salary review singapore

A N N U A L S A L A R Y R E V I E W 2 0 1 3

I N T RO D U C T I O N

Selby Jennings Ltd, is a multi award winning global

recruitment organisation focused on servicing the financial

industry. By breaking down financial markets into individual

niches and micro-specialisms, Selby Jennings powers a

knowledge-led model, delivering global solutions into local

markets.

As part of our effort to pride ourselves as being finance

specialists, our consultants proactively generate market

reports for our niche areas in order for our clients to build

understanding of how the market is moving and where

the trends are heading. We hope this will provide valuable

market intelligence to clients who are looking to recruit

more professionals in these areas for this year.

This is 2012 data of the market salaries paid out in each

finance function that Selby Jennings operates in.

Each senior specialist consultant for each area joined in

a panel study to conduct this research. The sample size

for each function was a list of 50 companies who have

declared their full year 2012 payouts (in whichever year

end they follow).

The front office roles are an average of Tier 1 institutions

of business size more than USD 10 BN. The middle to

back office roles are an average of Tier 1 (business size

more than AUM USD 10 BN) and upper Tier 2 institutions

(AUM USD 4 – 9.9 BN).

This is an effort to re-enforce our specialism in our verticals.

If you have any feedback or questions on this report, please

do not hesitate to contact us.

MARKET SALARY REVIEW

R E S E A R C H / S T R AT E G YResearch/Strategy Years of

experienceAnnual Base Salary Range (USD)

Median Annual Base Salary (USD)

Bonus Range

Managing Director above 15 400,000 - 500,000 450,000 100 - 150%

*Executive Director 12 to 15 350,000 - 400,000 375,000 50 - 100%

*Director 10 to 12 300,000 - 350,000 325,000 50 - 100%

Associate Director 5 to 10 200,000 - 300,000 250,000 50 - 100%

Associate 3 to 5 150,000 - 200,000 175,000 0 - 100%

Analyst 1 to 3 100,000 - 150,000 125,000 0 - 50%

*Sometimes this level no longer exists - it is either Director or Executive Director

R I S K M A N AG E M E N TRisk Management Years of experience Annual Base Salary

Range (USD)Median Annual Base Salary (USD)

Bonus Range

Executive Director above 15 years above 230,000 250,000 0 - 100%

Director 10 to 15 years 150,000 - 230,000 190,000 0 - 70%

VP 8 to 10 years 100,000 - 150,000 125,000 0 - 50%

AVP 5 to 8 years 60,000 - 100,000 80,000 0 - 30%

Associate 3 to 4 years 45,000 - 60,000 52,500 0 - 30%

Analyst 1 to 2 years 30,000 - 45,000 37,500 0 - 30%

I N V E S TO R R E L AT I O N SInvestor Relations Years of experience Annual Base Salary


Bonus Range*

Head (Managing Director)

above 15 years 150,000 - 200,000 175,000 100 - 300%

Director (Senior Manager)

8 to 15 years 120,000 - 150,000 135,000 100 - 200%

Manager 5 to 8 years 100,000 - 120,000 110,000 50 - 150%


Analyst 1 to 3 years 50,000 - 80,000 65,000 0 - 50%

*Bonuses are year to date performance and they usually get a cut of the client that they bring in, as a result it can be highly variable

O P E R AT I O N SOperations Years of experience Annual Base Salary


Bonus Range

Managing Director above 15 years above 250,000 250,000 50 - 100%

Executive Director 10 to 15 years 150,000 - 250,000 200,000 50 - 100%


Associate Director 5 to 8 years 80,000 - 120,000 100,000 30 - 70%


L E G A L / C O M P L I A N C ELegal/Compliance Years of experience Annual Base Salary


Bonus range

Executive Director above 15 years above 210,000 210,000 0 - 100%


VP 8 to 10 years 100,000 - 140,000 120,000 0 - 50%

AVP 5 to 8 years 55,000 - 100,000 77,500 0 - 30%


F I N A N C E / AC C O U N T SFinance / Accounts Years of experience Annual Base Salary


Bonus Range






Analyst 1 to 2 years 50,000 - 60,000 550,000 0 - 50%

P R I VAT E E QU I T Y F RO N T O F F I C EPrivate Equity Front Office

Years of experience Annual Base Salary Range (USD)


Bonus Range


Executive Director 12 to 15 300,000 - 350,000 325,000 100 - 120%

Director 10 to 12 250,000 - 300,000 275,000 80 - 100%


Associate 3 to 6 120,000 - 180,000 150,000 30 - 100%

Analyst 1 to 3 90,000 - 120,000 105,000 30 - 50%

M AC RO H F P O RT F O L I O M A N AG E RMacro HF Portfolio Manager



Bonus Range


Executive Director 12 to 15 350,000 - 400,000 375,000 100 - 200%

Director 10 to 12 300,000 - 350,000 325,000 100 - 150%


Associate 3 to 6 150,000 - 200,000 175,000 50 - 100%

Analyst 1 to 3 100,000 - 150,000 125,000 30 - 100%

B U I S N E S S M A N AG E M E N T D E V E L O P M E N TBuisness Management/Development



Bonus Range






Analyst 1 to 2 years 30,000 - 60,000 45,000 0 - 50%

*Annual Base Salary is an average of Tier 1 & 2 clients we’ve worked with

**Median would be mid point of the ranges

S A L E S A N D T R A D I N GSales & Trading Years of experience Annual Base Salary


Bonus Range

Managing Director above 15 years 380,000 – 450,000 415,000 50 - 100%

Executive Director 10 to 15 years 350,000 – 400,000 375,000 50 - 100%

Director 8 to 10 years 250,000 – 350,000 300,000 50 - 100%

VP/Associate Director 5 to 8 years 200,000 – 250,000 225,000 30 - 80%

Associate 3 to 4 years 140,000 – 170,000 155,000 20 - 50%

Analyst 1 to 2 years 80,000 – 120,000 100,000 20 - 50%

SINGAPORE

3 Church Street

#09-02

Singapore, 049483

T +65 6589 4458

LONDON

33 King William Street

8th Floor

London, EC4R 9AS

T +44 (0)207 019 4100

NEW YORK

245 Park Avenue

39th Floor

New York, NY 10167

T +1 212 209 7310

ZURICH

(Schweiz) GmbH,

Stockerhof

Dreikoenigstrasse 31A

8002 Zurich

T 41 44 2083 680

www.selbyjennings.com

[email protected]

In Switzerland Selby Jennings operates as a trading style of Phaidon Capital (Schweiz) GmbH

salary review singapore

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