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

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  #381 (permalink)  
Old 14-05-2021, 01:34 AM
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Is bank VP a mid manager? I know someone who is an engineering VP in one of the big public transport company and definitely earn more than 300k pa..

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  #382 (permalink)  
Old 14-05-2021, 09:37 AM
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Is bank VP a mid manager? I know someone who is an engineering VP in one of the big public transport company and definitely earn more than 300k pa..
For local banks yes. No way a local bank vp gets 300k, even 200k is not guaranteed but only for the higher level vps. Titles in local banks are grossly inflated.

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  #383 (permalink)  
Old 14-05-2021, 10:32 AM
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International banks FO VPs starts at 240k base with bonuses typically 50-100%

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  #384 (permalink)  
Old 14-05-2021, 09:04 PM
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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
are these excluding your 6-10 mths?
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  #385 (permalink)  
Old 17-05-2021, 09:05 PM
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Anyone can share whats the average bonus for corporate RMs?
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  #386 (permalink)  
Old 18-05-2021, 01:43 PM
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Anyone can share whats the average bonus for corporate RMs?
Largely depends on what type of corporates you're servicing. SMEs are small fry so bonus will be lower. Wholesale corporates are where the money is. Rather service one Fortune 500 than 500 SMEs. Or better still, work for a Fortune 500!
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  #387 (permalink)  
Old 18-05-2021, 11:49 PM
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Largely depends on what type of corporates you're servicing. SMEs are small fry so bonus will be lower. Wholesale corporates are where the money is. Rather service one Fortune 500 than 500 SMEs. Or better still, work for a Fortune 500!
Whats the avg bonus like for wholesale corporates RM in local banks?
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  #388 (permalink)  
Old 20-05-2021, 02:13 PM
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How come my friend in DBS RM say he earn 5k,if hit target will get 7.5k? Any one know what exact role is it?
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  #389 (permalink)  
Old 20-05-2021, 02:40 PM
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How come my friend in DBS RM say he earn 5k,if hit target will get 7.5k? Any one know what exact role is it?
Sounds like Retail RM?
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  #390 (permalink)  
Old 20-05-2021, 02:56 PM
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How come my friend in DBS RM say he earn 5k,if hit target will get 7.5k? Any one know what exact role is it?
Y u no ask your friend?
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