Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 44 - Salary.sg Forums
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Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)

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  #431 (permalink)  
Old 01-07-2021, 12:20 PM
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I read from quite a few threads in this forum that local bank bonus is poor compared to big international banks like JP and Citi. Could someone help to confirm with figures and stats? Thank you....
Citi's bonus is rubbish lol. Way lower than DBS. Can go Glassdoor to check if you want.

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  #432 (permalink)  
Old 01-07-2021, 02:14 PM
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Citi's bonus is rubbish lol. Way lower than DBS. Can go Glassdoor to check if you want.
do you know if it is bad in risk too?

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  #433 (permalink)  
Old 01-07-2021, 02:17 PM
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I am actually also graduated in 2013 started in another local bank; now in the bank as you. But mine current draw is 8k. To be honest, really hard to believe your increment amount is so huge and constant over the years. Ppl I know in the bank many are getting $200-300 a year; a $500 is very good already. Yours is $1500 per year?
His figures are questionable, don't sweat! Your progression is more factual trust us

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  #434 (permalink)  
Old 01-07-2021, 02:57 PM
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I am actually also graduated in 2013 started in another local bank; now in the bank as you. But mine current draw is 8k. To be honest, really hard to believe your increment amount is so huge and constant over the years. Ppl I know in the bank many are getting $200-300 a year; a $500 is very good already. Yours is $1500 per year?
Honestly 8k after 8 years of exp is a bit low, especially since you joined the graduate program. Should be at the highest band of AVP or at junior VP drawing 10k minimum if you are average.
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  #435 (permalink)  
Old 01-07-2021, 06:20 PM
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Honestly 8k after 8 years of exp is a bit low, especially since you joined the graduate program. Should be at the highest band of AVP or at junior VP drawing 10k minimum if you are average.
If you talking about in operations, pure trading support settlements etc, I think only your father's bank pay 10k for fresh VP or final tier AVP.... Lol
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  #436 (permalink)  
Old 01-07-2021, 07:00 PM
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If you talking about in operations, pure trading support settlements etc, I think only your father's bank pay 10k for fresh VP or final tier AVP.... Lol
Heard of salary ceiling, son? There are many who are stuck at AVP drawing >10k. Simply by YOE and increment. For a proxy, foreign banks associate level in ops salary ceiling alr 12k-14k. Anyhoo, with 8 YOE you really should be commanding more than 8k, esp since you entered the grad program.
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  #437 (permalink)  
Old 01-07-2021, 07:57 PM
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Any idea what is the average bonus like for risk function in ocbc? For associate/ AM.
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  #438 (permalink)  
Old 01-07-2021, 08:01 PM
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Citi's bonus is rubbish lol. Way lower than DBS. Can go Glassdoor to check if you want.
Is citibank’s bonus really that bad? Any idea what is it like for operations like settlements? I heard that local bank can pay up to 3-5months for ops.

Is it common practice for banks to not pay AWS now?
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  #439 (permalink)  
Old 01-07-2021, 08:32 PM
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Is citibank’s bonus really that bad? Any idea what is it like for operations like settlements? I heard that local bank can pay up to 3-5months for ops.

Is it common practice for banks to not pay AWS now?
All 3 local banks don't pay aws. Some foreign banks do though they are not the majority. And no way ops gets 5 months bonus. In a good year 3 months is possible with promotion, but ops in general has poorer bonuses, increments, progression and prospects than FO/MO.
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  #440 (permalink)  
Old 02-07-2021, 07:39 AM
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For a proxy, foreign banks associate level in ops salary ceiling alr 12k-14k.
I call this bullsheet lmao take with a pinch of salt
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