Fresh Grad with Masters starting salary in banking
I have a first in Economics from OxBridge and a Masters in Finance from a US top 10 university. I have a few job offers in banking. What compensation package should I expect?
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Standard salary from a bulge bracket investment bank (e.g., Goldman, Deutsche, CS) for a "grad" with MBA (e.g., Harvard, Wharton) would be USD100K and a 6 month bonus for the first 1-2 years. If you work in corporate finance, ECM or institutional equities (best to start in research), be prepared to work at least 14-18 hrs a day and travel globally. About half or less of the grads survive the first two years. After about 2 years, you can pull a larger bonus, say 1-2 years and base will rise to about USD150K+, particularly if you get your first promotion to VP from Associate.
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I assume you are looking at Front Office role and you have no prior banking experience. You should at least expect SGD 100k p.a. in base salary for a start. Of course, depending on how you negotiate and what kind of banks (tier 1 investment bank) are offering, I will not be surprised if you can get SGD 120k p.a. or more! Good luck. But what you are paid is what is expected of you. |
What about mid-market IB
Any one has any idea what's the starting pay for local mid-market IB outfits then?
Heard the CIMB IB offers only 3k+ per month for analyst with potenial large bonus...can it really be that low? |
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u from princeton or mit? cambridge chemical engineering... i m servig institutional client in research and i get 1.6k a mth...so dune xpect too much |
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not shingled
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type typical local bank analyst fresh from university would get about $2.5K |
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I heard their average bonus in one year for their corporate finance team was 2-yrs, with the top guy getting 8-yrs bonus. not a bad gig at all... but as with most FO roles, not that easy to get in |
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