Working in a bank

Originally Posted by Unregistered

Hi guys,

Recently interviewed at a Jap bank for a middle office role and shortly after the final round of interview their HR asked the recruiter for my past 3 year bonus slips...so it seems that they may be working something out.

I had asked for at least $7.5k, up from my current drawn of $6k (~5 yrs exp in local bank). Do you think this would be a worthwhile hop if they do indeed get back with a comparable offer?

Hello. Why was sign on bonus given? Due to upcoming bonus foregone in ur existing employment?

[idkngiht]

Hi guys, could use some advice... I know the industry isn't doing well now, but I have been looking at jumping to another bank. I have 2.5yr exp in FO corp banking at a large non-IB foreign bank.

But I feel underpaid... Currently drawing around 5k and bonus has been terrible (like 1-2 months..) despite good performance! Do you guys think my expectations are too high or is this the industry norm? Will I get more elsewhere?

Originally Posted by idkngiht

Hi guys, could use some advice... I know the industry isn't doing well now, but I have been looking at jumping to another bank. I have 2.5yr exp in FO corp banking at a large non-IB foreign bank.

But I feel underpaid... Currently drawing around 5k and bonus has been terrible (like 1-2 months..) despite good performance! Do you guys think my expectations are too high or is this the industry norm? Will I get more elsewhere?

Hi, I think definitely underpaid. What is your rank now?? Associate?? I have been working for 1.5 years and I'm getting 6k with about 4 months bonus. I'm the equivalent of an associate rank. So one rank above the lowest rank of analyst. Just got promoted beginning of the year.

[idkngiht]

Yes, I'm an Associate too... Are you also at a foreign non-IB? My gut feeling was that market for this kinda exp should be 6-7k!

Originally Posted by idkngiht

Yes, I'm an Associate too... Are you also at a foreign non-IB? My gut feeling was that market for this kinda exp should be 6-7k!

Yes I'm also at a large foreign bank. My bak does IB too but I'm in a non-IB function. I expect to be paid 7k next year without any promotion.

The Insights session will provide a unique access into the keys and challenges in building a career in highly competitive and dynamic banking industry across Asia Pacific countries. Seasoned professionals in banking industry will share their thoughts, observations, and tips based on their experiences in building their career and managing the challenges in their work.

The sharing will provide business leaders and aspiring professionals with a better understanding of current banking landscape, insights of important skills and qualities to excel in the industry, and the key learning points from their career journey to improve your career planning.

In addition to the industry practitioners sharing, the final part of the session will be dedicated for the audience to have interactive dialogues with the panellists. The session will help business leaders, executives, students/aspiring professionals to be better prepared in their current and future roles.

s://.eventbrite.sg/e/insights-working-in-banking-industry-registration-24699151828

Originally Posted by idkngiht

Hi guys, could use some advice... I know the industry isn't doing well now, but I have been looking at jumping to another bank. I have 2.5yr exp in FO corp banking at a large non-IB foreign bank.

But I feel underpaid... Currently drawing around 5k and bonus has been terrible (like 1-2 months..) despite good performance! Do you guys think my expectations are too high or is this the industry norm? Will I get more elsewhere?

For your experience it ought to be ~7.5k with 5+ months bonus.

Not really, corporate banking doesn't pay that well.

And if you aren't in a BB then salaries would be worse.

Hey guys,

I am studying in the US and I will be joining a bulge bracket bank in New York as an analyst in IBD. Just wanted to get some views on the compensation structure, career progression, deal type in the Singapore/SEA market.

I am offered a base salary of USD 85k with bonus ranging from 40% to 100% which equates to ~SGD 180k before tax assuming 60% bonus. Are the salaries comparable in Singapore?

[Canberra]

Originally Posted by Unregistered

Hey guys,

I am studying in the US and I will be joining a bulge bracket bank in New York as an analyst in IBD. Just wanted to get some views on the compensation structure, career progression, deal type in the Singapore/SEA market.

I am offered a base salary of USD 85k with bonus ranging from 40% to 100% which equates to ~SGD 180k before tax assuming 60% bonus. Are the salaries comparable in Singapore?

Hi Mate,

Yes, the remuneration scheme is similar to home but the economy is not that good so don't expect more than 6 months of bonus at this point okay