Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - 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
  #1 (permalink)  
Old 15-05-2018, 03:29 PM
Junior Member
 
Join Date: May 2018
Posts: 1
sgproptrader is on a distinguished road
Default 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.

Reply With Quote
  #2 (permalink)  
Old 15-05-2018, 05:21 PM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #3 (permalink)  
Old 27-09-2018, 05:21 AM
Unregistered
Guest
 
Posts: n/a
Default

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

Reply With Quote
  #4 (permalink)  
Old 27-09-2018, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
  #5 (permalink)  
Old 27-09-2018, 02:28 PM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #6 (permalink)  
Old 27-09-2018, 06:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote

  #7 (permalink)  
Old 04-10-2018, 03:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #8 (permalink)  
Old 27-10-2018, 10:56 AM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #9 (permalink)  
Old 27-10-2018, 09:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
  #10 (permalink)  
Old 27-10-2018, 09:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
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
Lawyer Salary ( 1 2 3... Last Page)
16,856 Replies, 6,228,632 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,495 Replies, 1,969,523 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
7,685 Replies, 2,248,791 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,003 Replies, 520,803 Views
Marriott International
0 Replies, 34 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,250 Replies, 872,915 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
3,841 Replies, 2,795,763 Views
Internship tips
5 Replies, 199 Views
Career as Teacher ( 1 2 3... Last Page)
5,429 Replies, 3,372,622 Views
HSBC Bank ( 1 2 3)
28 Replies, 57,742 Views
High Finance Thread ( 1 2 3... Last Page)
872 Replies, 224,176 Views
NUS (National University of... ( 1 2 3... Last Page)
199 Replies, 158,841 Views
IMDA (under MCI) ( 1 2 3... Last Page)
310 Replies, 138,470 Views
UOB Management Associate Program ( 1 2 3... Last Page)
854 Replies, 390,335 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,331 Replies, 2,229,243 Views
PSA International ( 1 2 3... Last Page)
86 Replies, 23,801 Views
GovTech ( 1 2 3... Last Page)
2,992 Replies, 787,068 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
163 Replies, 61,348 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,585 Replies, 3,023,735 Views
Micron starting pay ( 1 2 3... Last Page)
352 Replies, 138,427 Views
ST Engineering Aerospace ( 1 2 3... Last Page)
34 Replies, 35,764 Views
Mapletree Investments
7 Replies, 14,356 Views
is this tech job normal? ( 1 2 3)
26 Replies, 3,664 Views
Need some advice if I should early... ( 1 2 3)
25 Replies, 1,045 Views
Htx ( 1 2 3... Last Page)
76 Replies, 25,020 Views
Compare civil service salary ( 1 2 3... Last Page)
14,011 Replies, 8,678,240 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
547 Replies, 187,948 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,913 Replies, 1,863,135 Views
dealing with freelance investor
9 Replies, 3,409 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,047 Replies, 357,368 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:05 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2