Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > Fresh Grad with Masters starting salary in banking

Income and Jobs Discuss jobs, career options and of course salaries




Salary.sg Forums

Thread: Fresh Grad with Masters starting salary in banking Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
09-02-2016 08:57 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
BO can get you about 8K pm with about 4 to 5 years experience. Quite a good deal considering the lighter work load compared to FO.
Agree. BO is the ideal retirement job
06-02-2016 06:16 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Actually, in banking, there's really only front and back office.

Mid office is just meh.
BO can get you about 8K pm with about 4 to 5 years experience. Quite a good deal considering the lighter work load compared to FO.
06-02-2016 02:54 PM
Unregistered Actually, in banking, there's really only front and back office.

Mid office is just meh.
06-02-2016 02:39 PM
Unregistered
Quote:
Originally Posted by SFL View Post
thats the risk with MA programmes. after the MA programme you might get allocated into front office (IBD/ER/ST/AM), mid office(RISK/OPS) or back office (TECH). so if you want to go IBD go IBD.
HAHAHHAHA

You actually put RISK/OPS as mid office? HAHAHHAHA WHAT A JOKE
06-02-2016 12:53 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
My bank (mid-tier) just hired about 20 MBAs in a firm-wide "standard" pay package of US$120,000 excluding bonus. Overpaid in my opinion.
This is firm-wide globally I suppose? As opposed to Singapore office? Since the package is in USD.

What kind of bank? What departments
19-12-2011 05:10 PM
Unregistered My bank (mid-tier) just hired about 20 MBAs in a firm-wide "standard" pay package of US$120,000 excluding bonus. Overpaid in my opinion.
11-07-2011 10:45 AM
SFL thats the risk with MA programmes. after the MA programme you might get allocated into front office (IBD/ER/ST/AM), mid office(RISK/OPS) or back office (TECH). so if you want to go IBD go IBD.
09-07-2011 12:13 AM
Unregistered What about the IB analyst in DBS? Is there a difference whether one gets hired directly into the IB dept vs one who gets into that dept after his/her MA rotations?
30-05-2011 02:02 PM
Unregistered CIMB is a bulge bracket wannabe. In reality their regional large cap equity research is a joke, but because the Malaysian Prime Minister's brother Nazir Razak is the CEO, they get most of the big Malaysian deals (and some foreign) and think they can challenge the big boys. Their regionalization is patchy. They took over a great Singapore firm GK Goh, but it seems to be mediocre now as a Singapore broker. Hong Kong and Thailand are in poor shape despite huge expenditure. Only in Indonesia are a they making any progress.

In theory, a few CIMB people can be paid well due to those large deals sourced from political connections, but in general, if you are a top analyst or investment banker, you wouldn't consider CIMB at all.
28-05-2011 09:20 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Yes. CIMB, DBS, Kim Eng etc are local brokers, not bulge bracket investment banks. They can't attract top foreign grads, so they usually recruit undergraduates from local U. However, usually only the top local grads can get analyst jobs. Typical starting salary is simply what local grads start at around $2-3K/pm. However, if you are good, it could double within a year. However, to get the super salary, you need to make a name for yourself to get a chance to get into bulge bracket, since they don't typically hire analysts from local U (some of them will take in a RA from local U)
CIMB actually pays quite well once you move up the ranks. The base is lower than the BBs but heard the bonus is very good.

I heard their average bonus in one year for their corporate finance team was 2-yrs, with the top guy getting 8-yrs bonus.

not a bad gig at all... but as with most FO roles, not that easy to get in
This thread has more than 10 replies. Click here to review the whole thread.

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT +8. The time now is 06:23 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2