High Finance Thread

anyone has friends who work in local banks IB? is it worth it to try to get a job there?

Anyone has insights to the firm- culture, progression and exits? Thanks

Originally Posted by Unregistered

Anyone has insights to the firm- culture, progression and exits? Thanks

Which role are you referring to?

[mgw_k]

Originally Posted by Unregistered

Which role are you referring to?

i dont wish to be too specific as it is a really small shop. do you mind pming me so we can continue this discussion? much appreciated!

Originally Posted by Unregistered

anyone has friends who work in local banks IB? is it worth it to try to get a job there?

I highly doubt so given that the pay is usually half of BB IB pay while work hours are only marginally shorter. If you can just go BB or at least foreign bank to do IB.

Originally Posted by Unregistered

I highly doubt so given that the pay is usually half of BB IB pay while work hours are only marginally shorter. If you can just go BB or at least foreign bank to do IB.

care to share what are the hours and base compensation like at local IBD?

Does anyone know the annual increment of salary for BB's BO for a local uni undergrad? Also, is there any bonus for BO people? Any inputs are appreciated!!

Originally Posted by Unregistered

Does anyone know the annual increment of salary for BB's BO for a local uni undergrad? Also, is there any bonus for BO people? Any inputs are appreciated!!

0-6%. Depending on whether u take up projects outside of your daily work. Bonus max 2 months.

Originally Posted by Unregistered

0-6%. Depending on whether u take up projects outside of your daily work. Bonus max 2 months.

Which BB is this? I think it really depends. From what I have heard, bonuses range from 1.5-4months, increment range from 3%-10%

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!