Quote:
Originally Posted by Unregistered
Nope this is completely false,
we can check, I know that JP BO for associate level pays 8k, DBS is 6.5k
JP pays 1 month bonus = 8k bonus
DBS pays 3 months bonus = 6.5 * 3 = 19.5k bonus
so the difference in bonus is 11.5k right?
now let's compare their base
DBS = 6.5k * 12 = 78k
JP = 8k * 12 = 96k
difference is 18k
DBS total comp = 97.5k
JP total comp = 104k
crazy that people think all banks pay the same, they don't. if they did then why would anyone ever join JP? you know that they have probation and will lay you off whenever they want right? It's a American bank which is at "will" employment even if it's operating outside of homeland soil ( outside US )
DBS is NOT an American company, they don't follow a "at will" employment. They don't anyhow fire you and there's plenty of rumors saying people get "BT" rating ( below target ) and still remain in the bank for years.
Try getting a "BT" equivalent in JP, you'll be gone by March.
Foreign banks pay you a lot more ( 5 - 10k more ) than locals for a obvious reason. Also I'm being lenient in my comparison, we're assuming that you can even get 3 months bonus in DBS while 1 month bonus in JP is the lowest guaranteed standard that everyone gets.
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this is accurate
im in jp now as full-stack dev, getting 8.6k as 601 ( associate ) rank
previously i was at dbs, associate 6.5k, dbs associate is equivalent to jp morgan associate
citibank senior associate is equivalent to dbs associate / jp associate
reason being is citibank u start as associate then bump to senior associate in 1 year, this is true for their ICG programs and other tech programs
dbs on the other hand, SEED, etc, u can only bump to associate after 2 years.
very easy to fact check all this, feel free to confirm yourself. if u like local banks then ok stay in ur local bank, no one saying local banks are bad, i'll stay in JP and collect my 8.6k base + 2 month bonus along with opportunities to work overseas while you can stay in ur local bank, deal with all the customer complaints about ur app always dying, servers always going down and many more problems.
god bless.