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Unregistered 26-12-2021 11:20 PM

Quote:

Originally Posted by Unregistered (Post 195193)
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...

BofA is not even a mid tier BB and they are known to pay **** in SG. Even local banks are paying 4.5k for ops grad program.

Unregistered 27-12-2021 11:48 AM

Thoughts on GS ops? Progression & bonus? Thank you!

Unregistered 27-12-2021 12:03 PM

Quote:

Originally Posted by Unregistered (Post 195257)
Thoughts on GS ops? Progression & bonus? Thank you!

Probably the best paying for Ops across all banks. But you probably work the hardest too.
People average 11 hours a day in GS.

Fastest Possible to reach VP is 5.5 years if you're good; 6.5 to 7.5 if you're decent; never if you are average. Therefore need to be top of your game.

When you hit VP, at least 10k a month. Bonus is a mild bell curve. The top ones can get 2-3 months (yes, it's not fantastic). The worst performing get zero or negative (negative meaning your base can go up, but your year on year bonus drops so much that your overall compensation for the year drops (that's a sign you're on the firing block).

(Currently working/have worked across multiple BBs, including GS/JPM/MS).

Unregistered 27-12-2021 12:27 PM

Quote:

Originally Posted by Unregistered (Post 195259)
Probably the best paying for Ops across all banks. But you probably work the hardest too.
People average 11 hours a day in GS.

Fastest Possible to reach VP is 5.5 years if you're good; 6.5 to 7.5 if you're decent; never if you are average. Therefore need to be top of your game.

When you hit VP, at least 10k a month. Bonus is a mild bell curve. The top ones can get 2-3 months (yes, it's not fantastic). The worst performing get zero or negative (negative meaning your base can go up, but your year on year bonus drops so much that your overall compensation for the year drops (that's a sign you're on the firing block).

(Currently working/have worked across multiple BBs, including GS/JPM/MS).

how about middle office trade support role in GS? Is the base and bonus better than BO?

Unregistered 27-12-2021 12:33 PM

The same. Ops is Ops. There is no distinguishment between middle and back office in GS, and they are part of the same bonus pool.

Unregistered 27-12-2021 12:46 PM

anyone knows what are the exit opps for bank ops? started working since apr in gs mo but its so fking mundane

Unregistered 27-12-2021 12:52 PM

Network yourself out of ops. if you're smart enough for gs ops, you should be smart enough to know how to get out. if you're not, well.....then perhaps you're suited for ops

Unregistered 27-12-2021 02:30 PM

Quote:

Originally Posted by Unregistered (Post 195155)
Top-tier: GS/JPM/MS
Mid-tier: Barclays/CS/Citi
Lower-tier: UBS/DB/BofA

CS still considered mid tier nowadays?

Unregistered 27-12-2021 08:14 PM

is it common to be able to hit 250K/annum total comp after 15 years in a bank?

Unregistered 27-12-2021 08:16 PM

Quote:

Originally Posted by Unregistered (Post 195309)
is it common to be able to hit 250K/annum total comp after 15 years in a bank?

If say 200-250k is common. Above that maybe not for everyone.


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