Banks' Pay and Bonuses

Originally Posted by Unregistered

18 hour days doing IB internships in a boutique investment bank made me realize I lost a lot more than just sleep for the money. Family, relationships as well. 90 percent of the ppl here who talk about wanting to do FO, don't even know what they are talking about, especially with regards to the sacrifices. MOBO is neither rich nor glamorous, but it can still give a very comfortable life, especially in GS. A lot of my batchmates have moved to FO within the bank, so it's not exactly rare as well. Not all of them lasted though (and it's nothing to do with their performance).

Nothing wrong with having FO aspirations. My advice is do internships to make sure you know that's really what you want.

in my honest opinion, VP (lvl where most ppl will be stuck at) FO vs MO has no “class” difference - meaning as a VP FO, you can afford nicer cars, a bigger home and a better location, go on more overseas trips and entrance to private clubs

But, but, as a MO u can provide the same house, car and travelling for your family too, tho with a compromise on the brand/locations , with more WLB and time with your loved ones

Don’t believe in ppl laughing at u for being middle or non-BB front or whatever, sh*t ppl would always find something to laugh at others . Instead ask yourself, what is the life u really want and how much u need to earn to live that life. If a MO role is enuf , why torture yourself with a 16hour day like this post said

Originally Posted by Unregistered

18 hour days doing IB internships in a boutique investment bank made me realize I lost a lot more than just sleep for the money. Family, relationships as well. 90 percent of the ppl here who talk about wanting to do FO, don't even know what they are talking about, especially with regards to the sacrifices. MOBO is neither rich nor glamorous, but it can still give a very comfortable life, especially in GS. A lot of my batchmates have moved to FO within the bank, so it's not exactly rare as well. Not all of them lasted though (and it's nothing to do with their performance).

Nothing wrong with having FO aspirations. My advice is do internships to make sure you know that's really what you want.

Not worth sacrifcing the excessive hours for money and fame. You can try exploring roles outside banking and it is not difficult to find better pay + balanced work hours. The world is much bigger than banking or FOBOMO.

Originally Posted by Unregistered

in my honest opinion, VP (lvl where most ppl will be stuck at) FO vs MO has no “class” difference - meaning as a VP FO, you can afford nicer cars, a bigger home and a better location, go on more overseas trips and entrance to private clubs

But, but, as a MO u can provide the same house, car and travelling for your family too, tho with a compromise on the brand/locations , with more WLB and time with your loved ones

Don’t believe in ppl laughing at u for being middle or non-BB front or whatever, sh*t ppl would always find something to laugh at others . Instead ask yourself, what is the life u really want and how much u need to earn to live that life. If a MO role is enuf , why torture yourself with a 16hour day like this post said

how is the working hours in MO? Heard GS MO need to work until 8+ everyday

Anybody have the salary range for Project Manager (VP) in HSBC?

Originally Posted by Unregistered

how is the working hours in MO? Heard GS MO need to work until 8+ everyday

Depending on function. Cannot based on hearsay.

Originally Posted by Unregistered

how is the working hours in MO? Heard GS MO need to work until 8+ everyday

Im there currently. There are some teams clocking 10 plus hours. On avg most are closer to 11 hours and 1 or 2 bad eggs hitting 12. Been across the top bbs. GS BOMO works the hardest. But they are also most generous with salary and bonus

how much can DBS relationship treasures manager earn? say around 6yrs of experience

approx 5k. for RM

Originally Posted by Unregistered

approx 5k. for RM

how many years of experience for 5k as an RM? this is excluding comms and bonuses?

How is the latest round of increment and bonus for Credit Suisse? Read some news about the bonus figures from efinancialcareers.