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

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  #551 (permalink)  
Old 04-12-2021, 11:44 AM
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UOB VP, consumer banking MO with over 10++years experience - - - is <10k monthly base kinda low balled?

Seems like foreign banks pay a lot more?
Not sure about UOB pay scales, but at 10+ years I'd say at least 11-13k for a vp role in other banks. think they are offering you an increment based off your current pay, which may explain the lowball?

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  #552 (permalink)  
Old 04-12-2021, 09:43 PM
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Is it worth taking a risk to switch from local to foreign consumer bank MO after age 40, despite the lower pay? -10to20pc...
Common perception is local banks are more suited when one is nearing retirement, more stable and less likely to hire n fire / downsize.
Thoughts?

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  #553 (permalink)  
Old 06-12-2021, 08:07 PM
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Is it worth taking a risk to switch from local to foreign consumer bank MO after age 40, despite the lower pay? -10to20pc...
Common perception is local banks are more suited when one is nearing retirement, more stable and less likely to hire n fire / downsize.
Thoughts?
Lower pay and less stability? Doesn't sound like a good deal (unless your salary trajectory at the foreign bank is superior to the local one)

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  #554 (permalink)  
Old 07-12-2021, 03:03 PM
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UOB VP, consumer banking MO with over 10++years experience - - - is <10k monthly base kinda low balled?

Seems like foreign banks pay a lot more?
Consumer banking, so this kind of salary is expected?
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  #555 (permalink)  
Old 14-12-2021, 04:18 PM
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What do local private banking assistant RMs make?
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  #556 (permalink)  
Old 14-12-2021, 05:54 PM
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What do local private banking assistant RMs make?
4.2k per month
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  #557 (permalink)  
Old 15-12-2021, 10:27 AM
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4.2k per month
Not bad leh thought will be much less. Bonus about 1-2 months?
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  #558 (permalink)  
Old 15-12-2021, 09:31 PM
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Consumer banking, so this kind of salary is expected?
You'd be surprised, I'm in a BB and 10y total experience VP in ops makes just 9-10k with 0.7 months bonus. American Bank, and yes, operations.


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  #559 (permalink)  
Old 15-12-2021, 09:34 PM
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You'd be surprised, I'm in a BB and 10y total experience VP in ops makes just 9-10k with 0.7 months bonus. American Bank, and yes, operations.
Sounds like bank of america
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  #560 (permalink)  
Old 15-12-2021, 10:37 PM
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You'd be surprised, I'm in a BB and 10y total experience VP in ops makes just 9-10k with 0.7 months bonus. American Bank, and yes, operations.
All 10 years in the same bank?
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