Freshly minted banking analyst moving to HKG :) - random questions that need to be answered

[cookie09]

Thanks mate!

do you work in the industry?

yes
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[Mat]

Bonus happens at the end of the financial year, right, Mat?

Yes but the fiscal year depends on the banks:
Japanese / Australian banks bonuses are in March - May
European mostly Feb / March
US mostly Dec/Jan

So the first few months you have to do with 43K only, then the bonus (if any) kicks in.

[jimbo]

Mat

You heard about the impending layoffs in the next few months?

[jimbo]

Original Post Deleted

True but this Is going to be a big one so I hear.

[Mat]

Every year or so, honestly

[dirtyape]

Would your company really pay the full deposit for a house you're sharing with others and which is otherwise a long way out of your budget?

Well they cap it at 24K a month equivalent - so hopefully my room mate will be able to fork out their proportionate portion (which would result in sharing a place with a banker - dont know if I want that thou)

[dirtyape]

Yes but the fiscal year depends on the banks:
Japanese / Australian banks bonuses are in March - May
European mostly Feb / March
US mostly Dec/Jan

So the first few months you have to do with 43K only, then the bonus (if any) kicks in.

I will work at an european bank - and rumor claim that bonuses for first year analyst in S&T is pretty minimal given the current climate- hopefully this isnt the case

[jimbo]

I will work at an european bank - and rumor claim that bonuses for first year analyst in S&T is pretty minimal given the current climate- hopefully this isnt the case

It certainly is the case, Bonuses were shite across the board this year.

[luckycat]

Jumbo! You're a banker?!

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[Stoob]

Jumbo! You're a banker?!

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Is that a typo?