Starting salary

Originally Posted by Unregistered

Well, I do. And I am the handful.

Mine posting your industry / position and credential (Uni, hon, major, cca track record) ?
Is the 7k basic or commision included?

Thanks in advance.

I have fren in engineering having basic of 3k, plus night shift overtime and car allowance and other allowance is 7k plus.

Originally Posted by Unregistered

Mine posting your industry / position and credential (Uni, hon, major, cca track record) ?
Is the 7k basic or commision included?

Thanks in advance.

Sure, allow me to clear up. 7k is base (no commission). excludes bonus, benefits and allowances. first year investment banking analyst.

Originally Posted by Unregistered

Sure, allow me to clear up. 7k is base (no commission). excludes bonus, benefits and allowances. first year investment banking analyst.

Doesn't clear up anything. Education? Honours?

For those skeptical,

Starting pay for

Bulge Bracket Investment Banks

Jr Trader : 9k ~
Investment Banking Division : 11 ~ 13k (DB 13k, DB = Deutsche Bank not DBS just in case)
Equity Research : 9k ~ (GS tactical research 9k)
Asset management : 9k ~ (JPM sales 9k)
Backoffice roles : 4k ~ (JPM GS Barclays UBS etc, not including local banks)

Consulting firms (Top class)

Oliver Wyman : 9k ~ (McK, BCG and Bain probably pays more)

If you think all these are BS then by all means live your live deluded.

Originally Posted by Unregistered

For those skeptical,

Starting pay for

Bulge Bracket Investment Banks

Jr Trader : 9k ~
Investment Banking Division : 11 ~ 13k (DB 13k, DB = Deutsche Bank not DBS just in case)
Equity Research : 9k ~ (GS tactical research 9k)
Asset management : 9k ~ (JPM sales 9k)
Backoffice roles : 4k ~ (JPM GS Barclays UBS etc, not including local banks)

Consulting firms (Top class)

Oliver Wyman : 9k ~ (McK, BCG and Bain probably pays more)

If you think all these are BS then by all means live your live deluded.

I believe these figures are accurate.

For an average performer in these top notched firms, how much by your estimation will he make in 5, 10, 15, 20, 25 years' time?

Thanks for sharing!

Originally Posted by Unregistered

Starting pay? Or how many years?

Starting pay. Like the above, investment banking analyst. Highest honours

Originally Posted by Unregistered

For those skeptical,

Starting pay for

Bulge Bracket Investment Banks

Jr Trader : 9k ~
Investment Banking Division : 11 ~ 13k (DB 13k, DB = Deutsche Bank not DBS just in case)
Equity Research : 9k ~ (GS tactical research 9k)
Asset management : 9k ~ (JPM sales 9k)
Backoffice roles : 4k ~ (JPM GS Barclays UBS etc, not including local banks)

Consulting firms (Top class)

Oliver Wyman : 9k ~ (McK, BCG and Bain probably pays more)

If you think all these are BS then by all means live your live deluded.

I am not in IB but I know that these are accurate. A very small percentage of the cohort will ever get in... from then on staying on to reach a VP level will not be easy due to the hours an Analyst or Associate puts in. I know quite a few who have thrown in the towel 2-3 years in.

I am on the other side of an M&A transaction... we think of IB as salesmen as many times they lack industry knowledge. Having said that salesmen or not they still reap in the millions and have the last laugh.

Hi, I'm doing an NTU double degree program (engineering and econs), expected to graduate with second upper for both degrees this year.

I'm most likely joining a foreign bank as IT support specialist. Could anyone advise what's a reasonable starting pay to ask for?

Thanks in advance!

Originally Posted by Unregistered

Hi, I'm doing an NTU double degree program (engineering and econs), expected to graduate with second upper for both degrees this year.

I'm most likely joining a foreign bank as IT support specialist. Could anyone advise what's a reasonable starting pay to ask for?

Thanks in advance!

i would say 3-4k is reasonable.