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  #7071 (permalink)  
Old 26-06-2020, 06:54 PM
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But by that time your IB friend would be Global President of XYZ bank. And you would still be paid less.
Are you stupid? What kind of statement is that? How many "Global President of XYZ bank" do you think there are in Singapore? And how many big 4 equity partners are there?

The stupidity of the responses in this forum truly baffles me sometimes.

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  #7072 (permalink)  
Old 26-06-2020, 06:58 PM
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But by that time your IB friend would be Global President of XYZ bank. And you would still be paid less.
You're also forgetting bonuses. We've all just been talking about base pay. The bonus for IB is 3 to 10 months or more (if not tied to salary) (which is absolute bonkers).

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  #7073 (permalink)  
Old 26-06-2020, 07:23 PM
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Are you stupid? What kind of statement is that? How many "Global President of XYZ bank" do you think there are in Singapore? And how many big 4 equity partners are there?

The stupidity of the responses in this forum truly baffles me sometimes.
Did not say which role. The stupidity of assumptions made really baffles me.

Anyway, comparing JP to Vice President (7 years), VP earns double.

In those 7-10 years when you're progressing to JP, you already lost about half your salary to the IBers (>half a million difference over those 7 to 10 years).

At the top, if you compare MD vs EP, MD can get up to double incl bonus.

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  #7074 (permalink)  
Old 26-06-2020, 07:34 PM
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Did not say which role. The stupidity of assumptions made really baffles me.

Anyway, comparing JP to Vice President (7 years), VP earns double.

In those 7-10 years when you're progressing to JP, you already lost about half your salary to the IBers (>half a million difference over those 7 to 10 years).

At the top, if you compare MD vs EP, MD can get up to double incl bonus.
I mean if youíre in it for the $, yes do a relevant degree and try for IB. Doesnít mean youíll get into IB/thrive in IB/rise the ranks in IB. Takes a certain kind of individual/skill set which can be pretty different from law.
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  #7075 (permalink)  
Old 26-06-2020, 07:34 PM
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Being an IB won't make your traditional Asian parents as proud of you compared to becoming a lawyer.
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  #7076 (permalink)  
Old 26-06-2020, 08:43 PM
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should i work in uk or sg? heard trainees often get abused in sg, is it true?
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  #7077 (permalink)  
Old 26-06-2020, 09:06 PM
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I mean if youíre in it for the $, yes do a relevant degree and try for IB. Doesnít mean youíll get into IB/thrive in IB/rise the ranks in IB. Takes a certain kind of individual/skill set which can be pretty different from law.
But law also has a high attrition rate...

You see most people leaving this rather small industry sooner rather than latet
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  #7078 (permalink)  
Old 26-06-2020, 09:07 PM
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Got pay bump so dramatic meh? Diff btw drew 1PQE vs MBFC T1?
work less earn more?
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  #7079 (permalink)  
Old 26-06-2020, 09:16 PM
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should i work in uk or sg? heard trainees often get abused in sg, is it true?
Not untrue. Singapore culture is just shitty I donít know why, hierarchical and seniors donít treat you like human.
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  #7080 (permalink)  
Old 26-06-2020, 09:21 PM
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im now studying in uk (not oxbridge), is it better to apply for TCs here or uk?
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