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  #281 (permalink)  
Old 10-09-2021, 05:51 PM
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Hey, you'll need to further narrow down into scope (FO/MO/BO) and the tier of the bank (BB, boutique, local)
Iím looking at FO, BB

Investment Banking / sales and trading / asset management
Whatís the starting pay like nowadays and what should one roughly expect to earn in 5 years?

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  #282 (permalink)  
Old 11-09-2021, 05:05 PM
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Originally Posted by Unregistered View Post
I’m looking at FO, BB

Investment Banking / sales and trading / asset management
What’s the starting pay like nowadays and what should one roughly expect to earn in 5 years?
For BBs & some other MMs, IB & S&T pre 2021 (there was recently a raise) both pay fresh grads a base salary of 9.5-10k/mth, with bonus ranging quite widely. This much I can personally confirm from my own experience, though there will be a raise to somewhere around 11-12k/mth for 2022 fresh grads & summer interns.

Heard stories of IBD bonuses hitting up to 100-120% of base for top buckets at stronger banks, but the norm is likely slightly below, maybe 80%? S&T bonuses tend to be a bit lower on average, given that they work 60-70% of IBD hours, have heard stories of 40-60% base being the norm. But these bonus stories are just based on hearsay, I haven't received my first bonus yet. Still, yearly all-in compensation (pre-raise) should have been safely about 200k++ for IBD, and 160k++ in S&T.

In 5 years, associates/AVPs should expect to more or less have doubled their total comp, but variance will be a bit high. For example, a good trader could possibly have already been made VP and be managing 10++m of PnL yearly, while many others could be getting mediocre bonuses due to poor performance, meaning they are likely to leave/be culled soon. Can't give meaningful figures here, as simple average figures are vulnerable to survivorship bias.

Don't know how much AM pays in Singapore

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  #283 (permalink)  
Old 11-09-2021, 05:11 PM
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Does anyone know how the EB banks do in Singapore? Am a student at a top UK/US target, and generally EBs pay 20-40% more than BBs in NYC/London. But I heard stories from my local university friends that EBs are quite weak here due to limited M&A dealflow, hence they pay significantly below BBs. Can anyone confirm what typical yearly EB all-in salaries are like here, and preferably by bank? Thanks!

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  #284 (permalink)  
Old 11-09-2021, 05:35 PM
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Originally Posted by sampz View Post
For BBs & some other MMs, IB & S&T pre 2021 (there was recently a raise) both pay fresh grads a base salary of 9.5-10k/mth, with bonus ranging quite widely. This much I can personally confirm from my own experience, though there will be a raise to somewhere around 11-12k/mth for 2022 fresh grads & summer interns.

Heard stories of IBD bonuses hitting up to 100-120% of base for top buckets at stronger banks, but the norm is likely slightly below, maybe 80%? S&T bonuses tend to be a bit lower on average, given that they work 60-70% of IBD hours, have heard stories of 40-60% base being the norm. But these bonus stories are just based on hearsay, I haven't received my first bonus yet. Still, yearly all-in compensation (pre-raise) should have been safely about 200k++ for IBD, and 160k++ in S&T.

In 5 years, associates/AVPs should expect to more or less have doubled their total comp, but variance will be a bit high. For example, a good trader could possibly have already been made VP and be managing 10++m of PnL yearly, while many others could be getting mediocre bonuses due to poor performance, meaning they are likely to leave/be culled soon. Can't give meaningful figures here, as simple average figures are vulnerable to survivorship bias.

Don't know how much AM pays in Singapore
Thanks for the information. What about local bank IB comp?
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  #285 (permalink)  
Old 11-09-2021, 11:54 PM
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Thanks for the information. What about local bank IB comp?
Worse than PwC Corporate Finance
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  #286 (permalink)  
Old 12-09-2021, 12:41 PM
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Thanks for the information. What about local bank IB comp?
Do local banks even have an IBD??? Honest question here
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Old 12-09-2021, 01:01 PM
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Do local banks even have an IBD??? Honest question here
Yes, but they're stronger in ECM.
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  #288 (permalink)  
Old 12-09-2021, 01:01 PM
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Worse than PwC Corporate Finance
Thanks. Any rough estimate for analyst/associate levelsp


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  #289 (permalink)  
Old 12-09-2021, 01:43 PM
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Thanks. Any rough estimate for analyst/associate levelsp
Analyst 60k
Associate 90k
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  #290 (permalink)  
Old 12-09-2021, 05:47 PM
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sorry. may i know what is really high finance ?

Are these hedge fund manager ? your KPI is based on the ROI of the fund under management which resulted in the high earning/bonus payout ?

Apart from that, as BO or MO, i suppose is about support, providing analysis, risk management, compliance related stuff. Why would company pay a high annual package for them ?

i might be wrong, wish to understand more about "high finance".
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