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

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  #11 (permalink)  
Old 28-10-2018, 10:57 AM
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You have a very good progression in the first 8 years. It kind of slow down between 2007 to 2015 comparing to other years. Possible to illustrate with bonus? It is an amazing feat that you did earn $7.5k without a degree with 7 years experience.
$7.5k after 6 years indeed is very impressive for a non-grad. That's almost a Band 6 salary on the low end at StanChart. Out of curiosity, what happened between 2007 and 2015? Which industry did you switch to? Since your salary was hovering in the Band 6 range across these 8 years.

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  #12 (permalink)  
Old 28-10-2018, 11:53 AM
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Here's my progression:

UOB:
2010 - entered as Senior Officer as fresh grad at $3.25k
2013 - promoted to Manager in 2013, $4.7k
2015 - promoted to AVP, $6k

DBS:
2017 - entered as AVP after 1-year stint in non-local bank at $9.5k, currently $10.3k

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  #13 (permalink)  
Old 28-10-2018, 01:15 PM
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Here's my progression:

UOB:
2010 - entered as Senior Officer as fresh grad at $3.25k
2013 - promoted to Manager in 2013, $4.7k
2015 - promoted to AVP, $6k

DBS:
2017 - entered as AVP after 1-year stint in non-local bank at $9.5k, currently $10.3k
What is your role and how much bonus are you currently on?

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  #14 (permalink)  
Old 28-10-2018, 02:37 PM
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What is your role and how much bonus are you currently on?
In a middle office function, last year's bonus was ~5 months
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  #15 (permalink)  
Old 27-04-2019, 01:12 PM
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Originally Posted by Unregistered View Post
$7.5k after 6 years indeed is very impressive for a non-grad. That's almost a Band 6 salary on the low end at StanChart. Out of curiosity, what happened between 2007 and 2015? Which industry did you switch to? Since your salary was hovering in the Band 6 range across these 8 years.
choosing the right industry can make a paramount difference.

One example I know, an NUS phd, started with 3.5k per month, after 10 years working in A*STAR, only making 6.6k per month, ~100k per annum.

After switching to banking. 4 years later, is making 18k per month, ~250k per annum. Think what could have been achieved if started in banking straight out of school.
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  #16 (permalink)  
Old 27-04-2019, 01:38 PM
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choosing the right industry can make a paramount difference.

One example I know, an NUS phd, started with 3.5k per month, after 10 years working in A*STAR, only making 6.6k per month, ~100k per annum.

After switching to banking. 4 years later, is making 18k per month, ~250k per annum. Think what could have been achieved if started in banking straight out of school.
Is he doing same role in banking?
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  #17 (permalink)  
Old 27-04-2019, 05:14 PM
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Actually does anyone knows if the jobs posted by these 3 local banks in the various portals are actual vacancies? I have seen the same role on portals for more almost half a year...
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  #18 (permalink)  
Old 28-04-2019, 12:50 AM
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Started in non bank 3k -2013
Now in foreign bank 6.4k -2019
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  #19 (permalink)  
Old 28-04-2019, 11:28 AM
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Quote:
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You have a very good progression in the first 8 years. It kind of slow down between 2007 to 2015 comparing to other years. Possible to illustrate with bonus? It is an amazing feat that you did earn $7.5k without a degree with 7 years experience.
You didn't read properly. He joined ocbc in 2000 with 3 years experience. That is 10-11 years to get to 7.5k. Lol..
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  #20 (permalink)  
Old 28-04-2019, 07:15 PM
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$7.5k after 6 years indeed is very impressive for a non-grad. That's almost a Band 6 salary on the low end at StanChart. Out of curiosity, what happened between 2007 and 2015? Which industry did you switch to? Since your salary was hovering in the Band 6 range across these 8 years.
Band 6 in Stanchart is 8k thereabouts? I'm slated to be promoted to Band 6 next year and I'm more than 2k away from the 8k mark. I don't see how HR will give me such a big increase when the time comes. Sigh.
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