High Finance Thread

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.

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

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

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.

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.

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.

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?)

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+

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?

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?

Where are you at currently and what role/pos?

Originally Posted by Unregistered

Where are you at currently and what role/pos?

lmao CS reeling from archegos losses and giving out lowball offers #CSNOTABB

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?

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.

Originally Posted by Unregistered

Where are you at currently and what role/pos?

AVP at a local bank.

Originally Posted by Unregistered

AVP at a local bank.

Take it and run for the hills