Originally Posted by Unregistered

There is no such title as AVP back in 2004 in DBS. In fact title is only analyst, associate, VP, MD back then. Not even SVP.
Due to title inflation in the market, and to make the employees happy after many rounds of low bonus 2001-2004 and removal of fixed 15month salary base, DBS started dishing out these inflated titles without any meaningful wage adjustment.
However when market started to pick up in 2006 onwards, people left in doves to join foreign banks who were rapidly expanding, usually with 25% pay increment. A round or two musical chair rotation (at 20% every step) and high yearly increment in foreign banks (10% is quite normal) means most banking salaried workers' wage is up at least 100% from 2006.

Now in 2012, fortune starts to change, many european banks are retrenching, these people are back again, now with equipped with expertise gained in foreign setup, they are now holding titles like SVP. You will find a lot of these in back office technology.....