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Old 03-04-2016, 01:34 AM
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This is inaccurate. 6 years is possible, but it is not the norm. For that to happen, the analyst must be firstly, starting in a BB, and be promoted to associate/junior AVP within 2 years, senior associate/full AVP in the next two years. Then, by the sixth year, VP. From my observations, this only really occurs 1 in 40 people. (in other words, not every graduate batch has such a high performing flyer.

SVP in back office does not draw 30k. They draw 20-25k. Perhaps pre-2008 the total compensation could be >30k, but it is definitely not the case now. Bonuses are now generally less than 1 month for most back office roles in a BB. In any case, only 1 in 8 people actually make it to SVP. Most plateau at VP. Making to SVP by 40 for male Singaporeans in the back office is also considered very, very, good and not common.

By the way, this differs from bank to bank, but VP starts at 12k-15k. Therefore, I'm not very sure where you are getting your sources from. I can only speak for back office in technology, and technology pays higher than operations on average, therefore I'd like to know which "back office" role you are referring to.
Exactly. Back office promotions are hard to get. Exactly like what this poster said. Back office promotions usually take 3-4 years for one rank. Takes people more than 10 years to reach vp


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