High Finance Thread

Originally Posted by Unregistered

Is this for FO? What about the AUM ? is 4.5k all in ? That sounds pretty low man...

didnt make it into big firms, bopian. 4.5k not all in, still got pb

Originally Posted by Unregistered

Anyone knows the salaries for investment analysts in single manager hedge funds?
0-2 years experience

Honestly it can vary tremendously, from as low as 3k to as high as >10k. Many of these HF managers just need a guy to churn Excel and BBG data for them, they have little incentive to pay high.

Originally Posted by Unregistered

Honestly it can vary tremendously, from as low as 3k to as high as >10k. Many of these HF managers just need a guy to churn Excel and BBG data for them, they have little incentive to pay high.

"just need a guy to churn Excel and BBG data for them, they have little incentive to pay high"

this sounds like most jobs in high finance HAHA

Originally Posted by Unregistered

"just need a guy to churn Excel and BBG data for them, they have little incentive to pay high"

this sounds like most jobs in high finance HAHA

Indeed lmao

First 2 years of IB is learn everything from the lawyers. From then on is watch the junior analyst learn and then correct if they wrong. Repeat and rinse

6 years working experience, first as a Sec sch math teacher and then in various policy roles in in civil service. Math degrees and Masters and was a govt scholar but I know all this don’t really count for much. Have some tech skills like coding and data visualisation. Looking to switch to banking/finance industry as a mid career. Decided to take CFA and now studying level 2. Quite like what I’m learning as well as do my own investing on the side.

1. What are the prospects for a mid career like me who has no prior relevant experience? Will it be as if I’m a fresh grad?
2. What other skills do I need to beef up in my CV?
3. My current salary is about 100k. Will I expect to take a cut when I make the jump?

Thanks!

has anyone worked in M&G investments? am curious about culture, pay and progression. online reviews paint a slightly worrying picture. thanks

Originally Posted by Unregistered

has anyone worked in M&G investments? am curious about culture, pay and progression. online reviews paint a slightly worrying picture. thanks

m&g real estate? if yes its pretty sh*t. wouldn’t call it high finance

Originally Posted by Unregistered

m&g real estate? if yes its pretty sh*t. wouldn’t call it high finance

were you in real estate origination or portfolio management? the role im looking at is in core investments not specific to re.

why was it ****?

would be keen to connect privately and chat! thanks

Originally Posted by Unregistered

were you in real estate origination or portfolio management? the role im looking at is in core investments not specific to re.

why was it ****?

would be keen to connect privately and chat! thanks

to clarify it's M&G and not M&G real estate

If you want to find salary ranges for global banks in Singapore, the information is freely available if you do a proper search for them. The popular website efinancialcareers also regularly publishes its own finance salary surveys of various global cities, including Singapore. Two examples are the following:
w.efinancialcareers.hk/news/2019/08/how-to-earn-125k-in-singapore-banking-three-years-after-you-graduate

w.efinancialcareers.hk/news/finance/this-is-what-your-investment-banking-salary-should-be-in-singapore

There are also various job postings by international banks on the Singapore government website - mycareersfuture - where they are required to list the salary on offer. A few FO postings are the following:
Analyst (min 1y experience) for $7.5-$10k/month - Goldman:
w.mycareersfuture.gov.sg/job/banking-finance/global-markets-ficc-asian-em-macro-trader-analyst-goldman-sachs-d57a9f86761594f1daa5a6ed9cc30d0d?source=MCF&event= SuggestedJob

Associate-VP (min 5y experience) for $15-$24.6k/month - SocGen:
w.mycareersfuture.gov.sg/job/banking-finance/fx-sales-regional-banks-societe-generale-dfc1c846a5eb4f8a6ae544ab4ce61751

VP-Director (min 8y experience) for $17-$26.7k/month - Nomura:
w.mycareersfuture.gov.sg/job/banking-finance/vice-president-%E2%80%93-fx-options-quant-global-markets-nomura-singapore-898371c1c39fab7b32a99a3a8f96a262

VP-ED (min 7y experience) for $15-$30k/month - JPM:
w.mycareersfuture.gov.sg/job/banking-finance/cib-credit-portfolio-trading-vice-president-jpmorgan-chase-bank-na-69132ef780eda32f9444f32e51848163

VP-ED (min 8y experience) for $17.5-$35k/month - Goldman
w.mycareersfuture.gov.sg/job/banking-finance/global-markets-ficc-sea-solution-sales-executive-director-goldman-sachs-035dfa48140bdcbd50b24337a5e8b880?source=MCF&event= RecommendedJobJD

Based on these various surveys & job postings, I would characterise the FRONT OFFICE base salary ranges at global banks as follows:
Analyst: $7-$12k/month
Associate: $12-$20k/month
VP: $15-$30k/month
ED/Director: $25-$40k/month

The ranges can be wide with overlaps across ranks even within the same bank. I have been in the industry for over a decade, and I know that the salary ranges depend on your years of experience (many people are stuck at the VP level, sometimes for their entire career but they might still get salary raises), how much the bank wants/needs you (i.e. your skills and/or contacts), how well you negotiate (and you need to do this every year with your boss), and if you change jobs every several years (in the end, you can probably get a better increment if you find a job with a competitor).

The key to a rewarding banking career is longevity. Get to a Director level (say in around 9-12 years), or even better MD level, and stay there for 10+ years making over $500k in total comp per year over that time (perhaps even well over).

Assuming you already bought a house/condo (with mortgage) while a VP, and being able to make a good income as Director/MD for more than a decade, you can then retire comfortably in your mid-late 50s if you wish. If you are posted to an overseas posting during that time, say London or NY or HK, you may even have a second home in one of these places by then.