High Finance Thread - Page 30 - 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
  #291 (permalink)  
Old 12-09-2021, 06:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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".
You are right. Most of the BO and MO guys don't get paid anywhere near what was quoted. In fact many BO or MO esp in less prestigious firms may not even touch $10k p.m. even after 10 years of experience. Unless one has skill which are very rare or in demand, like quants. Even if you are paid a big sum of money, you will be constantly be in fear of losing your job since competition is great from foreigners esp folks from India who are younger, faster, smarter and most importantly cheaper.

Reply With Quote
  #292 (permalink)  
Old 12-09-2021, 07:58 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are right. Most of the BO and MO guys don't get paid anywhere near what was quoted. In fact many BO or MO esp in less prestigious firms may not even touch $10k p.m. even after 10 years of experience. Unless one has skill which are very rare or in demand, like quants. Even if you are paid a big sum of money, you will be constantly be in fear of losing your job since competition is great from foreigners esp folks from India who are younger, faster, smarter and most importantly cheaper.
If you really think the average ceca is smarter than you, then you deserve to lose your job to them

Reply With Quote
  #293 (permalink)  
Old 12-09-2021, 08:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
If you really think the average ceca is smarter than you, then you deserve to lose your job to them
They may or may not be smarter than Singaporeans. But they are definately cheaper, faster, politically astute and more importantly complain much less than singaporeans.

Reply With Quote
  #294 (permalink)  
Old 13-09-2021, 08:17 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
They may or may not be smarter than Singaporeans. But they are definately cheaper, faster, politically astute and more importantly complain much less than singaporeans.
And they are more numerous. They can feed 3 villages with the salary paid to 1 singaporean
Reply With Quote
  #295 (permalink)  
Old 13-09-2021, 08:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Any lawyer turned IB/PE analysts? Curious to find out if the transition is welcomed by the high finance industry.
Reply With Quote
  #296 (permalink)  
Old 13-09-2021, 11:27 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
They may or may not be smarter than Singaporeans. But they are definately cheaper, faster, politically astute and more importantly complain much less than singaporeans.
Cheaper? For sure.

Faster in terms of what? I have seen lazy and slow cecas too. Whether they pretend to be slow is another matter.

Politically astute... Agree with this. The average sinkie is retarded in managing office relationships.

Complain less. Not sure if this is a good thing. It means you will be willing to kio sai and be undercut.
Reply With Quote

  #297 (permalink)  
Old 14-09-2021, 10:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
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 this, this is insightful, seems like high finance is still relatively competitive compared to tech


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #298 (permalink)  
Old 15-09-2021, 09:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Any lawyer turned IB/PE analysts? Curious to find out if the transition is welcomed by the high finance industry.
At early level yes, but if you wait too long it will be tricky situation as they will not hire you into senior position, but you will be dumb to accept entry position in your 30s or so too.

The latest you can try to join is as MBA Associate, have 3 years or so of professional experience under your belt, do an MBA and land an MBA Assoc position in IB.

IB in itself doesn't require much specialized knowledge (just general intelligence) and legal skills are welcomed.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #299 (permalink)  
Old 15-09-2021, 11:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Cheaper? For sure.

Faster in terms of what? I have seen lazy and slow cecas too. Whether they pretend to be slow is another matter.

Politically astute... Agree with this. The average sinkie is retarded in managing office relationships.

Complain less. Not sure if this is a good thing. It means you will be willing to kio sai and be undercut.
Complain less. Not sure if this is a good thing. It means you will be willing to kio sai and be undercut.

That is the main reason they get the job.
Reply With Quote
  #300 (permalink)  
Old 16-09-2021, 10:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
sorry. may i know what is really high finance ?
"High finance" comes from the French "haute finance". Finance is a multifarious industry, with many layers servicing the entire economy. "High finance" is most easily contrasted to retail finance, for example retail banking where the bank serves individual customers or businesses, taking deposits and making loans.

Traditionally "haute finance" involved lending money directly to the king or country, and the financial transactions between countries. Finance is much more than just lending money nowadays and has many other large players than just countries too, so the meaning of high finance has also evolved.

You can loosely define high finance today as financial services between large institutions (instead of individuals), and involving large transaction sizes. So within finance, one hears terms like "institutional investor" or "institutional clients". The quintessential institutional client in Singapore's context is GIC or Temasek, but it will also mean hedge funds. Given that these institutions can trade/transact in large sizes and consistently, they will get the best pricing in deals.

Private banking is typically not "high finance". Individual clients are rarely considered as "institutions" unless you are Warren Buffett or a few such individuals. There are also important regulatory and compliance reasons to differentiate between individuals and incorporated institutions. Even most billionaires would need to create a family office to become an "institutional client".

Within banking, I would say that if your client is GIC or UOB Asset Management, rather than Mr. Tan or Garden Restaurant Ltd, then you are operating in "high finance". But frankly, this term is rather ostentatious and rarely used by bankers. We just say "institutional clients".
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)
3,398 Replies, 1,391,965 Views
Compare civil service salary ( 1 2 3... Last Page)
12,729 Replies, 7,486,697 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,094 Replies, 270,078 Views
Lawyer Salary ( 1 2 3... Last Page)
14,351 Replies, 4,827,899 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,286 Replies, 651,974 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,915 Replies, 1,461,136 Views
GovTech ( 1 2 3... Last Page)
488 Replies, 345,519 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
92 Replies, 27,063 Views
NUS (National University of... ( 1 2 3... Last Page)
130 Replies, 123,290 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,103 Replies, 1,329,916 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,952 Replies, 1,810,435 Views
If you can't find a company here... ( 1 2 3)
23 Replies, 2,689 Views
Relocation to the US or stay in SG? ( 1 2 3)
21 Replies, 872 Views
Getting MBA worth? ( 1 2 3... Last Page)
134 Replies, 101,105 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
201 Replies, 68,650 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,152 Replies, 1,719,716 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
115 Replies, 44,740 Views
Anyone working in Recruit express? ( 1 2 3)
29 Replies, 39,090 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
823 Replies, 222,008 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
64 Replies, 10,418 Views
High Finance Thread ( 1 2 3... Last Page)
347 Replies, 111,390 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
575 Replies, 458,293 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
97 Replies, 138,556 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,204 Replies, 2,594,426 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
168 Replies, 68,701 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
208 Replies, 172,217 Views
Working 2 FT (remote) jobs?...
2 Replies, 161 Views
Luxoft
0 Replies, 43 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,065 Replies, 567,158 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:32 PM.


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