High Finance Thread - Page 24 - 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
  #231 (permalink)  
Old 17-05-2021, 07:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Is this for FO? What about the AUM ? is 4.5k all in ? That sounds pretty low man...
didnt make it into big firms, bopian. 4.5k not all in, still got pb

Reply With Quote
  #232 (permalink)  
Old 18-05-2021, 11:45 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anyone knows the salaries for investment analysts in single manager hedge funds?
0-2 years experience
Honestly it can vary tremendously, from as low as 3k to as high as >10k. Many of these HF managers just need a guy to churn Excel and BBG data for them, they have little incentive to pay high.

Reply With Quote
  #233 (permalink)  
Old 18-05-2021, 02:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Honestly it can vary tremendously, from as low as 3k to as high as >10k. Many of these HF managers just need a guy to churn Excel and BBG data for them, they have little incentive to pay high.
"just need a guy to churn Excel and BBG data for them, they have little incentive to pay high"

this sounds like most jobs in high finance HAHA

Reply With Quote
  #234 (permalink)  
Old 02-06-2021, 07:46 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
"just need a guy to churn Excel and BBG data for them, they have little incentive to pay high"

this sounds like most jobs in high finance HAHA
Indeed lmao

First 2 years of IB is learn everything from the lawyers. From then on is watch the junior analyst learn and then correct if they wrong. Repeat and rinse
Reply With Quote
  #235 (permalink)  
Old 02-06-2021, 09:25 PM
Unregistered
Guest
 
Posts: n/a
Default Seeking advice

6 years working experience, first as a Sec sch math teacher and then in various policy roles in in civil service. Math degrees and Masters and was a govt scholar but I know all this don’t really count for much. Have some tech skills like coding and data visualisation. Looking to switch to banking/finance industry as a mid career. Decided to take CFA and now studying level 2. Quite like what I’m learning as well as do my own investing on the side.

1. What are the prospects for a mid career like me who has no prior relevant experience? Will it be as if I’m a fresh grad?
2. What other skills do I need to beef up in my CV?
3. My current salary is about 100k. Will I expect to take a cut when I make the jump?

Thanks!
Reply With Quote
  #236 (permalink)  
Old 06-06-2021, 10:23 AM
Unregistered
Guest
 
Posts: n/a
Default

has anyone worked in M&G investments? am curious about culture, pay and progression. online reviews paint a slightly worrying picture. thanks
Reply With Quote

  #237 (permalink)  
Old 06-06-2021, 11:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
has anyone worked in M&G investments? am curious about culture, pay and progression. online reviews paint a slightly worrying picture. thanks
m&g real estate? if yes its pretty sh*t. wouldn’t call it high finance
Reply With Quote
  #238 (permalink)  
Old 06-06-2021, 12:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
m&g real estate? if yes its pretty sh*t. wouldn’t call it high finance
were you in real estate origination or portfolio management? the role im looking at is in core investments not specific to re.

why was it ****?

would be keen to connect privately and chat! thanks
Reply With Quote
  #239 (permalink)  
Old 06-06-2021, 12:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
were you in real estate origination or portfolio management? the role im looking at is in core investments not specific to re.

why was it ****?

would be keen to connect privately and chat! thanks
to clarify it's M&G and not M&G real estate
Reply With Quote
  #240 (permalink)  
Old 06-06-2021, 06:01 PM
Unregistered
Guest
 
Posts: n/a
Lightbulb

If you want to find salary ranges for global banks in Singapore, the information is freely available if you do a proper search for them. The popular website efinancialcareers also regularly publishes its own finance salary surveys of various global cities, including Singapore. Two examples are the following:
w.efinancialcareers.hk/news/2019/08/how-to-earn-125k-in-singapore-banking-three-years-after-you-graduate

w.efinancialcareers.hk/news/finance/this-is-what-your-investment-banking-salary-should-be-in-singapore

There are also various job postings by international banks on the Singapore government website - mycareersfuture - where they are required to list the salary on offer. A few FO postings are the following:
Analyst (min 1y experience) for $7.5-$10k/month - Goldman:
w.mycareersfuture.gov.sg/job/banking-finance/global-markets-ficc-asian-em-macro-trader-analyst-goldman-sachs-d57a9f86761594f1daa5a6ed9cc30d0d?source=MCF&event= SuggestedJob

Associate-VP (min 5y experience) for $15-$24.6k/month - SocGen:
w.mycareersfuture.gov.sg/job/banking-finance/fx-sales-regional-banks-societe-generale-dfc1c846a5eb4f8a6ae544ab4ce61751

VP-Director (min 8y experience) for $17-$26.7k/month - Nomura:
w.mycareersfuture.gov.sg/job/banking-finance/vice-president-%E2%80%93-fx-options-quant-global-markets-nomura-singapore-898371c1c39fab7b32a99a3a8f96a262

VP-ED (min 7y experience) for $15-$30k/month - JPM:
w.mycareersfuture.gov.sg/job/banking-finance/cib-credit-portfolio-trading-vice-president-jpmorgan-chase-bank-na-69132ef780eda32f9444f32e51848163

VP-ED (min 8y experience) for $17.5-$35k/month - Goldman
w.mycareersfuture.gov.sg/job/banking-finance/global-markets-ficc-sea-solution-sales-executive-director-goldman-sachs-035dfa48140bdcbd50b24337a5e8b880?source=MCF&event= RecommendedJobJD

Based on these various surveys & job postings, I would characterise the FRONT OFFICE base salary ranges at global banks as follows:
Analyst: $7-$12k/month
Associate: $12-$20k/month
VP: $15-$30k/month
ED/Director: $25-$40k/month

The ranges can be wide with overlaps across ranks even within the same bank. I have been in the industry for over a decade, and I know that the salary ranges depend on your years of experience (many people are stuck at the VP level, sometimes for their entire career but they might still get salary raises), how much the bank wants/needs you (i.e. your skills and/or contacts), how well you negotiate (and you need to do this every year with your boss), and if you change jobs every several years (in the end, you can probably get a better increment if you find a job with a competitor).

The key to a rewarding banking career is longevity. Get to a Director level (say in around 9-12 years), or even better MD level, and stay there for 10+ years making over $500k in total comp per year over that time (perhaps even well over).

Assuming you already bought a house/condo (with mortgage) while a VP, and being able to make a good income as Director/MD for more than a decade, you can then retire comfortably in your mid-late 50s if you wish. If you are posted to an overseas posting during that time, say London or NY or HK, you may even have a second home in one of these places by then.
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
SIM-UOL Degree in Econs/Finance or Accounting/Finance Shenanigans Income and Jobs 7 05-03-2023 01:08 PM
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

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,833 Replies, 6,665,225 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,043,823 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,308 Replies, 4,982,880 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,234 Views
GovTech ( 1 2 3... Last Page)
5,160 Replies, 2,163,336 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,550 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,541 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,368 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,362 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,630 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,991 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,769,866 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,454,684 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,074 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,869 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,794 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,913 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,328,826 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,309 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,525 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,153 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,423 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,497 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,403 Views
MX12 reappointed at MX11
8 Replies, 802 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,474 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,038 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,951 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,536 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,274 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:25 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2