Band 4 and Band 5 in Standard Chartered

[tomatowi]

Hi guys,

I'm nearing the negotiation stage and would like to get a feel of the numbers I can expect for a Band 4 / Band 5 in SCB. It is a Group role and is Not Front office.

Appreciate any guidance.

Cheers.

Get over their hiring freeze first

Originally Posted by tomatowi

Hi guys,

I'm nearing the negotiation stage and would like to get a feel of the numbers I can expect for a Band 4 / Band 5 in SCB. It is a Group role and is Not Front office.

Appreciate any guidance.

Cheers.

In this climate, your hand is weak. Moreover, Stanchart is not doing well, even going so far as to scrap dividends (along with HSBC). Just take what you can get.

Originally Posted by Unregistered

In this climate, your hand is weak. Moreover, Stanchart is not doing well, even going so far as to scrap dividends (along with HSBC). Just take what you can get.

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.

Originally Posted by Unregistered

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.

temasek's ho ching went to scb CEO bill winter's office to knock some sense into him. so you think they are doing well?

local banks are 2 grades lower than foreign banks

Originally Posted by Unregistered

temasek's ho ching went to scb CEO bill winter's office to knock some sense into him. so you think they are doing well?

local banks are 2 grades lower than foreign banks

Will look and research on what you mentioned.

What did you mean by local banks being 2 grads lower than foreign bank? Does that mean SVP in Standard Chartered would be an AVP in DBS?

Also, would $200k+ for Band 4 be realistic?

Originally Posted by Unregistered

Will look and research on what you mentioned.

What did you mean by local banks being 2 grads lower than foreign bank? Does that mean SVP in Standard Chartered would be an AVP in DBS?

Also, would $200k+ for Band 4 be realistic?

the other way round. AVP in SCB is equivalent to VP/SVP in DBS, for example. Band 4 200k should be the lower bound.

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.

Originally Posted by Unregistered

the other way round. AVP in SCB is equivalent to VP/SVP in DBS, for example. Band 4 200k should be the lower bound.

I’ve also heard about this local bank titles being lower than foreign banks - but I’ve heard it’s 1 band lower... I.e. Foreign bank AVP/AD being the same in VP in the local banks. Can anyone verify this?

Originally Posted by Unregistered

I’ve also heard about this local bank titles being lower than foreign banks - but I’ve heard it’s 1 band lower... I.e. Foreign bank AVP/AD being the same in VP in the local banks. Can anyone verify this?

There are so many foreign banks that the difference depends on which you refer to. In any case, the local banks are almost always lower (i.e. inflated titles). This is one way they try to compete for talent with the big international banks, by giving "higher" ranks to boost ego. You know titles are inflated when there are more AVPs than Associates.