Banks' Pay and Bonuses

Originally Posted by Unregistered

You are definitely not in S&T. Let me break down hours in Markets: in at 8am for meetings/market updates -> Asia markets desks typically self declare close at ~6pm (if you don’t already know, they don’t follow exchanges as most if not all are OTC trades) > wrap up admin stuff (trades for tomorrow, prospecting/BD, tickets not booked yet/trades not accepted yet, trades/tickets coming in from EMEA etc -> anything pending/failing to follow up on? -> any client/regional meetings or dinners?

Typically 8am-7pm spent in the office assuming it’s a smooth day/no client meetings -> go home do ~1 hour of admin (finally replying to emails, review and give approvals for any charges/amendments etc, monitoring markets for tmr, creating new trading models etc), weekends continue with admin for about 4 hrs.

Disclaimer: Typical day for S&T in BB

this man knows his stuff

Originally Posted by Unregistered

this man knows his stuff

perhaps just an intern

Originally Posted by Unregistered

You are definitely not in S&T. Let me break down hours in Markets: in at 8am for meetings/market updates -> Asia markets desks typically self declare close at ~6pm (if you don’t already know, they don’t follow exchanges as most if not all are OTC trades) > wrap up admin stuff (trades for tomorrow, prospecting/BD, tickets not booked yet/trades not accepted yet, trades/tickets coming in from EMEA etc -> anything pending/failing to follow up on? -> any client/regional meetings or dinners?

Typically 8am-7pm spent in the office assuming it’s a smooth day/no client meetings -> go home do ~1 hour of admin (finally replying to emails, review and give approvals for any charges/amendments etc, monitoring markets for tmr, creating new trading models etc), weekends continue with admin for about 4 hrs.

Disclaimer: Typical day for S&T in BB

Im the original poster. I am in US BB. I am in at 845am and out by 630pm. Morning calls, and trade execution/client calls/client issues/ throughout the day. I am in FX, there is no way we would have any tickets that are not booked at end of day. Client meetings in this climate is very few as many can imagine. Most happens in the day in either client’s or bank’s office. FX is 24/7 but london starts coverage at 6pm on my side.

So yes, i am in s&t, and i have healthy hours.

Originally Posted by Unregistered

How good is good?

EB IB, getting 6-9 months bonus in SG

Originally Posted by Unregistered

Im the original poster. I am in US BB. I am in at 845am and out by 630pm. Morning calls, and trade execution/client calls/client issues/ throughout the day. I am in FX, there is no way we would have any tickets that are not booked at end of day. Client meetings in this climate is very few as many can imagine. Most happens in the day in either client’s or bank’s office. FX is 24/7 but london starts coverage at 6pm on my side.

So yes, i am in s&t, and i have healthy hours.

I'm in BB SnT too and my hours are similar to this. I believe the hours you are required to work would depend on your desk really, eg G10 rates come in the earliest at 630-7 and can leave at 4 after handover.

Originally Posted by Unregistered

I'm in BB SnT too and my hours are similar to this. I believe the hours you are required to work would depend on your desk really, eg G10 rates come in the earliest at 630-7 and can leave at 4 after handover.

congrats, that is good work life balance. My friend is doing trade support and he say that he ends work at ablut 8+ usually. Does the middle and back office work longer than the front office?

Originally Posted by Unregistered

I'm in BB SnT too and my hours are similar to this. I believe the hours you are required to work would depend on your desk really, eg G10 rates come in the earliest at 630-7 and can leave at 4 after handover.

My macro sales desk here leaves earlier than my team. Whoevers clocking 12 hours in s&t, good on you. Lol.

For someone working in roles like internal audit/compliance with around 3-4 YOE, is it feasible/worthwhile to try to move to a more quantitative risk management role such as credit / liquidity / market risk?

Not sure if there is a meaningful difference in salary range as well, especially given that these types of risk management roles seem to be much more technical / quantitative (and hence likely harder to land as well). Any general insights on risk management as a career path is much appreciated!

Whether you are in FO/MO/BO, top management of BB banks are demanding that you produce quality works yet at the same they are rather reasonable people. Find them to be generally understanding and highly supportive when you are able to contribute effectively as a member of a team. Question is whether one has the ability or opportunity to get in.

haiz guys if u are in FO with good hours good for u...im not even in banking industry so u go ahead and debate if what he said is true or not. FYI at least for my friends in BB FO, no one ends work that early and what time u leave the office is not the same as what time u finish work right? i can knock off at 5pm and work all the way until 12.

my original post was not meant to generalise that FO ALL have bad WLB to trade for good income. My post was trying tell anyone that no matter FO/MO/BO is all a job and stop judging when some bo/mo ppl are trying to ask qn here

bye