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10-11-2019 03:55 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
this will sound like total bullshit bragging so take it as you will.

starting annual pay in 2010 >> 65k

worked 10 years total with average YoY increment >> 51%

changed jobs 3 times + 1 internal transfer
10 years with YoY 51% with starting 65k means now is annual salary is 4m?
10-11-2019 03:11 PM
Unregistered this will sound like total bullshit bragging so take it as you will.

starting annual pay in 2010 >> 65k

worked 10 years total with average YoY increment >> 51%

changed jobs 3 times + 1 internal transfer
12-05-2016 01:39 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
those of you guys with huge increment in banks....please do not mislead ppl...

there maybe true 2 - 3 years ago but certainly not true in 2014/2015 and certainly NOT this year 2016.

The entire banking industry is tightening their belts now....regardless of the size of the banks (If you haven't heard, Barcaps, DB, ABN-AMRO, ML, JP Morgan, Morgan Stanley, ICBC, Credit Suisse, BNP Paribas are all offloading their staff headcount) and many of these international banks are NOT going to give you big bonuses this year and next...regardless of your job performance (Unless you are a trader/broker that brought in a 10mil deal or a C level executive)......DB in particular is in quite a dire state if you are aware of the news.

if u want to got into banking and expecting a bigger bonuses and pay increment, DBS may be so far the 'safer' route...

stop shooting high % numbers and spreading this misinformation about banking pay increments.
I'm 6 years in foreign bank BO and I second the above. I compare salary quite opening with my peers (FO and BO) and the situation is quite similar across foreign banks. There are so much pressure to reduce cost, even when hiring for new headcount we always consider the cheapest. DBS peers are indeed getting good bonuses (4-6 months) but increment is negligible and they have a much lower base. For sure European Banks like BNP, DB and Barclays are extremely shitty now; I am hearing 5% incre for promotion and barely a month of bonus for good performers.

Quote:
Originally Posted by Unregistered View Post
Please don't go around mud slinging others when you yourself left the BB space long time ago since 2009. Since then your were in insurance and china bank industry which is very different from IIB.

From what I heard pay and bonus wise is still very strong for IB, but headcount is dropping and those who left are not replaced. The issue for most people is not enough jobs to go around rather than pay & bonus is no longer good.
Not sure what you are hearing is for the FO space, where most can't be bothered to be in forum anyway ,and the situation is more extreme (either doing very well or very badly), OR you been misled. I do not deny there could be outliers but the general scene depicted by the first commenter is more the current situation.
10-05-2016 09:16 AM
ds84 If i were to job hop, would the company ask for my payslips? If so, is it mandatory to give them?
09-05-2016 05:05 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
To add on (i am the unregistered above), i worked in DB for 3 years, MSIG for 3 years and currently in ICBC for 2.5 years already....i know what i am talking about in terms of the banking industry and how well they paid.......

so sometimes, i see ppl posting blatant lies and misinformation and it pissed me off.

Just because you are hired in an international investment bank in the front/middle/back office/trading floor, doesnt mean you get at least 10K+ and 6 months bonus.....

DB used to have near 500 headcounts back when i was working there (2006-2009), do you really think everyone get 7-8K? Heck, majority of them don't even get 5K monthly.

And many of the 'Assistant Vice President' are just glorified titles.....6-7k max......bonuses in the banking industry is heavily dependent on global macroeconomics than your personal performance. You can be employee of the year but if the bank is not performing, your bonus will still be **** (unless you are C level execs in which your bonuses are fixed to a certain rate based on your contract).
Please don't go around mud slinging others when you yourself left the BB space long time ago since 2009. Since then your were in insurance and china bank industry which is very different from IIB.

From what I heard pay and bonus wise is still very strong for IB, but headcount is dropping and those who left are not replaced. The issue for most people is not enough jobs to go around rather than pay & bonus is no longer good.
09-05-2016 04:12 PM
Unregistered To add on (i am the unregistered above), i worked in DB for 3 years, MSIG for 3 years and currently in ICBC for 2.5 years already....i know what i am talking about in terms of the banking industry and how well they paid.......

so sometimes, i see ppl posting blatant lies and misinformation and it pissed me off.

Just because you are hired in an international investment bank in the front/middle/back office/trading floor, doesnt mean you get at least 10K+ and 6 months bonus.....

DB used to have near 500 headcounts back when i was working there (2006-2009), do you really think everyone get 7-8K? Heck, majority of them don't even get 5K monthly.

And many of the 'Assistant Vice President' are just glorified titles.....6-7k max......bonuses in the banking industry is heavily dependent on global macroeconomics than your personal performance. You can be employee of the year but if the bank is not performing, your bonus will still be **** (unless you are C level execs in which your bonuses are fixed to a certain rate based on your contract).
09-05-2016 03:36 PM
Unregistered those of you guys with huge increment in banks....please do not mislead ppl...

there maybe true 2 - 3 years ago but certainly not true in 2014/2015 and certainly NOT this year 2016.

The entire banking industry is tightening their belts now....regardless of the size of the banks (If you haven't heard, Barcaps, DB, ABN-AMRO, ML, JP Morgan, Morgan Stanley, ICBC, Credit Suisse, BNP Paribas are all offloading their staff headcount) and many of these international banks are NOT going to give you big bonuses this year and next...regardless of your job performance (Unless you are a trader/broker that brought in a 10mil deal or a C level executive)......DB in particular is in quite a dire state if you are aware of the news.

if u want to got into banking and expecting a bigger bonuses and pay increment, DBS may be so far the 'safer' route...

stop shooting high % numbers and spreading this misinformation about banking pay increments.
09-05-2016 09:42 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.
The poster above mentioned $8-9k with 5 years experience. Is that with bonuses or not?
08-05-2016 08:13 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.
I work at a foreign investment bank BO. monthly bonus is only 1-2 months maximum. Salary is not that great either. Only 4.5k. Work for one year since graduation
08-05-2016 07:34 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
How many months bonus? What is the annual package?
Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.
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