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

Originally Posted by Unregistered

Mostly to sales or sales-trading related roles, because the support function for securities (sales n trading) has the largest headcount. A smaller subset to asset management FO/ private wealth/investment banking.

All the best in your career. BBs pay relatively well no matter the function
Not rich, but at least comfortable living =)

Thanks for the reply and well wishes!

Am just after comfortable living as well, hopefully I wouldn’t be working 11-12 hours on average haha

[villan]

Originally Posted by Unregistered

Slightly off tangent - but just curious what would comfortable living look like in your point of view? i.e. what salary at what age would that be? And for purposes of this exercise, comfortable living is like married with 2 kids, owning a condo, driving a conti car? Happy to hear what others think as well.

comfortable living is like married with 2 kids, owning a condo, driving a conti car - min 20k base?

Originally Posted by Unregistered

Correct me if I'm wrong but those figures seem to be base salaries only (source: am in that particular local bank too)

Yep.. its base excluding bonuses.

I'm on the fence on joining either, one of two major banks as a Relationship branch manager. In terms ot income and comms, would it be prudent to say i can hit 80-100k annual?

Originally Posted by Unregistered

I'm on the fence on joining either, one of two major banks as a Relationship branch manager. In terms ot income and comms, would it be prudent to say i can hit 80-100k annual?

siao...

relationship branch manager is lowest of the low in terms of RM pay

probably 40-60k annual

Originally Posted by Unregistered

siao...

relationship branch manager is lowest of the low in terms of RM pay

probably 40-60k annual

sounds fair. How about for Treasures relationship manager? 80-120k possible?

how's the bonus for goldman ops?

Originally Posted by Unregistered

I can share mine a bit also, local bank:

Started as FO analyst in end 2009:

Analyst (2009): average 37k pa (global financial crisis fml)
Assoc/Snr Assoc (2013): average 58k pa
AVP (2014): average 92k pa
VP (2017): average 137k pa
SVP (2021): ~160k pa (covid fml)

Bonuses typically 6-10 mths

This looks like the base for BO as well. I assume the difference between BO and FO is the bonus. Is that right?. What is the base when you just promoted to VP?.