Banks' Pay and Bonuses

What a ****ing cunt of a loser who doesn't know **** or anyone in those circles.

Really hopeless. Asset management ISN'T paid the same as IB. HHHAHAHAHHAA. Real joke.

I dare you to verify your claims. Stop repeating lame ****, ****ing poser.

Originally Posted by Unregistered

What a ****ing cunt of a loser who doesn't know **** or anyone in those circles.

Really hopeless. Asset management ISN'T paid the same as IB. HHHAHAHAHHAA. Real joke.

I dare you to verify your claims. Stop repeating lame ****, ****ing poser.

So angry for what? Why take it so personally? Was that your pride and ego speaking?

Originally Posted by Unregistered

So angry for what? Why take it so personally? Was that your pride and ego speaking?

Haha, I'm a different poster from the above. But I have to agree that people who likes to talk rubbish when they don't know much are really irritating though. Just like the person who said the following:

"Wrong, previous comment about the compensation (9.6k) in front office positions at bulge brackets is correct. Why is this so hard to believe? We are talking about the biggest banks here... Must be another kuku bird who isn't in FO."

If you don't have accurate and reliable first-hand information, why would you want to give wrong information to others?

Having said that, we should chill a little here. As long as you're in BB FO, the pay would be way above the average. The difference between that 9.6k and 8.5k isn't all that much. If you're arguing over that 1.1k difference, it is likely more about ego rather than about satisfying your personal needs.

And yes, FO employees in BBs are paid differently across the IB/AM/WM/ER divisions.

Originally Posted by Unregistered

Haha, I'm a different poster from the above. But I have to agree that people who likes to talk rubbish when they don't know much are really irritating though. Just like the person who said the following:

"Wrong, previous comment about the compensation (9.6k) in front office positions at bulge brackets is correct. Why is this so hard to believe? We are talking about the biggest banks here... Must be another kuku bird who isn't in FO."

If you don't have accurate and reliable first-hand information, why would you want to give wrong information to others?

Having said that, we should chill a little here. As long as you're in BB FO, the pay would be way above the average. The difference between that 9.6k and 8.5k isn't all that much. If you're arguing over that 1.1k difference, it is likely more about ego rather than about satisfying your personal needs.

And yes, FO employees in BBs are paid differently across the IB/AM/WM/ER divisions.

Hi you seem very well informed...

Do u know the range between FO for those divisions?

I heard a PB ARM gets about 4-5k... Not sure about Er,am trading and ibd

Originally Posted by Unregistered

And yes, FO employees in BBs are paid differently across the IB/AM/WM/ER divisions.

Exactly, they are paid differently across various divisions.

But the difference isn't all that minuscule because it adds up (across salary and bonuses).

Originally Posted by Unregistered

Hi you seem very well informed...

Do u know the range between FO for those divisions?

I heard a PB ARM gets about 4-5k... Not sure about Er,am trading and ibd

Which bank and function do you want to know? S&T and IB are usually paid around the same while there is a greater variance amongst AM/WM depending on bank and function.

Originally Posted by Unregistered

Which bank and function do you want to know? S&T and IB are usually paid around the same while there is a greater variance amongst AM/WM depending on bank and function.

well would be great if u could list those that u know? I've always wondered if the AM or pb guys get more than us...

I work in a Bb 2nd year and I draw about 13k basic these days... Bonus not much though...

Thinking if it's worth the effort to jump ship. Feel underpaid

Originally Posted by Unregistered

well would be great if u could list those that u know? I've always wondered if the AM or pb guys get more than us...

I work in a Bb 2nd year and I draw about 13k basic these days... Bonus not much though...

Thinking if it's worth the effort to jump ship. Feel underpaid

Why not jump into PE/HF?

PB: I would not jump into PB unless I know I can secure clients. Base will definitely not be that high. I'm not too sure about this, but I think that JPM pays the highest here; probably slightly below $8k/mth? The other banks (non-bb) usually pay <$6k/mth. Your future compensation will be determined by how many clients you can secure. If you're not able to get a minimum number of clients, you would likely to be cut-off after a number of years.

I'm not sure about AM though. Fresh grad $8.5k/mth for BB sounds about right.

Originally Posted by Unregistered

Why not jump into PE/HF?

PB: I would not jump into PB unless I know I can secure clients. Base will definitely not be that high. I'm not too sure about this, but I think that JPM pays the highest here; probably slightly below $8k/mth? The other banks (non-bb) usually pay <$6k/mth. Your future compensation will be determined by how many clients you can secure. If you're not able to get a minimum number of clients, you would likely to be cut-off after a number of years.

I'm not sure about AM though. Fresh grad $8.5k/mth for BB sounds about right.

Are you in the finance industry?

Because PE is so ridiculously small here that it makes no sense to jump into PE. Maybe, better hours... But the pay from many of the shops are crap.

Hedge fund...? Few ibankers have transferable skills to hedge fund and they rarely transit over; unless he's in a trader role?

Originally Posted by Unregistered

Are you in the finance industry?

Because PE is so ridiculously small here that it makes no sense to jump into PE. Maybe, better hours... But the pay from many of the shops are crap.

Hedge fund...? Few ibankers have transferable skills to hedge fund and they rarely transit over; unless he's in a trader role?

I would actually argue that alot of bankers have transferable skills to hedge funds...especially HFs that employ a fundamental bottom up strategy. In fact, investment bankers have MORE transferable skills compared to traders. If you're a trader in say a macro product such as FX or rates, then yes...perhaps a role in a macro fund would be perfect but in almost all other HFs that employ a different strategy, bankers have the better skill set to transfer. A sell-side trader mainly trades flow and manages risk; very little detailed security analysis involved...how is that transferable at all to a non-macro oriented HF?