AML/Compliance/KYC professionals come in!

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?

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.

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?

Seriously, you may not even get this kind of increments in front office.

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?

Hahahahahaha! I only wish that those were my increments.

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

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!

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.

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.

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!

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!

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!

Woah. So much burn.

You sure you talking about back end KYC/AML/Compliance role?

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!

hmmmm, guys what about starting out with a MA programme and end @ compliance? Maybe its possible?

Originally Posted by Unregistered

hmmmm, guys what about starting out with a MA programme and end @ compliance? Maybe its possible?

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.