Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Page 42 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




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

Reply
 
Thread Tools
  #411 (permalink)  
Old 11-06-2021, 02:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Dont be a clown pls..no such thing as guarantee la.. if your dept cant justify ur headcount, then u will be transferred to another dept (often not ur choice) la.. if no other dept wants you, then byebye lor.

If ur performance sucks, dont even mention promotion.. increment also dont have la. Some poor performing business units dont even have increment this year..
The post was meant to clarify a previous one.

Post #404 stated...

Promotion is "guaranteed up to AVP" in local banks. They have a "culture of no firing" so you can likely cruise at AVP without getting retrenched.

Please relook into the definition of a clown, thanks.

Reply With Quote
  #412 (permalink)  
Old 11-06-2021, 05:34 PM
Unregistered
Guest
 
Posts: n/a
Default

I think if you start off as a GTP aka graduate program,
After rotation it is almost certain that you will hit avp3 unless you are super buay kan or go offend someone powerful.

After all this is a fast track program to groom future leaders.

For lateral hires definitely slower and no guarantee. That said if you cannot make it to avp in say 7-8 years I think you will leave unless you are those bank tellers kind.

Reply With Quote
  #413 (permalink)  
Old 11-06-2021, 06:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The post was meant to clarify a previous one.

Post #404 stated...

Promotion is "guaranteed up to AVP" in local banks. They have a "culture of no firing" so you can likely cruise at AVP without getting retrenched.

Please relook into the definition of a clown, thanks.
Oh oops.. i thought a clown is someone who made ppl laugh.. Sry, should be “Dont be a joke pls” instead

For even believing that there could potentially be a thing such as guaranteed promotion.. Needing to clarify such statements made me laugh. Hence, you = JOKE

Reply With Quote
  #414 (permalink)  
Old 11-06-2021, 06:42 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Can I clarify if this is true? Any fresh entry will be guaranteed a banking career and promotion up till AVP without any risk of retrenchment? Even during Covid now also safe from it? Any pay cut? What is the salary ceiling for this "safe path"?
Original poster here. For local banks this is true to certain extent. Stay long enough and you will eventually hit AVP unless you're absolutely terrible, in which case you'll probably leave on your own anyway. They also have a culture of protecting jobs which is why you hear about people wanting to move from foreign to local bank during mid career. No pay cut during economic downturn, just lower bonuses possibly.

There are so many AVPs sitting around in MO/BO, just waiting for the lucky break where they get to move up to VP. Salary ceiling is probably around 9k a month (talking about DBS), up to 3 months bonus.

But note that this safe path can be absolutely soulless and dreadful. The hours are long, yet the work you do is quite trivial and sometimes just for show. I've a friend in DBS who said that more than half of the cohort would have left the BO graduate program by the end of two years.
Reply With Quote
  #415 (permalink)  
Old 11-06-2021, 07:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Original poster here. For local banks this is true to certain extent. Stay long enough and you will eventually hit AVP unless you're absolutely terrible, in which case you'll probably leave on your own anyway. They also have a culture of protecting jobs which is why you hear about people wanting to move from foreign to local bank during mid career. No pay cut during economic downturn, just lower bonuses possibly.

There are so many AVPs sitting around in MO/BO, just waiting for the lucky break where they get to move up to VP. Salary ceiling is probably around 9k a month (talking about DBS), up to 3 months bonus.

But note that this safe path can be absolutely soulless and dreadful. The hours are long, yet the work you do is quite trivial and sometimes just for show. I've a friend in DBS who said that more than half of the cohort would have left the BO graduate program by the end of two years.
If you like work-life balance, go a MO role. Salary is higher than BO, although not as high as FO, but the work life balance is great man


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #416 (permalink)  
Old 11-06-2021, 09:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Original poster here. For local banks this is true to certain extent. Stay long enough and you will eventually hit AVP unless you're absolutely terrible, in which case you'll probably leave on your own anyway. They also have a culture of protecting jobs which is why you hear about people wanting to move from foreign to local bank during mid career. No pay cut during economic downturn, just lower bonuses possibly.

There are so many AVPs sitting around in MO/BO, just waiting for the lucky break where they get to move up to VP. Salary ceiling is probably around 9k a month (talking about DBS), up to 3 months bonus.

But note that this safe path can be absolutely soulless and dreadful. The hours are long, yet the work you do is quite trivial and sometimes just for show. I've a friend in DBS who said that more than half of the cohort would have left the BO graduate program by the end of two years.
Thanks so much for the information

So much more helpful compared to people who come in and diss or laugh at comments that aren't funny.
Reply With Quote

  #417 (permalink)  
Old 12-06-2021, 09:40 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anyone working in Citibank here ? How much is the incremental and bonus pa respectively ?
Anyone could share pls? Thanks
Reply With Quote
  #418 (permalink)  
Old 12-06-2021, 12:53 PM
Unregistered
Guest
 
Posts: n/a
Default

What is the rank structure and salary range like in UOB ?

Saw there is VP, FVP, SVP, ED, MD, etc
Reply With Quote
  #419 (permalink)  
Old 12-06-2021, 09:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What is the rank structure and salary range like in UOB ?

Saw there is VP, FVP, SVP, ED, MD, etc
do you have an offer from them?
Reply With Quote
  #420 (permalink)  
Old 27-06-2021, 09:47 PM
Verified Member
 
Join Date: Feb 2021
Posts: 13
risinglikeaczar is on a distinguished road
Default

Hoping to find out more about local banks' normal annual bonus for average performers. Anyone care to share more?

BO:
FO:

Thanks!


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Local Vs Foreign Bank Jobs Income and Jobs 18 01-02-2018 07:34 PM
jump from foreign bank to local bank arrownarrow Income and Jobs 4 30-07-2017 06:35 PM
DBS vs UOB vs OCBC: Among these 3 local banks, which is the best to work in? dreamzknight Income and Jobs 11 05-07-2016 09:54 PM
SPF : What are the salaries of an ASP and above ranks. curious_george Income and Jobs 2 22-06-2015 10:16 AM
$3.5K for an IT role in a local bank unknown Income and Jobs 11 14-03-2014 02:13 PM

» 30 Recent Threads
Is getting a PMP worth it ?
4 Replies, 7,098 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,309 Replies, 4,983,456 Views
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,478 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,610 Views
Career as Teacher ( 1 2 3... Last Page)
10,833 Replies, 6,666,358 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,044,223 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,382 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,607 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,661 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,436 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,378 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,864 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,039 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,497 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,455,437 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,144 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,947 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,807 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,188 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,430 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,577 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,225 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,826 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,610 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,555 Views
MX12 reappointed at MX11
8 Replies, 818 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,535 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,152 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,978 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,607 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:32 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2