Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 32 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




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

Reply
 
Thread Tools
  #311 (permalink)  
Old 01-04-2021, 10:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
For people like you who has not been promoted after 5 years of work exp, perhaps.
I thought 6% increment on average with a promotion after 2 years. If you can earn 7k in 5 years, I think this is on par with US banks as well.

Reply With Quote
  #312 (permalink)  
Old 01-04-2021, 10:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I thought 6% increment on average with a promotion after 2 years. If you can earn 7k in 5 years, I think this is on par with US banks as well.
Let me break it down for you. 2-year graduate program > promoted to next pay grade > 2-3 years later promoted again to next pay grade.

Starting at 4.4K and assuming a 6% increment for non-promotion years & 15%-25% increment when promoted, itís very likely for someone in local bank BO/MO to earn close to 7k base after 5 YOE.

Reply With Quote
  #313 (permalink)  
Old 07-04-2021, 07:29 PM
Unregistered
Guest
 
Posts: n/a
Default Pay at local banks

I think a lot of people have inflated views of a local bank VPís pay. The inflated pay stated in this thread could be true but they are definitely not for all people. We are talking about the 3 local banks here and the truth is some that some people take years before they can even smell VP rank. In the bank where I am the youngest VP I have seen is in their mid to late 30s. The lowest VP rank will probably snag u close to $10k inclusive of allowance. VPs in their. Early 30s are rare. AVPs pay range is huge and depends in the number of years of experience. Iíd say it ranges from $5k to $12k for those who are stuck in AVPs.

Reply With Quote
  #314 (permalink)  
Old 07-04-2021, 07:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think a lot of people have inflated views of a local bank VPís pay. The inflated pay stated in this thread could be true but they are definitely not for all people. We are talking about the 3 local banks here and the truth is some that some people take years before they can even smell VP rank. In the bank where I am the youngest VP I have seen is in their mid to late 30s. The lowest VP rank will probably snag u close to $10k inclusive of allowance. VPs in their. Early 30s are rare. AVPs pay range is huge and depends in the number of years of experience. Iíd say it ranges from $5k to $12k for those who are stuck in AVPs.
The so called VP at bank is only middle manager. Real VPs earn 600k to 2M at big companies. 1/3 of GS employee has VP title and that says a lot.
Reply With Quote
  #315 (permalink)  
Old 07-04-2021, 07:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Youngest VP mid to late 30s? Csb.

Have friends who are 30 just got promoted to VP.
Reply With Quote
  #316 (permalink)  
Old 07-04-2021, 07:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Youngest VP mid to late 30s? Csb.

Have friends who are 30 just got promoted to VP.
7 to 8 years to VP for top performer. If your friend is a girl it is possible. Junior VP earns around 140k including bonus. I am talking about BO/MO. FO pay is another level.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #317 (permalink)  
Old 07-04-2021, 07:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
7 to 8 years to VP for top performer. If your friend is a girl it is possible. Junior VP earns around 140k including bonus. I am talking about BO/MO. FO pay is another level.
The friend(s) I was referring to are in MO/BO. Made VP in close to 7 years.
Reply With Quote
  #318 (permalink)  
Old 07-04-2021, 09:06 PM
Unregistered
Guest
 
Posts: n/a
Default

Hi guys, I'm going to interview for Treasures Manager. Thoughts? I rather hear the cold hard truths
Reply With Quote
  #319 (permalink)  
Old 08-04-2021, 10:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The friend(s) I was referring to are in MO/BO. Made VP in close to 7 years.
It is possible, Iím just saying that not everybody can get a VP when they reach 30. In all likelihood, may be only the top 5% will be able to achieve this. I also understand in UOB for example VPs are easier to attain as they they have a very flat rank structure and There are just a few ranks to a junior VP rank.
Reply With Quote
  #320 (permalink)  
Old 08-04-2021, 11:03 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It is possible, Iím just saying that not everybody can get a VP when they reach 30. In all likelihood, may be only the top 5% will be able to achieve this. I also understand in UOB for example VPs are easier to attain as they they have a very flat rank structure and There are just a few ranks to a junior VP rank.
If you are talking about those who were previously in graduate programs, itís around 20%-30%. If you exclude those who have left the bank since, around 35%-50% from the class/intake can make VP MO/BO in 7 years thereabouts.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Local Vs Foreign Bank Jobs Income and Jobs 18 01-02-2018 07:34 PM
jump from foreign bank to local bank arrownarrow Income and Jobs 4 30-07-2017 06:35 PM
DBS vs UOB vs OCBC: Among these 3 local banks, which is the best to work in? dreamzknight Income and Jobs 11 05-07-2016 09:54 PM
SPF : What are the salaries of an ASP and above ranks. curious_george Income and Jobs 2 22-06-2015 10:16 AM
$3.5K for an IT role in a local bank unknown Income and Jobs 11 14-03-2014 02:13 PM

» 30 Recent Threads
Roles in accenture singapore ( 1 2 3... Last Page)
1,193 Replies, 348,433 Views
Compare civil service salary ( 1 2 3... Last Page)
11,662 Replies, 6,637,908 Views
fresh grad seeking a career,but no... ( 1 2 3... Last Page)
56 Replies, 24,295 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
445 Replies, 92,368 Views
Lawyer Salary ( 1 2 3... Last Page)
10,767 Replies, 3,700,399 Views
Sic a lobang for free money
0 Replies, 29 Views
Retirement Amount - SCMP Artcile
4 Replies, 268 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,939 Replies, 1,163,945 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,004 Replies, 467,858 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,209 Replies, 4,069,720 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
180 Replies, 51,145 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
348 Replies, 160,736 Views
Serious advice on career change...
0 Replies, 140 Views
High Finance Thread ( 1 2 3... Last Page)
208 Replies, 55,980 Views
Career as Teacher ( 1 2 3... Last Page)
3,541 Replies, 2,145,028 Views
Job Application with MOE... ( 1 2 3... Last Page)
298 Replies, 264,611 Views
Asset Management Salary
9 Replies, 477 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,026 Replies, 1,383,065 Views
Different rank in local banks ( 1 2 3... Last Page)
69 Replies, 134,315 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
5,668 Replies, 1,510,525 Views
How is HTX Associate Programme...
7 Replies, 1,516 Views
Job Offer Advise ( 1 2)
12 Replies, 886 Views
CPF SA Shielding (do this just...
4 Replies, 1,295 Views
Engineer Pay ( 1 2 3... Last Page)
182 Replies, 76,690 Views
DBS tech seed programme ( 1 2 3... Last Page)
448 Replies, 97,051 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
683 Replies, 197,116 Views
Grab Software Developer Fresh... ( 1 2)
15 Replies, 942 Views
Anyone working in NTU... ( 1 2 3... Last Page)
102 Replies, 107,787 Views
GIC career ( 1 2 3... Last Page)
284 Replies, 399,107 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
296 Replies, 187,810 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:29 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2