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

Originally Posted by Unregistered

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.

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.

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

Anyone working in Citibank here ? How much is the incremental and bonus pa respectively ?

Anyone could share pls? Thanks

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

Saw there is VP, FVP, SVP, ED, MD, etc

Originally Posted by Unregistered

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?

[risinglikeaczar]

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

BO:
FO:

Thanks!