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Fresh Grad with Masters starting salary in banking

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  #11 (permalink)  
Old 30-05-2011, 02:02 PM
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CIMB is a bulge bracket wannabe. In reality their regional large cap equity research is a joke, but because the Malaysian Prime Minister's brother Nazir Razak is the CEO, they get most of the big Malaysian deals (and some foreign) and think they can challenge the big boys. Their regionalization is patchy. They took over a great Singapore firm GK Goh, but it seems to be mediocre now as a Singapore broker. Hong Kong and Thailand are in poor shape despite huge expenditure. Only in Indonesia are a they making any progress.

In theory, a few CIMB people can be paid well due to those large deals sourced from political connections, but in general, if you are a top analyst or investment banker, you wouldn't consider CIMB at all.

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  #12 (permalink)  
Old 09-07-2011, 12:13 AM
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What about the IB analyst in DBS? Is there a difference whether one gets hired directly into the IB dept vs one who gets into that dept after his/her MA rotations?



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  #13 (permalink)  
Old 11-07-2011, 10:45 AM
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thats the risk with MA programmes. after the MA programme you might get allocated into front office (IBD/ER/ST/AM), mid office(RISK/OPS) or back office (TECH). so if you want to go IBD go IBD.

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  #14 (permalink)  
Old 19-12-2011, 05:10 PM
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My bank (mid-tier) just hired about 20 MBAs in a firm-wide "standard" pay package of US$120,000 excluding bonus. Overpaid in my opinion.
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  #15 (permalink)  
Old 06-02-2016, 12:53 PM
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Quote:
Originally Posted by Unregistered View Post
My bank (mid-tier) just hired about 20 MBAs in a firm-wide "standard" pay package of US$120,000 excluding bonus. Overpaid in my opinion.
This is firm-wide globally I suppose? As opposed to Singapore office? Since the package is in USD.

What kind of bank? What departments
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  #16 (permalink)  
Old 06-02-2016, 02:39 PM
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Quote:
Originally Posted by SFL View Post
thats the risk with MA programmes. after the MA programme you might get allocated into front office (IBD/ER/ST/AM), mid office(RISK/OPS) or back office (TECH). so if you want to go IBD go IBD.
HAHAHHAHA

You actually put RISK/OPS as mid office? HAHAHHAHA WHAT A JOKE
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  #17 (permalink)  
Old 06-02-2016, 02:54 PM
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Actually, in banking, there's really only front and back office.

Mid office is just meh.
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  #18 (permalink)  
Old 06-02-2016, 06:16 PM
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Actually, in banking, there's really only front and back office.

Mid office is just meh.
BO can get you about 8K pm with about 4 to 5 years experience. Quite a good deal considering the lighter work load compared to FO.
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  #19 (permalink)  
Old 09-02-2016, 08:57 PM
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Quote:
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BO can get you about 8K pm with about 4 to 5 years experience. Quite a good deal considering the lighter work load compared to FO.
Agree. BO is the ideal retirement job
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