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07-05-2016, 01:05 PM
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Junior Member
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Join Date: May 2016
Posts: 2
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Bad time to move?
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?
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07-05-2016, 01:44 PM
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Junior Member
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Join Date: May 2016
Posts: 2
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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!
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07-05-2016, 02:31 PM
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Quote:
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!
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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.
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07-05-2016, 04:50 PM
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s://.eventbrite.sg/e/insights-working-in-banking-industry-registration-24699151828
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07-05-2016, 05:44 PM
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Quote:
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?
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For your experience it ought to be ~7.5k with 5+ months bonus.
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07-05-2016, 09:47 PM
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Not really, corporate banking doesn't pay that well.
And if you aren't in a BB then salaries would be worse.
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08-05-2016, 01:55 AM
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Investment banking landscape in Singapore
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?
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08-05-2016, 07:19 PM
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Verified Member
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Join Date: Apr 2016
Posts: 15
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Quote:
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?
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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
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