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

Originally Posted by Unregistered

GS Ops or like corporate banking in BNP??

dumb question

Originally Posted by Unregistered

Highly likely you are not from GS Ops. 3 months bonus is only for this year and not every year. VP in 6 years means promoting almost every year which is extremely hard.

I am actually. Bonuses paid out this year (for bumper FY2021) was 3-6months for ops — received 5 months myself. Average year in GS ops is 3 months (probably paying the most out of all BB ops).

And no, promoting *every* year for 6 years would not be VP. A > SA > Assoc > Snr Assoc > VP. High flyers do it in 5 years as someone said earlier.

Originally Posted by Unregistered

GS Ops or like corporate banking in BNP??

If you need to ask this then you shld just go GS ops since you dk how to use your brain anyway

Its clear that:
1. GS ops > Local bank
2. GS ops < BNP

How about GS ops vs HSBC/SCB (FO but like commercial/corporate banking)?

Originally Posted by Unregistered

Its clear that:
1. GS ops > Local bank
2. GS ops < BNP

How about GS ops vs HSBC/SCB (FO but like commercial/corporate banking)?

FYI gs ops pay higher than grad progs in hsbc LOL

Originally Posted by Unregistered

If you're a high flyer (top 5%), you can make VP in 5 years. That is the fastest. But VP in 5 years only earns you about 8-9k.

Bro I am an associate at a BB and I am alr drawing close to 9k base. VP where got only 8k? esp if you talking about GS

Originally Posted by Unregistered

FYI gs ops pay higher than grad progs in hsbc LOL

Need to see long term job prospect also la

Been on both sides. GS ops and now local bank FO. Its a myth that all FO ( even if u exclude the consumer banking stuff that sells to aunties) pays better than GS ops. In local banks, not difficult to find FO teams that may be on parity or worse than GS ops. The only positive is it gives them a better chance to lateral into foreign banks with better pay

Originally Posted by Unregistered

Been on both sides. GS ops and now local bank FO. Its a myth that all FO ( even if u exclude the consumer banking stuff that sells to aunties) pays better than GS ops. In local banks, not difficult to find FO teams that may be on parity or worse than GS ops. The only positive is it gives them a better chance to lateral into foreign banks with better pay

what's your FO role?

Originally Posted by unregistered

its clear that:
1. Gs ops > local bank
2. Gs ops < bnp

how about gs ops vs hsbc/scb (fo but like commercial/corporate banking)?

101% hsbc.