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

Lol you sure 7-8% consistently on non-promotion years? If i dont get promotion for next 30 years, I will probably be earning more than my boss! Or even my boss’s boss!

The road from analyst to associate in GS BO/MO is around 5 years, thats why many people left. While I believe a VP salary is around 10-ishk, getting promoted there takes at least 8 years or more. That is, if there is no cost-cutting on the FO-side which trickles down to the MO/BO.

Big disclaimer - This data is from 2019, not sure how much have changed during the covid years for BO/MO.

The VPs in other global companies earn way more than banking VPs. Interesting to see how people debate over VP salaries in banking.

Originally Posted by Unregistered

The VPs in other global companies earn way more than banking VPs. Interesting to see how people debate over VP salaries in banking.

How can you even compare non-banking VP and banking VP lmaoooo

Originally Posted by Unregistered

The VPs in other global companies earn way more than banking VPs. Interesting to see how people debate over VP salaries in banking.

People wont know you are dumb if you dont post on forums XD

Anyone have experience working in Group finance as a finance officer? I was offered from DBS however it is a 1 year contract duties are stuffs such as processing invoices is it a good place to start?

Originally Posted by Unregistered

This BB you are in, your father open one ah? LOL. ****ing joke. Associate ops ceiling cap 14k, making a fool of yourself. 7-8% average increment, you can continue lying to yourself. I've been in the finance industry for 8 years since grad, you can carry on lying to yourself, but i believe people here are not dumb enough to believe whatever you or anyone else posts here that easily.

Again, stop acting like you are itk. 8 years in finance? You seriously expect people to believe you? How about you put down your LinkedIn and I’ll reach out? 7-8% increment is not considered a lot btw - where are you even working at to think that this figure is a lot?

And yes - for some BO/MO functions, the salary ceiling cap for associate can reach 14k (e.g. compliance) with the lowest ceiling cap at 10k (e.g. functions like settlements). First you say bank MA no increment, now say 7-8% increment is bullsh*t, how fking dense are you? Or are you just that bad lmao

Here’s the traditional track (for avg performers who begin in BB grad program)

Analyst (2-3 Years) > Associate (2 years) > Senior Associate (2-3 years) > VP > ED/SVP > MD

*A few BBs have the SA position in BO/MO to make the climb to VP longer. From VP onwards, it’s harder to progress on to ED/SVP. That said, salary cap for VP can go up to 20k depending on YOE (as is with those stuck @ the associate level).

If you are apprehensive, just go elsewhere to corroborate salary info (LinkedIn search on similar profiles/Glassdoor filter by YOE/MCF etc). Just don’t be stupid enough to type “no increment at all during the 2-3 years program” / “7%-8% increment is too much. Why are you lying to yourself?”

So much salt rofl

Originally Posted by Unregistered

How can you even compare non-banking VP and banking VP lmaoooo

Thats why what is so good about banking vp.

Originally Posted by Unregistered

People wont know you are dumb if you dont post on forums XD

Just hilarious how people debate on banking vp. Not about being dumb or not. This is a banking thread in any case.

Originally Posted by Unregistered

Thats why what is so good about banking vp.

Banking VP can be reached within 6-9 years. VP in other industries will easily take you 15 years. Hence the difference.

No one goes to banking thinking VP is the holy grail (although it’s a 5 digit income). Those with ambition aim for director and above.