Banks' Pay and Bonuses

Originally Posted by Unregistered

May I know how you know this? I'm interviewing for CS too and want to get my expectations straight. Their mycareersfuture seem to show a very high budget.

Hello, apologies I do mean 5 years for existing employees. If you are an external hire, believe the bank is generally able to offer you a pay jump from your current salary. What role are you interviewing for?

Something like this s://.mycareersfuture.gov.sg/job/banking-finance/ib-regulatory-services-apac-183677-credit-suisse-services-ag-287274c3b50c5aee6d49ff0b6f94a8f7

I have the desired 5 years of relevant exp and Its listed at 8.3-10.9k.

Is it possible to have this trajectory as a MO hired into a grad program?

Year 0 4.5k
Year 2 6.5k
Year 4 7.5k
Year 6 9.5k
Year 8 10.5k
Year 10 12.5k

Originally Posted by Unregistered

Is it possible to have this trajectory as a MO hired into a grad program?

Year 0 4.5k
Year 2 6.5k
Year 4 7.5k
Year 6 9.5k
Year 8 10.5k
Year 10 12.5k

Too fast at the start, too slow at the end

Originally Posted by Unregistered

Is it possible to have this trajectory as a MO hired into a grad program?

Year 0 4.5k
Year 2 6.5k
Year 4 7.5k
Year 6 9.5k
Year 8 10.5k
Year 10 12.5k

This is possible. If you are a top performer consistently and it’s a top BB, it’ll be even better.

E.g. Year 0-2: Graduate from the program and get promoted to Assoc, Year 4: Promoted to Senior Assoc, Year 6/7: Promoted to VP, and Year 10-12: Promoted to ED (18k and up)

Originally Posted by Unregistered

This is possible. If you are a top performer consistently and it’s a top BB, it’ll be even better.

E.g. Year 0-2: Graduate from the program and get promoted to Assoc, Year 4: Promoted to Senior Assoc, Year 6/7: Promoted to VP, and Year 10-12: Promoted to ED (18k and up)

Thanks. If it isn't a top BB, what would be the avg yoe to break the 10k mark as a grad proj hire? As mentioned, the starting is ard 4.5k I'm thinking year 7-8 would be a safe expectation.

Originally Posted by Unregistered

This is possible. If you are a top performer consistently and it’s a top BB, it’ll be even better.

E.g. Year 0-2: Graduate from the program and get promoted to Assoc, Year 4: Promoted to Senior Assoc, Year 6/7: Promoted to VP, and Year 10-12: Promoted to ED (18k and up)

Hi sorry if its a dumb question, what banks are considered as top BB? I searched up online and there are many different opinions, the common ones that appear are usually JPM/GS. Is that the case?

Originally Posted by Unregistered

Hi sorry if its a dumb question, what banks are considered as top BB? I searched up online and there are many different opinions, the common ones that appear are usually JPM/GS. Is that the case?

Top-tier: GS/JPM/MS
Mid-tier: Barclays/CS/Citi
Lower-tier: UBS/DB/BofA

Originally Posted by Unregistered

Hi sorry if its a dumb question, what banks are considered as top BB? I searched up online and there are many different opinions, the common ones that appear are usually JPM/GS. Is that the case?

typically only DBS/UOB/OCBC is defined as BBs.

Originally Posted by Unregistered

Thanks. If it isn't a top BB, what would be the avg yoe to break the 10k mark as a grad proj hire? As mentioned, the starting is ard 4.5k I'm thinking year 7-8 would be a safe expectation.

Far fetched. Most of the 3k ops workers in baml at 8 years exp still avp making 7-8k. With 0.7 months bonus. Unless you are creme DE LA creme, which obviously isn't everybody...