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13-09-2020, 09:37 AM
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Quote:
Originally Posted by Unregistered
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.
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Not talking about banks with AVP/VP titles -- just Analyst > Assoc > VP > ED etc.
BB FO 10k is mostly IBD analysts, roles like WM can start as low at 5.5k even at a mid-tier BB. There is a subtle difference between MO/BO in terms of progression and bonus (Trader Assistant > Compliance/Settlements)
Another pointer for OP to note: Local Bank FO to BB FO is NOT easy. But to each its own, because FO ultimately earns more than MO/BO but the work-life balance etc is something for you to ponder. Once you reach the VP level, you are expected to bring in business and from there it's either "up or out".
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23-09-2020, 10:57 PM
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Hey sg big 3 uni student here. Interested to know about Singapore's hedge fund industry. I have been trading for a couple of year with savings and have managed to get roughly 20% irr from $1000 3 years ago to around 1750 now. Could have been higher if i hadn't shorted tesla. I didn't really need the extra money. I was just trading for fun.
However, now in my final year i have to start looking for a career i'm passionate in. How large are hf teams in Singapore. How many pods do the large-cap funds have? What is the analyst to pm ratio in these funds.
I read that citadel is opening a Singapore base. Does that mean they see potential in our sub 1 trillion market cap exchange to grow? Also do these funds hire from undergrad or only from elite mfpe/bb groups?
I am taking a degree in cs and my math is also solid. Does Singapore have many opportunities for quant trades?
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24-09-2020, 12:15 AM
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Quote:
Originally Posted by Unregistered
Hey sg big 3 uni student here. Interested to know about Singapore's hedge fund industry. I have been trading for a couple of year with savings and have managed to get roughly 20% irr from $1000 3 years ago to around 1750 now. Could have been higher if i hadn't shorted tesla. I didn't really need the extra money. I was just trading for fun.
However, now in my final year i have to start looking for a career i'm passionate in. How large are hf teams in Singapore. How many pods do the large-cap funds have? What is the analyst to pm ratio in these funds.
I read that citadel is opening a Singapore base. Does that mean they see potential in our sub 1 trillion market cap exchange to grow? Also do these funds hire from undergrad or only from elite mfpe/bb groups?
I am taking a degree in cs and my math is also solid. Does Singapore have many opportunities for quant trades?
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Tough luck son. Even ivy league student joined my firm as a trainee in s&t.
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24-09-2020, 02:52 AM
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Quote:
Originally Posted by Unregistered
Tough luck son. Even ivy league student joined my firm as a trainee in s&t.
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Honestly Ivy League/Stanford/MIT/Oxbridge is only 1 level higher than big 3 local uni, if you go by QS rankings.
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02-10-2020, 02:31 AM
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Anyone knows what is a realistic range to expect for s'pore VC analyst for fresh grad? Assuming 9-12 mth of VC intern experience overseas during undergrad. Don't want to get low balled. Thanks!
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03-10-2020, 01:20 AM
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Quote:
Originally Posted by Unregistered
Anyone knows what is a realistic range to expect for s'pore VC analyst for fresh grad? Assuming 9-12 mth of VC intern experience overseas during undergrad. Don't want to get low balled. Thanks!
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this obviously depends on the firm and aum. any rando with access bit of money can start a vc fund these days so willingness to pay for talent will vary greatly.
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07-10-2020, 01:55 PM
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Quote:
Originally Posted by villan
3-5k
10char
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wow I heard VCs don't pay well here, this is just about what the median salary for fresh grad is, in finance right? The management associate programs range 3-4K?
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10-10-2020, 01:39 AM
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Junior Member
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Join Date: Oct 2020
Posts: 3
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Temasek Summer Associate
Anyone else applying Temasek 2021 SA, and knows whether Temasek has started giving out superdays?
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