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Topic Review (Newest First)
04-06-2010 06:42 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
You must be the kopi soh.
the cleaner auntie and I both come to work at 7am but she knock off @ 11am while i knock off @ 11 PM
04-06-2010 04:38 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am taking home 1.6k despite working in BB FO...

the banking industry is a joke!!!!!!!!
You must be the kopi soh.
04-06-2010 03:04 PM
Unregistered I am taking home 1.6k despite working in BB FO...

the banking industry is a joke!!!!!!!!

Quote:
Originally Posted by Unregistered View Post
In a typical Investment bank or securities firm, the operations are separated into front office, middle office and back office.

As the name suggest, front office constitutes the research analyst, sales trader and traders including all their desks, corporate finance IB ppl, markets, quants, product specialists, private bankers... basically the side of the business that brings in the money for the company.. they usually only make up 10% or so of the whole company. Bonuses can range from a few months to 30-40 yrs.... Starting pay is typically at least 5-6k to 10-12k. A fresh graduate in such a role can earn up to 500k in a good year.

Middle office are all the product controllers, finance cotnrollers, risk management..... the middle man that manage risk

the back office are made up of settlements... trade processing... compliance.. controls... operations basically with IT... this grp of ppl make up the bulk.. starting pay is 3-4k... bonuses range from 3-30 mths..

Lastly, i think ppl are misinformed.... i think alot of people probably feel that 3.5k is too littel for a starting pay... it sure doesnt pay u enough to live comfortably in sg now. But what they are really missing out on is the prospects... on avg... even an ops analyst in the back office will end up as an avp in 3 -5 yrs... earning abt 6k... vp in 7-10... abt 10k... director abt 12-15 yrs abt 20-30k... by the time they are in their 40s they will definitely receive a salary that will knock you back.. im not even talking abt the front office ppl in the bulge bracket firms... they typically earn enough to retire in 10 yrs... its not their salary thats impresssive.. its in the bonusses.. its astronomical sums, sums that even you cannot imagine of..
28-05-2010 11:53 AM
cupnoodles
Quote:
Originally Posted by Unregistered View Post
In a typical Investment bank or securities firm, the operations are separated into front office, middle office and back office.

As the name suggest, front office constitutes the research analyst, sales trader and traders including all their desks, corporate finance IB ppl, markets, quants, product specialists, private bankers... basically the side of the business that brings in the money for the company.. they usually only make up 10% or so of the whole company. Bonuses can range from a few months to 30-40 yrs.... Starting pay is typically at least 5-6k to 10-12k. A fresh graduate in such a role can earn up to 500k in a good year.

Middle office are all the product controllers, finance cotnrollers, risk management..... the middle man that manage risk

the back office are made up of settlements... trade processing... compliance.. controls... operations basically with IT... this grp of ppl make up the bulk.. starting pay is 3-4k... bonuses range from 3-30 mths..

Lastly, i think ppl are misinformed.... i think alot of people probably feel that 3.5k is too littel for a starting pay... it sure doesnt pay u enough to live comfortably in sg now. But what they are really missing out on is the prospects... on avg... even an ops analyst in the back office will end up as an avp in 3 -5 yrs... earning abt 6k... vp in 7-10... abt 10k... director abt 12-15 yrs abt 20-30k... by the time they are in their 40s they will definitely receive a salary that will knock you back.. im not even talking abt the front office ppl in the bulge bracket firms... they typically earn enough to retire in 10 yrs... its not their salary thats impresssive.. its in the bonusses.. its astronomical sums, sums that even you cannot imagine of..
Thank you!

Its really informative!
27-05-2010 10:20 PM
Unregistered In a typical Investment bank or securities firm, the operations are separated into front office, middle office and back office.

As the name suggest, front office constitutes the research analyst, sales trader and traders including all their desks, corporate finance IB ppl, markets, quants, product specialists, private bankers... basically the side of the business that brings in the money for the company.. they usually only make up 10% or so of the whole company. Bonuses can range from a few months to 30-40 yrs.... Starting pay is typically at least 5-6k to 10-12k. A fresh graduate in such a role can earn up to 500k in a good year.

Middle office are all the product controllers, finance cotnrollers, risk management..... the middle man that manage risk

the back office are made up of settlements... trade processing... compliance.. controls... operations basically with IT... this grp of ppl make up the bulk.. starting pay is 3-4k... bonuses range from 3-30 mths..

Lastly, i think ppl are misinformed.... i think alot of people probably feel that 3.5k is too littel for a starting pay... it sure doesnt pay u enough to live comfortably in sg now. But what they are really missing out on is the prospects... on avg... even an ops analyst in the back office will end up as an avp in 3 -5 yrs... earning abt 6k... vp in 7-10... abt 10k... director abt 12-15 yrs abt 20-30k... by the time they are in their 40s they will definitely receive a salary that will knock you back.. im not even talking abt the front office ppl in the bulge bracket firms... they typically earn enough to retire in 10 yrs... its not their salary thats impresssive.. its in the bonusses.. its astronomical sums, sums that even you cannot imagine of..
10-05-2010 01:52 PM
cupnoodles
Quote:
Originally Posted by Unregistered View Post
Let me google that for you:

Let me google that for you
oh, coz when i googled, receptionist/cust officers came out!

thanks!
09-05-2010 03:00 PM
Unregistered
Quote:
Originally Posted by cupnoodles View Post
such as?

sorry, pls pardon my ignorance.
Let me google that for you:

Let me google that for you
09-05-2010 01:03 PM
Boob Seow I am drawing 9k salary monthly excluding bonuses.

Transport and Mobile allowance total roughly 1.1k

Age coming 30 years

Going to receive 20% increment by end of this month/ June.

Qualifications Master degree and Hons degree both overseas
09-05-2010 02:40 AM
cupnoodles
Quote:
Originally Posted by Unregistered View Post
front office.
such as?

sorry, pls pardon my ignorance.
08-05-2010 08:43 PM
Unregistered
Quote:
Originally Posted by cupnoodles View Post
what is FO?
front office.
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