How much can bankers earn?

With the recent financial crisis, I think many of us are suffering, even many more being retrenched and pay cut. However, do you notice that, most pay cut and retrenchment are from manufacturing, electronic firms, or car makers (in the case of oversea). Compared to bank, the retrenchment is not that bad in the case of Singapore. Surprisingly, those top bankers still getting huge bonus and salary. So lets see how much they are earning....

According to Bankers say sorry, top UK bankers are earning huge, even that amount is in SGD (not pound), is very good enough.

RBS
Sir Tom McKillop Chairman £750,000
Sir Fred Goodwin Group chief executive £4,190,000
Johnny Cameron Chairman, global markets £3,256,000

Northern Rock
Matt Ridley Chairman £223,000
Adam Applegarth Chief executive £785,000
David Baker Deputy chief executive £476,000

If you think that is just top 3 persons in a bank, how about Merrill Lynch made 700 millionairs:

- The top 4 bonus recipients received a combined $121 million
- The next 4 received a combined $62 million
- Overall, the top 149 people who got bonuses received a combined $858 million
- And 696 people got bonuses of $1 million or more.

If you still think those cases are too far away from us, but how about the salary of this
Heartless Singapore Guy?

2004 SG Bank : SGD $7,000
2007 HK Bank : HK $130,000 (SGD $26,000 equivalent)

I think this guy is a typical salary of a traders in bank.

So the moral of the story:
1) Let your kids go for financial field.
2) Change to financial field if you still young to study.
2) Never let your girlfriend know your salary, if not she will tell everyone!


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