Banks' Pay and Bonuses

Originally Posted by Unregistered

Your example is far too simplistic because nobody earning 300k is going to spend all of it. Btw which bonds which aren't complete junk are going to pay 4% in the current market?

Don’t bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you don’t necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please la… This kind of mentality is so naive, that’s why you don’t make $300k pa. You don’t even bother to invest in yourself.

Originally Posted by Unregistered

Don’t bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you don’t necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please la… This kind of mentality is so naive, that’s why you don’t make $300k pa. You don’t even bother to invest in yourself.

Its ok la...no right or wrong to each its own.

Originally Posted by Unregistered

put in cpf lor hahahhaahahahahaha

1m65???
4m65???


LMAOOOOOOO wo pls ni la!!!!

Originally Posted by Unregistered

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!

Anyone know this?

Originally Posted by Unregistered

Anyone know this?

Go for it. Pay is at least 10-20% more and hours still very manageable.

Originally Posted by Unregistered

Don’t bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you don’t necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please la… This kind of mentality is so naive, that’s why you don’t make $300k pa. You don’t even bother to invest in yourself.

This makes quite a fair bit of sense. Someone living the caipng 3k lifestyle would likely not even get into upper echelons of management because of “being unable to fit in”

Also, many people who are able to get hungry to make more money genuine love/are driven to manage their jobs; a lot of it encompassing managing your team, reporting upwards and handling clients

May i know for Standard Chartered Bank for tech backend, what is the yearly increment and the bonuses? is it 15% or more?

s://.efinancialcareers.com/news/2022/02/why-singaporeans-stick-with-local-banks

Hi, can anyone please share what is senior auditor in credit suisse equivalent to AVP position?

Hi guys, going for a new role in Citi , vp MO about 15k per month is it decent? 41 this year but only 5 years banking experience. younger days in retail banking and finance co.