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Thread: Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)
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  #331 (permalink)  
Old 13-04-2021, 07:18 PM
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Depends on subrank. Within VP there are different tiers for example VP3, VP2, VP1. I believe low VP aka VP3 in BO is sub 10k. BO is after all the dumping ground of finance. Thankless when you do a good job, because that's what everyone from FO to MO to customer expects. But when you screw up, all the blame goes to BO. The banking animal kingdom hierarchy: BO slave to FO and MO, MO sometimes slave to FO, everyone slave to customer.
Well everyone function has its pros and cons. FO high compensation but high risk. Lose a client — you’re fked. Didn’t flag risk/trade not processed correctly? MO/BO fked.

I think even junior VP in local banks BO start at 10 and up though.

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