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American I-Banking pay & salary is very low...So 60 k USD is 38 k EUR - that´s what bottom tier corporate trainees for let´s say accounting in a mid sized company get in Europe. That´s ridiciulously low given the work hours in IB. And the additional 60 k bounus will go down siignificantly this year I guess. Given the high cost of living in NY... 7 years 3 months Certified Users...if I have a star now :-) 7 years 6 months
Offers and Salaries for '08 ACsIn EUR the figures are 55 k + 10 K + 10 K Longer term investment (you get it when you leave the firm) + the mentioned firm car. But what is really important is that you also get a guaranteed MBA sponsorship (50% of tuition) + 55 k for living the year you are off to MBA (typically INSEAD 1 year... 7 years 7 months
Offers and Salaries for '08 ACsI thought AC = ASC = Associates...for Junior Associates it's about 90 + 15 + 17 + firm car (e.g., Audi A3) + guarantueed sponsorship for MBA after 2 years without need to come back (50 % of tuition + 90 k to live of); but again: all due to the high Dollar, but maybe some Americans want to come over... 7 years 7 months
Offers and Salaries for '08 ACsAll figures above are for analysts. Associate in Continental Europe make 95 k EUR base, which is 140k USD + 20k USD bonus + 25 k USD put in long term investment thing + firm car (e.g., BMW Z4) - thats the deal, of course numbers sound high due to low dollar... 7 years 7 months
second round to offers MBBAnyone of my peers at MBB who wanted to do PE got into PE. On the Alumni net which can also be accessed by active consultants you find plenty of PE jobs at top firms. if you prepare and really want it you will 100% get it. And that's the same for IB M... 7 years 7 months
second round to offers MBBI entered as BA and the now partner guy as Seinior Asscociae (exp. hire). To the guy saying I am full of shit: DO you really think someone would come to a forum to make things up to get visibiliy with other posters? You seem to be obsesssed with MBB / IB BB that you get so upset. I tell you it´s... 7 years 8 months
Credit Suisse Meal Allowance PolicyYa right 7 years 8 months
Bonuses 2008Beaker, you have no idea what so ever: Where should the staff go? Lateral moves are dead at the moment... 7 years 8 months
second round to offers MBBIn my case (6 years ago) 12 where invited first round; 4 made it to second round 4 to the finals and 3 got an offer all 3 accepted 1 got fired after 6 months I left after 4 years (and am in IB now as a 3rd year associate) and one got partner recently. that's my MBB story... 7 years 8 months