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

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  #241 (permalink)  
Old 25-03-2021, 06:14 PM
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Nah the average fresh grad will still command around 3-4k region.

5% can earn more than 6k.
20% more than 4k
60% 3-4k
15% slightly less than 3k
yup, only unicorn/big tech, front office bulge bracket banking > 6k currently.

programmes in Bloomberg, FMCG giants are all still below that

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  #242 (permalink)  
Old 25-03-2021, 06:31 PM
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4-6 years 7.5k base considered good or bad?
I was in DBS FO role as an SA with 4-5 years of experience and drawing above 7k. I also understand that there are other AVP in my department who were drawing about the same as me. So the range varies.

Fastest anyone can become an AVP in DBS is after 4 years. 2 years in MA programme and then 2 years as SA. Correct me if I'm wrong.

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  #243 (permalink)  
Old 25-03-2021, 06:35 PM
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I was in DBS FO role as an SA with 4-5 years of experience and drawing above 7k. I also understand that there are other AVP in my department who were drawing about the same as me. So the range varies.

Fastest anyone can become an AVP in DBS is after 4 years. 2 years in MA programme and then 2 years as SA. Correct me if I'm wrong.
FO with 4-5 years drawing 7k is pretty shitty. How’s bonus?

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  #244 (permalink)  
Old 25-03-2021, 09:52 PM
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FO with 4-5 years drawing 7k is pretty shitty. How’s bonus?
If 7k for FO with 4-5 years of experience is shitty, do you mind sharing what you think is a good salary base for local banks FO?

I'm not sure if you've been living under a rock but that's pretty much the situation in local banks (DBS, UOB, OCBC). You do know you're in a local bank forum thread right? Just making sure you're in the right place.

Happy to hear others' inputs.
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  #245 (permalink)  
Old 25-03-2021, 10:15 PM
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How much does a bank relationship manager earn? What they sell huh?
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  #246 (permalink)  
Old 25-03-2021, 10:44 PM
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How much does a bank relationship manager earn? What they sell huh?
useless products that customer dont need
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  #247 (permalink)  
Old 25-03-2021, 10:54 PM
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Hi,

Expected salary for that level is around 6.2k to 6.7k. All the best.
Please... VP should be more than 6.7k, let alone a FVP.
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  #248 (permalink)  
Old 26-03-2021, 12:08 AM
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If 7k for FO with 4-5 years of experience is shitty, do you mind sharing what you think is a good salary base for local banks FO?

I'm not sure if you've been living under a rock but that's pretty much the situation in local banks (DBS, UOB, OCBC). You do know you're in a local bank forum thread right? Just making sure you're in the right place.

Happy to hear others' inputs.
MO/BO no exp already start 4k. 4-5 years of exp I'm pretty sure they are close to 7k.

Anyway, how's bonus? Just curious.
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  #249 (permalink)  
Old 26-03-2021, 12:25 AM
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MO/BO no exp already start 4k. 4-5 years of exp I'm pretty sure they are close to 7k.

Anyway, how's bonus? Just curious.
There’s something wrong with your math. Assuming 10% compounded yearly increment over 5 years, one will still get less than 7k. Even with a normal year 3% increment and two 20% promotions over 5 years, you will not reach 7k.

If you are not contributing any information, please buzz off.
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  #250 (permalink)  
Old 26-03-2021, 12:31 AM
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There’s something wrong with your math. Assuming 10% compounded yearly increment over 5 years, one will still get less than 7k. Even with a normal year 3% increment and two 20% promotions over 5 years, you will not reach 7k.

If you are not contributing any information, please buzz off.
Paiseh. When you talk about math I thought you really referring to mathematics.

Example:

UOB (MA) Ops - 1st year 4.3k
After 2 years, promoted to next pay grade at 5k minimum.
After another 2 years, promoted to next pay grade at 6k-6.5k minimum.
1 year later, as I have phrase it, would be "close to" 7k.

If you're OP, how's bonus given that you're earning a good 50% less in base as compared to peers in BBs/international banks?
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