What investment banks are there in Shanghai? What are the general requirements for joining an investment bank? Do you have to graduate from a prestigious school? What are the salaries?

The investment banks in Shanghai include: Deutsche Bank, Citibank, Standard Chartered Bank, Bank of America Merrill Lynch, JP Morgan, Goldman Sachs, and Morgan Stanley.

Investment banks must graduate from prestigious schools, usually top 10 universities in China + prestigious overseas universities.

Salary and benefits depend on the department. Investment banks also have non-core departments such as information processing, human resources, etc. The salaries in these departments are not particularly high.

But in core departments, such as the investment banking department, asset management department, and fixed income department, the starting salary for fresh graduates is much more than 300,000.

Extended information

Deutsche Bank AG is Germany's largest bank and one of the world's major financial institutions, headquartered in Frankfurt am Main. Its shares are traded on all German exchanges and are listed in Paris, Vienna, Geneva, Baslay, Amsterdam, London, Luxembourg, Antwerp and Brussels. At the end of 1995, there were 286,000 shareholders owning Deutsche Bank's share capital, coming from all walks of life. Deutsche Bank Group has a total number of 74,000 people and provides services to approximately 8 million customers, including individuals, businesses, government agencies, banks and public institutions around the world. Deutsche Bank has assets of more than 996 billion marks, approximately more than 4.2 trillion yuan.

Citibank (Citibank, N.A., the Chinese name "Citibank" comes from the habitual name of Shanghai residents for the bank) is a retail bank under Citigroup. Its main predecessor was in June 1812. "City Bank of New York" was established on September 16. After nearly two centuries of development, mergers and acquisitions, it has become one of the largest banks in the United States and a bank with operations in nearly 150 countries and regions around the world. A major international bank with branches in the region, its headquarters is located at 399 Park Avenue, New York City. On September 19, 2012, Citibank (China) Co., Ltd. announced the official operation of its credit card business in China in Shanghai.

Standard Chartered Bank (also known as Standard Chartered Bank; English: Standard Chartered Bank; LSE: STAN, Hong Kong Stock Exchange: 2888, OTCBB: SCBFF) is a British bank founded in 1853 and headquartered in London. Standard Chartered Bank established its first branch in Shanghai in 1858. In April 2007, Shanghai Standard Chartered Bank (China) Co., Ltd. became one of the first batch of locally incorporated banks. Standard Chartered is a leading international bank that provides financial services to individual and corporate clients across Asia, Africa and the Middle East to invest and trade. Standard Chartered Group is listed on the London Stock Exchange, the Hong Kong Stock Exchange, and the Bombay and National Stock Exchanges of India in India[1]. Its business covers many countries, especially in Asia and Africa, but it has very few customers in the UK. In 2004, 30% of its profits came from Hong Kong. Standard Chartered Group Limited, the parent company of Standard Chartered Bank, is listed on the London Stock Exchange and the Hong Kong Stock Exchange, and is also one of the constituent stocks of the FTSE 100 Index.

Bank of America Merrill Lynch Group is one of the world's largest financial institutions. It was formed in September 2008 when Bank of America acquired Merrill Lynch Securities. Currently, Bank of America Merrill Lynch provides client services in more than 150 countries, and its main businesses include financial services such as commercial loans, bonds, IPOs, and M&A transactions.