Fresh Grad with Masters starting salary in banking

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.

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?

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.

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.

Originally Posted by Unregistered

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

Originally Posted by SFL

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

Actually, in banking, there's really only front and back office.

Mid office is just meh.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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