IB compliance

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For what it's worth, I managed a team of 8 analysts before I went to law school. And I pushed my principle of no personal attacks with my team. No one was allowed to deflate the team morale but making judgments on coworkers. Direct work related comments were always welcome. Negative attitude and speculation on what a person would or would not be capable of doing without having any history to base the opinion -- that was disocuraged. I have done pretty OK for myself living with this principle so perhaps IB would not be a good place for me.

I understand office politics. But on a forum, I expect to find people who are there for the sole reason of helping each other out. I did not expect that kind of behavior here .. and yes, an in-house role would have politics too. The kind that I am used to. I am truly reconsidering the IB route Thanks to all of you for responding. You have all helped, one way or the other.

friend,
athough office politics are happening everywhere, but you may face more "serious" situation here. As i mentioned in other thread before, the culture here is tend to spend more time on politics than other.

perhaps not every offices here are like that, but you have to get ready to face the worst situation. To get things work, sometimes you even have to work closely with someone who will back stab you frequently.

I think you have to see how far can you take before you make decision. suggestion from other forum members here in IB could be a good hint on the situation here.

wish you good luck.

[muse07]

An 80-110 range for 3-4 yr lawyers is higher than what's set out in the website you quoted (which mentions 70-100). Also, you can see that the figures vary a lot - eg for 6 years, the range is almost 50k - 82-130 (which includes the 85k figure you mentioned)

I personally have a private practice role in HK but am getting the lower end of the scale set out in your link. I understand that hires from o/s might get a bit less on the PAE scales because of (a) the way firms count when post admission experience kicks in (eg in Australia where I qualified, there is only 1 yr of training as opposed to 18 months HK/2yrs in UK) and (b) length of time needed to get up to speed with the local laws, as required. At least that's what I've told myself - in any case, I'm not unhappy with my pay as compared with Oz rates. Comparing them with US rates, however, may another matter. Finally, the link you posted refers to private practice, rather than inhouse roles - unfortunately I cannot shed any more light upon expectations for inhouse roles and how they may differ from private practice.

Thanks for the replies.

One website is http://www.dolman.com.au/china.html
I also know of a lawyer 15 months out of law school working with a mid sized firm in HK for 75K (HK$) a month. Based on these two sources, I estimated 80-110 for 3-4 years of experience. BUT ... this is what I need. .... your opinions. Based on your message, salary would be $65K for 18 months experience. Would HK$85K be out-of-line for an in-house role at 3-4 years of exp?

Thanks!!!

[looking@HK]

friend,
athough office politics are happening everywhere, but you may face more "serious" situation here. As i mentioned in other thread before, the culture here is tend to spend more time on politics than other.

perhaps not every offices here are like that, but you have to get ready to face the worst situation. To get things work, sometimes you even have to work closely with someone who will back stab you frequently.

I think you have to see how far can you take before you make decision. suggestion from other forum members here in IB could be a good hint on the situation here.

wish you good luck.

Thanks so much buddy!! Appreciate it. I agree .. whole heartedly. I really need to think about it. It's one thing having office politics. But it's another thing to be surrounded by it. I have, in the past, worked in a place where dealing with back stabbing and gossip ended up taking more time rather than the actual work. Would NEVER want to do that again. Besides, how would I fit in? I am constantly checking myself to make sure I do not participate or initiate any such behavior .. so it be "defense" all the way.

Thanks, once again.

[looking@HK]

An 80-110 range for 3-4 yr lawyers is higher than what's set out in the website you quoted (which mentions 70-100). Also, you can see that the figures vary a lot - eg for 6 years, the range is almost 50k - 82-130 (which includes the 85k figure you mentioned)

The website lists a range for UK firms and US firms. At 3 years, the range for UK firms is 70-93. The range for US firms is 86-120. However, that is just this website. You are working there so your input is more indicative of the market than this website. I have heard of in-house salaries with large companies being an average of these rates. Having said that .. I would accept the lower range for the right company/right position.

Thanks for your response.

[NYCcabby]

you guys are a funny bunch.

eh.... this thread seems to be getting a lot of coverage. so ill just put in my 2 cents and ask my question.

i once got staffed on short-term "compliance" engagement for at a european ib. my stomach literally turns now whenever i hear the word "compliance" but unto each their own!

so now for my question (like you guys havent heard this one before), any good recruiters to recommend to a young, eager, impressionable young man whos looking to get into an IB analyst program??

im going to get flamed here arent i ... =)