Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 48 - 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
  #471 (permalink)  
Old 04-07-2021, 07:06 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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 thereís a sudden requirement/interns renege on their return offer.
Yeps there are hardly a good amount of FO grad openings if you're not from the summer analyst program and converted. I do remember several (but very very few) slots being offered because of the reasons u stated above (interns renege / increase in business need).

Reply With Quote
  #472 (permalink)  
Old 04-07-2021, 07:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Banking VP can be reached within 6-9 years. VP in other industries will easily take you 15 years. Hence the difference.

No one goes to banking thinking VP is the holy grail (although itís a 5 digit income). Those with ambition aim for director and above.
Agreed - settling at VP for the rest of your life is not a bad thing frankly. everyone has their own goals in life, some wanna rake that 500k p.a as an MDR, some settle for 250k as a DIR and others are good with 150k as a VP

Regardless, if you do reach any one of the above, you are v fortunate already and already the top 10% of the population so let's not take things for granted.. majority don't even earn 100k p.a. when they reach their 40s

Reply With Quote
  #473 (permalink)  
Old 04-07-2021, 07:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Agreed - settling at VP for the rest of your life is not a bad thing frankly. everyone has their own goals in life, some wanna rake that 500k p.a as an MDR, some settle for 250k as a DIR and others are good with 150k as a VP

Regardless, if you do reach any one of the above, you are v fortunate already and already the top 10% of the population so let's not take things for granted.. majority don't even earn 100k p.a. when they reach their 40s
Str8 facts. Some VPs in BO/MO can reach up to 200k pa (depending on seniority and experience). Easily within 75th percentile of your peers.

Reply With Quote
  #474 (permalink)  
Old 04-07-2021, 08:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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)
I'm in an FO in a BB. Getting my associate in 4 months. The bulk of settlements VPs for my product group have been in the industry for 15 years. 3 of the AVPS are beyond 8 years experience.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #475 (permalink)  
Old 04-07-2021, 09:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I'm in an FO in a BB. Getting my associate in 4 months. The bulk of settlements VPs for my product group have been in the industry for 15 years. 3 of the AVPS are beyond 8 years experience.
thanks for sharing - the ppl in the forum needs to know that just because you're in a BB FO/MO mean you're guaranteed a VP in 8 years... yes it may happen for some, but it's far and few between and depends on a variety of factor including luck, connections, performance, biz, etc. many ppl don't get promoted and they just hop to another bank in hopes for a better chance, some continue to pia..
Reply With Quote
  #476 (permalink)  
Old 04-07-2021, 09:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Agreed - settling at VP for the rest of your life is not a bad thing frankly. everyone has their own goals in life, some wanna rake that 500k p.a as an MDR, some settle for 250k as a DIR and others are good with 150k as a VP

Regardless, if you do reach any one of the above, you are v fortunate already and already the top 10% of the population so let's not take things for granted.. majority don't even earn 100k p.a. when they reach their 40s
secretlab ian ang laugh at all you losers aspiring to be director or VP in bank.

i made 500k from stock market i also laugh at all you losers. dont know how many years u all need to slog like dog then can reach my level. somemore my capital can still continue rolling and growing in the stock market.
Reply With Quote

  #477 (permalink)  
Old 04-07-2021, 10:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
secretlab ian ang laugh at all you losers aspiring to be director or VP in bank.

i made 500k from stock market i also laugh at all you losers. dont know how many years u all need to slog like dog then can reach my level. somemore my capital can still continue rolling and growing in the stock market.
You talking about Neopets stock market?
Reply With Quote
  #478 (permalink)  
Old 04-07-2021, 11:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You talking about Neopets stock market?
Real stock market, i made more than u will save in 40 years probably

Enjoy rat racing u poor
Reply With Quote
  #479 (permalink)  
Old 04-07-2021, 11:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Real stock market, i made more than u will save in 40 years probably

Enjoy rat racing u poor
yet you still need to wag your d*** in an anonymous forum
Reply With Quote
  #480 (permalink)  
Old 04-07-2021, 11:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
yet you still need to wag your d*** in an anonymous forum
Shiok what

I got money i got freedom to do what i want


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
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
Lawyer Salary ( 1 2 3... Last Page)
15,457 Replies, 5,303,813 Views
GovTech ( 1 2 3... Last Page)
1,423 Replies, 454,894 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
189 Replies, 72,268 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
368 Replies, 130,516 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,484 Replies, 2,747,498 Views
UOB Management Associate Program ( 1 2 3... Last Page)
590 Replies, 322,811 Views
Compare civil service salary ( 1 2 3... Last Page)
13,279 Replies, 7,848,804 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
757 Replies, 367,600 Views
Cpf senior manager
4 Replies, 2,299 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,024 Replies, 4,564,189 Views
Career as Teacher ( 1 2 3... Last Page)
4,312 Replies, 2,794,621 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,440 Replies, 1,605,291 Views
Standard Chartered International... ( 1 2 3... Last Page)
107 Replies, 83,770 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
4,973 Replies, 1,657,607 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
869 Replies, 265,560 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
439 Replies, 198,042 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
137 Replies, 145,915 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,190 Replies, 1,960,684 Views
Work culture in IHiS ( 1 2 3... Last Page)
208 Replies, 163,209 Views
Working Culture in IRAS ( 1 2 3... Last Page)
59 Replies, 99,312 Views
Whats your net worth ( 1 2 3... Last Page)
2,880 Replies, 1,003,567 Views
Starhub
0 Replies, 45 Views
CAD (Commercial Affairs Department) ( 1 2 3... Last Page)
202 Replies, 156,446 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,967 Replies, 678,942 Views
Singtel Management Associate... ( 1 2 3... Last Page)
499 Replies, 184,683 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
629 Replies, 126,646 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
635 Replies, 497,565 Views
how to earn money at this age? ( 1 2 3... Last Page)
39 Replies, 50,984 Views
JP Morgan ( 1 2 3... Last Page)
111 Replies, 71,051 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:06 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2