Salary Increment Rate

Originally Posted by Unregistered

Small-Mid European bank here... 4 years since grad. Yearly increment 1-4% and bonus ~ 1 month. My group of friends in other banks not doing well too.

Emo

Local bank back office already can earn 8 to 9K with 5 years experience.

First job first year increment 16% in a biotech company

Originally Posted by Bambam

First job first year increment 16% in a biotech company

First job first year increment 27% in a bank

Originally Posted by Unregistered

Local bank back office already can earn 8 to 9K with 5 years experience.

How many months bonus? What is the annual package?

Originally Posted by Unregistered

How many months bonus? What is the annual package?

Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.

Originally Posted by Unregistered

Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.

I work at a foreign investment bank BO. monthly bonus is only 1-2 months maximum. Salary is not that great either. Only 4.5k. Work for one year since graduation

Originally Posted by Unregistered

Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.

The poster above mentioned $8-9k with 5 years experience. Is that with bonuses or not?

those of you guys with huge increment in banks....please do not mislead ppl...

there maybe true 2 - 3 years ago but certainly not true in 2014/2015 and certainly NOT this year 2016.

The entire banking industry is tightening their belts now....regardless of the size of the banks (If you haven't heard, Barcaps, DB, ABN-AMRO, ML, JP Morgan, Morgan Stanley, ICBC, Credit Suisse, BNP Paribas are all offloading their staff headcount) and many of these international banks are NOT going to give you big bonuses this year and next...regardless of your job performance (Unless you are a trader/broker that brought in a 10mil deal or a C level executive)......DB in particular is in quite a dire state if you are aware of the news.

if u want to got into banking and expecting a bigger bonuses and pay increment, DBS may be so far the 'safer' route...

stop shooting high % numbers and spreading this misinformation about banking pay increments.

To add on (i am the unregistered above), i worked in DB for 3 years, MSIG for 3 years and currently in ICBC for 2.5 years already....i know what i am talking about in terms of the banking industry and how well they paid.......

so sometimes, i see ppl posting blatant lies and misinformation and it pissed me off.

Just because you are hired in an international investment bank in the front/middle/back office/trading floor, doesnt mean you get at least 10K+ and 6 months bonus.....

DB used to have near 500 headcounts back when i was working there (2006-2009), do you really think everyone get 7-8K? Heck, majority of them don't even get 5K monthly.

And many of the 'Assistant Vice President' are just glorified titles.....6-7k max......bonuses in the banking industry is heavily dependent on global macroeconomics than your personal performance. You can be employee of the year but if the bank is not performing, your bonus will still be **** (unless you are C level execs in which your bonuses are fixed to a certain rate based on your contract).

Originally Posted by Unregistered

To add on (i am the unregistered above), i worked in DB for 3 years, MSIG for 3 years and currently in ICBC for 2.5 years already....i know what i am talking about in terms of the banking industry and how well they paid.......

so sometimes, i see ppl posting blatant lies and misinformation and it pissed me off.

Just because you are hired in an international investment bank in the front/middle/back office/trading floor, doesnt mean you get at least 10K+ and 6 months bonus.....

DB used to have near 500 headcounts back when i was working there (2006-2009), do you really think everyone get 7-8K? Heck, majority of them don't even get 5K monthly.

And many of the 'Assistant Vice President' are just glorified titles.....6-7k max......bonuses in the banking industry is heavily dependent on global macroeconomics than your personal performance. You can be employee of the year but if the bank is not performing, your bonus will still be **** (unless you are C level execs in which your bonuses are fixed to a certain rate based on your contract).

Please don't go around mud slinging others when you yourself left the BB space long time ago since 2009. Since then your were in insurance and china bank industry which is very different from IIB.

From what I heard pay and bonus wise is still very strong for IB, but headcount is dropping and those who left are not replaced. The issue for most people is not enough jobs to go around rather than pay & bonus is no longer good.