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

Originally Posted by Unregistered

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?

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?

Originally Posted by Unregistered

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)

Originally Posted by Unregistered

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?

What do local private banking assistant RMs make?

Originally Posted by Unregistered

What do local private banking assistant RMs make?

4.2k per month

Originally Posted by Unregistered

4.2k per month

Not bad leh thought will be much less. Bonus about 1-2 months?

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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?