Here’s how much you’ll be paid at Credit Suisse in Hong Kong
CEO Tidjane Thiam may be pivoting Credit Suisse towards Asian wealth management, but the firm remains a force in investment banking in the region. It ranked number one for APAC (international and ex-Japan) IB revenue in the first half of 2019, with a 7.6% market share, according to Dealogic.
There was also good news on the pay front for Credit Suisse in Asia. In its so-called Wealth Management and Connected (WM&C) division – the larger of Credit Suisse’s two APAC units, which houses both IBD and the private bank – compensation and benefits increased 11% to CHF265m year-on year in Q2. Both salaries and bonuses contributed to the rise, according to the bank’s second-quarter earnings report. This wasn’t just about private banking either – investment banking revenues (from the advisory, underwriting and financing team within WM&C) increased 16% to CHF177m year-on-year, suggesting i-bankers may have been well rewarded last quarter.
But if you’re thinking about joining Credit Suisse as an investment banker in Hong Kong, you won’t just be concerned with these high-end numbers – you’ll want to have a rough idea of how much you might be paid at your job rank.
To find out more about front-office IB salaries and bonuses at Credit Suisse in Hong Kong, we looked through self-reported pay figures on Glassdoor across the four seniority levels that the website has sufficient data for: analyst, assistant vice president, vice president and director.
Pay at Credit Suisse obviously varies from employee to employee, so the figures in the table below should be seen as approximate guidance. Moreover, we only reviewed high-range Hong Kong salaries and cash bonuses at Credit Suisse, because they better reflect the earnings of front-office investment bankers.
Credit Suisse did not respond to a request to comment on its Hong Kong compensation.
How much will your salary and bonus be at Credit Suisse in Hong Kong?
If you’re a junior investment banker at Credit Suisse in Hong Kong, expect to receive an annual base salary in the region of HK$705k, although your exact pay will depend on whether you’re a first, second or third-year analyst.
By the time you reach assistant vice president (AVP) as an investment banker at Credit Suisse in Hong Kong, you’ll earn around HK$1,200k, according to the Glassdoor estimates. Depending on performance, cash bonuses at this level are about HK$160k, taking approximate total compensation to about HK$1,360k.
At vice president (VP) level your pay will be significantly higher – VPs at Credit Suisse take home about HK$2,000k in base pay, according to Glassdoor. VP bonuses are about HK$360k, although this figure is only approximate. Directors’ are paid about HK$2,200k a year at Credit Suisse’s Hong Kong office.
Investment banking salaries and bonuses at Credit Suisse in Hong Kong
Image credit: one2tim, Getty
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