It’s bonus period again. So let’s talk about money and take a look at the outlook of investment banking salary 2010.
Investment banks have been moving their senior management into Asia, typically Hong Kong - HSBC, JPM and so on. The dynamic market of Asia offers great potential for people who want to make big money. If you are planning to move ahead to work in Asia, it’s time to take a look at the income potential here.
Analysts with three years of experience or less can expect to earn HK$500K-800K (US$64K-103K) for corporate finance and DCM, equity research could be slightly lower.
Among the financial hubs in Asia, which is your most preferred city to work in – Hong Kong, Singapore or Shanghai? In terms of income, Hong Kong is the most lucrative. In some cases, a position requiring similar experience, salary in Hong Kong might be up to 50% more than in Singapore.
Hudson has compiled a report comparing the income figures among the three cities - SALARY INFORMATION – ASIA – Banking & Financial Services – 2010. I have a copy of it. Email me at ibankingresumes(at)yahoo(dot)com with a headline ‘Investment Banking Salary 2010’, I’ll email you a copy.
NOTE: As of Q4 2010, I've closed this mailing service. We shall review IB salary early next year.
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