| 13-04-2016 02:54 PM |
| Unregistered |
Quote:
Originally Posted by actuary
How is person promoted in BB?I know that qualified actuary can promote very fast but I don't know if a person can promote to SVP or director with average performance for 10~20 years.
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Possible, a lot of SVPs are quite young in their early 30s. But sometimes its about luck and who you know.
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| 13-04-2016 02:49 PM |
| actuary |
Quote:
Originally Posted by Unregistered
Quite reasonable range credit 45k base. Would say probably 45-55k base for average BB.
This is for normal corporate credit analyst.
The very astronomical pay for credit would likely involve writing the credit analysis for origination, capital markets/ipo. Which are the investment bankers in BB
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How is person promoted in BB?I know that qualified actuary can promote very fast but I don't know if a person can promote to SVP or director with average performance for 10~20 years.
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| 13-04-2016 02:30 PM |
| Unregistered |
Quite reasonable range credit 45k base. Would say probably 45-55k base for average BB.
This is for normal corporate credit analyst.
The very astronomical pay for credit would likely involve writing the credit analysis for origination, capital markets/ipo. Which are the investment bankers in BB
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| 13-04-2016 02:14 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
For entry level roles in foreign BBs, operational risk analysts start at 38k, credit risk at 42-45k, and market risk at 50-60k. I am not sure about the pay structure as progression goes on however. This is just for base. I hear that risk bonus is higher than that of back office roles, but how much higher I am not sure.
I'd like to also add that a growing number of people in risk come from MFE/PHD programs. Depending on their level of experience they may start out as AVP/associate level already.
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You're right on the numbers.
While some others and their talk of making 200k in 2-3 years... Yeah, sure.
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| 13-04-2016 01:10 AM |
| Unregistered |
For entry level roles in foreign BBs, operational risk analysts start at 38k, credit risk at 42-45k, and market risk at 50-60k. I am not sure about the pay structure as progression goes on however. This is just for base. I hear that risk bonus is higher than that of back office roles, but how much higher I am not sure.
I'd like to also add that a growing number of people in risk come from MFE/PHD programs. Depending on their level of experience they may start out as AVP/associate level already.
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| 13-04-2016 12:05 AM |
| Unregistered |
Quote:
Originally Posted by actuary
Thank you for your reply!
Are you work in risk management role in IB?
I saw from other forum that graduates from NUS and NTU MFE ,SMU MQF can get such roles probably, is that true?
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I am a buy side analyst, so not really risk management per se. Yes it is possible to get into investment banking with just a local degree, but the catch is you must have at least minimally a summer internship with a leading bulge bracket and ideally some connections with relevant senior bankers who vouch for you.
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| 12-04-2016 07:16 PM |
| actuary |
Quote:
Originally Posted by Unregistered
There are people who reach AVP in 2 years. AVP isn't very big anyway.
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Thank you for your reply!
Are you work in risk management role in IB?
I saw from other forum that graduates from NUS and NTU MFE ,SMU MQF can get such roles probably, is that true?
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| 12-04-2016 07:11 PM |
| Unregistered |
Quote:
Originally Posted by actuary
Any suggestions?Is risk management job in IB really that high? 4~5years can reach AVP?
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There are people who reach AVP in 2 years. AVP isn't very big anyway.
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| 12-04-2016 06:24 PM |
| actuary |
Any suggestions?Is risk management job in IB really that high? 4~5years can reach AVP?
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| 11-04-2016 06:57 PM |
| actuary |
Quote:
Originally Posted by Unregistered
Qualified actuary needs many years of studying for cert. You either can do it or cannot.
Risk management in IB is relatively easy to reach 200k - 2-3 years if you are really good, maybe 4-5 years if average. But to get into risk in IB for bulge bracket is very hard because of competition.
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Thank you for your reply!Are you from investment bank?
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