Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 63 - 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
  #621 (permalink)  
Old 27-02-2022, 07:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
At least u can enter GS, may i know whats your YOE and pay/title?
frankly speaking, entering GS in ops is actually quite easy. imho FO in local banks beats being in GS ops

Reply With Quote
  #622 (permalink)  
Old 27-02-2022, 07:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
frankly speaking, entering GS in ops is actually quite easy. imho FO in local banks beats being in GS ops
Nah. Believe it or not, local bank FO is actually easier. Just do a simple search online.



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
  #623 (permalink)  
Old 27-02-2022, 08:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Nah. Believe it or not, local bank FO is actually easier. Just do a simple search online.
many BB ops hire graduates that aren't even from local uni.... some even from overseas who can't speak fluent english

Reply With Quote
  #624 (permalink)  
Old 27-02-2022, 08:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
many BB ops hire graduates that aren't even from local uni.... some even from overseas who can't speak fluent english
You are talking about GS/JPM? Perhaps a few, same can be said for direct hires in local bank FO as well tbf. But you can hardly find any non-local uni in BB ops grad programme. There are quite a handful of 1:1s per intake too. GS ops now pay 5k/mth with 3 mths bonus for ops grad fyi
Reply With Quote
  #625 (permalink)  
Old 27-02-2022, 08:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are talking about GS/JPM? Perhaps a few, same can be said for direct hires in local bank FO as well tbf. But you can hardly find any non-local uni in BB ops grad programme. There are quite a handful of 1:1s per intake too. GS ops now pay 5k/mth with 3 mths bonus for ops grad fyi
GS 5k monthly?

wow i remember 4 years ago it was 3.8k? i think..

not bad
Reply With Quote
  #626 (permalink)  
Old 27-02-2022, 09:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are talking about GS/JPM? Perhaps a few, same can be said for direct hires in local bank FO as well tbf. But you can hardly find any non-local uni in BB ops grad programme. There are quite a handful of 1:1s per intake too. GS ops now pay 5k/mth with 3 mths bonus for ops grad fyi
Yup can confirm. Currently GS MO, joined last year. 5k/mth. Honestly not that hard to enter since GS has been hiring aggressively if you all browse mcf and linkedin. My degree not even relevant. Was from ntu engineering and working in b4. Anyhow spammed application and they somehow took me in.When i first entered i didn't even know the difference between FO MO BO. But after working 2 months i realised my job is mundane af. Thought maybe if I took cfa got better chance of getting into FO, but now don't even think i can pass cfa level 1 haha.
Reply With Quote

  #627 (permalink)  
Old 27-02-2022, 09:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
have fun being stuck there. gs is well known to promote "internal mobility" but strongly prevents u from moving FO
thanks for sharing. are you from gs?
Reply With Quote
  #628 (permalink)  
Old 27-02-2022, 09:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Nah. Believe it or not, local bank FO is actually easier. Just do a simple search online.
Whether easier to enter or not, long term prospect of local bank FO definitely better than BB ops
Reply With Quote
  #629 (permalink)  
Old 27-02-2022, 10:44 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Whether easier to enter or not, long term prospect of local bank FO definitely better than BB ops
Definitely agree with you. I was from GS ops and sharing what I know.

GS ops offer 5k/month because it's hard to attract talents into ops. GS have been facing extremely high turnover rate for grad hires in ops and thus they believe that by bumping up the salary, they can reduce this turnover rate. 3 month bonus is only for this year where across all banks, bonuses have been high. GS is also readjusting rates and it is a one-time thing only. On average, expect to work more than 10 hours in GS ops, obtain a not bad base salary and a 1 month bonus max on normal years.
Reply With Quote
  #630 (permalink)  
Old 27-02-2022, 11:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Definitely agree with you. I was from GS ops and sharing what I know.

GS ops offer 5k/month because it's hard to attract talents into ops. GS have been facing extremely high turnover rate for grad hires in ops and thus they believe that by bumping up the salary, they can reduce this turnover rate. 3 month bonus is only for this year where across all banks, bonuses have been high. GS is also readjusting rates and it is a one-time thing only. On average, expect to work more than 10 hours in GS ops, obtain a not bad base salary and a 1 month bonus max on normal years.
May I know where did you exit gs ops to? Are you still doing ops? So on average ops bonus only 1 mth? including middle office ops?
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
SIA AO grades ( 1 2 3... Last Page)
68 Replies, 28,052 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
934 Replies, 198,298 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,429 Replies, 2,449,572 Views
Lawyer Salary ( 1 2 3... Last Page)
17,199 Replies, 6,489,272 Views
Career as Teacher ( 1 2 3... Last Page)
5,667 Replies, 3,527,728 Views
Jumping into the tech private... ( 1 2 3... Last Page)
69 Replies, 8,899 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,616 Replies, 3,111,858 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,188 Replies, 580,890 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,886 Replies, 974,277 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,985 Replies, 1,934,120 Views
GovTech ( 1 2 3... Last Page)
3,202 Replies, 866,688 Views
Compare civil service salary ( 1 2 3... Last Page)
14,252 Replies, 8,961,537 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
971 Replies, 637,525 Views
Micron starting pay ( 1 2 3... Last Page)
460 Replies, 166,145 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,611 Replies, 2,037,087 Views
Medical lab job (medical...
3 Replies, 1,043 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,156 Replies, 522,346 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
633 Replies, 161,981 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
220 Replies, 74,632 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,301 Replies, 711,839 Views
ST Electronics ( 1 2 3... Last Page)
2,811 Replies, 854,309 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
896 Replies, 555,711 Views
High Finance Thread ( 1 2 3... Last Page)
1,221 Replies, 262,037 Views
Facebook (Meta) ( 1 2 3... Last Page)
52 Replies, 10,971 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
526 Replies, 147,325 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,063 Replies, 380,204 Views
Engineer Pay ( 1 2 3... Last Page)
473 Replies, 245,739 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,631 Replies, 894,454 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
90 Replies, 12,157 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,983 Replies, 754,018 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:38 PM.


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