Do you work in M&A or capital markets in Singapore? Are you looking to see how your investment banking salary and bonus stack up against the market average?
We’ve averaged out Singapore investment banking salary surveys from several recruitment agencies to produce the table below, which shows base pay (and bonus ranges) from analyst to managing director (MD) level.
As investment banks in Singapore cut expensive underperforming senior bankers, upward pressure on salaries is now mainly focused on the junior and middle ranks.
“For directors and above, base salaries year-on-year are flat, but we’ve seen some investment banks increase salaries for staff up to VP level,” says Pan Zaixian, general manager of recruiters Kerry Consulting in Singapore.
“There’s been some pressure on salaries at investment banks in the past year mainly to offset bonuses, which have been weak,” adds Gary Lai, managing director, Southeast Asia, at recruiters Charterhouse Partnership.
It’s now rare even for MDs to pocket bonuses in excess of their base salaries – top performers are lucky to receive 93% (the top range). “Bonuses have come down significantly over the past four years in Singapore,” says Farida Charania, Asia Pacific CEO of search firm Nastrac Group.
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