, Positive cash flow) newsgprop Market Talk 4 12-01-2015 12:03 PM
UNISIM Alumni thread Gradsoon Income and Jobs 3 25-02-2014 04:38 AM
SIM-UOL Degree in Econs/Finance or Accounting/Finance Shenanigans Income and Jobs 3 07-07-2012 12:41 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,651 Replies, 1,278,697 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
80 Replies, 22,475 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,689 Replies, 4,353,517 Views
Lawyer Salary ( 1 2 3... Last Page)
13,701 Replies, 4,608,344 Views
Jumping from Stat Board into...
2 Replies, 214 Views
Asset Management Salary ( 1 2 3)
26 Replies, 3,537 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,848 Replies, 608,373 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,011 Replies, 521,513 Views
Career as Teacher ( 1 2 3... Last Page)
4,004 Replies, 2,500,586 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,061 Replies, 2,523,141 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,913 Replies, 1,748,763 Views
Compare civil service salary ( 1 2 3... Last Page)
12,577 Replies, 7,343,412 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
83 Replies, 134,026 Views
UOB Management Associate Program ( 1 2 3... Last Page)
438 Replies, 274,743 Views
Banking - Back Office ( 1 2 3... Last Page)
239 Replies, 159,404 Views
Citibank Singapore ( 1 2 3... Last Page)
135 Replies, 100,048 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
632 Replies, 139,911 Views
IMDA (under MCI) ( 1 2 3... Last Page)
114 Replies, 57,470 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,750 Replies, 1,410,846 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
233 Replies, 108,627 Views
ST Electronics ( 1 2 3... Last Page)
2,332 Replies, 572,226 Views
business analyst
1 Replies, 2,784 Views
Perm to contract, increase > 2k... ( 1 2 3... Last Page)
31 Replies, 4,332 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,516 Replies, 731,550 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
625 Replies, 98,688 Views
DBS tech seed programme ( 1 2 3... Last Page)
867 Replies, 222,259 Views
HDB (under MND) ( 1 2 3... Last Page)
458 Replies, 369,963 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
735 Replies, 199,014 Views
Anyone work in AVA Animal Health... ( 1 2)
14 Replies, 8,933 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,022 Replies, 738,150 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:24 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2