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

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  #1501 (permalink)  
Old 15-10-2023, 09:37 PM
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How many % increment from your previous package and year of experience? By the way, 12.5k is too high for AVP.
10 years of experience.

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  #1502 (permalink)  
Old 17-10-2023, 12:39 AM
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Anyone knows what’s the ceiling for avp in ocbc? Asking as I’m 12.5k and not sure if I’m nearing ceiling…
Ya think 12.5k is hitting AVP upper range, but still possible.
Or ask for VP title.

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  #1503 (permalink)  
Old 17-10-2023, 07:43 PM
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Hi everyone, me and my friend recently joined DBS as associate role under tech & ops, as software/data science related roles (one in Feb one in august) - our pay range is 6.5-6.8 so not that big diff.

Personally I got two questions:

1. What’s the average annual increment without promotion? I heard is between 5-8% but also see some say 2-3% so it’s good if someone can provide an average gauge (don’t include outliers).

2. Promoting from associate to senior associate: on average how much increment? 15-20%?

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  #1504 (permalink)  
Old 17-10-2023, 11:18 PM
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Anyone knows what’s the ceiling for avp in ocbc? Asking as I’m 12.5k and not sure if I’m nearing ceiling…
this is more like VP level liao
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  #1505 (permalink)  
Old 20-10-2023, 02:32 PM
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this is more like VP level liao
Yeah lol how can $12.5k base be AVP in OCBC? If yes, I also want to join OCBC
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  #1506 (permalink)  
Old 23-10-2023, 08:55 PM
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Yeah lol how can $12.5k base be AVP in OCBC? If yes, I also want to join OCBC
I think the range can be from 6k until 13k
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  #1507 (permalink)  
Old 25-10-2023, 05:09 PM
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I think the range can be from 6k until 13k
actually range may be even higher. i have a friend AVP level in OCBC BO/ops role, hitting 15k already. close to 13 years experience
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  #1508 (permalink)  
Old 27-10-2023, 11:24 PM
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actually range may be even higher. i have a friend AVP level in OCBC BO/ops role, hitting 15k already. close to 13 years experience
I know someone with 11 years exp joined UOB recently on vp level drawing 18k+ base. But I feel 13 years exp still at AVP is not a good sign, especially salary also on high end of the rank. It means if he/she does not get promoted to next level soon, he/she may hit band limit and see salary/bonus stagnent.

Post covid with the huge inflation banking salary up quite a lot too, like 15%-20% same rank. Title inflation is another thing - not in the sense big title earning not so much, but big title doing small job. Svp with no subordinate or only 1-2 subordinates is quite common now, which in the oast usually would be a big team like 10+ staff.
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  #1509 (permalink)  
Old 27-10-2023, 11:30 PM
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SAF Colonel = MD in UOB

You're getting seriously lowballed!
Bank no stupid. What can a colonel bring to a corporate job not to mention a specialised one? MD usually require 20+working exp and 10+ year in related field.
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  #1510 (permalink)  
Old 29-10-2023, 10:54 AM
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I know someone with 11 years exp joined UOB recently on vp level drawing 18k+ base. But I feel 13 years exp still at AVP is not a good sign, especially salary also on high end of the rank. It means if he/she does not get promoted to next level soon, he/she may hit band limit and see salary/bonus stagnent.

Post covid with the huge inflation banking salary up quite a lot too, like 15%-20% same rank. Title inflation is another thing - not in the sense big title earning not so much, but big title doing small job. Svp with no subordinate or only 1-2 subordinates is quite common now, which in the oast usually would be a big team like 10+ staff.
18k Is it UOB VP or FVP? Why not just give FVP? it is not a big deal.
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