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

Lol at these kids throwing words like “local bank prestige”.

To be honest, if you’re in a non-BB bank working in a non-quant role under depts other than S&T/Treasury/IB in the local banks, you’re all viewed the same by the high finance gatekeepers.

Originally Posted by Unregistered

Appreciate the advices! Since I want to have a career in finance, would it be good to ask for a transfer into advisory (but I know it is more competitive to get in than audit). Also, I have tried to apply for banking graduate programmes but no luck. Does it make a difference if I leave big 4 into a BB MO/FO job after 1.5/2 years in terms of career progression & salary-wise?

Once again thank you & happy to hear many more advices or insights from you/anyone.

-Private Uni (SIM-UOL), big 4 audit associate with close to 1 year experience.

For EY, try to get into TAS.
For Deloitte, try to get into Fin Advisory.
For PwC, try to get into Deal Advisory.
For KPMG, try to get into Deal Advisory.

Ideally, you’d want to do M&A work but if not, the next best alternative would be to get yourself internally transferred to the aforementioned arms. Generally if the role covers either valuation or debt restructuring, you’ll have a high chance to do a jump to FO/MO BB roles.

Also I’m assuming you’re an A2 now, if memory serves me right, cross-arm transfers, you’ll be restarting your pay grade back to A1. Don’t quote me on this, check with your HR.

Originally Posted by Unregistered

Lol at these kids throwing words like “local bank prestige”.

To be honest, if you’re in a non-BB bank working in a non-quant role under depts other than S&T/Treasury/IB in the local banks, you’re all viewed the same by the high finance gatekeepers.

look at all these kids throwing words like BB

if you're not a doctor or lawyer, you're of a lower class than us. even if you're rich. money can only get you so far.

Originally Posted by Unregistered

look at all these kids throwing words like BB

if you're not a doctor or lawyer, you're of a lower class than us. even if you're rich. money can only get you so far.

Ok hdb boomer. Clearly you must not have a lot of money and have never left the country. LMAFO “money can only get you so far”

Originally Posted by Unregistered

Lol at these kids throwing words like “local bank prestige”.

To be honest, if you’re in a non-BB bank working in a non-quant role under depts other than S&T/Treasury/IB in the local banks, you’re all viewed the same by the high finance gatekeepers.

Everyone is the same as viewed under being an employee

Originally Posted by Unregistered

Lol at these kids throwing words like “local bank prestige”.

To be honest, if you’re in a non-BB bank working in a non-quant role under depts other than S&T/Treasury/IB in the local banks, you’re all viewed the same by the high finance gatekeepers.

As much as this isn't a nice way to put it, this is very much true in most banks. I am in s&t, and I can't stress this enough... The MO/BO always copy us in process improvements stuff for our trades, which none of us reads. As much as it helps with efficiency and reduces human error, it adds zero value to us. That said, I defo appreciate these people catching my mistakes on bookings, and inform me of any settlement issues.

Market risk reporting role with 3 years exp should expect how much?

I feel like I’m underpaid.
I’m still drawing 3k plus

Model validation is a better career choice right?

Originally Posted by Unregistered

And may I add, increment is 3% for average dudes. Lol.

My friend average performer in BO get 6-9% increment for a few years In JPM

3% should be lousy performer?

Originally Posted by Unregistered

My friend average performer in BO get 6-9% increment for a few years In JPM

3% should be lousy performer?

Then your friend is talking cock. 3% is average in jpm mo/Bo. You ask him to screen shot before and after payslip to u then talk. The whole jpm ops in changi fkn business park knows yearly increment is pathetic.

Originally Posted by Unregistered

Then your friend is talking cock. 3% is average in jpm mo/Bo. You ask him to screen shot before and after payslip to u then talk. The whole jpm ops in changi fkn business park knows yearly increment is pathetic.

I heard bonus not good also. Barely a month
Same as what u heard ?