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

Originally Posted by Unregistered

For people like you who has not been promoted after 5 years of work exp, perhaps.

I thought 6% increment on average with a promotion after 2 years. If you can earn 7k in 5 years, I think this is on par with US banks as well.

Originally Posted by Unregistered

I thought 6% increment on average with a promotion after 2 years. If you can earn 7k in 5 years, I think this is on par with US banks as well.

Let me break it down for you. 2-year graduate program > promoted to next pay grade > 2-3 years later promoted again to next pay grade.

Starting at 4.4K and assuming a 6% increment for non-promotion years & 15%-25% increment when promoted, it’s very likely for someone in local bank BO/MO to earn close to 7k base after 5 YOE.

I think a lot of people have inflated views of a local bank VP’s pay. The inflated pay stated in this thread could be true but they are definitely not for all people. We are talking about the 3 local banks here and the truth is some that some people take years before they can even smell VP rank. In the bank where I am the youngest VP I have seen is in their mid to late 30s. The lowest VP rank will probably snag u close to $10k inclusive of allowance. VPs in their. Early 30s are rare. AVPs pay range is huge and depends in the number of years of experience. I’d say it ranges from $5k to $12k for those who are stuck in AVPs.

Originally Posted by Unregistered

I think a lot of people have inflated views of a local bank VP’s pay. The inflated pay stated in this thread could be true but they are definitely not for all people. We are talking about the 3 local banks here and the truth is some that some people take years before they can even smell VP rank. In the bank where I am the youngest VP I have seen is in their mid to late 30s. The lowest VP rank will probably snag u close to $10k inclusive of allowance. VPs in their. Early 30s are rare. AVPs pay range is huge and depends in the number of years of experience. I’d say it ranges from $5k to $12k for those who are stuck in AVPs.

The so called VP at bank is only middle manager. Real VPs earn 600k to 2M at big companies. 1/3 of GS employee has VP title and that says a lot.

Youngest VP mid to late 30s? Csb.

Have friends who are 30 just got promoted to VP.

Originally Posted by Unregistered

Youngest VP mid to late 30s? Csb.

Have friends who are 30 just got promoted to VP.

7 to 8 years to VP for top performer. If your friend is a girl it is possible. Junior VP earns around 140k including bonus. I am talking about BO/MO. FO pay is another level.

Originally Posted by Unregistered

7 to 8 years to VP for top performer. If your friend is a girl it is possible. Junior VP earns around 140k including bonus. I am talking about BO/MO. FO pay is another level.

The friend(s) I was referring to are in MO/BO. Made VP in close to 7 years.

Hi guys, I'm going to interview for Treasures Manager. Thoughts? I rather hear the cold hard truths

Originally Posted by Unregistered

The friend(s) I was referring to are in MO/BO. Made VP in close to 7 years.

It is possible, I’m just saying that not everybody can get a VP when they reach 30. In all likelihood, may be only the top 5% will be able to achieve this. I also understand in UOB for example VPs are easier to attain as they they have a very flat rank structure and There are just a few ranks to a junior VP rank.

Originally Posted by Unregistered

It is possible, I’m just saying that not everybody can get a VP when they reach 30. In all likelihood, may be only the top 5% will be able to achieve this. I also understand in UOB for example VPs are easier to attain as they they have a very flat rank structure and There are just a few ranks to a junior VP rank.

If you are talking about those who were previously in graduate programs, it’s around 20%-30%. If you exclude those who have left the bank since, around 35%-50% from the class/intake can make VP MO/BO in 7 years thereabouts.