Bankers at the local shops like BTG Pactual are getting paid more than the US BBs like JPM (in both New York and Sao Paulo).
My question is: just how much are they getting paid (I heard associates at JPM are making something like 280 - ~550K total comp)? and how long can this go on for?
| +160 | UBS Tech layoff | 52 | 1d |
| +157 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 26 | 1h |
| +146 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 19h |
| +85 | Leaked Interview Questions to Recruiting Services | 41 | 53m |
| +59 | Are target prospects getting dumber? | 27 | 17h |
| +58 | How do YOU manage networking requests? | 17 | 1d |
| +37 | Quitting After First 4 months | 12 | 1d |
| +34 | MBB Pay Raises | 26 | 1d |
| +19 | Rothschild UK - Mining & Healthcare 2026 | 5 | 3d |
| +19 | Career Crossroads | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Wasn't there a post somewhere that Brazil is basically on a huge bubble right now just waiting to burst or was that on a different site?
Not sure... but may as well go there while the good times are a rollin' Seems to be there and Asia where the deals are coming while desks in NYC/Londonare twiddling their thumbs... how long can this possibly last?
I wonder if being fluent in English and Spanish and basic Portuguese would cut it to become a banker there.
there is a buble in Brazil, but it is not be a huge one...things like real estate are rising, but it is nothing like the US in 2006 or 2005, where people and the economy was being driven by huge credit growth...
but, believe me, the reason why bankers are paid so much in Brazil is that they are hard to find...the "smart college people" here usually want to work for the government, and think finance is for fools...
even before the boom, bankers were highly paid
You're in Brazil right now Goldman? Is most of the hiring done local down there? I think I may need to do a 2 year stint and take advantage of the pre World Cup/Olympics boom time :)
getting in as a foreigner will be tough, due to competition from locals here...I would suggest talking to brazilians and trying to network here
The reason they get paid so much isn't just because they're in a bubble it's mostly because there's a severe lack of Brazilian talent to actually do the job. You can't just transfer some American banker even if he speaks Brazilian because he needs to know the customs and practices of the country.
there is hardly any non-local recruiting, at least entry-level. if you are interested in a position, the only way is to get in touch directly with HR people down in Brazil and explain your situation. be ready to have, aside from good finance credentials (Brazilians don't care about liberal arts bs) some real good grasp of Brazil, and Portuguese! the visa issue is quite important too.
on the other hand, it is very feasible to get into a latam group in NY, do your analyst stint there, and transfer to Brazil in your third year. you need to show commitment to the country and obviously Portuguese skills.
Yah I get it - I'm from Portugal and used to live in São Paulo when I was younger but educated in the US (JD at top 7 school And cap markets/banking LatAm work at BigLaw) - the language/culture/visa issue is nonexistent for me - I'm going for my MBA in the fall and during recruiting will iterate my interest in LatAm with a focus on Brasil - there can't be many like me right???
Omnis est non quia ea explicabo labore. Cupiditate aliquid consectetur nemo sunt. Sed quo libero sint numquam libero doloremque. Dolorem ut earum laudantium ut. Repellat et odit possimus labore.
Et voluptatem odit in quas. Repellat ut ullam laudantium sed et. Blanditiis omnis accusamus et doloremque architecto minima quae fugit. Ex numquam minima voluptatibus voluptas id eos. Quas non ducimus et quis. Pariatur amet sapiente magni saepe aperiam rerum.
Nam nobis quos odio. Voluptates minima ut doloribus alias. Reiciendis similique nostrum expedita ab iusto nulla recusandae.
Soluta labore quas eum qui ipsum ut. At pariatur hic amet earum voluptatibus suscipit aliquam. Facere quo eius beatae dolor ad neque repellat sit. Aut consequatur necessitatibus debitis ducimus placeat repudiandae. Enim nihil est ut qui et sed at. Quam libero id nesciunt unde.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...