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blitz 27-02-2014 01:53 AM

Corporate banking
 
Hello forumers - need help on a salary check.

- Currently a corporate banking junior RM in foreign bank
- Local double degree grad with honours
- Joined bank's accelerated grad programme with rotations (starting basic: $50k pa)
- Converted to perm role at end of 2-yr programme (title: AVP; basic: $60k pa)
- Just promoted due to strong performance, now armed with 3.5y exp (title: VP; basic: $70k pa)

Feel I should be drawing at least get $75k pa. Am I unrealistic?

Have not spoken to headhunters but lining up some contacts to get a sense. But would like to stay given good mentor / team, so preference is to try to negotiate.

Thanks!

Unregistered 27-02-2014 08:38 AM

Quote:

Originally Posted by blitz (Post 48704)
Hello forumers - need help on a salary check.

- Currently a corporate banking junior RM in foreign bank
- Local double degree grad with honours
- Joined bank's accelerated grad programme with rotations (starting basic: $50k pa)
- Converted to perm role at end of 2-yr programme (title: AVP; basic: $60k pa)
- Just promoted due to strong performance, now armed with 3.5y exp (title: VP; basic: $70k pa)

Feel I should be drawing at least get $75k pa. Am I unrealistic?

Have not spoken to headhunters but lining up some contacts to get a sense. But would like to stay given good mentor / team, so preference is to try to negotiate.

Thanks!

wow, i know of people who don't even have a "manager" in their title who earns more than a bank VP. i guess u are more than compensated by your juicy bonuses.

if u have fat bonuses and are doing well, why are u looking to move for just $5k pa?

Unregistered 27-02-2014 10:24 AM

Anyway does your 70k include bonus? Whats your all in? eh inflated title, I am a assistant manager in a foreign bank and my basic is already 78k.

You should check with a few recruitment agencies, quite alot of openings for RMs now actually. You could probably get a 15-20% increment if you move now.

Unregistered 27-02-2014 11:35 AM

totally underpaid. if you're in the US, your salary should be 200k USD range.

Unregistered 27-02-2014 05:24 PM

Quote:

Originally Posted by Unregistered (Post 48713)
totally underpaid. if you're in the US, your salary should be 200k USD range.

Yeah if you are in zimbalwe you salary should be a few trillion zillion dollars.


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