If you’re looking for an investment banking job in Singapore, Morgan Stanley is one of the hot firms to work for in the current market. Morgan Stanley has just risen 22 places year on year to rank fifth in Dealogic’s new table for Singapore and Malaysia IB revenue during the first nine months of 2019. And it's in fourth place for the whole of Asia ex-Japan. Meanwhile, Morgan Stanley’s investment bankers are increasingly winning deals generated from billionaire private banking clients as CEO James Gorman focuses on expanding in Asian wealth management.
But you won’t want to join the US bank purely for its deal-making prowess – it’s also good to know about Morgan Stanley’s salaries and bonuses in Singapore. Although precise information about how much Morgan Stanley pays its investment bankers in Singapore is hard to find (and pay packages vary for each new hire), the website Glassdoor does provide a general overview of average compensation.
How much do bankers get paid at Morgan Stanley in Singapore?
We looked through Glassdoor’s figures across the three broad levels of seniority that it has sufficient data for: analyst, vice president and executive director. We only reviewed high-range Singapore salaries and cash bonuses at Morgan Stanley, because they best reflect the earnings of front-office investment bankers. The results (which are approximate rather than definitive) are displayed in the table below.
A spokesperson for Morgan Stanley declined to comment on the bank’s pay.
If you move to Morgan Stanley as an analyst, expect to be well rewarded for someone still in their early to mid-20s. Annual base salaries for front-office investment bankers at that level are about S$115k on average. If you perform well, you could also receive a cash bonus of up to S$65k, although that kind of payout is more likely to be given to third-year analysts rather than those fresh out of university.
If you want a salary of more than S$200k as a Morgan Stanley banker in Singapore, you’ll probably need to reach vice president level. Morgan Stanley pays front-office VPs approximately S$224k a year, with potential cash bonuses of S$95k, depending on performance. If you get to executive director rank, expect to earn around S$262k a year as a base salary at Morgan Stanley in Singapore.
Investment banking salaries and bonuses at Morgan Stanley in Singapore
Image credit: J2R, Getty
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