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Business Times
14 hours ago
- Business
- Business Times
Top India dealmakers earn 37% more than Singapore peers
[NEW DELHI] Senior dealmakers in India are earning more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence, as global firms boost pay to attract top talent in the world's fastest-growing major economy. Heads and directors at investment banks in the South Asian nation's major financial hubs, such as Mumbai and free trade zone GIFT city, are paid 24 per cent more than their peers in Hong Kong and 37 per cent higher than in Singapore, according to Bloomberg Intelligence's analysis of a survey by recruiter Michael Page. For the year, India's bankers are set for pay rises of more than 9 per cent, compared with 4-5 per cent in the two Asian cities, Bloomberg Intelligence senior analyst Sarah Jane Mahmud wrote in a note on Tuesday (June 10). The report cited survey data from consulting firm Aon. India is seeing a boost from a rebound in investments even as global trade uncertainties weigh on the country's broader outlook. Foreign lenders such as Japan's Mitsubishi UFJ Financial Group are continuing to expand in the South Asian nation, while Julius Baer Group is seeking to triple the wealth assets it manages, the Bloomberg Intelligence report said. Investors have refocused on India's lower relative exposure to the US during the recent turbulence in global trade policy. M&A volumes have picked up and dealmakers say the country is well positioned to lure more overseas capital from private equity and sovereign wealth funds. While India has higher income tax rates than Singapore and Hong Kong, its lower cost of living may be a draw, according to the report. Pay for wealth managers in India, however, continued to lag behind that of Hong Kong and Singapore by 47-58 per cent, only a slight improvement from last year, the report showed. BLOOMBERG
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Business Standard
20 hours ago
- Business
- Business Standard
Top Indian dealmakers earn 37% more than Singapore, Hong Kong peers
India is seeing a boost from a rebound in investments even as global trade uncertainties weigh on the country's broader outlook Bloomberg Senior dealmakers in India are earning more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence, as global firms boost pay to attract top talent in the world's fastest-growing major economy. Heads and directors at investment banks in the South Asian nation's major financial hubs, such as Mumbai and free trade zone GIFT city, are paid 24 per cent more than their peers in Hong Kong and 37 per cent higher than in Singapore, according to Bloomberg Intelligence's analysis of a survey by recruiter Michael Page. For the year, India's bankers are set for pay rises of more than 9 per cent, compared to 4-5 per cent in the two Asian cities, Bloomberg Intelligence senior analyst Sarah Jane Mahmud wrote in a note Tuesday. The report cited survey data from consulting firm Aon. India is seeing a boost from a rebound in investments even as global trade uncertainties weigh on the country's broader outlook. Foreign lenders such as Japan's Mitsubishi UFJ Financial Group Inc. are continuing to expand in the South Asian nation, while Julius Baer Group Ltd. is seeking to triple the wealth assets it manages, the Bloomberg Intelligence report said. Investors have refocused on India's lower relative exposure to the US during the recent turbulence in global trade policy. M&A volumes have picked up and dealmakers say the country is well positioned to lure more overseas capital from private equity and sovereign wealth funds. While India has higher income tax rates than Singapore and Hong Kong, its lower cost of living may be a draw, according to the report. Pay for wealth managers in India, however, continued to lag behind that of Hong Kong and Singapore by 47-58 per cent, only a slight improvement from last year, the report showed.
Mint
a day ago
- Business
- Mint
Top India Dealmakers Earn 37% More Than Singapore Peers
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Senior dealmakers in India are earning more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence, as global firms boost pay to attract top talent in the world's fastest-growing major economy. Heads and directors at investment banks in the South Asian nation's major financial hubs, such as Mumbai and free trade zone GIFT city, are paid 24% more than their peers in Hong Kong and 37% higher than in Singapore, according to Bloomberg Intelligence's analysis of a survey by recruiter Michael Page. For the year, India's bankers are set for pay rises of more than 9%, compared to 4-5% in the two Asian cities, Bloomberg Intelligence senior analyst Sarah Jane Mahmud wrote in a note Tuesday. The report cited survey data from consulting firm Aon. India is seeing a boost from a rebound in investments even as global trade uncertainties weigh on the country's broader outlook. Foreign lenders such as Japan's Mitsubishi UFJ Financial Group Inc. are continuing to expand in the South Asian nation, while Julius Baer Group Ltd. is seeking to triple the wealth assets it manages, the Bloomberg Intelligence report said. Investors have refocused on India's lower relative exposure to the US during the recent turbulence in global trade policy. M&A volumes have picked up and dealmakers say the country is well positioned to lure more overseas capital from private equity and sovereign wealth funds. While India has higher income tax rates than Singapore and Hong Kong, its lower cost of living may be a draw, according to the report. Pay for wealth managers in India, however, continued to lag behind that of Hong Kong and Singapore by 47-58%, only a slight improvement from last year, the report showed. (Adds detail on wealth manager pay in seventh paragraph) More stories like this are available on
Bloomberg
a day ago
- Business
- Bloomberg
Pay Rises for Top India Bankers Seen Widening Gap With Hong Kong
India's top finance professionals are expected to get bigger salary hikes than their peers in Hong Kong and Singapore this year as global banks tap into the country's expanding economy. Salaries for bankers in India could rise by more than 9% this year, compared to 4-5% in the two Asian cities, Bloomberg Intelligence senior analyst Sarah Jane Mahmud wrote in a note Tuesday. The report cited survey data from consulting firm Aon.
Bloomberg
27-01-2025
- Business
- Bloomberg
Top India Dealmakers Set to Extend Pay Lead Over HK, Singapore
Investment bankers in India are set to again earn higher salary hikes this year versus their counterparts in Hong Kong and Singapore, boosted by a hot market for deal-making in Asia's third-largest economy. The pay for India bankers could rise by 10% this year, compared to around 4% in the two Asian financial hubs, according to Bloomberg Intelligence's senior analyst Sarah Jane Mahmud, citing survey data from consulting firm Aon. That would be in line with similar salary hikes that were expected in 2024.
