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

Originally Posted by Unregistered

Hi guys, DBS Treasures Manager is a sales job? Or manage the bank via investments? Looking at the JD but not sure what it is

they manage funds on behalf of the bank. Can expect 7-15k dep on experience

Originally Posted by Unregistered

Which BB? That’s really low. At most top-tier BBs you would be at the associate/senior associate level probably verging on 7k-8k, no?

Not really. I've seen some analysts not get promoted to associates and even then take more than 3 years to be promoted due to lack of headcount. Try taking a look at:

s://.mycareersfuture.gov.sg/job/banking-finance/global-markets-operations-equities-ops-prime-brokerage-clearing-ops-associate-goldman-sachs-services-4cc27619870fec4cdfaf12f7efea64c2

s://.mycareersfuture.gov.sg/job/banking-finance/transaction-banking-operations-product-services-implementation-associate-goldman-sachs-services-517df26c86e64d7d4fa124b834b4d449

Range given is 5-10k but I guarantee the comps are more like 5k. Based on what I've seen from your responses on this thread, I think you really need to lower your expectations of MO/BO. It's not as straight forward to assume linear increments/ promotions there. And banks are smart to offer you a decent starting salary but you realise the increments are **** 3-4 years down the road and you're pigeon holed cause most BO/MO jobs are pretty specialised.

Originally Posted by Unregistered

Yup. That's an average performer. The difference is most people in local bank FO gets promoted to VP (almost guaranteed) and their VP pay is 100% higher than the BO/MO VP pay.

In local bank BO/MO, only the lucky 1-2 gets promoted to VP because you tend to have 1-2 VPs to a junior base of between 5-10 analysts/ associates. If none of the VPs leave, you will be stuck at the associate level and many leave. I've seen that too often a time with my colleagues in the BO/MO. And these VPs will be stuck at VP level for a really really long time.

So base of local bank FO VP starts at >20k? Cool story bro.

Originally Posted by Unregistered

Not really. I've seen some analysts not get promoted to associates and even then take more than 3 years to be promoted due to lack of headcount. Try taking a look at:

s://.mycareersfuture.gov.sg/job/banking-finance/global-markets-operations-equities-ops-prime-brokerage-clearing-ops-associate-goldman-sachs-services-4cc27619870fec4cdfaf12f7efea64c2

s://.mycareersfuture.gov.sg/job/banking-finance/transaction-banking-operations-product-services-implementation-associate-goldman-sachs-services-517df26c86e64d7d4fa124b834b4d449

Range given is 5-10k but I guarantee the comps are more like 5k. Based on what I've seen from your responses on this thread, I think you really need to lower your expectations of MO/BO. It's not as straight forward to assume linear increments/ promotions there. And banks are smart to offer you a decent starting salary but you realise the increments are **** 3-4 years down the road and you're pigeon holed cause most BO/MO jobs are pretty specialised.

As you have said it, range roughly around 5-10k before hitting VP. Not in banking but have some friends who’ve been through MO/BO grad programmes. Typically towards the end of their programmes they are already commanding upwards of 5k before the next (some would argue auto) promotion to associate and beyond.

Originally Posted by Unregistered

So base of local bank FO VP starts at >20k? Cool story bro.

When i said 100% higher, I meant it in the sense that it's 100% guaranteed higher...................................

Originally Posted by Unregistered

As you have said it, range roughly around 5-10k before hitting VP. Not in banking but have some friends who’ve been through MO/BO grad programmes. Typically towards the end of their programmes they are already commanding upwards of 5k before the next (some would argue auto) promotion to associate and beyond.

Can you read properly? It’s closer to 5k and not anywhere near 10k.

Not in banking but act like mf banking expert. Smfh

Originally Posted by Unregistered

Can you read properly? It’s closer to 5k and not anywhere near 10k.

Not in banking but act like mf banking expert. Smfh

Can you read properly? It’s a range and seniors in grad programmes are already drawing 5k+ with < 2 years of exp mf idiot. Smfh.

Originally Posted by Unregistered

Can you read properly? It’s a range and seniors in grad programmes are already drawing 5k+ with < 2 years of exp mf idiot. Smfh.

Chill lah dude, the guy above isn't wrong. I'm in a ops grad programme of a BB and ya 5k on the dot for 2 years of exp but my pay hardly moved after I graduated from it. You don't know how it feels like for your base to go up by 100-200 per year at assoc level, not knowing if you'll ever be promoted to vp.

Originally Posted by Unregistered

Chill lah dude, the guy above isn't wrong. I'm in a ops grad programme of a BB and ya 5k on the dot for 2 years of exp but my pay hardly moved after I graduated from it. You don't know how it feels like for your base to go up by 100-200 per year at assoc level, not knowing if you'll ever be promoted to vp.

Your BB paymaster? Don’t anyhow also BB leh

Hi, sorry to burst your bubble but Goldman Sachs GA Ops is around 50k+ per annum which adds up to 4k+ per month