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FormosaMBA 傷心咖啡店 • 檢視主題 - IESE MBA+Internship Interview Process

IESE MBA+Internship Interview Process

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版主: Yimmiwan, swingtail, AquaGirl, stern, whf1111

文章MarkHsu » 2007-02-03 22:29

[Re-post of an article]

How much will senior structured credit professionals earn this year? Lots, according to a survey of leading structured credit search firms.

The survey, by Structured Credit Investor, suggests managing directors in structured credit will receive an average salary in excess of £125,000 this year, plus a bonus of more than £2m.

The best paid structured credit pros are working in sales positions. Managing directors in structured credit sales receive average salaries of £127,721 and bonuses of £2,162,204.

By comparison, structured credit traders at managing director level command an average salary of £133,000 plus a bonus of £1,781,906 (to be precise).

Unsurprisingly, pay for structured credit expertise exceeds that for standard credit products: structured credit pros now earn an average of 30% more than their credit flow colleagues. The differential is highest at executive director level, where pay is a more impressive 35% more.

Shaun Springer, chief executive of search firm Napier Scott – one of those consulted for the survey – said structured credit professionals have had a good year: “At some banks credit derivatives people haven’t done as well they’d expect, but generally speaking it’s been a fantastic year for the industry – lots of new products, far more players, far more liquidity and the spreads have been very favourable.”

Average salaries and bonuses, structured credit pros

Executive director, structured trading

Salary: £107,193. Bonus: £1,076,796

Executive director, structured sales

Salary: £114,440. Bonus: £916,130

Director, structured trading

Salary £90,206. Bonus: £632,581

Director, structured sales

Salary £96,070. Bonus: £708,730
MarkHsu
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文章wsh » 2007-02-05 00:05

MarkHsu \$m[1]:[Re-post of an article]

How much will senior structured credit professionals earn this year? Lots, according to a survey of leading structured credit search firms.

The survey, by Structured Credit Investor, suggests managing directors in structured credit will receive an average salary in excess of £125,000 this year, plus a bonus of more than £2m.

The best paid structured credit pros are working in sales positions. Managing directors in structured credit sales receive average salaries of £127,721 and bonuses of £2,162,204.

By comparison, structured credit traders at managing director level command an average salary of £133,000 plus a bonus of £1,781,906 (to be precise).

Unsurprisingly, pay for structured credit expertise exceeds that for standard credit products: structured credit pros now earn an average of 30% more than their credit flow colleagues. The differential is highest at executive director level, where pay is a more impressive 35% more.

Shaun Springer, chief executive of search firm Napier Scott – one of those consulted for the survey – said structured credit professionals have had a good year: “At some banks credit derivatives people haven’t done as well they’d expect, but generally speaking it’s been a fantastic year for the industry – lots of new products, far more players, far more liquidity and the spreads have been very favourable.”

Average salaries and bonuses, structured credit pros

Executive director, structured trading

Salary: £107,193. Bonus: £1,076,796

Executive director, structured sales

Salary: £114,440. Bonus: £916,130

Director, structured trading

Salary £90,206. Bonus: £632,581

Director, structured sales

Salary £96,070. Bonus: £708,730


Thanks for sharing.
wsh
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文章: 109
註冊時間: 2007-01-29 22:41
來自: IESE商學院

文章MarkHsu » 2007-02-07 02:51

Don't sweat the "low brand value" Remember, it's about "buy low," and in the case of IESE, don't sell. = )

Just some stories for your reference.

When I first started my biz, I had a hard time convincing people to apply to Emory. Every person that applied to Emory got in. I believe there were a total of three people who applied and all three got in, but none attended. Fast-forward to 2006-2007, there is no question Emory has an established reputation in Taiwan now and people with monster GMATs can't even land an interview. People would kill to go to Emory.

