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

Originally Posted by Unregistered

Hi I am from GS Ops, starting pay was 4.4k for last year's grads. This year I heard is 4.6k

Hmm that's quite low. What about other BBs (i.e. JPM/MS etc)?

Heard lots of BO/MO banking peeps are doing project management now, which is sorta a transferrable skillset (some even PMP/Scrum certified)

Originally Posted by Unregistered

once BO, forever BO.

because your skill sets are not relevant to FO.

so to those saying BB BO > local bank FO, should really FO. as in GTFO

Why are you so angry with the world? Relax bro. Don’t get upset just because you work in big 4

Originally Posted by Unregistered

Hmm that's quite low. What about other BBs (i.e. JPM/MS etc)?

Heard lots of BO/MO banking peeps are doing project management now, which is sorta a transferrable skillset (some even PMP/Scrum certified)

I’m a recent fresh hire (2019) with a BB, just cleared my PMI-ACP certification. I work under a not-so-glamorous dept with the bank that deals with front loading queries and automating DCF scripts.

I don’t think my skillset is transferable unless I plan on doing a lateral jump to another BO role at another bank

I was from EEE back in uni. Kinda gutted... despite the salary being decent (an upwards of 70K per annum), I don’t see myself progressing towards an FO role.

[sinkingfeeling]

Originally Posted by Unregistered

I’m a recent fresh hire (2019) with a BB, just cleared my PMI-ACP certification. I work under a not-so-glamorous dept with the bank that deals with front loading queries and automating DCF scripts.

I don’t think my skillset is transferable unless I plan on doing a lateral jump to another BO role at another bank

I was from EEE back in uni. Kinda gutted... despite the salary being decent (an upwards of 70K per annum), I don’t see myself progressing towards an FO role.

Anything is better than being a failure with a useless private begree

Jiayou

Originally Posted by sinkingfeeling

Anything is better than being a failure with a useless private begree

Jiayou

Er bro, there are actually some private degree grads in BB BO/MO Grad programmes.

Why so much hate towards them?

Originally Posted by Unregistered

I’m a recent fresh hire (2019) with a BB, just cleared my PMI-ACP certification. I work under a not-so-glamorous dept with the bank that deals with front loading queries and automating DCF scripts.

I don’t think my skillset is transferable unless I plan on doing a lateral jump to another BO role at another bank

I was from EEE back in uni. Kinda gutted... despite the salary being decent (an upwards of 70K per annum), I don’t see myself progressing towards an FO role.

70K per annum based on basic salary?

Thats a lot for a fresh grad already.

[sinkingfeeling]

Originally Posted by Unregistered

Er bro, there are actually some private degree grads in BB BO/MO Grad programmes.

Why so much hate towards them?

Not them, us

I am one such loser

Originally Posted by sinkingfeeling

Not them, us

I am one such loser

Whining not gg to help, jiayou!

Originally Posted by Unregistered

Er bro, there are actually some private degree grads in BB BO/MO Grad programmes.

Why so much hate towards them?

Very few. Most of these grads either worked their way into a BB after some years or had connections. Very few private deg grads get to start out in a BB without some sort of connections.

I can confirm.

There are zero private u grads at any graduate analyst programme in the Singapore office, both for BB and the local banks.

However, there are private u grads as experienced hires, most of ‘em with 3 years from Big 4 or ACN CDO, before transferring to BO/MO role.