Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)

Originally Posted by Unregistered

When I was in foreign banks, my bonus was poor. 1-2 months. Increment was negligible too. 1-3%. 1 year I got 0 increment. When I am in local bank, my bonus as a support function ie cost centre was between 3-6 months. This year, all local banks did very well. I got around 5-6 months bonus. During my time in local bank, there were pay adjustments. My pay was revised upwards by more than 30% in less than 3 years.

Many people online love to mock UOB, OCBC and DBS. Is about JP Morgan, BAML and Goldman. I have friends working in US banks. They told me they were getting 1 month bonus in US banks. Their total compensation was 25%-30% lower than me even though we were about same age.

You can choose not to believe. I also dun believe it myself when I was working in foreign banks. See how my pay revise upwards so fast and bonus nearing 6 months. As an outsider, I dun believe too. But is a true story. Anyway I am very happy of this year bonus. Hopefully everyone in local banks will be happier this year.

once you go local, forget about career progression. my advice is to start at US bank and climb to director level then retire at local bank shake leg every day

Originally Posted by Unregistered

once you go local, forget about career progression. my advice is to start at US bank and climb to director level then retire at local bank shake leg every day

got so easy to climb to director level at US banks ah? D level also dominated by certain groups of people no?

Originally Posted by Unregistered

got so easy to climb to director level at US banks ah? D level also dominated by certain groups of people no?

not the op but i recommend u to move up to vp at foreign bank first before making the switch to local bank. it's almost impossible to move back to foreign banks once you're in a local bank. it's pretty much jumping across dbs uob ocbc or regional banks such as mufg cimb

Anyone has worked in UOB as VP2 or OCBC as VP3. Was wondering what is the range for cost centre .ie Risk, Compliance or Audit

Negotiating offer for UOB VP1 IT role. I am currently in another local bank drawing 9.4K per month. Possiable to ask for 12K for UOB VP1?

I am working in a local bank and got an offer from another local bank. The rank drops one level but the pay increased substantially (>30%), do you think I should go for it?

Originally Posted by Unregistered

I am working in a local bank and got an offer from another local bank. The rank drops one level but the pay increased substantially (>30%), do you think I should go for it?

A wise man once said " If you pay me well, call me intern also can "

I just joined a bank and there are so many hot girls around me. How do i cope?

Originally Posted by Unregistered

I just joined a bank and there are so many hot girls around me. How do i cope?

which bank is this? for research purposes

how come u all get such high salaries? I'm svp in dbs and I'm incharge of a channel. but my salary is not 200k a year.