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That does seem very low for a BB. I'd guess you're probably looking at more like 1k+ a week, at least that's what I was offered in S@T in NYC.
I am also curious to know, although $1,000/month is very low, even under HK standards.
That's ridiculous. HK analysts and associates are paid the same rates with NY bankers. I'd be surprised if the SAs are paid poverty wages.
If you're going to be working there, you should've already gotten a contract that details compensation.
That's a good point, so is OP lying about the offer (which is lame), or what?
HK SA compensation for me is close to 1250US a week
1000 per month? No way. The pay for HK IBD SA is pretty much the same across banks - ard 1250 USD per week. So 5000USD per month. =D
If you're part of the normal recruitment process, you will be getting the pro-rated equivalent of whatever a first year analyst gets at the bank.
Client hires (got the position through connections as a favour) get a token sum to cover expenses, in which case US$1,000 sounds about right (Based on my knowledge in Asia).
I did BB IBD SA last summer in Hong Kong and it was HKD39,000 a month. That's about USD5k.
The pay should be around $13,000 per month, with other minor benefits.
At least at my firm, compensation for SA should be the similar after currency exchange no matter where you work. If you're seriously getting paid $1000 per month, you should contact HR to verify your contract.
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