50,000 for FX Trader is normal?

I got an offer as an FX Trader in Japanese big name bank for emerging market currency.(Mostly NDF) They offered me 50,000 and no bonus for first year. I was surprised that I have to accept no bonus. The contract periode is 1 year, I do not know what it means and it is normal for this job.

6 Comments
 
BobbThis in NYC? That seems extremely low and no bonus if you are contributing to pnl doesn't seem right.

Seems kind of like a trainee position though which could make sense

I think for his first year he would be contributing more to the "l" and less to the "p."
 

Sounds like a trail run thing, could still be an excellent idea if its Nomura or whatever..

You could always try and negotiate..

I am going to call my kids Ctrl, Alt and Delete. That way if something is going wrong I can beat them all at once.
 

You will not believe how low the pay is in Japan. Almost all companies (including big electronic companies/banks) pay $22000 for employees that are straight out of university (this is the standard pay).

Outside of Japan, Nomura pays about the same as BB.

 
J_monkeyYou will not believe how low the pay is in Japan. Almost all companies (including big electronic companies/banks) pay $22000 for employees that are straight out of university (this is the standard pay).

Outside of Japan, Nomura pays about the same as BB.

I heard Nomura actually pays better here in North America than most BB.
 

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