Here’s how much your salary and bonus will be at Bank of America Merrill Lynch in Hong Kong

eFC logo
Here’s how much your salary and bonus will be at Bank of America Merrill Lynch in Hong Kong

If you want to join a (comparatively) stable investment bank in Hong Kong right now, Bank of America Merrill Lynch might well be on your radar. While firms such as Deutsche Bank, HSBC and Societe Generale have announced front-office Asian layoffs this year, BAML has generally held back. The bank has also reshuffled its senior leadership in Asia. In July, it appointed Peter Guenthardt, previously country executive for Singapore and Southeast Asia, as co-head of Asia Pacific investment banking, working alongside Alex To.

Although the US firm doesn’t feature highly in individual M&A, ECM or DCM league tables in Asia, it does place a fairly respectable eighth for overall APAC (international and ex-Japan) IB revenue for the first half of 2019, according to Dealogic. Meanwhile, 2018 Asian revenue before expenses at BAML increased 28% to $865m year on year, according to the bank’s annual report (its quarterly results don’t break out figures by geography).

But if you’re a candidate for a front-office job at Bank of America Merrill Lynch in Hong Kong, you won’t just be reviewing these numbers – you’ll also want a broad overview of how much you’re likely to be paid at BAML. To find out more about front-office IB salaries and bonuses at BAML in Hong Kong, we looked through pay figures on Glassdoor across the three seniority levels that the website has sufficient data for: analyst, vice president, and senior vice president.

Pay at BAML obviously varies from employee to employee, so the figures in the table below should be seen as approximate guidance. Moreover, we only reviewed high-range Hong Kong salaries and cash bonuses at BAML, because they reflect the earnings of front-office investment bankers.

Bank of America Merrill Lynch did not respond to a request to comment on its Hong Kong compensation.

How much will your salary and bonus be at Bank of America Merrill Lynch in Hong Kong?

If you’re a junior investment banker at Bank of America Merrill Lynch in Hong Kong, expect to receive an annual base salary in the region of HK$727k, although your exact pay will depend on whether you are a first, second or third-year analyst.

By the time you reach vice president (VP) as an investment banker at BAML in Hong Kong, your pay will be significantly higher – you’ll earn around HK$1,200k, according to Glassdoor data. Depending on performance, cash bonuses at this level are about HK$350k, taking approximate total compensation to about HK$1,550k.

Senior vice presidents (SVPs), meanwhile, can potentially take home HK$1,834k base salaries at Bank of America Merrill Lynch in Hong Kong. SVP bonuses are about HK$387k, according to the self-reported Glassdoor numbers.

Investment banking salaries and bonuses at Bank of America Merrill Lynch in Hong Kong

Image credit: Getty, tupungato

Have a confidential story, tip, or comment you’d like to share? Email: smortlock@efinancialcareers.com or Telegram: @simonmortlock

We are on Telegram! Join us now 

Related articles

Popular job sectors

Loading...

Search jobs

Search articles

Close
Loading...