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Hong Kong > Forums  > Hong Kong Forums  > Living in Hong Kong  > Working in Hong Kong

Housing Allowance for IB Assoc.

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Old 17-11-2005, 11:23 AM
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Housing Allowance for IB Assoc.

I'm negotiating for my package to move to HK from Singapore.
Would anyone be able to advise what is a typical housing allowance international investment bank associates get?
I understand that it's quite typical to get a housing allowance.
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Old 17-11-2005, 12:04 PM
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You can try to negocitate the brand new Four Season Hotel Service appartment for 360.000....a month....
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Old 17-11-2005, 12:43 PM
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It was quite typical, but is falling more and more by the wayside so get it if you can.

I think 15,000-25,000 for a single person might be reasonable. Better to find a place you want to live, figure out the price, and then hit them with that + 50%
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Old 17-01-2006, 03:35 AM
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Hi,

To my knowledge, if you're with a bank and at analyst/associate level, it's all pretty much standard and non-negotiable.

Maybe at MD/Senior VP level.. but not junior.

cheers.
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Old 17-01-2006, 09:28 AM
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I've never head of analyst / associate level getting housing allowance either. It normally only kicks in at VP level, but when it does, can run into tens of thousands a month.
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Old 17-01-2006, 03:20 PM
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To july girl:

I think if you're in the industry, you should be aware of the front/middle/back office.

front office analyst/associate WILL get housing provided hired frm headoffice on expat terms

middle/back office typically no allowance for associate

maybe different for your bank, but this is the common case.

i'm new to this forum, but this is what i'm aware of.

cheers
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