What are starting investment banking salaries + working hours?
And how much do you earn by your 2nd, 5th, 10th year and so forth? I'm thinking in New York or Montreal. I know there are very many designations, but in general, if you've completed your MBA or major in finance with honors, how much should you expect
MBA in Finance and an undergraduate degree in Finance would mean very different things at the start. However, investment banking as a career would not necessarily require any advanced degrees in order to do well.
If you come out of undergrad,
The bank paid out around 2 billion US dollars (£1.2 billion) for its investment bankers in 2009. Amid speculation it may have inflated salaries to avoid a backlash over bonuses, chairman Douglas Flint confirmed earlier this month that it had taken 150
Total compensation at the unit came in at $4.70bn, up from $4.4bn for 2009, presumably as base salaries were higher in 2010. The comp ratio (total staff compensation / revenues) over at Global Banking & Markets rose from 26% in 2009, to 34% last year.
ROYAL Bank of Scotland lost £1.1billion in the last year - when it paid the same amount in bonuses. The state-owned bank will shell out £950million to staff at their investment banking arm, Global Banking and Markets. On top of that, RBS are expected
Europe's largest bank said net income increased 14 percent, helped by higher revenue at the investment bank and a rebound at the US consumer unit. Prot talks with Television's Francine Lacqua in Paris. (Source: ) Cash bonuses on Wall