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

After like 10 years in the workforce, the titles matter less but the money is what matters more.

Also for the previous poster who said "Banking VP can be reached within 6-9 years":
- Yes if you're FO, 6 years to VP is possible
- If you're BO/MO, i would never put a number to it because it varies tremendously (the best performers probably in 8 years, the avg maybe in 10-11 years, and the rest probably never)

Originally Posted by Unregistered

After like 10 years in the workforce, the titles matter less but the money is what matters more.

Also for the previous poster who said "Banking VP can be reached within 6-9 years":
- Yes if you're FO, 6 years to VP is possible
- If you're BO/MO, i would never put a number to it because it varies tremendously (the best performers probably in 8 years, the avg maybe in 10-11 years, and the rest probably never)

Not sure about local banks, but have seen my fair share (i.e. 50% of remaining class of grad program hires - those who stayed @ the same bank/industry) of ppl reaching VP in 6-7 years in BB/Foreign Banks for BO/MO. Average performer (assuming you join the grad program + in BB/Foreign Banks) is 8 years.

Originally Posted by Unregistered

Not sure about local banks, but have seen my fair share (i.e. 50% of remaining class of grad program hires - those who stayed @ the same bank/industry) of ppl reaching VP in 6-7 years in BB/Foreign Banks for BO/MO. Average performer (assuming you join the grad program + in BB/Foreign Banks) is 8 years.

how about u just go out there and work and see for urself how many years it takes for u to progress? or are u just a uni kid whos still fantasizing about all this only to come out and be mediocre in the end

Originally Posted by Unregistered

how about u just go out there and work and see for urself how many years it takes for u to progress? or are u just a uni kid whos still fantasizing about all this only to come out and be mediocre in the end

I am in the industry. You should take your own advice though, good luck.

Originally Posted by Unregistered

how about u just go out there and work and see for urself how many years it takes for u to progress? or are u just a uni kid whos still fantasizing about all this only to come out and be mediocre in the end

Agree with you lol i think he's just fantasising about how easy the progression would be there lol

Originally Posted by Unregistered

Agree with you lol i think he's just fantasising about how easy the progression would be there lol

Self-reply much?

Originally Posted by Unregistered

Self-reply much?

Nice 3 consecutive posts lmao troll much

Originally Posted by Unregistered

Not sure about local banks, but have seen my fair share (i.e. 50% of remaining class of grad program hires - those who stayed @ the same bank/industry) of ppl reaching VP in 6-7 years in BB/Foreign Banks for BO/MO. Average performer (assuming you join the grad program + in BB/Foreign Banks) is 8 years.

Not everyone joins the grad class.

Originally Posted by Unregistered

Not everyone joins the grad class.

Agree to this and FYI the number of fresh grads hired into BB BO/MO grad prog are not that many either?? Max 10, and some even have less than that (e.g. MS, CS, BAML, etc). not entirely sure but feel free to shed some light

Originally Posted by Unregistered

Agree to this and FYI the number of fresh grads hired into BB BO/MO grad prog are not that many either?? Max 10, and some even have less than that (e.g. MS, CS, BAML, etc). not entirely sure but feel free to shed some light

Yup, you are right. The figures I shared earlier mostly relate to grad program hires as indicated. For MO/BO program, headcount is less than 10 for each BB every year (JPM/GS/MS/UBS/CS/Citi). The number is slightly higher for local banks. Note that the number of FO positions every year is also less than 10 for BB grad program.

10 includes ex-SAs who were offered FT conversion btw. Most of these positions are filled by them. Only have opening for straight FT intake if there’s a sudden requirement/interns renege on their return offer.