17-04-2015 01:59 AM | ||
Unregistered | I apologize for reviving a year old thread, but does anyone know what the pay is like for corp bankers in Singapore (base and bonus)? | |
18-05-2014 10:27 PM | ||
Jobs | Hi all, thanks for the insights. They helped me a lot in understanding the two roles from the perspective of an undergrad. | |
18-05-2014 08:51 AM | ||
Unregistered |
Real deal I'll give u the answer straight. If u join corp banking as an assistant RM(associate) first, after a few years, you'll have a good chance of becoming an RM. If u join PB as an assistant RM aka RO, u will remain stuck in that role. 90% of ROs do not become private bankers simply because no bank will spoonfeed u with their high net worth clients portfolios. The minority who do so are either very lucky, or have proven themselves to be exceptional (for eg. by completing CFA and MFE, which RO rarely possess. Still it's not a guarantee u can switch to PB) You'll have a better chance of becoming PB if u work in banks as priority bankers first doing sales (1 tier lower than PB) Lastly fyi, Senior corp bankers can switch to PB but not the other way around, reason being corp bankers have r/s with CFOs, CEOs, but private bankers have no relevant corp banking experience including credit analysis, transaction banking etc |
|
18-05-2014 12:08 AM | ||
Unregistered |
Quote:
1. Grad top of your cohort and apply for MA position, you can ask for corp banking as rotation 2. internship/contract, usually at BO. Hope that you perform well to get a prem position and work yourself to FO from there 3. Join Business Banking and progress to enterprise than corp banking. these are for RM position, investment banker? min get your CFA first For Private Banking 1. usual route of mass banking then affluent banking(preferably offshore). once you have the experience and the ability to bring HNW customers, you will be considered. otherwise why would they bother entertaining you right? 2. again enter via BO in ops role then hope to transfer into service RM role, then full fledge RM 3. you are born rich and have the connections. |
|
17-05-2014 11:32 PM | ||
Jobs |
Quote:
I'm currently an undergrad, and am aspiring to join corp/private banking. From what I understand, fresh grads are offered roles that assist the actual RM in PB/CB. They'll then takeover as an RM once they have gathered sufficient experience. Nevertheless, even those positions are really difficult to obtain for fresh grads. |
|
17-05-2014 10:54 PM | ||
Unregistered |
Quote:
May I ask what roles were you offered? Or you are aspiring to join corp banking/PB? |
|
17-05-2014 11:40 AM | ||
Jobs |
Prospects of Corporate Banking & Private Banking Does anyone know what are the prospects of Corporate Banking and Private Banking in Singapore? What are the market rates for a fresh grad joining any of these two functions, and the subsequent progression? Also, given a choice, which would you prefer? I'll appreciate any replies. Thanks. |