salary expectation

humtumiit · October 4th, 2007, 6:35 pm

Hello, I have final round of telephonic interview with Bank of America in a couple of days for the post of Quantitative Analyst. I am finishing my Ph.D. in Applied Mathematics. The position in based in Mumbai, INDIA. Everyone ask how much salary you expect. Could you tell me please how much money I should ask in Indian currency ? I don't have any idea of Bank of America packages. Comments are welcome.

NShah · October 5th, 2007, 12:15 pm

The package is likely to be standardised in line with the other quants they have in Mumbai, so there is probably little room for negotiation. You should probably expect something around 8-900 lakhs as a base. Feel free to PM me if you want to discuss it further.

humtumiit · October 5th, 2007, 12:24 pm

So I should start negotiating at 8 Lkhs Min. I was thinking to start at 6. How would be if I start from 8. As you are saying 8-9 range. Can you please reply me at paramjeetsingh80@gmail.com

NShah · October 5th, 2007, 12:47 pm

To be frank - 6-7 lakhs is also ok to start with. I know a quant at another US bank in Mumbai who is on 9 lakhs, but he had some relevant experience before joning, so you need to take that into account. My email address is in my profile.

humtumiit · October 5th, 2007, 12:51 pm

Thanks for your reply.

ppauper · October 5th, 2007, 1:05 pm

QuoteOriginally posted by: humtumiitHello, I have final round of telephonic interview with Bank of America in a couple of days for the post of Quantitative Analyst. I am finishing my Ph.D. in Applied Mathematics. The position in based in Mumbai, INDIA.Out of curiosity:is this position (a) working in the local marketor(b) an outsourced position working in a market in another country ?

NShah · October 5th, 2007, 1:10 pm

BoA have quants in India who support their London and Asia desks.

Wienner · October 5th, 2007, 2:34 pm

Is it 8-9 lakhs per month or per annum ??

ppauper · October 5th, 2007, 2:52 pm

QuoteOriginally posted by: NShahBoA have quants in India who support their London and Asia desks.ok, so outsourcing

humtumiit · October 5th, 2007, 4:05 pm

QuoteOriginally posted by: WiennerIs it 8-9 lakhs per month or per annum ??Per annum

ArthurDent · October 6th, 2007, 11:54 pm

QuoteOriginally posted by: humtumiitQuoteOriginally posted by: WiennerIs it 8-9 lakhs per month or per annum ??Per annumThat's what, USD 20k? Are you sure that's a real Quant job?

maxobamso · October 7th, 2007, 12:56 am

6-7 for a PhD quant in mumbai??? Really..!! Do a MBA from IIM and start at 15+.. much better option I think..

pgeek · October 7th, 2007, 3:12 am

why not do an MFE and start much better? 20k seems way too low

veeruthakur · October 7th, 2007, 5:05 am

QuoteOriginally posted by: ArthurDentQuoteOriginally posted by: humtumiitQuoteOriginally posted by: WiennerIs it 8-9 lakhs per month or per annum ??Per annumThat's what, USD 20k? Are you sure that's a real Quant job?Why would they outsource if it was not 10 times cheaper

maxobamso · October 7th, 2007, 1:00 pm

why not outsource even if it is 2 times cheaper?