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sgproptrader 15-05-2018 03:29 PM

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

Been searching for local bank salaries as I am progressing the ranks in a local bank. I checked through this forum and feel that many people are not giving realistic salaries. Example, work for 2 to 3 years can become AVP. or AVP salary > 15k etc.

Below are the ranks that I am aware of based on my experience. I was working at the back office and now currently in the middle office.

Hopefully the community can update what I type. I appreciate people giving actual salaries that they have received when working. Kindly avoid those" My friend told me" comments. Also, if you are a high flyer front office guy, please do comment on other threads. I believe if you are a senior rank person, ED, MD , you probably will not look at forums for salary guide.

UOB: Class 2 Officer , Senior Officer, Manager, AVP, VP1, VP2, FVP .....

DBS: Analyst, Associate, Senior Associate, AVP, VP, SVP , ED , MD

OCBC: ??


I can confirm that if you are back office UOB AVP, your salary can be something like 6k+ (lowest). The band is quite wide.

For Associate, your band can be 4k + to 5.8k. For Senior associate, can be from 68000 to 100k per year.

The above figures, I have worked the roles before and have asked the HR directly.

For DBS, most back/middle jobs require at least 5 years of banking experience. 8 years and above for AVP.
Please do share more details.

Unregistered 15-05-2018 05:21 PM

i am CEO of Goldman Sachs.

last year i worked as bank teller for them. within 1 year i hit the CEO post and am proud of it.

my current annual salary is more than Prime Minister Lee Hsien Loong.

Unregistered 27-09-2018 05:21 AM

I myself am befuddled by the ranks in the local banks. I have recently shifted from dbs as associate to job senior officer.

I was drawing 4.2 as associate in dbs and 4.8 as senior officer in uob

Unregistered 27-09-2018 10:54 AM

Quote:

Originally Posted by Unregistered (Post 110500)
I myself am befuddled by the ranks in the local banks. I have recently shifted from dbs as associate to job senior officer.

I was drawing 4.2 as associate in dbs and 4.8 as senior officer in uob

How many years of work experience do you have?
How many months bonus in total will you be getting?

Unregistered 27-09-2018 02:28 PM

Let me try to input for OCBC.

OCBC: (Bank Officers), Associate8, Assistant Manager7, Manager6, Assistant Vice President5, AVP4, VP3, VP2, VP1, SVP?, MD?

Not very sure of the senior ranks. But within each rank, there is a band

Unregistered 27-09-2018 06:41 PM

Quote:

Originally Posted by Unregistered (Post 110504)
How many years of work experience do you have?
How many months bonus in total will you be getting?

I entered as fresh. So total would be 5 years. I received 3~3.5 months not sure about now.

Unregistered 04-10-2018 03:52 PM

Quote:

Originally Posted by Unregistered (Post 110500)
I myself am befuddled by the ranks in the local banks. I have recently shifted from dbs as associate to job senior officer.

I was drawing 4.2 as associate in dbs and 4.8 as senior officer in uob

What is the requirement to become an associate of bank?
Apply few time but not success.

Unregistered 27-10-2018 10:56 AM

Worked in OCBC year 2000 till 2001:
- Entered as Poly grad with 3 years experience $2.1k base (rank is Bank Officer)
- Promoted to assistant manager in 2001, pay $3.2k

Worked in DBS year 2006 to 2007:
- Entered as AVP, pay $7.5k... qualifications is non-degree (only with diploma)

Worked in UOB 2015 to 2017:
- entered as VP1, pay $10K.... qualifications is Master degree (earned in in 2014 via distance learning)

Worked in Stanchart 2018 till now
- Entered as Band6, pay is $160k base per annum

Unregistered 27-10-2018 09:24 PM

Quote:

Originally Posted by Unregistered (Post 111203)
Worked in OCBC year 2000 till 2001:
- Entered as Poly grad with 3 years experience $2.1k base (rank is Bank Officer)
- Promoted to assistant manager in 2001, pay $3.2k

Worked in DBS year 2006 to 2007:
- Entered as AVP, pay $7.5k... qualifications is non-degree (only with diploma)

Worked in UOB 2015 to 2017:
- entered as VP1, pay $10K.... qualifications is Master degree (earned in in 2014 via distance learning)

Worked in Stanchart 2018 till now
- Entered as Band6, pay is $160k base per annum

DBs average how many months of bonus?

Unregistered 27-10-2018 09:55 PM

Quote:

Originally Posted by Unregistered (Post 111203)
Worked in OCBC year 2000 till 2001:
- Entered as Poly grad with 3 years experience $2.1k base (rank is Bank Officer)
- Promoted to assistant manager in 2001, pay $3.2k

Worked in DBS year 2006 to 2007:
- Entered as AVP, pay $7.5k... qualifications is non-degree (only with diploma)

Worked in UOB 2015 to 2017:
- entered as VP1, pay $10K.... qualifications is Master degree (earned in in 2014 via distance learning)

Worked in Stanchart 2018 till now
- Entered as Band6, pay is $160k base per annum

You have a very good progression in the first 8 years. It kind of slow down between 2007 to 2015 comparing to other years. Possible to illustrate with bonus? It is an amazing feat that you did earn $7.5k without a degree with 7 years experience.


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