Band 4 and Band 5 in Standard Chartered - Page 2 - 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




Band 4 and Band 5 in Standard Chartered

Reply
 
Thread Tools
  #11 (permalink)  
Old 27-04-2020, 06:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I really appreciate the response.

Would you be able to share why SCB is not doing well? Is this Internationally or in Singapore?

I know it's not the best climate now, but I'm keen to get a ball park around expectations. I've never worked in banking in Singapore (but I have overseas), so would be keen to hear some figures.

Also, would it be correct to say (for e.g. in DBS standards) Band 4 is the equivalent of SVP and band 5 VP.

Thanks again.
s://.businesstimes.com.sg/banking-finance/stancharts-troubled-loans-top-us600m-on-corporate-woes?utm_source=telegram&utm_medium=social-organic


weeewooooweeewooooo

Reply With Quote
  #12 (permalink)  
Old 28-04-2020, 12:21 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
the other way round. AVP in SCB is equivalent to VP/SVP in DBS, for example. Band 4 200k should be the lower bound.
Thank you. Appreciate the insight. Are / were you in SCB?

Any other insights you can share? How's the culture in ops? At band 4/5, how's the workload, work life balance?

Reply With Quote
  #13 (permalink)  
Old 28-04-2020, 11:51 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thank you. Appreciate the insight. Are / were you in SCB?

Any other insights you can share? How's the culture in ops? At band 4/5, how's the workload, work life balance?
Dont go ops, scb or any other bank. It's unglamorous, manual work with no future (under threat from automation). Ops bosses are not looking for hungry, driven individuals, and you can understand why. Alot of the work is basically data entry and verification, so there's little chance to shine. Many aunties and uncles (more aunties, really) who have been there donkey years and are content to do the same work till they retire. So if you're looking for a challenging or dynamic work environment, not the place for you.

Reply With Quote
  #14 (permalink)  
Old 28-04-2020, 01:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Dont go ops, scb or any other bank. It's unglamorous, manual work with no future (under threat from automation). Ops bosses are not looking for hungry, driven individuals, and you can understand why. Alot of the work is basically data entry and verification, so there's little chance to shine. Many aunties and uncles (more aunties, really) who have been there donkey years and are content to do the same work till they retire. So if you're looking for a challenging or dynamic work environment, not the place for you.
I shouldn't have used the word Ops as it was probably too generic. I could think of a term that would describe the role without disclosing too much.

But perhaps think of it as business and process re engineering, change management and innovation. Definatly not anything manual or data entry.
Reply With Quote
  #15 (permalink)  
Old 07-08-2020, 11:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
People talking out of their ass again - SC doesnt even have AVP/VP/SVP positions. It's associated director/director/executive director. At associate director level 10k/mth for Middle office is the norm. Bonus really depends, but dont expect much in this climate.
Your clearly not at SCB then
They have AVP, VP
Reply With Quote
  #16 (permalink)  
Old 08-08-2020, 08:08 AM
Unregistered
Guest
 
Posts: n/a
Default

Ex SCB staff. SCB has Analyst, Associate, Associate Director, Director and Executive Director etc. Their Director is equivalent to VP of Credit Suisse, Citi, Baml.

UOB, HSBC and Citi VP stretches across a wider salary range. I.e An AVP in other banks can be drawing similar salary to a VP in these banks. But that does not mean all VPs in these banks are actually AVP salaries in other banks.

Goldman VP= ED.

Most middle office, back office roles like Compliance, Audit, Risk Management, COO starts off with SGD10k once you hit a VP. But that also does not mean someone drawing 12k or 13k cannot be AVP.

I am quite confident of these facts having been in banking industry for some time, through conversations with friends and having look at different bank salaries in Big 4 as an External Auditor.

