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-   -   Band 4 and Band 5 in Standard Chartered (https://forums.salary.sg/income-jobs/12598-band-4-band-5-standard-chartered.html)

tomatowi 24-04-2020 10:27 PM

Band 4 and Band 5 in Standard Chartered
 
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.

Unregistered 26-04-2020 12:38 AM

Get over their hiring freeze first

Unregistered 26-04-2020 09:42 AM

Quote:

Originally Posted by tomatowi (Post 132709)
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.

Unregistered 26-04-2020 10:20 PM

Quote:

Originally Posted by Unregistered (Post 132766)
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.

Unregistered 26-04-2020 11:26 PM

Quote:

Originally Posted by Unregistered (Post 132820)
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

Unregistered 26-04-2020 11:49 PM

Quote:

Originally Posted by Unregistered (Post 132828)
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?

Unregistered 26-04-2020 11:52 PM

Quote:

Originally Posted by Unregistered (Post 132831)
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.

Unregistered 27-04-2020 02:40 AM

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.

Unregistered 27-04-2020 08:45 AM

Quote:

Originally Posted by Unregistered (Post 132836)
the other way round. AVP in SCB is equivalent to VP/SVP in DBS, for example. Band 4 200k should be the lower bound.

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

Unregistered 27-04-2020 11:11 AM

Quote:

Originally Posted by Unregistered (Post 132847)
Iíve also heard about this local bank titles being lower than foreign banks - but Iíve heard itís 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.


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