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Yesterday 04:51 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
And they are more numerous. They can feed 3 villages with the salary paid to 1 singaporean
Not only that, the hiring manager gets a monthly kickback, likely paid quietly in the old country, for choosing to employ him.
15-09-2021 11:53 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Cheaper? For sure.

Faster in terms of what? I have seen lazy and slow cecas too. Whether they pretend to be slow is another matter.

Politically astute... Agree with this. The average sinkie is retarded in managing office relationships.

Complain less. Not sure if this is a good thing. It means you will be willing to kio sai and be undercut.
Complain less. Not sure if this is a good thing. It means you will be willing to kio sai and be undercut.

That is the main reason they get the job.
14-09-2021 10:44 PM
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Quote:
Originally Posted by sampz View Post
For BBs & some other MMs, IB & S&T pre 2021 (there was recently a raise) both pay fresh grads a base salary of 9.5-10k/mth, with bonus ranging quite widely. This much I can personally confirm from my own experience, though there will be a raise to somewhere around 11-12k/mth for 2022 fresh grads & summer interns.

Heard stories of IBD bonuses hitting up to 100-120% of base for top buckets at stronger banks, but the norm is likely slightly below, maybe 80%? S&T bonuses tend to be a bit lower on average, given that they work 60-70% of IBD hours, have heard stories of 40-60% base being the norm. But these bonus stories are just based on hearsay, I haven't received my first bonus yet. Still, yearly all-in compensation (pre-raise) should have been safely about 200k++ for IBD, and 160k++ in S&T.

In 5 years, associates/AVPs should expect to more or less have doubled their total comp, but variance will be a bit high. For example, a good trader could possibly have already been made VP and be managing 10++m of PnL yearly, while many others could be getting mediocre bonuses due to poor performance, meaning they are likely to leave/be culled soon. Can't give meaningful figures here, as simple average figures are vulnerable to survivorship bias.

Don't know how much AM pays in Singapore
Thanks for this, this is insightful, seems like high finance is still relatively competitive compared to tech
13-09-2021 11:27 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
They may or may not be smarter than Singaporeans. But they are definately cheaper, faster, politically astute and more importantly complain much less than singaporeans.
Cheaper? For sure.

Faster in terms of what? I have seen lazy and slow cecas too. Whether they pretend to be slow is another matter.

Politically astute... Agree with this. The average sinkie is retarded in managing office relationships.

Complain less. Not sure if this is a good thing. It means you will be willing to kio sai and be undercut.
13-09-2021 08:32 AM
Unregistered Any lawyer turned IB/PE analysts? Curious to find out if the transition is welcomed by the high finance industry.
13-09-2021 08:17 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
They may or may not be smarter than Singaporeans. But they are definately cheaper, faster, politically astute and more importantly complain much less than singaporeans.
And they are more numerous. They can feed 3 villages with the salary paid to 1 singaporean
12-09-2021 08:39 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
If you really think the average ceca is smarter than you, then you deserve to lose your job to them
They may or may not be smarter than Singaporeans. But they are definately cheaper, faster, politically astute and more importantly complain much less than singaporeans.
12-09-2021 07:58 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
You are right. Most of the BO and MO guys don't get paid anywhere near what was quoted. In fact many BO or MO esp in less prestigious firms may not even touch $10k p.m. even after 10 years of experience. Unless one has skill which are very rare or in demand, like quants. Even if you are paid a big sum of money, you will be constantly be in fear of losing your job since competition is great from foreigners esp folks from India who are younger, faster, smarter and most importantly cheaper.
If you really think the average ceca is smarter than you, then you deserve to lose your job to them
12-09-2021 06:21 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
sorry. may i know what is really high finance ?

Are these hedge fund manager ? your KPI is based on the ROI of the fund under management which resulted in the high earning/bonus payout ?

Apart from that, as BO or MO, i suppose is about support, providing analysis, risk management, compliance related stuff. Why would company pay a high annual package for them ?

i might be wrong, wish to understand more about "high finance".
You are right. Most of the BO and MO guys don't get paid anywhere near what was quoted. In fact many BO or MO esp in less prestigious firms may not even touch $10k p.m. even after 10 years of experience. Unless one has skill which are very rare or in demand, like quants. Even if you are paid a big sum of money, you will be constantly be in fear of losing your job since competition is great from foreigners esp folks from India who are younger, faster, smarter and most importantly cheaper.
12-09-2021 05:47 PM
Unregistered sorry. may i know what is really high finance ?

Are these hedge fund manager ? your KPI is based on the ROI of the fund under management which resulted in the high earning/bonus payout ?

Apart from that, as BO or MO, i suppose is about support, providing analysis, risk management, compliance related stuff. Why would company pay a high annual package for them ?

i might be wrong, wish to understand more about "high finance".
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