MAS for Mid Career Professionals

Originally Posted by Unregistered

MD once said it’s not benchmarked against investment banks. More like local bank back office

Isnt that damn low? My friend is an AVP in dbs and only command 120k thereabout?

Originally Posted by Unregistered

Isnt that damn low? My friend is an AVP in dbs and only command 120k thereabout?

avp 120k is a junior-mid role bro.

if what the previous OP said is P75, means MAS pay about 75 percentile of the median pay of similar exp folk

Originally Posted by Unregistered

Isnt that damn low? My friend is an AVP in dbs and only command 120k thereabout?

Depends on what you value, salary or stability.

Originally Posted by Unregistered

MD once said it’s not benchmarked against investment banks. More like local bank back office

It's amazing that they still have functional teams working for them.

The salary at local bank BO is low enough already, and they manage to hire their employees at 75% rate.

I always thought of MAS as the elite high paying organisation in the industry

Originally Posted by Unregistered

I always thought of MAS as the elite high paying organisation in the industry

Let me just assume that you were being sarcastic

Originally Posted by Unregistered

Let me just assume that you were being sarcastic

Lol nope, legit serious. I didnt know anything about MAS before visiting this thread.....

How common are overseas postings and what's the selection process for it?

Originally Posted by Unregistered

12 percent increment for DD this year

Anything from 10 - 17%, but most get the lower range of 10-14% this year....

For AD its around 7-15%, most are lower bound, except those playing catch up game will be low 10's

Originally Posted by Unregistered

When is promotion or redesignation ah? July?

Bump. Thought usually apr

Giving an overview of what it is like in terms of tenure or salary range.
This is just an estimated from various sources , you may classified that as not verified or provide your inputs too.
.
Grade 13 - Associate Rank (This is undergrad rank, typically for people whom are 1-3 years experience)
.
Grade 12 - Assistant Director 1 (There are 2 "AD" rank, this is for people whom have around 3 years experience to 7 years experience really depending on your performance and opportunity)

Grade 11 - Assistant Director 2 (This is the Senior Assistant Director rank, but on the outside its just AD, this is for people whom have 5years of experience onwards. No really an upper bound as some people might be stuck here for some years, some back office staff can stuck this rank till 10-15 years is normal, they just get few percent increment each year.

Grade 10 - Deputy Director 1 (There are total 4 levels of Deputy Director, the fastest I seen is 6years+ , those are for scholars or special people. For faster farmers they take about 8 years, 9 years and 10 years are common for faster farmer too.).

For Grade 9, 8, 7 , those are Deputy Director increment in grades. Most people stucked at DD level 2, you need some years to farm to DD3 and DD4, aka Senior Deputy Director (Internal), but on corporate rank it only shows DD.

__________________________________________________ ____

Salary package wise, just an estimate. For Bonus, expect only 1 bonus a year (Performance Bonus that is ranging from 1.5 to 2.5 most of the time).

Associate - Basic 4k to 6k (For TO aka graduate officers, they draw about 5k starting)
AD 1 - Basic 5k to 6.5k
AD 2 - Basic 6k to 10k
DD 1 - Basic 9k to 12k
DD 2 - Basic 10k to 14k
DD 3 - Basic 12k to 16k
DD 4 - Basic 14k to 18k
Director 1 - Basic 16k to 20k

Hope this gives everyone a good overview to consider joining.
Pay is not fantastic, but slowly things are changing to be better.