Investment bankers’ pay unlikely to be hit by market slowdown, momentum holds for junior hires

AMID a slowdown in deal-making volume and subsequently lower fees, investment bankers in Singapore are still holding on to eye-watering salaries, with talk of yet another round of raises to come this year. 

“(Demand) is coming from more firms coming to Singapore,” said Bryan Law, head of investment management and markets at Selby Jennings, noting that there were more asset managers and family offices setting up shop in Singapore in the last few years. 

The average annual salaries of fresh investment bankers, or at least those in major international banks, range between S$120,000 and S$150,000, as indicated by human resource companies The Business Times spoke with.