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04-04-2021, 01:42 PM
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Quote:
Originally Posted by Unregistered
Guideline is take total pay for sales role at a bank and discount by 30%. For average performer sales role at bank pays roughly -
yr1 - 150k
yr2 - 200k
yr3 - 250k
yr4 - 350k
yr5 - 420k
At the top level it becomes more variable as you are responsible for driving the business.
Source: I am in the recruitment industry.
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Thank you for the info! I assume that is inclusive of bonus? What is the proportion of base and bonus to total package? Would you know the salary trajectory of equity research function within AM? Thanks
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04-04-2021, 03:20 PM
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Quote:
Originally Posted by Unregistered
Thank you for the info! I assume that is inclusive of bonus? What is the proportion of base and bonus to total package? Would you know the salary trajectory of equity research function within AM? Thanks
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The proportion is 80-20 at the start and gradually progresses to about 60-40. But note that the bonus component is highly variable and you shouldnt take my guideline as the bible, it is just a rough guideline.
ER in AM can be 2 different things, if you are in a fund where they invest based on your research then you can even be earning 7 figures. If you are in a role where the ER gets distributed as marketing material to clients to sell their fund, then its just a glorified sales role and you can expect pay in line with AM sales.
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04-04-2021, 06:49 PM
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Quote:
Originally Posted by Unregistered
The proportion is 80-20 at the start and gradually progresses to about 60-40. But note that the bonus component is highly variable and you shouldnt take my guideline as the bible, it is just a rough guideline.
ER in AM can be 2 different things, if you are in a fund where they invest based on your research then you can even be earning 7 figures. If you are in a role where the ER gets distributed as marketing material to clients to sell their fund, then its just a glorified sales role and you can expect pay in line with AM sales.
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Sure appreciate your perspective thank you. I was referring to the former case i.e. fund investing based on my research, at both small and big shops. I wonder if I can speak to you in private to understand a bit more but it’s fine if you would prefer not to as I respect you may wish to retain your anonymity.
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06-04-2021, 12:31 AM
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Quote:
Originally Posted by Unregistered
Total comp of 450K for associate level in IBD is too high, that sounds more like a senior associate or junior VP. 300-350K is more realistic for an associate IMO.
Appreciate if you could give more details on the 235-295k and 50-80% (incl 13th month, guaranteed bonus?)
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Base salary of 235k, 265k and 295k for years 1-3 assoc respectively. 50-80% bonus all discretionary (based on personal experience and peers). No 13th month or guaranteed, but there is a stock component to the bonus.
400k+ TC is possible for associates. Senior associate / junior VPs can hit 500k+
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06-04-2021, 07:05 PM
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I received an offer to take on VP role at CS. First year vp, with 7 years xp in banking. Fx macro sales. Was offered 280k an annum.
Kinda expecting more. Is this reasonable?
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06-04-2021, 07:21 PM
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Quote:
Originally Posted by Unregistered
I received an offer to take on VP role at CS. First year vp, with 7 years xp in banking. Fx macro sales. Was offered 280k an annum.
Kinda expecting more. Is this reasonable?
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Where are you at currently and what role/pos?
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06-04-2021, 11:45 PM
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Quote:
Originally Posted by Unregistered
Where are you at currently and what role/pos?
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lmao CS reeling from archegos losses and giving out lowball offers #CSNOTABB
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06-04-2021, 11:52 PM
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Quote:
Originally Posted by Unregistered
I received an offer to take on VP role at CS. First year vp, with 7 years xp in banking. Fx macro sales. Was offered 280k an annum.
Kinda expecting more. Is this reasonable?
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Probably some DBS loser trying to deflate salary expectations on this thread? Please dont tarnish CS reputation and go back to your 5k pm job.
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07-04-2021, 06:50 AM
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Quote:
Originally Posted by Unregistered
Where are you at currently and what role/pos?
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AVP at a local bank.
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07-04-2021, 07:36 AM
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Quote:
Originally Posted by Unregistered
AVP at a local bank.
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Take it and run for the hills
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