Investment bank salaries in India

Black Swan Wrote:
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> WTF Wrote:
> ————————————————–
> —–
> > Where is India on the map?
>
>
> It’s in Africa, idiot.
>
> CFASniper, why do you want to move to India? Even
> with all the diamond mines it’s still very corrupt
> and dirty, plus I heard there are like lions
> everywhere. I saw this documentary on a guy that
> went on a game show there but he was really poor
> and the game show host beat him up to try to keep
> him from winning the money even though he just
> wanted to meet his girlfriend! I think he had a
> dog at some point in the movie too.
Black Swan, because I want to live like a maharaja with snakes for pets, elephants and camels for vehicles and rolls royces with Louis Vuitton upholstery to carry elephant and camel manure from the stables to the fields.
 
Mobius, guess you know what I am talking about now. :-)
My favourite Americanism happened in the UK at Windsor Castle (which is on Heathrow flightpath) when I overheard a tourist from across the Atlantic say..
‘Why the heck did these damn Brits build the castle so close to the airport??’
It was a beautiful moment….
 
I’m based in Mumbai in a large Swiss Bank in Structuring.
You can expect something around 60-70 k (including bonus) in market risk here, in let’s say Nomura. Assuming you have 6-8 years of work experience.
But it’s not everything, it depends on the location of office you’ll be shifting to. If you are shifting to South Mumbai office in Marine Drive, then you’ll be pretty much middle class with 60-70 k. But, if you are shifting to Central/Western Mumbai office, then 70 k is awesome.
For a comparison
Rent of a good fully furnished 2BHK flat in a good locality
Central Mumbai: 1k USD with 5-6 k Deposit.
South Mumbai: 3-4 k USD with 20-40k USD deposit. Double the rates for sea facing ones.
A meal for two in an upmarket/decent restaurant
Central Mumbai: 10-40 / 2-5 USD
South Mumbai: 30 - 100 / 20 - 40 USD
Gyms, sport facilities, recreation, etc is 3x in South as compared to Central/Western.
So, it really depends on LOCATION of your office.
I go to South Mumbai office of my firm sometimes for training usually, and it takes me 1-1.5 hours to go to South Office from my place in Western Mumbai. Choose your options carefully, best of luck.
 
BangBusDriver, you are the man!!!
Thank you so much. exactly the information I was after…
 
BBD - what’s your educational background? How did you land a position in India…assuming you’re not Indian.
 
CFASniper Wrote:
——————————————————-
> Mobius, guess you know what I am talking about
> now. :-)
>
> My favourite Americanism happened in the UK at
> Windsor Castle (which is on Heathrow flightpath)
> when I overheard a tourist from across the
> Atlantic say..
>
> ‘Why the heck did these damn Brits build the
> castle so close to the airport??’
>
> It was a beautiful moment….
I would guess that more often than not these “Americanisms” are more from failure to understand the humor than anything
 
Palantir Wrote:
——————————————————-
> BBD - what’s your educational background? How did
> you land a position in India…assuming you’re not
> Indian.
No man, I’m Indian. Bachelors in Computer Science from IIT, which sells quite well here in IBs.
 
CFASniper Wrote:
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> BBD, which IIT? I went to IITK many years ago.
Then you definitely have a very good shot here if you are wishing to move back.
I’m from IIT Kgp, graduated 2 years back.
While you are wishing to move back, I’m trying to move out :).
 
BangBusDriver Wrote:
——————————————————-
> CFASniper Wrote:
> ————————————————–
> —–
> > BBD, which IIT? I went to IITK many years ago.
>
>
> Then you definitely have a very good shot here if
> you are wishing to move back.
>
> I’m from IIT Kgp, graduated 2 years back.
>
> While you are wishing to move back, I’m trying to
> move out :).
i would listen to this man for various reasons
 
BangBusDriver Wrote:
——————————————————-
> CFASniper Wrote:
> ————————————————–
> —–
> > BBD, which IIT? I went to IITK many years ago.
>
>
> Then you definitely have a very good shot here if
> you are wishing to move back.
>
> I’m from IIT Kgp, graduated 2 years back.
>
> While you are wishing to move back, I’m trying to
> move out :).
You should consider applying to one of the Financial Math masters if you want to leave Ind, (if you want to go the quant route), you’ll have the right background.
 
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