Housing Allowance for IB Assoc.

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  1. #1

    Join Date
    Nov 2005
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    1

    Housing Allowance for IB Assoc.

    I'm negotiating for my package to move to HK from Singapore.
    Would anyone be able to advise what is a typical housing allowance international investment bank associates get?
    I understand that it's quite typical to get a housing allowance.


  2. #2
    Mat
    Mat is offline

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    Jun 2004
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    You can try to negocitate the brand new Four Season Hotel Service appartment for 360.000....a month....


  3. #3

    Join Date
    Oct 2004
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    Midlevels / USA (MD) / London
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    It was quite typical, but is falling more and more by the wayside so get it if you can.

    I think 15,000-25,000 for a single person might be reasonable. Better to find a place you want to live, figure out the price, and then hit them with that + 50%


  4. #4

    Join Date
    Jan 2006
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    NY, NY
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    Hi,

    To my knowledge, if you're with a bank and at analyst/associate level, it's all pretty much standard and non-negotiable.

    Maybe at MD/Senior VP level.. but not junior.

    cheers.


  5. #5

    Join Date
    Jul 2005
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    HK Island
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    I've never head of analyst / associate level getting housing allowance either. It normally only kicks in at VP level, but when it does, can run into tens of thousands a month.


  6. #6

    Join Date
    Jan 2006
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    NY, NY
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    To july girl:

    I think if you're in the industry, you should be aware of the front/middle/back office.

    front office analyst/associate WILL get housing provided hired frm headoffice on expat terms

    middle/back office typically no allowance for associate

    maybe different for your bank, but this is the common case.

    i'm new to this forum, but this is what i'm aware of.

    cheers