Retrenched Investment Bankers (Where do they go to?) - Page 4 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Retrenched Investment Bankers (Where do they go to?)

Reply
 
Thread Tools
  #31 (permalink)  
Old 02-05-2017, 09:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Fellas, a simple fx sales person in a bulge bracket commands approx 25k per month. Most of them are ivy league students, a fraction are the lucky ones who managed to sneak themselves in through referrals. It is very difficult to get into front office. I work in a bulge bracket but not in the front office. We are the peasants, 2nd tier citizens of the company. Take care.

Reply With Quote
  #32 (permalink)  
Old 02-05-2017, 10:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Fellas, a simple fx sales person in a bulge bracket commands approx 25k per month. Most of them are ivy league students, a fraction are the lucky ones who managed to sneak themselves in through referrals. It is very difficult to get into front office. I work in a bulge bracket but not in the front office. We are the peasants, 2nd tier citizens of the company. Take care.
mostly right. except for the first line. your salary is highly dependent on your rank (analysts earn 9 to 10k only for example). also to the previous poster, a first year analyst at tier 1 BB M&A typically earns SGD 140k.

Reply With Quote
  #33 (permalink)  
Old 03-05-2017, 12:06 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Fellas, a simple fx sales person in a bulge bracket commands approx 25k per month. Most of them are ivy league students, a fraction are the lucky ones who managed to sneak themselves in through referrals. It is very difficult to get into front office. I work in a bulge bracket but not in the front office. We are the peasants, 2nd tier citizens of the company. Take care.
I don't think the referral part is really true. There are local uni students who managed to get into front office of bulge brackets, and it was because in the first place, they managed to secure summer internships and performed well, and hence ended up getting retained. Of course, I've to emphasize that these students are the best of the best among their cohort -- they could've enrolled into the top US and UK unis but they stayed in SG for whatever reason. Browsing through Linkedin I saw top SMU students joining Goldman Sachs, Morgan Stanley and even elite boutiques like Evercore as a fresh graduate.

Reply With Quote
  #34 (permalink)  
Old 09-05-2017, 01:03 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
mostly right. except for the first line. your salary is highly dependent on your rank (analysts earn 9 to 10k only for example). also to the previous poster, a first year analyst at tier 1 BB M&A typically earns SGD 140k.
How about first year VP. Is 400k p.a. possible?
Reply With Quote
Reply

Bookmarks

Tags
boutique bank, entrepreneurship, finance, hedge fund, ibd, investment banker, investment banking, local bank, regional bank

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Property Investment sunnyoho Market Talk 1 01-03-2019 12:04 AM
OCBC young bankers' prog vs DBS MA prog toto Income and Jobs 20 04-03-2017 04:52 PM
OCBC Young Bankers Programme hashbrowntime Income and Jobs 0 16-01-2015 05:07 AM
Serious Qns for Bankers from a student-IB FO, hedge funds, PE etc SMayC Income and Jobs 28 11-03-2014 05:24 PM
Know Anyone Retrenched? Salary.sg Income and Jobs 21 19-09-2009 02:26 PM

» 30 Recent Threads
GovTech ( 1 2 3... Last Page)
2,987 Replies, 784,011 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,991 Replies, 519,286 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,237 Replies, 870,537 Views
PSA International ( 1 2 3... Last Page)
84 Replies, 23,639 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
547 Replies, 187,391 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,488 Replies, 1,967,927 Views
UOB Management Associate Program ( 1 2 3... Last Page)
847 Replies, 389,636 Views
Lawyer Salary ( 1 2 3... Last Page)
16,848 Replies, 6,222,048 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
7,649 Replies, 2,244,273 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,913 Replies, 1,861,588 Views
Need some advice if I should early... ( 1 2 3)
24 Replies, 902 Views
High Finance Thread ( 1 2 3... Last Page)
865 Replies, 223,406 Views
Internship tips
3 Replies, 114 Views
IMDA (under MCI) ( 1 2 3... Last Page)
308 Replies, 138,051 Views
ST Engineering Aerospace ( 1 2 3... Last Page)
33 Replies, 35,649 Views
Micron starting pay ( 1 2 3... Last Page)
350 Replies, 137,788 Views
Career as Teacher ( 1 2 3... Last Page)
5,427 Replies, 3,369,832 Views
dealing with freelance investor
9 Replies, 3,397 Views
Compare civil service salary ( 1 2 3... Last Page)
14,010 Replies, 8,672,324 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,047 Replies, 356,887 Views
ST Electronics ( 1 2 3... Last Page)
2,733 Replies, 817,339 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
860 Replies, 593,866 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
3,834 Replies, 2,792,877 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,329 Replies, 2,226,463 Views
Advice needed! Final crossroad,... ( 1 2)
11 Replies, 506 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
872 Replies, 508,113 Views
Htx ( 1 2 3... Last Page)
75 Replies, 24,736 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,140 Replies, 499,084 Views
Standard Chartered International... ( 1 2 3... Last Page)
338 Replies, 125,422 Views
crypto trading tech roles
5 Replies, 977 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:59 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2