Banks' Pay and Bonuses - Page 3 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Banks' Pay and Bonuses

Reply
 
Thread Tools
  #21 (permalink)  
Old 01-05-2015, 12:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Analyst FO, first year, about 5xk per annum. Feeling discounted.
Not sure should I stay or move
Seeking everyone's advice. On average 12 hours/day

Reply With Quote
  #22 (permalink)  
Old 01-05-2015, 12:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
No one pays interns for 10k. That doesn't make business sense when you can get an experienced hire with that money.
Maybe not 10k, but goldman sachs apparently pays some of their interns 8-9k per month.

And I don't think you can get experienced hire with just 10k. The annual package for fresh grad is approx 150-200k.

Of cos, not all positions in investment banks are paid so well.

Reply With Quote
  #23 (permalink)  
Old 01-05-2015, 05:18 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Maybe not 10k, but goldman sachs apparently pays some of their interns 8-9k per month.

And I don't think you can get experienced hire with just 10k. The annual package for fresh grad is approx 150-200k.

Of cos, not all positions in investment banks are paid so well.
thank you for backing me up. it used to be 8-9k for interns in some BBs (like GS, MS etc; summer interns are paid a pro-rated rate of a first year analyst's package) but recently majority of the BBs cut back on their bonuses but increased base salaries. for those of you who don't know, for some of the BBs, pay scale is global. i.e. what a FO analyst gets in NYC is what another FO analyst gets in another city like HK or SG. if you do some research, you'll find that the BBs increased first year analysts' base from 70k USD p.a. to 85 USD p.a. which translates to about 115k SGD p.a...and there you have your close to 10k SGD per month pro rated to 10 weeks for a summer intern.

on top of that, it is well known that majority of the FO interns in BBs here in SG come from universities outside of SG (mainly the ivy leagues and other top tier schools from the UK, Canada etc), so there is also a relocation stipend and housing on top of the base salary.

hope this adds some insight. of course, this only applies to front office (IBD, S&T, research etc) roles.

Reply With Quote
  #24 (permalink)  
Old 01-05-2015, 09:08 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
thank you for backing me up. it used to be 8-9k for interns in some BBs (like GS, MS etc; summer interns are paid a pro-rated rate of a first year analyst's package) but recently majority of the BBs cut back on their bonuses but increased base salaries. for those of you who don't know, for some of the BBs, pay scale is global. i.e. what a FO analyst gets in NYC is what another FO analyst gets in another city like HK or SG. if you do some research, you'll find that the BBs increased first year analysts' base from 70k USD p.a. to 85 USD p.a. which translates to about 115k SGD p.a...and there you have your close to 10k SGD per month pro rated to 10 weeks for a summer intern.

on top of that, it is well known that majority of the FO interns in BBs here in SG come from universities outside of SG (mainly the ivy leagues and other top tier schools from the UK, Canada etc), so there is also a relocation stipend and housing on top of the base salary.

hope this adds some insight. of course, this only applies to front office (IBD, S&T, research etc) roles.
Thanks for your insight. Does this apply to equity research too? Particularly for GS/JPM/MS.
Reply With Quote
  #25 (permalink)  
Old 01-05-2015, 10:16 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for your insight. Does this apply to equity research too? Particularly for GS/JPM/MS.
yes it does...the 3 BBs you mentioned have all bumped base salary from 70k USD to 85k USD.
Reply With Quote
  #26 (permalink)  
Old 01-05-2015, 10:57 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Seeking everyone's advice. On average 12 hours/day
what exactly do you do day to day and what type of a bank is this? mid market? regional?
Reply With Quote

  #27 (permalink)  
Old 01-05-2015, 05:18 PM
Unregistered
Guest
 
Posts: n/a
Default

BO.
6 years experience.
130k.
Bonus ~2 months.
8% increment.
Reply With Quote
  #28 (permalink)  
Old 01-05-2015, 06:42 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
yes it does...the 3 BBs you mentioned have all bumped base salary from 70k USD to 85k USD.
Hi, are you aware how many mths of bonuses do the BB FO people get these days? Say the S&T, research guys in singapore.
Reply With Quote
  #29 (permalink)  
Old 01-05-2015, 06:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi, are you aware how many mths of bonuses do the BB FO people get these days? Say the S&T, research guys in singapore.
Where I am, some received 4 YEARS!
Reply With Quote
  #30 (permalink)  
Old 01-05-2015, 11:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Where I am, some received 4 YEARS!
How many mths do the associates and VPs get? Excluding the MDs
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Annual increment and bonuses at NUH and NUS darkstar Income and Jobs 3 19-01-2014 04:10 PM
Bonuses !! uturn Income and Jobs 50 19-03-2013 09:54 PM
IT in banks sochews Income and Jobs 7 08-12-2011 09:45 AM
More Pay and Bonuses for Teachers Salary.sg Income and Jobs 7 05-12-2009 06:45 PM
MINDEF and SAF Sign-On Bonuses Salary.sg Income and Jobs 9 16-08-2009 03:40 PM

» 30 Recent Threads
DBS tech seed programme ( 1 2 3... Last Page)
2,436 Replies, 658,581 Views
Lawyer Salary ( 1 2 3... Last Page)
17,452 Replies, 6,734,595 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
996 Replies, 219,966 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
250 Replies, 266,757 Views
ST Electronics ( 1 2 3... Last Page)
2,992 Replies, 901,062 Views
HDB (under MND) ( 1 2 3... Last Page)
487 Replies, 447,902 Views
Career as Teacher ( 1 2 3... Last Page)
5,821 Replies, 3,674,372 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,215 Replies, 927,104 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,093 Replies, 404,290 Views
High Finance Thread ( 1 2 3... Last Page)
1,360 Replies, 295,359 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,653 Replies, 3,198,046 Views
Compare civil service salary ( 1 2 3... Last Page)
14,610 Replies, 9,257,325 Views
DBS ACE Programme ( 1 2 3... Last Page)
38 Replies, 4,559 Views
Micron starting pay ( 1 2 3... Last Page)
528 Replies, 191,377 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,042 Replies, 675,479 Views
Engineer Pay ( 1 2 3... Last Page)
508 Replies, 263,036 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,091 Replies, 2,008,819 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
555 Replies, 210,772 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,194 Replies, 550,418 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,701 Replies, 2,623,942 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
697 Replies, 609,088 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
960 Replies, 604,626 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
341 Replies, 121,602 Views
Polytechnic lecturer salary range ( 1 2 3)
29 Replies, 82,753 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,261 Replies, 1,058,991 Views
SIA AO grades ( 1 2 3... Last Page)
90 Replies, 34,060 Views
crypto trading tech roles
9 Replies, 2,124 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,400 Replies, 2,404,946 Views
Working Culture in IRAS ( 1 2 3... Last Page)
66 Replies, 117,649 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
138 Replies, 139,457 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:21 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2