Investment Banking Salary 2010 – Asia Pacific

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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Hire an I-Banker to Write Your Resume

I have a piece of good news for you to celebrate my blog’s three year anniversary in March.

Have you ever dreamt of having an investment banker craft your resume into a document that is both perfectly phrased and formatted? Sounds like an expensive, if not unlikely, proposition. Well, there's good news. DreamResume.com can make your resume fantasy come true. They have a team of former bankers ready to provide resume writing services at market rates. I’ve even arranged for my readers to receive a 10% discount for a limited time.

DreamResume.com is founded by two former Wall Street investment bankers, John Zurbach and Grant Hosking. John and Grant read literally hundreds of prospective IB analyst and associate resumes during their banking tenure and have intimate knowledge of the hiring process. "A bulge bracket analyst or associate position has always been very competitive. In today's difficult employment environment, the competition is extreme. Forget typos, bankers are looking for any reason to disqualify prospective hires." says John. Perhaps your resume needs a second look?

The DreamResume.com writing staff knows the exact dos and don’ts that will improve your interview odds. DreamResume.com has helped candidates secure interviews and receive offers at firms such as Barclays, Goldman Sachs, KBW, Lazard, Morgan Stanley, and Stifel Nicolaus. They offer a money back guarantee and work with you one-on-one until you are completely satisfied – so there’s virtually no risk.

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Investment Banking Resume Writing Services

Be a Private Banker in Asia

If you ever fancy private banking be your investment banking career, you might want to consider relocating to Hong Kong. One more senior banker has moved his desk here.

After moving its CEO to Hong Kong in January 2010, HSBC is in advanced discussions to move Chris Meares, the global head of its private bank, from London to Hong Kong.

Apart from HSBC’s senior moves, JPMorgan has just relocated its head of international private banking unit, Douglas Wurth, from New York to Hong Kong in February. “Asia is seeing greater growth in the ultra-high-net-worth space than any other region.” said Douglas.

There are more than 2.4m dollar millionaires in Asia Pacific with a combined wealth of $7,400bn, according to the latest data from Merrill Lynch and Capgemini. The region is forecast to overtake North America as the world’s largest pool of wealth by 2013.


You might want to review my previous post of ‘how to become a private banker’


Investment Banking Interview Guide
Amazing Cover Letter


Doug Wurth - Bio
JPMorgan Private Bank
Doug Wurth is a managing director of JPMorgan Securities Inc and global head of alternatives of JPMorgan Private Bank’s alternative investments group, which supervises over $33 billion in alternative investments including hedge funds, private equity and real estate. Doug is also a director and president of JPMorgan Private Investments Inc, which oversees private investment funds with $5 billion under management. Doug has been with JPMorgan since 1997, when he joined the Bank’s mergers and acquisitions group. He has helped lead the Private Bank’s global alternative investments business while based in San Francisco, London and New York. Prior to joining JPMorgan, he practiced law at the New York firm Skadden, Arps, Slate, Meagher, & Flom, and served as General Counsel to former Senator Robert Dole’s 1996 presidential campaign. Doug holds a B.A. from the University of Notre Dame and a J.D. from the University of Virginia School of Law.



Investment Bankin Career - How to become a private banker