Band 4 and Band 5 in Standard Chartered - 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

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 24-04-2020, 10:27 PM
Junior Member
 
Join Date: Apr 2020
Posts: 1
tomatowi is on a distinguished road
Default 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.

Reply With Quote
  #2 (permalink)  
Old 26-04-2020, 12:38 AM
Unregistered
Guest
 
Posts: n/a
Default

Get over their hiring freeze first

Reply With Quote
  #3 (permalink)  
Old 26-04-2020, 09:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by tomatowi View Post
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.

Reply With Quote
  #4 (permalink)  
Old 26-04-2020, 10:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #5 (permalink)  
Old 26-04-2020, 11:26 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.
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
Reply With Quote
  #6 (permalink)  
Old 26-04-2020, 11:49 PM
Unregistered
Guest
 
Posts: n/a
Default

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

  #7 (permalink)  
Old 26-04-2020, 11:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #8 (permalink)  
Old 27-04-2020, 02:40 AM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #9 (permalink)  
Old 27-04-2020, 08:45 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.
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?
Reply With Quote
  #10 (permalink)  
Old 27-04-2020, 11:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
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 Bank Back Office brandon Income and Jobs 49 28-04-2020 05:10 PM
Standard Chartered International Graduate Program 2015 samtanjw Income and Jobs 53 27-02-2020 12:09 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
Lawyer Salary ( 1 2 3... Last Page)
8,986 Replies, 2,923,594 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,997 Replies, 3,806,978 Views
Advisable to volunteer to be...
2 Replies, 870 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
213 Replies, 100,130 Views
Compare civil service salary ( 1 2 3... Last Page)
10,578 Replies, 5,809,084 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
729 Replies, 362,910 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,381 Replies, 952,914 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,011 Replies, 794,062 Views
Career as Teacher ( 1 2 3... Last Page)
2,828 Replies, 1,705,247 Views
Big Four Promotion/Bonus/Incr... ( 1 2 3)
28 Replies, 5,523 Views
Passive income ideas? ( 1 2 3)
23 Replies, 16,580 Views
Anyone applied to MTI before as... ( 1 2 3)
23 Replies, 1,746 Views
Roles in accenture singapore ( 1 2 3... Last Page)
402 Replies, 262,522 Views
Dsta ( 1 2 3... Last Page)
825 Replies, 560,311 Views
What is typical RSU and sign on?
4 Replies, 342 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,524 Replies, 1,073,972 Views
Ntu sociology degree ( 1 2 3... Last Page)
59 Replies, 48,333 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
87 Replies, 7,642 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
219 Replies, 129,955 Views
How to properly manage the income?
4 Replies, 304 Views
ST Electronics ( 1 2 3... Last Page)
782 Replies, 236,833 Views
How much does a nurse earn ? ( 1 2)
11 Replies, 20,664 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
122 Replies, 29,261 Views
MFA- Foreign Service... ( 1 2)
19 Replies, 2,677 Views
DBS Strategic Advisory
0 Replies, 122 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
641 Replies, 467,367 Views
How to know you are not fit for...
6 Replies, 796 Views
Software developers salary outlier ( 1 2)
11 Replies, 2,076 Views
anyone working at NCS ? ( 1 2 3... Last Page)
415 Replies, 306,660 Views
How to avoid giving pass salary...
8 Replies, 715 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:24 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2