Same with INSEAD. I went to an info session in the Shangri-La hotel. INSEAD went all out, put on a buffet and open-bar for prospective students. I think there were actually more waiters than propsective students. Fast forward to 2006 and 2007. There are ten Taiwanese at INSEAD in the Jan 07 promotion and as far as I know 100% job placement for all Taiwanese who attended INSEAD since 2005.

I would almost guarantee that those who attend IESE over the next couple of years are going to look like geniuses in 3-5 years.
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文章wsh » 2007-02-07 05:12

MarkHsu \$m[1]:Don't sweat the "low brand value" Remember, it's about "buy low," and in the case of IESE, don't sell. = )

Just some stories for your reference.

When I first started my biz, I had a hard time convincing people to apply to Emory. Every person that applied to Emory got in. I believe there were a total of three people who applied and all three got in, but none attended. Fast-forward to 2006-2007, there is no question Emory has an established reputation in Taiwan now and people with monster GMATs can't even land an interview. People would kill to go to Emory.

Same with INSEAD. I went to an info session in the Shangri-La hotel. INSEAD went all out, put on a buffet and open-bar for prospective students. I think there were actually more waiters than propsective students. Fast forward to 2006 and 2007. There are ten Taiwanese at INSEAD in the Jan 07 promotion and as far as I know 100% job placement for all Taiwanese who attended INSEAD since 2005.

I would almost guarantee that those who attend IESE over the next couple of years are going to look like geniuses in 3-5 years.


I am not particularly worried about IESE brand value in Taiwan as long as it is strong in the places I want it to be; it certainly may become better in Taiwan but I think this will depend a lot on my batch and my future juniors...

Some people start to ask me why am I spending so much time and effort for IESE. Well I really hope they are paying me for this but of course...In any case, other MBAs who took the time and effort to go back to promote are definitely more devoted than me.

The reasons for me are very simple: I like IESE, I am thankful for the experience it has given me and I just hope that more people from Taiwan can come and experience for themselves; but perhaps even more than this, there are not many things in life which I can be able to share with so many people, and I know from my experiences that sharing/helping ppl always make my life more meaningful.

Mark, it seems that you really understand alot about MBA. Can you share with us:
1) Which are the schools that you think will become much stronger in the near future?
2) Any idea by when will London replace New York as world finance center?
最後由 wsh 於 2007-02-20 01:00 編輯,總共編輯了 1 次。
wsh
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文章: 109
註冊時間: 2007-01-29 22:41
來自: IESE商學院

文章MarkHsu » 2007-02-07 23:38

The reason why I have become an INSEAD/Europe MBA "evangelist" is the success that people around me have had as a result of attending MBA programs in Europe.

I wished that when I was applying to an MBA program in 2001, I had a better understanding of programs outside of the US. Perhaps I would have attended b school. As such, I successfully applied to b school, but did not attend.

I am not a fortune teller, but I am pretty sure that once prospective Taiwanese applicants pick up on the success that Taiwanese grads have had finding "coveted" jobs, then name recognition will follow. For example, it was a pleasant surprise to learn that there was a Tw Oxford grad at Mckinsey Asia House in Germany.

I feel that at the end of the day, an MBA has to deliver value in order to be successful long term. Another reason why more students may turn to European programs is the cost of tuition. At the elite MBA programs in the US, the cost is just becoming astronomical.

Definitely, I am seeing more applicants to Oxford, INSEAD, IESE, LBS...I hope more will consider Cambridge, RSM, IE and the other top schools in Europe..

If Asia remains hot, then the Asia-based english programs may really be attractive.

Re: NYC vs. London
I think Sarbanes-Oxley is really hurting businesses now. I read that the 20 largest IPOs in 2006 all took place outside of the US. AIM is the new "Nasdaq".

Barring an act of God, Asia seems to be the place to be in the short and medium term.

