salary for middle office associate at tier us bank in hk

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  1. #1

    Join Date
    Nov 2006
    Posts
    30

    salary for middle office associate at tier us bank in hk

    I just got the offer at a top tier US bank in HK as a middle office associate. Not sure how much to ask for. Someone in a similar position can shed me a light?


  2. #2

    Join Date
    Feb 2007
    Posts
    1,561

    Salary should be pretty much in line with what an associate would make in NY. Its the expat package that you need to negotiate. I've seen housing allowances alone around 40,000HKD/ month.


  3. #3

    Join Date
    Nov 2006
    Posts
    30

    Thanks for the reply.
    But I will have no expat package.
    I will be treated as a loacl hire.
    I hold a dependent visa as my wife is a permanent resident.


  4. #4

    Join Date
    Jan 2007
    Posts
    31

    without knowing level of experience
    i'd say 35-40k pm would be close


  5. #5

    Join Date
    Nov 2005
    Location
    Cramped island
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    4,041

    i have seen associates given pay of between 25k to 35k i guess. depends on how much they need you here...


  6. #6

    Join Date
    Jul 2005
    Location
    mid-Levels
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    873

    With the way the market is moving, and assuming you have 4-5 years of relevant experience you should get about 700k pa or more.

    I have no idea where people are getting the 3-40k per month range from. Graduates in the back office and as totally fresh out of uni hires are getting 400k pa + so make sure you negotiate hard as all your future pay rises and bonuses are based off what you start on.