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

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  #961 (permalink)  
Old 08-08-2022, 12:06 PM
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Total compensation.
What is your department? How many years of experience?

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  #962 (permalink)  
Old 24-09-2022, 01:45 PM
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Got offered 10k avp4 with 8yoe. Is that good?

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  #963 (permalink)  
Old 24-09-2022, 03:26 PM
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Got offered 10k avp4 with 8yoe. Is that good?
What dpt u in? Assuming mo/bo?

At 8 yoe, that is very decent. Looking for your next move soon maybe can bump to 12k?

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  #964 (permalink)  
Old 28-09-2022, 04:03 PM
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Any experienced Sifus mind sharing some career advices?

i) Am I underpaid based on market rate?
ii) Should I stay on first or hop to another bank?

YOE:
- 4 years of exp in big4 audit (banking client), left as Year 2 Senior
- 1 year Contract Accountant
- 6month (on going) in a foreign bank working under control department

Salary close to but yet to hit $5k. Aiming to pivot into Risk management of Bank and currently self study for FRM exam.
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  #965 (permalink)  
Old 28-09-2022, 10:13 PM
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s://.facebook.com/nuswhispers/posts/pfbid0ebcyCrRragbDQPGKk45a3LjDtyQsWQkoZMUvhEnWuX9W tpsggTbfaceMLLy5bwoPl?__cft__[0]=AZURqhwfOotVdLHcOk52_z97uwL74Thq2V1TKvrOR237WAL0y XfFAJObbWfJgO5yFDIyzx3qqE7sVVEc7Zy01EakXpguRrSu7qD 8T_4dqAoAswPSzVxSs6hStUKHcwGWSfhk6AsdMpRT5xQtcE813 2LM-uXVXln8nnOYsZ0a-Z8Z4yQsFsdxHPLX_V9ln2coCLlWwYqEwZ1Mmd_QYi9ON066&__ tn__=%2CO%2CP-R

didn't know working in bank can be so relaxed and lucrative...
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  #966 (permalink)  
Old 03-10-2022, 10:46 PM
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What do RMs make? Base and comms?
I see many rms sell universal life, now driving big cars and fancy cars
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  #967 (permalink)  
Old 04-10-2022, 07:13 AM
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What do RMs make? Base and comms?
I see many rms sell universal life, now driving big cars and fancy cars
RMs for what? Mass retail like selling cc, banccasurance and invesments to retail ppl like u and me -> commissions driven, the sky is ur limit
SME/corporate/private banking RM -> usually fixed base + commissions which may vary based on individual/team/market desk performance

How much exactly do they earn? I don’t have an ans esp for retail since it’s like insurance agent depends on how much clients/aum they bring in. For the rest, i guess the base can range anywhere from 6k as a junior RM and goes up from there?
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  #968 (permalink)  
Old 05-10-2022, 12:36 AM
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RMs for what? Mass retail like selling cc, banccasurance and invesments to retail ppl like u and me -> commissions driven, the sky is ur limit
SME/corporate/private banking RM -> usually fixed base + commissions which may vary based on individual/team/market desk performance

How much exactly do they earn? I don’t have an ans esp for retail since it’s like insurance agent depends on how much clients/aum they bring in. For the rest, i guess the base can range anywhere from 6k as a junior RM and goes up from there?
if u want do retail sales, just be FA. can earn more
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  #969 (permalink)  
Old 06-10-2022, 10:28 PM
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Got offered 10k avp4 with 8yoe. Is that good?
Got offered the same with similar yoe.
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  #970 (permalink)  
Old 07-10-2022, 11:56 PM
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Got offered the same with similar yoe.
What’s ur role?
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