DBS Bank Employee Benefits - Technology Jobs

[benny2021]

Hi I cleared all rounds of DBS for a Technology Position.
What Salary and Designation could I expect,? Senior Associate? AVP?

I have 6.5 years exp from around the world and Singapore. and Masters from local uni.

Also what are some DBS employee benefits that I could know about? Like what is the transport allowance everyone mentions about? Free Cabs?

Free DBS treasures hongbaos.

With 6.5years of exp and a masters I would think you should at least come in as AVP if not VP given how inflated bank titles are.

At best senior associate

Originally Posted by Archieluxury

Free DBS treasures hongbaos.

With 6.5years of exp and a masters I would think you should at least come in as AVP if not VP given how inflated bank titles are.

yes I agree. Local bank titles are inflated. Half the bank is AVP rank. 6.5 years of experience plus masters from a local uni should get you VP. Local bank tech is old tech so don't expect to do cutting edge work at the frontiers of the tech industry. A lot of regulations and compliance to follow, you will be frustrated. To make up for this, you should demand for higher pay, ballpark 15k. This may seem high but please factor in the expectation that your pay will stagnate for the next few years at least due to covid whereas if you're in a proper tech firm, covid is actually a good thing for your salary and bonus. All local banks have made generous allowances for bad debt and extended repayment period for loans. Also in the current super low interest rate environment, net interest margin (NIM) has fallen significantly for all banks, eating into their profits. In let's say a cloud computing or software firm, with covid accelerating digitisation and wfh, adoption of these tech products have increased significantly so you can expect your pay to rise in tandem with company profits. In short, if you want to join a local bank, make sure you get a bloody high starting salary to compensate for the above shortcomings.

Originally Posted by Unregistered

At best senior associate

AVP in local bank = Senior Associate in a normal company (where AVPs make up less than half the workforce)

Originally Posted by Unregistered

yes I agree. Local bank titles are inflated. Half the bank is AVP rank. 6.5 years of experience plus masters from a local uni should get you VP. Local bank tech is old tech so don't expect to do cutting edge work at the frontiers of the tech industry. A lot of regulations and compliance to follow, you will be frustrated. To make up for this, you should demand for higher pay, ballpark 15k. This may seem high but please factor in the expectation that your pay will stagnate for the next few years at least due to covid whereas if you're in a proper tech firm, covid is actually a good thing for your salary and bonus. All local banks have made generous allowances for bad debt and extended repayment period for loans. Also in the current super low interest rate environment, net interest margin (NIM) has fallen significantly for all banks, eating into their profits. In let's say a cloud computing or software firm, with covid accelerating digitisation and wfh, adoption of these tech products have increased significantly so you can expect your pay to rise in tandem with company profits. In short, if you want to join a local bank, make sure you get a bloody high starting salary to compensate for the above shortcomings.

I doubt they will offer 15k for this chap's profile though. Perhaps 10k is more reasonable.

Originally Posted by buaysaigan

I doubt they will offer 15k for this chap's profile though. Perhaps 10k is more reasonable.

He did not give specific details about his experience and what field his Masters is in so can't say for sure. But if he has experience in deep tech fields, such as programming, DevOps, fullstack, software engineering, 10k is way too low. In any case, local bank is a terrible place to develop a career in tech...