eFinancialCareers

Surprise, surprise - graduates going into investment banking are a lot better off than those going into other industries. Salaries for bankers in their early twenties are in the region of $70,000-$100,000 a year, according to a recent article in the Australian Financial Review, and young investment bankers are earning bonuses of around 50%-100%. The paper said Macquarie and UBS are the best payers, with graduate base salaries of $85,000. Students... Read more

Paul Masi, as Merrill Lynch’s new chief executive officer and country head for its Australian operations, shares striking similarities to his counterpart at UBS. Announced Wednesday, Masi’s appointment is effective immediately, following Kevin Skelton stepping down from the role. Having joined Merrill Lynch in Australia in 2000, Masi was previously country co-head and head of Australasian equities before relocating to Hong Kong in 2003 to become head of Asia Pacific region equity... Read more

No doubt there is a fight for fund management talent in Australia. Firms are offering increased salaries, and now equity, as means to retain the scarce resource. Hunter Hall International is a good example of this trend. The fund manager has introduced an equity plan, which could see the portfolio managers emerge with more than 10% of the company, MoneyManagement.com reports. The company is also looking to introduce a profit share... Read more