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Old 29.01.2012, 20:46
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Re: are local banks dumping and lowering salaries?

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is it ok to conifrm that local banks are lowering financial industry salaries? what is your own experience? have salaries declined? i remember 5 years back, a grad in a good bank could start at 90k, now they are offering only 90-100k for people with university, mba and 5 years exp for front office roles.
I find hard to believe this. I have a friend who is a MSc graduate from ETH and his first offer was 90K without any previous work experience. He told me that most of his classmates got similar offers.
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