High Finance Thread - Page 29 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




High Finance Thread

Reply
 
Thread Tools
  #281 (permalink)  
Old 11-09-2021, 05:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Does anyone know how the EB banks do in Singapore? Am a student at a top UK/US target, and generally EBs pay 20-40% more than BBs in NYC/London. But I heard stories from my local university friends that EBs are quite weak here due to limited M&A dealflow, hence they pay significantly below BBs. Can anyone confirm what typical yearly EB all-in salaries are like here, and preferably by bank? Thanks!

Reply With Quote
  #282 (permalink)  
Old 11-09-2021, 05:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by sampz View Post
For BBs & some other MMs, IB & S&T pre 2021 (there was recently a raise) both pay fresh grads a base salary of 9.5-10k/mth, with bonus ranging quite widely. This much I can personally confirm from my own experience, though there will be a raise to somewhere around 11-12k/mth for 2022 fresh grads & summer interns.

Heard stories of IBD bonuses hitting up to 100-120% of base for top buckets at stronger banks, but the norm is likely slightly below, maybe 80%? S&T bonuses tend to be a bit lower on average, given that they work 60-70% of IBD hours, have heard stories of 40-60% base being the norm. But these bonus stories are just based on hearsay, I haven't received my first bonus yet. Still, yearly all-in compensation (pre-raise) should have been safely about 200k++ for IBD, and 160k++ in S&T.

In 5 years, associates/AVPs should expect to more or less have doubled their total comp, but variance will be a bit high. For example, a good trader could possibly have already been made VP and be managing 10++m of PnL yearly, while many others could be getting mediocre bonuses due to poor performance, meaning they are likely to leave/be culled soon. Can't give meaningful figures here, as simple average figures are vulnerable to survivorship bias.

Don't know how much AM pays in Singapore
Thanks for the information. What about local bank IB comp?

Reply With Quote
  #283 (permalink)  
Old 11-09-2021, 11:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for the information. What about local bank IB comp?
Worse than PwC Corporate Finance

Reply With Quote
  #284 (permalink)  
Old 12-09-2021, 12:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for the information. What about local bank IB comp?
Do local banks even have an IBD??? Honest question here
Reply With Quote
  #285 (permalink)  
Old 12-09-2021, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Do local banks even have an IBD??? Honest question here
Yes, but they're stronger in ECM.
Reply With Quote
  #286 (permalink)  
Old 12-09-2021, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Worse than PwC Corporate Finance
Thanks. Any rough estimate for analyst/associate levelsp
Reply With Quote

  #287 (permalink)  
Old 12-09-2021, 01:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks. Any rough estimate for analyst/associate levelsp
Analyst 60k
Associate 90k
Reply With Quote
  #288 (permalink)  
Old 12-09-2021, 05:47 PM
Unregistered
Guest
 
Posts: n/a
Default

sorry. may i know what is really high finance ?

Are these hedge fund manager ? your KPI is based on the ROI of the fund under management which resulted in the high earning/bonus payout ?

Apart from that, as BO or MO, i suppose is about support, providing analysis, risk management, compliance related stuff. Why would company pay a high annual package for them ?

i might be wrong, wish to understand more about "high finance".


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #289 (permalink)  
Old 12-09-2021, 06:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
sorry. may i know what is really high finance ?

Are these hedge fund manager ? your KPI is based on the ROI of the fund under management which resulted in the high earning/bonus payout ?

Apart from that, as BO or MO, i suppose is about support, providing analysis, risk management, compliance related stuff. Why would company pay a high annual package for them ?

i might be wrong, wish to understand more about "high finance".
You are right. Most of the BO and MO guys don't get paid anywhere near what was quoted. In fact many BO or MO esp in less prestigious firms may not even touch $10k p.m. even after 10 years of experience. Unless one has skill which are very rare or in demand, like quants. Even if you are paid a big sum of money, you will be constantly be in fear of losing your job since competition is great from foreigners esp folks from India who are younger, faster, smarter and most importantly cheaper.
Reply With Quote
  #290 (permalink)  
Old 12-09-2021, 07:58 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are right. Most of the BO and MO guys don't get paid anywhere near what was quoted. In fact many BO or MO esp in less prestigious firms may not even touch $10k p.m. even after 10 years of experience. Unless one has skill which are very rare or in demand, like quants. Even if you are paid a big sum of money, you will be constantly be in fear of losing your job since competition is great from foreigners esp folks from India who are younger, faster, smarter and most importantly cheaper.
If you really think the average ceca is smarter than you, then you deserve to lose your job to them
Reply With Quote
Reply

Bookmarks

Tags
finance, fund management, ibd, m&a, pevc

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
SIM-UOL Degree in Econs/Finance or Accounting/Finance Shenanigans Income and Jobs 7 05-03-2023 01:08 PM
Official Lasik/ Relexsmile Thread shirlyn General Discussions 1 18-06-2016 06:33 PM
Household Expenses Breakdown Thread mugster Income and Jobs 10 21-10-2015 09:01 AM
The Gem of UK property (High yield, High Growth, Positive cash flow) newsgprop Market Talk 4 12-01-2015 12:03 PM
UNISIM Alumni thread Gradsoon Income and Jobs 3 25-02-2014 04:38 AM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,850 Replies, 6,670,367 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,805 Replies, 1,045,236 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,401 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,319 Replies, 4,984,690 Views
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,164,650 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,715 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,509 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,239 Replies, 3,399,683 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,772,353 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,530 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,737 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,457,747 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,330,944 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,254 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,719 Views
Is getting a PMP worth it ?
4 Replies, 7,170 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,715 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,532 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,431 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,422 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,350 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,022 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,828 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,899 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,737 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,698 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,840 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,998 Views
MX12 reappointed at MX11
8 Replies, 848 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,718 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:47 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2