I am spending a lot of time in HK these days and from what I hear and what I see, times are good in the finance sector.
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文章wsh » 2007-02-08 01:32

Of course Asia is the best place to be in for its growth potential, but in terms of the size of financial activities (and for me the value of the experience), I think there's still some way to go.
Unless there is a single asian city which can integrate Tokyo, HK, SG and Australia like London for EU, in my humble opinion:
short term: NY
middle term: London
long term: HK?
wsh
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來自: IESE商學院

文章MarkHsu » 2007-02-08 09:41

Sure, sure

NY, London will still be bigger. But it's not a fair comparison given their history and also the size of their markets they address.

What I meant is that in terms of career trajectory, it's hard to beat Asia at this point.
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文章wsh » 2007-02-08 09:51

1) Does that mean for a similar position in HK/SG/Tokyo and London, you will choose Asia over London?

2) In terms of monetary returns(with respect also to your career trajectory point), you think Asia offers a higher return in middle and long terms? (or even the short term also?)
wsh
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來自: IESE商學院

文章Yimmiwan » 2007-02-08 10:58

wsh \$m[1]:2) In terms of monetary returns(with respect also to your career trajectory point), you think Asia offers a higher return in middle and long terms? (or even the short term also?)



I am guessing what Mark means is that in Asia, whether in IB or MC, you will have a better chance to make into a position (MD or MP) that may be more difficult to achieve in either Europe or North America, thus giving you better mid-term and/or long term ROI. You can't really deny that when working with clients, knowing the local language and culture is an important factor and advantage to establish and continue such client relationship. In IB & MC, it's all about what you do for the company (translate = how much money you can bring in).
When one door closes another door opens; but we do often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.
- Alexander Graham Bell
頭像
Yimmiwan
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註冊時間: 2006-10-21 10:45
來自: The Big Apple

文章wsh » 2007-02-08 14:33

This is an interesting point of view (finally understanding...)

I have this impression that it will take 2 to 3 years to move up each position in IB but people in Asia IB generally move up faster?
SH
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來自: IESE商學院

文章MarkHsu » 2007-02-09 00:02

Just a short personal story.

Dec 2004 on my flight back from the US, I sat next to this Taiwanese "kid" who worked at a top 3 hedge fund in the US. Bright, articulate, Wharton grad (under only).

We talked and he said he wanted to explore options in Asia.

A month or so later, he emailed me and said he found a position in HK, working for a US hedge fund. 8 months later, i got a call from him and he asked me about a guy from my undergrad because he was about to hire him.

We kinda lost touch for a while. Recently, re-connected with him in Hk. He's now a Director at a PE fund affiliated with a major US bank. :||| (This is just 6 years out of undergrad)
MarkHsu
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文章wsh » 2007-02-09 04:05

Dear Mark,

Thanks for sharing, I can feel that this guy really knows what he want to do.

I also noticed that he stayed at a US top 3 hedge fund before going to HK. Do you think I shuold try to find a full time in London or HK? (given a similar position)
wsh
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文章: 109
註冊時間: 2007-01-29 22:41
來自: IESE商學院

文章wsh » 2007-02-12 05:21

Updated on exchange program
wsh
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來自: IESE商學院

文章MarkHsu » 2007-02-13 00:29

Re: London vs. HK

If we're looking at purely professional considerations, I'd say take the best opportunity possible.

I'd say just based on my brief understanding of your background, it seems to me that you'd have a great edge in Asia as you have the ability to cover Japan & Greater China and serve as a bridge to "Westerners."

I don't know your outlook on Japan, but I have a feeling that it will turn things aroun and become a global force again. We often forget that for all its economic woes, Japan is still the 2nd largest economy in the world.
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文章wsh » 2007-03-11 20:34

dear wsh,

could you tell me the schedule of IESE ? ex. pre-course, when to spain? and some info about dormitory, or house outside campus ?
____________________________________________________________________________________________________________
Please see the three attachments: Handbook, Orientation and Calender of my year fyr
SH
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