Can the MPs do anything? How useful have they been anyway?

Our money minded political leaders have transformed a whole generation of people into money minded and uncouth people.

Their solutions to driving the economy is to open casinos and import foreigners.

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slap ur face then u know...so noisy

Not accurate.

Yeah it looks around 50% too low to me.

fact
 

Hi all, I am currently in Barclays graduate program for Technology Singapore. I used to intern in Barclays as well. Since interns and graduates are very close to each other here, we share information. Here's what I know:

BACK OFFICE (Interns and graduate)
Ops - 50000 SGD / yr
Finance - 55000 SGD / yr
Technology - 60000 SGD / yr

FRONT OFFICE (Interns only, not sure about grad)
Sales / Trading - 9600 SGD / mth

These figures are pretty accurate, especially for back office. For front office, The number is only basic salary, they do get profit sharing, bonus, and commission as well.

I havent include all the business areas (such as compliance, marketing, IB) as I'm not close to them. I only post what I know is correct. Note that this is only in Singapore, in HK / TKY, they get paid higher doing the same job.

Hope it helps! lastly, just want to say that barclays grad program is really good and fun! :)

Interns making more than what most engineers can ever make in their lives!

.... How fair is that? Something is wrong with capitalism, or at least the kind of capitalism we are witnessing now.

Guys relax. The high intern pay is a ploy used by all the IBs and not just Barcs.

It is meant to generate such WTF reactions (like yours) as it create brand awareness. It creates the impression that the IB house pays well and the bank hopes the intern tells their friends back at their grad/post grad school so that it builds up their brand equity.

I was in 2 US banks C*** and Leh****, both have such structures for their interns.

Although the starting salaries for full time hires are also in that range, don't forget it is just a very small minority that eventually land such jobs. Competition is stiff. Imagine everyone hears about the $10k starting salary? The queue to join is massive.

Anyways, just to share that the starting salaries for IB have not gone down but gone up. It is about $13k now (including allowances but exclude Bonus). But total compensation has gone down because Bonus is much lower.

I'm not too surprised, my friend who did his internship at BOA ML was paid a 5-figure salary (he did not wish to tell me the exact amount). Probably a high flier as he was converted to full-time upon graduation.