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

What kind of position would be able to earn ~15k basic salary at the local banks?

Originally Posted by Unregistered

What kind of position would be able to earn ~15k basic salary at the local banks?

SVP at least.

Originally Posted by Unregistered

What kind of position would be able to earn ~15k basic salary at the local banks?

SVP / EVP will have 15k basic.
*Basic includes transport allowance too, where some bank give a fixed $1k-ish , some is claim.

What's the typical age (male) to reach SVP?
BTW, I thought 15K would be VP-level basic salary?

Originally Posted by Unregistered

What's the typical age (male) to reach SVP?
BTW, I thought 15K would be VP-level basic salary?

How much are u getting and your current rank?

Originally Posted by Unregistered

What's the typical age (male) to reach SVP?
BTW, I thought 15K would be VP-level basic salary?

A VP earning 15k in a bulge bracket is believable. A VP in a local bank is more like 10-12k.

Hi, could i kindly ask what is the difference between fund managers and financial advisors? Initially, i thought that the differentiating factor is that financial advisors work closely with clients, but it seems like fund managers do as well. Are there financial advisors in banks (DBS/OCBC/UOB/Bank of Singapore/JP Morgan/Morgan Stanley) or do financial advisors simply refer to insurance agents? I'm looking at career paths and saw these two terms and got confused. Pls help out anyone!

may i know starting entry level ops if i commit for about 2 years, what will be the exit opportunities?

i read wso, they keep saying no chance to move into mid and front office

Originally Posted by Unregistered

A VP earning 15k in a bulge bracket is believable. A VP in a local bank is more like 10-12k.

wow, i didn't know VP ranges are that low.
Is it significantly different for say, DBS vs UOB vs say Citibank?

Originally Posted by Unregistered

wow, i didn't know VP ranges are that low.
Is it significantly different for say, DBS vs UOB vs say Citibank?

Please don't listen to him. It depends on your function more than whether the bank is local or foreign.

A vp in my bank earns between 8-12k in back office /mid office function. A VP in front office makes 20k/mth or more, an analyst in front office is easily 8-10k. I'm in a foreign bank.