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

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  #521 (permalink)  
Old 21-11-2021, 04:54 PM
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Was an intern in ECM there. Conversion to FT only 4K LOL
rekt. Dk why people like spouting lies of local banks paying 10k per month for IB. Never in a million years

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  #522 (permalink)  
Old 21-11-2021, 09:43 PM
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Can confirm this - I am an IB analyst at DBS. The reason why the salary is so competitive is to ward away competition from BB. To those throwing shade, you don't know the actual salary because you never even bothered applying here.
You got offered 10-12k? Damn, low performer.... I am racking up 20k first year analyst

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  #523 (permalink)  
Old 21-11-2021, 10:37 PM
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Can confirm this - I am an IB analyst at DBS. The reason why the salary is so competitive is to ward away competition from BB. To those throwing shade, you don't know the actual salary because you never even bothered applying here.
4k plus considered competitive in IB space? I know boutiques/MMs that pay more.

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  #524 (permalink)  
Old 23-11-2021, 05:25 PM
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Can confirm this - I am an IB analyst at DBS. The reason why the salary is so competitive is to ward away competition from BB. To those throwing shade, you don't know the actual salary because you never even bothered applying here.
Noted, and I am the Pope
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  #525 (permalink)  
Old 23-11-2021, 06:49 PM
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rekt. Dk why people like spouting lies of local banks paying 10k per month for IB. Never in a million years
is DBS IB really 4k? It is the Strategic Advisory department, right?

s://.mycareersfuture.gov.sg/job/banking-finance/associate-strategic-advisory-institutional-banking-group-dbs-bank-79047bd874f2ec3ab4979e5187ba394a?gclid=CjwKCAiAv_K MBhAzEiwAs-rX1Py8QxwvmRmUmeyMvR4M1uQiVjfxSLE9jClWE6Qy0-2gWa4GzkC7-BoC8hQQAvD_BwE

Reason I am asking is because I have a friend who told me it is 6k+ for an analyst position, but I saw that it is nowhere near that pay in the link above.
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  #526 (permalink)  
Old 23-11-2021, 06:58 PM
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is DBS IB really 4k? It is the Strategic Advisory department, right?

s://.mycareersfuture.gov.sg/job/banking-finance/associate-strategic-advisory-institutional-banking-group-dbs-bank-79047bd874f2ec3ab4979e5187ba394a?gclid=CjwKCAiAv_K MBhAzEiwAs-rX1Py8QxwvmRmUmeyMvR4M1uQiVjfxSLE9jClWE6Qy0-2gWa4GzkC7-BoC8hQQAvD_BwE

Reason I am asking is because I have a friend who told me it is 6k+ for an analyst position, but I saw that it is nowhere near that pay in the link above.
Mcf prolly won’t lie. I mean cmon, local banks are more known for retail and commercial banking. Deal flow is bad for IB, except for the few sg linked entities throwing deals their way (SIA etc.)
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  #527 (permalink)  
Old 23-11-2021, 07:01 PM
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is DBS IB really 4k? It is the Strategic Advisory department, right?

s://.mycareersfuture.gov.sg/job/banking-finance/associate-strategic-advisory-institutional-banking-group-dbs-bank-79047bd874f2ec3ab4979e5187ba394a?gclid=CjwKCAiAv_K MBhAzEiwAs-rX1Py8QxwvmRmUmeyMvR4M1uQiVjfxSLE9jClWE6Qy0-2gWa4GzkC7-BoC8hQQAvD_BwE

Reason I am asking is because I have a friend who told me it is 6k+ for an analyst position, but I saw that it is nowhere near that pay in the link above.
6+ is a little low. DBS pays around 8-10k.
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  #528 (permalink)  
Old 23-11-2021, 07:01 PM
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is DBS IB really 4k? It is the Strategic Advisory department, right?

s://.mycareersfuture.gov.sg/job/banking-finance/associate-strategic-advisory-institutional-banking-group-dbs-bank-79047bd874f2ec3ab4979e5187ba394a?gclid=CjwKCAiAv_K MBhAzEiwAs-rX1Py8QxwvmRmUmeyMvR4M1uQiVjfxSLE9jClWE6Qy0-2gWa4GzkC7-BoC8hQQAvD_BwE

Reason I am asking is because I have a friend who told me it is 6k+ for an analyst position, but I saw that it is nowhere near that pay in the link above.
Yes, it is strategic advisory. If you look at the lowest amount in the range, it's 3.75 which is a fresh grad analyst pay. They prob pay 6k+ for associates only. However bear in mind this is 2018. It's prob slightly higher now.
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  #529 (permalink)  
Old 23-11-2021, 07:02 PM
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6+ is a little low. DBS pays around 8-10k.
Not sure if trolling.. although I would believe it as they dominate the REITs space in SG
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  #530 (permalink)  
Old 23-11-2021, 07:05 PM
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Yes, it is strategic advisory. If you look at the lowest amount in the range, it's 3.75 which is a fresh grad analyst pay. They prob pay 6k+ for associates only. However bear in mind this is 2018. It's prob slightly higher now.
ah my friend was talking about 6k for an analyst/fresh grad position


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