eFinancialCareers

When it comes to salary negotiations, applicants and potential employers know how to play it tough. What’s more, it’s also not unusual to come across competing organisations playing hard ball with each other in order to win over a candidate. Jon Michel Executive Search was recently involved with placing a candidate in a buyside role, which saw the applicant’s salary increase from A$100,000 to A$200,000 (plus a bonus comfort was included).... Read more

A new salary survey points to high pay for risk and compliance workers in Sydney, compared to Hong Kong and Singapore. The annual salary survey from recruitment firm Robert Walters underscores the relatively high pay received by financial services staff working in Sydney. Sydney-based credit analysts earn an average of US$81k (A$110k), and senior compliance staff in the country are on US$88.5k or more. Not bad, considering housing costs in Australia... Read more

2005 may have been a strong year for corporate takeovers in South East Asia, but senior M&A bankers in the region will continue to lag their counterparts in London and New York when it comes to bonuses. According to Bloomberg, takeovers involving companies in South East Asia (Singapore, Indonesia, Malaysia, Thailand and the Philippines), soared 36% in 2005, to A$71.5bn; data provider Thomson Financial suggests announced deals involving countries in Hong... Read more

Lifestyles traditionally associated with the comfortably rich are becoming unattainable to anyone but the staggeringly well off. Price inflation for luxury goods is five times higher than for standard products, according to the World Wealth Report by Merrill Lynch and Capgemini. The figures are based on the cost of living-extremely-well index by Forbes magazine and are broken down into ultra-luxury goods, such as private jets and luxury yachts, and standard luxury... Read more

The City of London is not the world’s only financial centre in need of banking compliance staff. Recruiters say banks in Sydney are eager to hire too. “Compliance hiring in Australia is very strong,” says Sarah Street, director of the legal division at Sydney-based recruiter Carmichael Fisher. “There’s strong demand for people with at least two to three years’ banking experience.” As in the London and New York, demand for compliance staff... Read more

A survey of over 15,500 asset managers shows UK and US money managers are paid the most, with Australians, South Africans and Swiss in the next league down. The annual salary survey by the CFA Institute, the organization administering the CFA exam, reveals considerable discrepancies in money manager pay across countries. UK asset managers earn the most, with median total compensation of $217,048. US money managers earn a median of $170,000. Swiss... Read more