Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 42 - 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
  #411 (permalink)  
Old 11-06-2021, 02:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Dont be a clown pls..no such thing as guarantee la.. if your dept cant justify ur headcount, then u will be transferred to another dept (often not ur choice) la.. if no other dept wants you, then byebye lor.

If ur performance sucks, dont even mention promotion.. increment also dont have la. Some poor performing business units dont even have increment this year..
The post was meant to clarify a previous one.

Post #404 stated...

Promotion is "guaranteed up to AVP" in local banks. They have a "culture of no firing" so you can likely cruise at AVP without getting retrenched.

Please relook into the definition of a clown, thanks.

Reply With Quote
  #412 (permalink)  
Old 11-06-2021, 05:34 PM
Unregistered
Guest
 
Posts: n/a
Default

I think if you start off as a GTP aka graduate program,
After rotation it is almost certain that you will hit avp3 unless you are super buay kan or go offend someone powerful.

After all this is a fast track program to groom future leaders.

For lateral hires definitely slower and no guarantee. That said if you cannot make it to avp in say 7-8 years I think you will leave unless you are those bank tellers kind.

Reply With Quote
  #413 (permalink)  
Old 11-06-2021, 06:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The post was meant to clarify a previous one.

Post #404 stated...

Promotion is "guaranteed up to AVP" in local banks. They have a "culture of no firing" so you can likely cruise at AVP without getting retrenched.

Please relook into the definition of a clown, thanks.
Oh oops.. i thought a clown is someone who made ppl laugh.. Sry, should be “Dont be a joke pls” instead

For even believing that there could potentially be a thing such as guaranteed promotion.. Needing to clarify such statements made me laugh. Hence, you = JOKE

Reply With Quote
  #414 (permalink)  
Old 11-06-2021, 06:42 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Can I clarify if this is true? Any fresh entry will be guaranteed a banking career and promotion up till AVP without any risk of retrenchment? Even during Covid now also safe from it? Any pay cut? What is the salary ceiling for this "safe path"?
Original poster here. For local banks this is true to certain extent. Stay long enough and you will eventually hit AVP unless you're absolutely terrible, in which case you'll probably leave on your own anyway. They also have a culture of protecting jobs which is why you hear about people wanting to move from foreign to local bank during mid career. No pay cut during economic downturn, just lower bonuses possibly.

There are so many AVPs sitting around in MO/BO, just waiting for the lucky break where they get to move up to VP. Salary ceiling is probably around 9k a month (talking about DBS), up to 3 months bonus.

But note that this safe path can be absolutely soulless and dreadful. The hours are long, yet the work you do is quite trivial and sometimes just for show. I've a friend in DBS who said that more than half of the cohort would have left the BO graduate program by the end of two years.
Reply With Quote
  #415 (permalink)  
Old 11-06-2021, 07:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Original poster here. For local banks this is true to certain extent. Stay long enough and you will eventually hit AVP unless you're absolutely terrible, in which case you'll probably leave on your own anyway. They also have a culture of protecting jobs which is why you hear about people wanting to move from foreign to local bank during mid career. No pay cut during economic downturn, just lower bonuses possibly.

There are so many AVPs sitting around in MO/BO, just waiting for the lucky break where they get to move up to VP. Salary ceiling is probably around 9k a month (talking about DBS), up to 3 months bonus.

But note that this safe path can be absolutely soulless and dreadful. The hours are long, yet the work you do is quite trivial and sometimes just for show. I've a friend in DBS who said that more than half of the cohort would have left the BO graduate program by the end of two years.
If you like work-life balance, go a MO role. Salary is higher than BO, although not as high as FO, but the work life balance is great man
Reply With Quote
  #416 (permalink)  
Old 11-06-2021, 09:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Original poster here. For local banks this is true to certain extent. Stay long enough and you will eventually hit AVP unless you're absolutely terrible, in which case you'll probably leave on your own anyway. They also have a culture of protecting jobs which is why you hear about people wanting to move from foreign to local bank during mid career. No pay cut during economic downturn, just lower bonuses possibly.

There are so many AVPs sitting around in MO/BO, just waiting for the lucky break where they get to move up to VP. Salary ceiling is probably around 9k a month (talking about DBS), up to 3 months bonus.

But note that this safe path can be absolutely soulless and dreadful. The hours are long, yet the work you do is quite trivial and sometimes just for show. I've a friend in DBS who said that more than half of the cohort would have left the BO graduate program by the end of two years.
Thanks so much for the information

So much more helpful compared to people who come in and diss or laugh at comments that aren't funny.
Reply With Quote

  #417 (permalink)  
Old 12-06-2021, 09:40 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anyone working in Citibank here ? How much is the incremental and bonus pa respectively ?
Anyone could share pls? Thanks
Reply With Quote
  #418 (permalink)  
Old 12-06-2021, 12:53 PM
Unregistered
Guest
 
Posts: n/a
Default

What is the rank structure and salary range like in UOB ?

Saw there is VP, FVP, SVP, ED, MD, etc
Reply With Quote
  #419 (permalink)  
Old 12-06-2021, 09:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What is the rank structure and salary range like in UOB ?

Saw there is VP, FVP, SVP, ED, MD, etc
do you have an offer from them?
Reply With Quote
  #420 (permalink)  
Old 27-06-2021, 09:47 PM
Junior Member
 
Join Date: Feb 2021
Posts: 9
risinglikeaczar is on a distinguished road
Default

Hoping to find out more about local banks' normal annual bonus for average performers. Anyone care to share more?

BO:
FO:

Thanks!
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
GovTech Tech Associate Program... ( 1 2 3... Last Page)
122 Replies, 45,191 Views
High Finance Thread ( 1 2 3... Last Page)
348 Replies, 111,933 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,780 Replies, 4,418,209 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,067 Replies, 567,792 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
3,435 Replies, 1,396,276 Views
Lawyer Salary ( 1 2 3... Last Page)
14,366 Replies, 4,834,875 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,108 Replies, 271,731 Views
Career as Teacher ( 1 2 3... Last Page)
4,071 Replies, 2,579,455 Views
How much do you earn and save? ( 1 2 3... Last Page)
286 Replies, 111,858 Views
Engineer Pay ( 1 2 3... Last Page)
328 Replies, 148,314 Views
GovTech ( 1 2 3... Last Page)
495 Replies, 346,533 Views
Working in a bank ( 1 2 3... Last Page)
524 Replies, 342,848 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
98 Replies, 138,941 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,155 Replies, 1,721,199 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,879 Replies, 629,562 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,925 Replies, 1,462,904 Views
Compare civil service salary ( 1 2 3... Last Page)
12,731 Replies, 7,492,071 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
93 Replies, 27,296 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,289 Replies, 652,408 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
67 Replies, 10,796 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
169 Replies, 69,057 Views
Getting MBA worth? ( 1 2 3... Last Page)
135 Replies, 101,350 Views
Relocation to the US or stay in SG? ( 1 2 3)
22 Replies, 1,038 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
824 Replies, 222,770 Views
NUS (National University of... ( 1 2 3... Last Page)
130 Replies, 123,530 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,103 Replies, 1,330,701 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,952 Replies, 1,812,484 Views
If you can't find a company here... ( 1 2 3)
23 Replies, 2,748 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
201 Replies, 69,297 Views
Anyone working in Recruit express? ( 1 2 3)
29 Replies, 39,184 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:02 AM.


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