Can you guys please stop with the misinformation.
Reply With Quote

  #17 (permalink)  
Old 08-08-2020, 08:25 AM
Unregistered
Guest
 
Posts: n/a
Default

The same guy as the previous poster. Actually I do see AVP and VP in SCB. But they are from Indians based in India.
Reply With Quote
  #18 (permalink)  
Old 08-08-2020, 02:05 PM
Unregistered
Guest
 
Posts: n/a
Default

May i know what is the salary range for Band 7 (Manager/Associate) in SCB?
Reply With Quote
  #19 (permalink)  
Old 09-08-2020, 01:25 AM
rankguru
Guest
 
Posts: n/a
Default

among the local banks, UOB has the most inflated rank structure.

their AVP (3rd lowest) is equivalent to Manager 6 (3rd lowest) in OCBC and Senior Associate (3rd lowest) or even Associate in DBS.

nowadays DBS rank structure getting less inflated.
I know of an experienced VP(1) in UOB getting only AVP in DBS when he cross over.
and an experienced AVP in UOB getting only Senior Associate in DBS.

among the three most popular foreign banks (Citi, SCB and HSBC), HSBC rank structure is the most inflated. AVP is easy to get and is not even a team lead position most of the time.

Citi rank structure is very similar to DBS.
Reply With Quote
  #20 (permalink)  
Old 09-08-2020, 10:05 AM
Unregistered
Guest
 
Posts: n/a
Default

In other words, is difficult to determine how much one is making just base on the title and rank.

AVP in BnP can be 7k and can also be 12k
VP in HSBC can be 8k and can also be 13k
Associate Director in SCB can be 7k and can be 12k

Salary range for each pay grade will overlap with each other.
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
Standard Chartered International Graduate Program 2015 samtanjw Income and Jobs 63 01-02-2021 02:47 PM
Standard Chartered Bank Back Office brandon Income and Jobs 51 26-01-2021 08:09 PM
HSBC Band Progression nation Income and Jobs 1 02-05-2018 02:16 PM
Chartered Alternative Investment Analyst ook Education and Personal Growth 7 04-08-2015 07:27 PM
standard chartered finance management trainee program alwaysnforever Income and Jobs 3 07-02-2013 03:44 PM

» 30 Recent Threads
Roles in accenture singapore ( 1 2 3... Last Page)
2,011 Replies, 521,382 Views
Career as Teacher ( 1 2 3... Last Page)
4,004 Replies, 2,499,799 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,847 Replies, 608,214 Views
Lawyer Salary ( 1 2 3... Last Page)
13,696 Replies, 4,607,147 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,061 Replies, 2,522,845 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,688 Replies, 4,353,170 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,913 Replies, 1,748,364 Views
Compare civil service salary ( 1 2 3... Last Page)
12,577 Replies, 7,342,920 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
79 Replies, 22,428 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
83 Replies, 133,932 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,646 Replies, 1,278,257 Views
UOB Management Associate Program ( 1 2 3... Last Page)
438 Replies, 274,649 Views
Banking - Back Office ( 1 2 3... Last Page)
239 Replies, 159,335 Views
Citibank Singapore ( 1 2 3... Last Page)
135 Replies, 100,012 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
632 Replies, 139,753 Views
Jumping from Stat Board into...
1 Replies, 167 Views
IMDA (under MCI) ( 1 2 3... Last Page)
114 Replies, 57,419 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,750 Replies, 1,410,568 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
233 Replies, 108,576 Views
ST Electronics ( 1 2 3... Last Page)
2,332 Replies, 572,121 Views
business analyst
1 Replies, 2,782 Views
Perm to contract, increase > 2k... ( 1 2 3... Last Page)
31 Replies, 4,317 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,516 Replies, 731,462 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
625 Replies, 98,568 Views
DBS tech seed programme ( 1 2 3... Last Page)
867 Replies, 222,039 Views
HDB (under MND) ( 1 2 3... Last Page)
458 Replies, 369,949 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
735 Replies, 198,915 Views
Anyone work in AVA Animal Health... ( 1 2)
14 Replies, 8,925 Views
Asset Management Salary ( 1 2 3)
25 Replies, 3,498 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,022 Replies, 738,107 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:46 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2