MAS for Mid Career Professionals

wow really ah?

Is DD in mas equivalent to VP in the local banks ?

Originally Posted by Unregistered

Is DD in mas equivalent to VP in the local banks ?

Years of experience wise, yes.

Pay wise, definitely no. Closer to AVP.

Still no news of the WFO policy? Wonder what's brewing..

I cant believe there are 4 levels of DD! Why does a stat board like MAS need so many DD?
The Director level pay range is even funnier. I understand that D is not even a dept head. In banks, they would just be a manger.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

Nice way to pump yourself. But the fact of the matter is, most will still get fired in the private sector for under performance. The MAS badge wont last for long once the company realities you cant handle the hours and can't perform.

You proved my point by saying the CEO will get fired before the MAS AD. All well and good when you are in MAS. You won't command the authority you did as a MAS regulator when you are in the private sector. Try ordering the CEO or trader around while working in the private sector and see what happens.

Indeed its true. My bank has a few ex-mas people. It must be a shock to them that most people dont really care or listen to what they say after they left mas.

Originally Posted by Unregistered

Indeed its true. My bank has a few ex-mas people. It must be a shock to them that most people dont really care or listen to what they say after they left mas.

Errr because the one with authority is MAS itself and not the individuals?

Originally Posted by Unregistered

Errr because the one with authority is MAS itself and not the individuals?

i guess what the above OP is saying is its not about authority, its about being taken seriously lol.

Originally Posted by Unregistered

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.

Can someone throw lights on how long it takes for a good performer to move from DD4 to D ?? what level usually a VP in a US bank with 200K taken in to MAS ?

if you are in dd4, u mist be holding some portfolio ready to be director in 1-2 yrs.