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

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > Retrenched Investment Bankers (Where do they go to?)

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




Salary.sg Forums

Thread: Retrenched Investment Bankers (Where do they go to?) 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)
09-05-2017 01:03 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
mostly right. except for the first line. your salary is highly dependent on your rank (analysts earn 9 to 10k only for example). also to the previous poster, a first year analyst at tier 1 BB M&A typically earns SGD 140k.
How about first year VP. Is 400k p.a. possible?
03-05-2017 12:06 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Fellas, a simple fx sales person in a bulge bracket commands approx 25k per month. Most of them are ivy league students, a fraction are the lucky ones who managed to sneak themselves in through referrals. It is very difficult to get into front office. I work in a bulge bracket but not in the front office. We are the peasants, 2nd tier citizens of the company. Take care.
I don't think the referral part is really true. There are local uni students who managed to get into front office of bulge brackets, and it was because in the first place, they managed to secure summer internships and performed well, and hence ended up getting retained. Of course, I've to emphasize that these students are the best of the best among their cohort -- they could've enrolled into the top US and UK unis but they stayed in SG for whatever reason. Browsing through Linkedin I saw top SMU students joining Goldman Sachs, Morgan Stanley and even elite boutiques like Evercore as a fresh graduate.
02-05-2017 10:39 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Fellas, a simple fx sales person in a bulge bracket commands approx 25k per month. Most of them are ivy league students, a fraction are the lucky ones who managed to sneak themselves in through referrals. It is very difficult to get into front office. I work in a bulge bracket but not in the front office. We are the peasants, 2nd tier citizens of the company. Take care.
mostly right. except for the first line. your salary is highly dependent on your rank (analysts earn 9 to 10k only for example). also to the previous poster, a first year analyst at tier 1 BB M&A typically earns SGD 140k.
02-05-2017 09:49 PM
Unregistered Fellas, a simple fx sales person in a bulge bracket commands approx 25k per month. Most of them are ivy league students, a fraction are the lucky ones who managed to sneak themselves in through referrals. It is very difficult to get into front office. I work in a bulge bracket but not in the front office. We are the peasants, 2nd tier citizens of the company. Take care.
02-05-2017 02:52 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
For curiosity's sake, what is the overall annual compensation to be expected for a year 1 analyst doing M&A at a bulge bracket?
Minimum of SGD 120k. If your desk does well, expect a 3 month bonus at least.
02-05-2017 02:05 PM
Unregistered For curiosity's sake, what is the overall annual compensation to be expected for a year 1 analyst doing M&A at a bulge bracket?
29-04-2017 06:58 PM
Unregistered The very successful IBs will just retire and enjoy life. They made so much fortune so why worry about finances. Retrenched engineers will become taxi or Uber drivers.


Quote:
Originally Posted by Water View Post
Hi everyone, I'm curious if anyone has any idea where do retrenched investment bankers in Singapore usually end up at? I've heard from news sources quite frequently that numerous have been retrenched due to the unfavourable market in South-East Asia.

I would imagine that investment bankers would typically be highly driven and smart, and thus would seek great alternatives around. I've also read recently in an article that an Investment Banking Director opened up his own website as he could not find any other IB jobs around. He also mentioned about the tough market conditions, and that he knows of others who also could not find jobs.

I'm wondering if anyone here has any stories to share?
29-04-2017 06:01 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Isn't Houlihan Lokey considered MM?
think MM is more like a catchall term for anything you cannot classify as a bulge or elite boutique. like hsbc or nomura, like they're definitely not BBs but neither are they boutique. the line is never clear because MM is supposed to suggest smaller (literally middle market) deal sizes on average but some elite boutiques do both megadeals and MM deals. granted HL is often classified as MM but they command so much respect these days i put them on the same level as an elite boutique
26-04-2017 06:20 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
dont want to burst your bubble but SG$12k-14k is the starting pay for investment banking fresh grads at most bulge brackets like jpm ms gs barclays ubs cs and even MMs like hsbc don't pay too far off. it is the industry standard. the previous poster was likely referring to a sales person (probably a senior personal banker at a retail bank, or perhaps an A3/associate working in the sales and trading division of a bulge bracket). investment banking does pay among the top of all salaried jobs in the universe... an acquaintance of mine got poached 2 years out of university from a bulge to a top boutique, think HL/greenhill/moelis. slightly over 20k monthly, base.

the previous posters are right that you can easily retire in your mid 30s comfortably if you lead a normal lifestyle, you don't even have to be frugal. but i don't think it ever happens cuz young ppl these days just want to show off. and showing off is the only way you get to hang with the big boys, especially if you wanna be in IBD for the long haul.
Isn't Houlihan Lokey considered MM?
09-04-2017 06:06 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am really surprised to read that investment bankers and senior bankers are earning only $12k to $14k pm. Thought they were all boasting that they earn big bucks.

If $12k to $14k pm was their actual salaries then many are really living beyond their means.

So would you prefer "High" salaries but short shelf life or slow but steady progression till retirement at 55 or 65.

I am in the slow but steady type of profession. Starting salary was really low (below $2k) and current pay above those investment and senior bankers and into my 32nd year of work.

Because of the initial low salary, I built up the habit of frugal and simple living. We currently own 2 condos and 2 cars (mass market type, nothing fancy) and our passive income is $150k pa.
dont want to burst your bubble but SG$12k-14k is the starting pay for investment banking fresh grads at most bulge brackets like jpm ms gs barclays ubs cs and even MMs like hsbc don't pay too far off. it is the industry standard. the previous poster was likely referring to a sales person (probably a senior personal banker at a retail bank, or perhaps an A3/associate working in the sales and trading division of a bulge bracket). investment banking does pay among the top of all salaried jobs in the universe... an acquaintance of mine got poached 2 years out of university from a bulge to a top boutique, think HL/greenhill/moelis. slightly over 20k monthly, base.

the previous posters are right that you can easily retire in your mid 30s comfortably if you lead a normal lifestyle, you don't even have to be frugal. but i don't think it ever happens cuz young ppl these days just want to show off. and showing off is the only way you get to hang with the big boys, especially if you wanna be in IBD for the long haul.
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 06:29 AM.


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