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28-11-2016, 08:29 PM
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Quote:
Originally Posted by Unregistered
Can these figures be expected for a local university graduate joining compliance at a bulge bracket bank?
Year 1: 4k
Year 2: 5k
Year 3: 6.2k
Year 4: 7.2k
Year 5: 8k
Or what figures can I expect?
Also, which bulge bracket bank pays the best for compliance?
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Seriously..don't always think about bulge bracket banks paying you well. It's not how much you expect it to be. It is more realistic to say 10 years to reach 8K.
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29-11-2016, 10:48 PM
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Quote:
Originally Posted by Unregistered
Can these figures be expected for a local university graduate joining compliance at a bulge bracket bank?
Year 1: 4k
Year 2: 5k
Year 3: 6.2k
Year 4: 7.2k
Year 5: 8k
Or what figures can I expect?
Also, which bulge bracket bank pays the best for compliance?
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Hahahahahaha! I only wish that those were my increments.
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30-11-2016, 02:34 AM
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Quote:
Originally Posted by Unregistered
Hahaha this post cracks me up. Not sure if trolling or ignorant. You probably start at 2800:
Year 1: 2800
Year 2: 2950
Year 3: 3300
Year 4: 3630
Year 5: 3980
If you don't believe me, go try it. Better lower down your expectations though lol
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I literally received an offer for 4000 as summer intern pay.
To clarify, I am a local university graduate. I can imagine your disbelief at the offer but any business school local university graduate would understand that 4000 is market rate for intern and year 1 analyst at most BB banks.
I would appreciate a serious reply for year 2-5 salaries from a graduate working at a BB bank. Thanks!
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30-11-2016, 11:36 AM
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You may start at 4k, but do not expect the increments to come thick and fast in a middle office environment like Compliance. Increments are generally between 3 to 6%. The only way you will achieve those figures will be to jump ship every year. Good luck though, in explaining to prospective employers on why you are leaving every year.
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30-11-2016, 12:33 PM
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To further add, the bonus could also be different. BB bonus is lower comparatively to normal banks. There is no way to compare starting pay. I get 3K with 4 to 5 months bonus vs 4K with 1 to 2 months bonus.
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30-11-2016, 07:54 PM
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Quote:
Originally Posted by Unregistered
I literally received an offer for 4000 as summer intern pay.
To clarify, I am a local university graduate. I can imagine your disbelief at the offer but any business school local university graduate would understand that 4000 is market rate for intern and year 1 analyst at most BB banks.
I would appreciate a serious reply for year 2-5 salaries from a graduate working at a BB bank. Thanks!
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To clarify, you did not receive a 4000 offer for a summer intern pay in COMPLIANCE. So don't take the same measuring yardstick for all analyst jobs in bulge bracket. A compliance analyst role for someone with 0 experience like yourself does not start out at 4k salary lol. Hate to burst your bubble!
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30-11-2016, 09:02 PM
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Quote:
Originally Posted by Unregistered
I literally received an offer for 4000 as summer intern pay.
To clarify, I am a local university graduate. I can imagine your disbelief at the offer but any business school local university graduate would understand that 4000 is market rate for intern and year 1 analyst at most BB banks.
I would appreciate a serious reply for year 2-5 salaries from a graduate working at a BB bank. Thanks!
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Woah. So much burn.
You sure you talking about back end KYC/AML/Compliance role?
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01-12-2016, 02:12 PM
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Quote:
Originally Posted by Unregistered
I literally received an offer for 4000 as summer intern pay.
To clarify, I am a local university graduate. I can imagine your disbelief at the offer but any business school local university graduate would understand that 4000 is market rate for intern and year 1 analyst at most BB banks.
I would appreciate a serious reply for year 2-5 salaries from a graduate working at a BB bank. Thanks!
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hmmmm, guys what about starting out with a MA programme and end @ compliance? Maybe its possible?
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01-12-2016, 03:37 PM
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Quote:
Originally Posted by Unregistered
hmmmm, guys what about starting out with a MA programme and end @ compliance? Maybe its possible?
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If you can get into a MA program, why would you want to end up in compliance. Generally the personality needed to get into a MA program is already more suitable for a FO position. The salary ceiling for a FO role is definitely higher than for compliance too.
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