MM lifestyle in Asia
Hey was interested in what life is like in Asia at MMs. From the type of culture, lifestyle outside the office, hours as well. From big names shops like MLP and P72 others as well.
Some questions as well:
How hard is it to move between shops in Asia?
Does it differ in Hong Kong to Singapore and other countries?
What percentage can a PM expect to get, how much would be given to the analyst?
Any and all information is helpful.
Also curious. I can comment on mobility which on the analyst level seems to be highly fluid, maybe even more so than the US. I would actually hope someone to comment on the SG vs HK diff /debate. I guess traditionally SG is supposed to pay even less than HK (HK pay less than US already). This is mostly in regards to SM and local shops since the likes of PT72 and citadel most likely have standardized pay afaik.
its significantly less for MMs too. Including the ones you mentioned. Though for HK also much lower tax.
Wow, was not aware of that.
I'm based in the US, but would be hugely skeptical of that claim. Can't see any way that P72, MLP etc could justify paying their US+Europe teams 20% but their Asia teams 10% if they're doing the same work and bringing in the same P&L.
% may or may not be the same. Depends on how PM contract is structured. But I'm talking about $ comp not %.
On same currency basis, base and bonus are significantly less.
I had read something early this year where they said they’d be uping PM pay in Asia to 23% and that it was a big move for Asia.
HK has a lower tax ceiling than SG, but the cost of living there more than negates the difference imo.
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