Wall Street in Manila, Philippines

Breaking into the cutthroat world of investment banking is tough even here in Manila. Fortunately, the culture here is that someone like me in his early thirties who spent a decade in consumer banking (mostly in New Jersey) and Asset Management, isn't considered a dinosaur yet. I'm surrounded by bright young things two-thirds my age, but I'm glad to say I more than keep up for someone who never went to B-School nor got an MBA, CPA or CFA. What's life like for a 1st year Equities Researcher here versus States-side? Pretty much the same, except pay is crap, hardly any perks, we don't stay as late as you and yet seem so industrious at 60 hours a week, in addition to power-points and excel models, we actually write pieces for publication to our clients. I totally relate to everything on this site and am so glad to have found it. Oh, and over here, Sell-Siders are more prestigious than buy-siders.

 

Is pay in the industry above average though? Clearly the pay would be much lower in nominal terms, but what about purchasing power?

 

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Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

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