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25-10-2021, 04:35 PM
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Junior Member
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Join Date: Oct 2021
Posts: 2
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IB Salaries in SG (BBs and EBs only)
Does anyone have info on numbers on post-bonus comp for these banks (Think GS/MS/JPM/Evercore/Lazard) up till the Assoc or VP level? Heard comp was as good as NYC but lower taxes here so take home could be higher, but I don't know if that's true. Bonuses should be lower here right? Thanks in advance.
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29-10-2021, 04:16 AM
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Quote:
Originally Posted by ibfo
Does anyone have info on numbers on post-bonus comp for these banks (Think GS/MS/JPM/Evercore/Lazard) up till the Assoc or VP level? Heard comp was as good as NYC but lower taxes here so take home could be higher, but I don't know if that's true. Bonuses should be lower here right? Thanks in advance.
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Pre COVID - assoc / VP bonus typically 6-9 months in Singapore. In NY, it's typically higher where 12 months + is not uncommon. And you are right, with lower taxes here the take-home is higher in Singapore.
That said, folks are expecting much higher numbers for this year given much stronger deal flow and the struggle to retain talent. Let's see how bonuses shake out in Jan next year.
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31-10-2021, 09:19 PM
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Junior Member
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Join Date: Oct 2021
Posts: 2
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Thanks a lot!
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