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

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  #311 (permalink)  
Old 01-04-2021, 10:55 PM
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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.

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  #312 (permalink)  
Old 01-04-2021, 10:57 PM
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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.



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  #313 (permalink)  
Old 07-04-2021, 07:29 PM
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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.

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  #314 (permalink)  
Old 07-04-2021, 07:35 PM
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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.
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  #315 (permalink)  
Old 07-04-2021, 07:40 PM
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Youngest VP mid to late 30s? Csb.

Have friends who are 30 just got promoted to VP.
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  #316 (permalink)  
Old 07-04-2021, 07:43 PM
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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.
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  #317 (permalink)  
Old 07-04-2021, 07:54 PM
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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.
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  #318 (permalink)  
Old 07-04-2021, 09:06 PM
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Hi guys, I'm going to interview for Treasures Manager. Thoughts? I rather hear the cold hard truths
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  #319 (permalink)  
Old 08-04-2021, 10:56 AM
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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.
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  #320 (permalink)  
Old 08-04-2021, 11:03 AM
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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.
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