Entry level investment banking salary - Page 2

#21 05.08.2011, 00:16

	Quote:	Anthony1406
	I find that if you are single and no kids, you can manage on 6k (and im not even in a big city....) otherwise you need much more to live without thinking bout what you are spending every damned second

Students manage on 2k. It's a really tough question and you need to really delve deeply into exactly what sort of lifestyle you expect for your money.

#22 05.08.2011, 00:22

	Quote:	economisto
	Zurich and Zug are east

	Quote:	Bobster
	I'm going to have another glass of wine and go to bed I think.

Everything in Switzerland is east of Geneva!

W-Maximus · #23 05.08.2011, 00:23

Agreed.

I was working on the rough assumption that a young banker in London would have a typical London lifestyle (lashings of beer served in public houses), rather than be a keen skier, mountain hiker, and lake swimmer. In the latter case, he would be quids in when moving to Geneva.

#24 05.08.2011, 00:23

	Quote:
	Switzerland is east of Geneva!

It's better this way.

#25 05.08.2011, 00:27

	Quote:	economisto
	It's better this way.

Also truer.

I worked there for a while, ten years back. Hardly saw a single Swiss person the whole time.

rogermoore · #26 05.08.2011, 12:33

Thanks a lot for your replies guys. I am a very keen skier, so a Swiss lifestyle wouldn't be too bad I guess. Also, I'm sure I'd find an English/Irish pub somewhere in Geneva if a need to lash overcame me

As for more details - the bank I'm speaking of is an American bulge bracket, and I'd work in its securities processing unit.

bigblue2 · #27 05.08.2011, 12:38

	Quote:	rogermoore
	Thanks a lot for your replies guys. I am a very keen skier, so a Swiss lifestyle wouldn't be too bad I guess. Also, I'm sure I'd find an English/Irish pub somewhere in Geneva if a need to lash overcame me As for more details - the bank I'm speaking of is an American bulge bracket, and I'd work in its securities processing unit.

doing what? no one can tell you a rough salary without knowing what the job is, working in its securities processing unit - cleaning windows?

ManinBlue · #28 05.08.2011, 12:40

Expect At least 70 K In Geneva for Entry Level in Banking Operations

Phil_MCR · #29 05.08.2011, 12:42

	Quote:	rogermoore
	Hi all, I have been invited for an interview at one of the largest international banks in Geneva for an entry-level role in operations. I was wondering what kind of salary I should be aiming for - I have an offer at a comparable firm in London and it starts at around £30k+, but I have no idea what to expect in Switzerland. Thanks for the replies! Roger

i'd say 30k in london is similar to 70k in geneva.

fatmanfilms · #30 05.08.2011, 13:19

	Quote:	Phil_MCR
	i'd say 30k in london is similar to 70k in geneva.

I think thats about right, at 2.5 chf to the £, Geneva / Zurich seems cheaper than London.

ullainga · #31 05.08.2011, 13:20

	Quote:	Bobster
	30K London is a flat share, a meal out twice a month if you're luckly and not much left over.

	Quote:	economisto
	30k in London, depending on location is an 800 per month studio or 1 bedroom flat, bills, clothes, 50 quid a week groceries and eating out twice a week

you're talking about different Londons I guess?

Bobster · #32 05.08.2011, 16:08

	Quote:	suraj
	Expect At least 70 K In Geneva for Entry Level in Banking Operations

So would it be fair to expect 140k for 10 years experience in banking ops in that case? I assume as this commands around the 85k-95k mark in London that the figure is about right for CH...

#33 05.08.2011, 16:25

	Quote:	Bobster
	So would it be fair to expect 140k for 10 years experience in banking ops in that case? I assume as this commands around the 85k-95k mark in London that the figure is about right for CH...

160k plus bonus at the Big Two.

Frantic · #34 05.08.2011, 17:35

	Quote:	Anthony1406
	I find that if you are single and no kids, you can manage on 6k (and im not even in a big city....) otherwise you need much more to live without thinking bout what you are spending every damned second

6k at month, gross ?

fatmanfilms · #35 05.08.2011, 17:59

	Quote:	Frantic
	6k at month, gross ?

There are normally 13 salary payments in CH so that 78K.

fatmanfilms · #36 05.08.2011, 18:01

	Quote:	economisto
	160k plus bonus at the Big Two.

When the exchange rate was 2.40, London would have looked attractive.

danny · #37 05.08.2011, 18:24

	Quote:	Bobster
	Seriously? I am floored by this! Can anyone else confirm?

I think the above estimate is way too high. Geneva cost of living vs London: you'd need to do a bit more of a detailed calculation than what is on here. But in a broad sense the other estimates mentioned are more on the mark.

danny · #38 05.08.2011, 18:25

	Quote:	Phil_MCR
	i'd say 30k in london is similar to 70k in geneva.

That is about right.

jmf · #39 05.08.2011, 20:17

	Quote:	fatmanfilms
	There are normally 13 salary payments in CH so that 78K.

Hmm, 12 must be the new 13, as neither me, my wife, or any of the (30ish) people I know here get 13.

fatmanfilms · #40 05.08.2011, 20:27

	Quote:	jmf
	Hmm, 12 must be the new 13, as neither me, my wife, or any of the (30ish) people I know here get 13.

For my first 12 years here I got 13 salaries, it's not that strange. How many are Ex Pats who did not know better?