AVP at DBS, typically draw Basic 105k to 140k. Bonus is around 15k to 30k.

So the total package is estimated to be around 130k to 170k depending on performance including bonus

Depends on how you see. 10k/month is decent enough. Of cos they are those who earn even more.

Very slim as long you are Not scholar or their own training officer hires from Uni since these opportunities are given to people who they are grooming for leadership positions

Cause that is the reality of MaS work. Employees are not hotshot traders. So can’t benchmark against front office

a mx10 dd at mas, which is essentially public service, draw around 84k to 138k.

bonus of 1-1.5 month means it is around 7k to 18k.

so total package is estimated to be around 90k to 150k.

quite close to 75% of an avp at dbs.

this is damn low.

Where do i stand if I'm drawing 9k with 10 yrs of exp?

Is it avg or below avg? Not sure if I've been shortchanged all these while

What is the difference between promotion in grade and change in title (eg AD to DD)? Which one does the increment amount depend on?

This is so inaccurate on so many levels probably written by someone not from MAS.

1. AVP in DBS is equivalent to AD in MAS in terms of exprience, not DD (e.g. with 5 years experience, typical offer is AVP in DBS and either AD1 or AD2 in MAS. It takes about 7+ years to get to DD in MAS even for consistently high performers). VP in DBS is equivalent to the DD grades in MAS as both VP and DD have very wide salary ranges depending on seniority (years of experience) and are where majority of average performers end their careers in DBS and MAS respectively.

2. The benchmark is 75th percentile of corporate functions at local FIs, not 75%. This is very different because outliers are excluded. Also, MAS does not really differentiate pay between functions unlike banks. The specialist leader scheme is an attempt to pay talent more, but this is still only limited to very few staff. That's why the attrition rate for departments that have specific skills in high demand in the private sector is far higher than others.

3. Neither does MAS use MX scheme, and typical bonus is 1.5-2 months determined just like the rest of public service, tagged to salary grade. However, in banks, the bonus is given according to how management believes the staff performs. Bank example: Let's say Staff A is a VP who contributes X amount and Staff B is a AVP who also contributes X amount - while Staff A will have a higher monthly salary due to higher rank, Staff B will be given a far larger bonus such that both Staff A and B will end up with the same total compensation for the year.

Very low for MAS. didnt know its so low. My bro is just a typical AD in some other statboard amd draws 150k total. Not even a scholar.