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-   -   Associate in DBS (https://forums.salary.sg/income-jobs/1344-associate-dbs.html)

Unregistered 21-05-2013 01:27 PM

Quote:

Originally Posted by Unregistered (Post 37324)
Some banks have very inflated titles. Case-in-point: HSBC, sooo easy to get AVP or VP ranked there and still earning peanuts. All my friends in HSBC all at least VP lol.

why is dbs paying so high, if others are paying lower ?

Unregistered 21-05-2013 01:49 PM

Quote:

Originally Posted by Unregistered (Post 37334)
why is dbs paying so high, if others are paying lower ?

Because it's an internal ranking system. Different banks use different payscales / ranges for different banks. Assistant manager rank in some banks earn 5 - 7k etc etc. All depends on the bank and their internal ranks.

Kenn 23-05-2013 02:06 PM

In a macro view, it is known that different banks have various hierarchical structure in compensation packages.

In a micro view, different banks have various internal ranking system to provide remuneration packages.

Overall, it all boils down to your altitude and performance grade (not including underhand or unscrupulous tactics) to command higher wages. Apparently, it is usually the opposite that commands higher wages (backstabbing, licking boots etc.)

Friend's Experience in Foreign - Difficult entry but Expects 10% more than Local.

My 2 cents worth, thank-you.

Unregistered 23-05-2013 05:24 PM

Quote:

Originally Posted by Kenn (Post 37424)
In a macro view, it is known that different banks have various hierarchical structure in compensation packages.

In a micro view, different banks have various internal ranking system to provide remuneration packages.

Overall, it all boils down to your altitude and performance grade (not including underhand or unscrupulous tactics) to command higher wages. Apparently, it is usually the opposite that commands higher wages (backstabbing, licking boots etc.)

Friend's Experience in Foreign - Difficult entry but Expects 10% more than Local.

My 2 cents worth, thank-you.

No idea what you saying.

Unregistered 27-05-2013 08:53 PM

Senior associate
 
Hi guys,

Recently got offered a middle office role at DBS in at a senior associate level, 2.5yrs exp.

For those working in the bank, does $5k sound like a reasonable offer?

Thanks!

Unregistered 27-05-2013 09:51 PM

Quote:

Originally Posted by Unregistered (Post 37633)
Hi guys,

Recently got offered a middle office role at DBS in at a senior associate level, 2.5yrs exp.

For those working in the bank, does $5k sound like a reasonable offer?

Thanks!

Yes. Take it. After 1 year or so, hop.

Unregistered 27-05-2013 10:52 PM

Quote:

Originally Posted by Unregistered (Post 37633)
Hi guys,

Recently got offered a middle office role at DBS in at a senior associate level, 2.5yrs exp.

For those working in the bank, does $5k sound like a reasonable offer?

Thanks!

Hi, care to share what were your 2.5 years of experience that managed to get you this senior associate position? I presumed that you've a master's degree, as 2.5 years of banking experience could not get you a senior associate position. At most, associate in DBS Bank.

Nevertheless, $5K plus is absolutely good for relatively limited experience. Hope this answers your question clearly. :)

Unregistered 27-05-2013 11:59 PM

Quote:

Originally Posted by Unregistered (Post 37642)
Hi, care to share what were your 2.5 years of experience that managed to get you this senior associate position? I presumed that you've a master's degree, as 2.5 years of banking experience could not get you a senior associate position. At most, associate in DBS Bank.

Nevertheless, $5K plus is absolutely good for relatively limited experience. Hope this answers your question clearly. :)

Hi,

Thanks for the advice. Don't have a masters degree though, but I do have a good honours. My experience is in risk mgmt, where I've had exposure to both the qualitative and quant sides of risk. Some aspects of my job also required me to liaise directly with senior mgmt.

I guess that partly based on the scope of my exp., the hiring dept wanted to push for a more senior position instead of associate.

Unregistered 28-05-2013 07:09 PM

undergrad in risk mgmt position
 
hi,

do you think its suitable for a undergrad to take up a risk management position? or rather do corporation employ undergrad or fresh grad for this position? btw im from uol banking&finance. currently waiting for results

Unregistered 28-05-2013 09:13 PM

Clarification
 
Quote:

Originally Posted by Unregistered (Post 37649)
Hi,

Thanks for the advice. Don't have a masters degree though, but I do have a good honours. My experience is in risk mgmt, where I've had exposure to both the qualitative and quant sides of risk. Some aspects of my job also required me to liaise directly with senior mgmt.

I guess that partly based on the scope of my exp., the hiring dept wanted to push for a more senior position instead of associate.

Hi, just to clarify, you mean your total work experience since grad is 2.5yrs? Then 5k is a very good pay.


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