Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 183 - Salary.sg Forums
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Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)

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  #1821 (permalink)  
Old 23-04-2024, 10:58 PM
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ops/compliance peeps in dbs - how much bonus did you get this year?
2-3 months vp and below. 3-4 months vp-ed. Md and up no idea but definitely more, plus stocks/options.

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  #1822 (permalink)  
Old 23-04-2024, 11:02 PM
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This is true.

DBS has been doing lots of pay restructuring since 2022. In fact they have a popular tech program called DBS SEED in which they give SEEDers 5.5k starting, reaching up to 6.8k after 2 years completion, bonus is over 3 months.

There's also almost no layoff unless you do stupid nonsense like insult SG flag or say PAP sucks etc. If you work like a normal civilized human being, you'll never get laid off.
Very true. Only downside dbs compare to foreign bank is much more workload, as headcount is always stressed. Like 30%more work. You go to mbfc after 6pm and see which tower/lift lobby got the most food delivery...

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  #1823 (permalink)  
Old 23-04-2024, 11:07 PM
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you're lowballed hard as sh1t.

just think about it, let's look at all the local banks and their tech program ( which are incredibly easy to get in )

dbs seed = 5.5k p.m, after 2 yr program, 6.5k
uob tdp = 4.5k p.m, after 1 yr program, 4.8k
ocbc program = 5k p.m ( dunno how long this prog is )

these are all 0-2 years of experience people
Not as easy as you think, very limited headcount actually. Like less than 5-10% of normal school hire.

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  #1824 (permalink)  
Old 23-04-2024, 11:08 PM
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Ocbc ED, 15k base and 125k bonus
(In OCBC, ED > MD > MD 1 > GroupMD) late 30s
Private banking or commission type role only. Normal role in local bank, svp and below, no bonus more than 6 months one.
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  #1825 (permalink)  
Old 23-04-2024, 11:20 PM
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yea lol what a blatant lie


backoffice pay is like this

associate 6.5k, 2 months bonus = 13k
senior associate 7.5k, also 2 months = 15k
avp around 8.5k, bonus = 17k
vp around 10k, bonus = 20k

svp = 23k a month? bonus 5 months? lmfao what? so bonus is 115k for svps? yea ok bro
Seriously base part is reasonable. Dbs restructure comp last year moving bonus to base to be more "competitive" in job market against foreign banks which are know to pay little bonus but high base (to save cost on cpf).
But bonus part sounds a bit high. Back office in dbs bonus for svp usually 3-4 months especially after restructuring, 5month not very real.
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  #1826 (permalink)  
Old 24-04-2024, 08:57 PM
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Seriously base part is reasonable. Dbs restructure comp last year moving bonus to base to be more "competitive" in job market against foreign banks which are know to pay little bonus but high base (to save cost on cpf).
But bonus part sounds a bit high. Back office in dbs bonus for svp usually 3-4 months especially after restructuring, 5month not very real.
Pay little bonus but high base to save cost on CPF?

Wtf are you talking about lmfao
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  #1827 (permalink)  
Old 25-04-2024, 11:43 AM
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wtss why are all these techies being paid so handsomely..???
Coz
Boasting cost nothing on internert, especially when anonymously.
Tech is always at the bottom of the food chain in banks, especially local banks. In some banks tech are not even considered banking staff but need to sign separate contract with an independent (usually bank wholly owned) technology legal entity when one move from business unit to tech side.
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  #1828 (permalink)  
Old 25-04-2024, 11:47 AM
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^ Clearly a troll post - Here's some education for the ignorant

s://.asiaone.com/lifestyle/imagine-taking-university-classes-firing-range-woman-shares-unusual-career-path-saf
So hou just conveniently ignored the "unusual" in title
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  #1829 (permalink)  
Old 25-04-2024, 06:36 PM
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^ bro spent his day looking through the last 10 pages lmfao nerd
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  #1830 (permalink)  
Old 26-04-2024, 09:16 PM
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The scb director m22 base of 200k is qute reasonable. As I was director m23 with base 260k.
The uob fvp 240k base also sounds plausible, as I know a recently joined vp with base 216k.
200k for m22 and 260k for m23 both sounds like extreme top ceiling for their respective bands. avg is 130k - 180k and 180k - 250k respectively
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