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15-08-2020 10:16 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hi, am interested in this too, would like to break into corporate banking. Particularly looking to be RM a few years down the road, currently looking at graduate analyst programs.

Currently second upper, finance major, local uni, with 1 non-finance internship at an MNC.

Do I even stand a chance?
A RM is not a technical role at all, getting a good starting position out of school depends almost entirely on your networking. Second upper at local uni is fine. Get meeting people.
15-08-2020 03:24 AM
Unregistered Hi, am interested in this too, would like to break into corporate banking. Particularly looking to be RM a few years down the road, currently looking at graduate analyst programs.

Currently second upper, finance major, local uni, with 1 non-finance internship at an MNC.

Do I even stand a chance?
04-08-2020 10:57 PM
sinkingfeeling
Quote:
Originally Posted by gutenberg03129g View Post
Ah I see. I was confused - I thought that was the range in base pay for BBs alone.
Are you Caucasian? If yes, you can easily get both women and jobs, no problem
04-08-2020 08:52 PM
gutenberg03129g
Quote:
Originally Posted by Unregistered View Post
4.5 to 6 is not a wide range at all? It's a very small one, and an accurate estimate for what you will get for a backend role at local bank to BB.
Ah I see. I was confused - I thought that was the range in base pay for BBs alone.
04-08-2020 05:34 PM
Unregistered
Quote:
Originally Posted by gutenberg03129g View Post
Was actually thinking more of the transaction payments side instead of handling debt. I am curious though because it seems thereís a huge range in what people think ought to be the entry salary for corporate banking esque roles at BBs, from 4.5k to 6k. Is there any reason why this is? If itís much closer to a backend salary then I may well focus on a backend role instead.
4.5 to 6 is not a wide range at all? It's a very small one, and an accurate estimate for what you will get for a backend role at local bank to BB.
04-08-2020 04:16 PM
gutenberg03129g
Quote:
Originally Posted by Unregistered View Post
Corporate Banking credit analyst you mean? Dead end role. Eventually you'll have to choose to be either a specialist career credit analyst, become a relationship manager and do sales or if you are very lucky get into Risk Management and be credit evaluation/approval.

1. Entry level pay - Anything from $2k+ a month for the chinese banks to $6k a month for the bigger American banks.

2. Quite competitive. Everyone in Singapore including boatloads of foreigners all want to be in banking in Singapore. If you have to compete with someone from India who has a masters degree + 3 years credit analyst experience and asking for a lower pay than you to take an entree level position, you know you are screwed. Knowing how to speak, understand, read and write chinese certainly will be your competitive advantage.

3. For me almost the same. Not much difference
Was actually thinking more of the transaction payments side instead of handling debt. I am curious though because it seems thereís a huge range in what people think ought to be the entry salary for corporate banking esque roles at BBs, from 4.5k to 6k. Is there any reason why this is? If itís much closer to a backend salary then I may well focus on a backend role instead.
01-08-2020 04:03 PM
Unregistered
Quote:
Originally Posted by gutenberg03129g View Post
Hey all! I'm currently studying at an overseas university and am looking to get into Corporate Banking, specifically the Trade Finance / Transaction Payments side of things. I haven't really found a lot of info on the CB scene in Singapore, especially for the BBs. I'm particularly interested in the following:
  1. What's the pay like for entry-level analysts in the Corporate Banking divisions of BBs and MBBs?
  2. How competitive is it to enter CB if I study at a local university as compared to an overseas one, such as the London consortium of unis (LSE, UCL, ICL etc.)?
  3. Generally, what's your experience like, and how does it compare/do you think it compares to the CB divisions at the NYC/London/other offices?

Hopefully I'm not asking too many questions or sounding too stupid here; I'm new to this place and really just starting out my career journey. Thank you so much for your reading this and hope you have a great week ahead.
Corporate Banking credit analyst you mean? Dead end role. Eventually you'll have to choose to be either a specialist career credit analyst, become a relationship manager and do sales or if you are very lucky get into Risk Management and be credit evaluation/approval.

1. Entry level pay - Anything from $2k+ a month for the chinese banks to $6k a month for the bigger American banks.

2. Quite competitive. Everyone in Singapore including boatloads of foreigners all want to be in banking in Singapore. If you have to compete with someone from India who has a masters degree + 3 years credit analyst experience and asking for a lower pay than you to take an entree level position, you know you are screwed. Knowing how to speak, understand, read and write chinese certainly will be your competitive advantage.

3. For me almost the same. Not much difference
31-07-2020 11:05 PM
Unregistered
Quote:
Originally Posted by gutenberg03129g View Post
Hey all! I'm currently studying at an overseas university and am looking to get into Corporate Banking, specifically the Trade Finance / Transaction Payments side of things. I haven't really found a lot of info on the CB scene in Singapore, especially for the BBs. I'm particularly interested in the following:
  1. What's the pay like for entry-level analysts in the Corporate Banking divisions of BBs and MBBs?
  2. How competitive is it to enter CB if I study at a local university as compared to an overseas one, such as the London consortium of unis (LSE, UCL, ICL etc.)?
  3. Generally, what's your experience like, and how does it compare/do you think it compares to the CB divisions at the NYC/London/other offices?

Hopefully I'm not asking too many questions or sounding too stupid here; I'm new to this place and really just starting out my career journey. Thank you so much for your reading this and hope you have a great week ahead.
1. Most graduate roles (excluding IB/S&T/Tech) for freshers hover around 50K SGD p.a. for bulge brackets.

2. As long as your undergrad deals with basic quantitative stuff, youíre good to go. Honestly I think even FASS kids nowadays have taken an introductory stats module. Just remember not to screw up your psychometric tests to land a callback. Thatís more important!

3. Canít comment.
31-07-2020 01:04 PM
gutenberg03129g Sorry just came back to this and realised I mistook the name for Middle Markets as Middle Bulge Brackets, which happens to share the same initials as the Big Three consulting. Was not referring to that at all, my bad.
31-07-2020 08:54 AM
gutenberg03129g
Corporate Banking Analyst

Hey all! I'm currently studying at an overseas university and am looking to get into Corporate Banking, specifically the Trade Finance / Transaction Payments side of things. I haven't really found a lot of info on the CB scene in Singapore, especially for the BBs. I'm particularly interested in the following:
  1. What's the pay like for entry-level analysts in the Corporate Banking divisions of BBs and MBBs?
  2. How competitive is it to enter CB if I study at a local university as compared to an overseas one, such as the London consortium of unis (LSE, UCL, ICL etc.)?
  3. Generally, what's your experience like, and how does it compare/do you think it compares to the CB divisions at the NYC/London/other offices?

Hopefully I'm not asking too many questions or sounding too stupid here; I'm new to this place and really just starting out my career journey. Thank you so much for your reading this and hope you have a great week ahead.

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