Associate in DBS - Page 2 - 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




Associate in DBS

Reply
 
Thread Tools
  #11 (permalink)  
Old 24-11-2011, 03:11 PM
Unregistered
Guest
 
Posts: n/a
Default Get real

Quote:
Originally Posted by Bean View Post
if included aws>>>mean 5 months..

and you stated that not excessive given...

mean in the past on average can get 6-8month bonus, those who perform well can get 8-12month???

Am I correct?
R u a degree holder? I dun think there is any AWS for degree holders in DBS..and lets get real, i dun think the average bonus is so much..dun expect anything more than 3 mths. Unless u are in sales role..then it's a different story.

Reply With Quote
  #12 (permalink)  
Old 25-11-2011, 10:51 AM
Unregistered
Guest
 
Posts: n/a
Default

I joined as an associate with 5 years of experience doing corporate credit at $4.4K. I had another friend join also as an associate doing risk management for bond valuations think he had ~$6k. Also associate rank.

Reply With Quote
  #13 (permalink)  
Old 25-11-2011, 10:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It's not that DBS is low, more like you are applying for too junior job. Associate is usually for ppl with 2-4 yrs exp, unless you are switching career mid way, i dun think 7 yrs of relevant exp should apply for associate.

I was from treasury side last time around 5yrs after graduation already manager, so I would think 7 years should be either manager or AVP. Bear in mind that titles in DBS like most banks is inflated one. Manager = Senior Executive, AVP = Assistant Manager VP = Manager etc.

er.. i dunno when you were in DBS but DBS doesn't have manager rank. They have a very flat rank structure which goes

Analyst -> Associate -> AVP -> VP -> SVP -> MD

Thats all they have for ranks.

I joined as an associate with 5 years of experience doing corporate credit at $4.4K. I had another friend join also as an associate doing risk management for bond valuations think he had ~$6k. Also associate too.

Unless you are clerical staff DBS does not pay AWS. So its strictly 12th months.



SG Bus Timing App
SG Bus Timing App - the best bus app - available on iPhone


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #14 (permalink)  
Old 26-11-2011, 03:34 AM
Unregistered
Guest
 
Posts: n/a
Default Serious

Quote:
Originally Posted by Unregistered View Post
I joined as an associate with 5 years of experience doing corporate credit at $4.4K. I had another friend join also as an associate doing risk management for bond valuations think he had ~$6k. Also associate rank.
That's really strange..with 5 yrs' exp and they didn't offer u AVP rank? Even for your friend who's making 6k still associate?? We are talking about DBS rite..btw, I'm also associate, making 3.5k/mth only. Guess I'm underpaid.
Reply With Quote
  #15 (permalink)  
Old 26-11-2011, 09:58 AM
Unregistered
Guest
 
Posts: n/a
Default

Amongst the 3 local banks, who pays the best? I was one rank below AVP in foreign bank,drew 8+ with 3 years exp. Maybe local banks should stop underpaying their staff else all the talent will go to the foreign banks

Quote:
Originally Posted by Unregistered View Post
That's really strange..with 5 yrs' exp and they didn't offer u AVP rank? Even for your friend who's making 6k still associate?? We are talking about DBS rite..btw, I'm also associate, making 3.5k/mth only. Guess I'm underpaid.
Reply With Quote
  #16 (permalink)  
Old 26-11-2011, 10:15 AM
Unregistered
Guest
 
Posts: n/a
Default

There are alot of people complaining of excessive paying of employees.
I think this is a good thing. Take revenues as fixed, one dollar saved at staff compensation ultimately means 1 dollar more at net profit level. Keeping things simple, this 1 dollar saved goes out to shareholders as dividends. So it appears this becomes debate of shareholders vs employees. I would say pay the employees. They are the ones who work on the front line. Shareholder who contribute capital but not time and effort
Should take a backseat. Think this improves income equality also.
Just my cents worth

Quote:
Originally Posted by Unregistered View Post
Amongst the 3 local banks, who pays the best? I was one rank below AVP in foreign bank,drew 8+ with 3 years exp. Maybe local banks should stop underpaying their staff else all the talent will go to the foreign banks
Reply With Quote

  #17 (permalink)  
Old 26-11-2011, 04:02 PM
Unregistered
Guest
 
Posts: n/a
Default Don't mislead..

Quote:
Originally Posted by Unregistered View Post
Amongst the 3 local banks, who pays the best? I was one rank below AVP in foreign bank,drew 8+ with 3 years exp. Maybe local banks should stop underpaying their staff else all the talent will go to the foreign banks
U are 1 rank below AVP and u draw 8+ with 3 yrs' exp?

I think that's the exception rather than the norm. Pls state if u r an investment banker, or in sales & trading front office. Or u are an RM and u included your bonuses..I'm sure 90% of the staff in your bank with your rank, do not draw your pay...we are talking about basic salary only.
Reply With Quote
  #18 (permalink)  
Old 27-11-2011, 08:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Corp bank front office. Exclude bonus but my base pay had some bonus comped in. This is a bank initiative to avoid appearance of excess bonus. So typical annual bonus becomes only 2 months from previous 6-8

Quote:
Originally Posted by Unregistered View Post
U are 1 rank below AVP and u draw 8+ with 3 yrs' exp?

I think that's the exception rather than the norm. Pls state if u r an investment banker, or in sales & trading front office. Or u are an RM and u included your bonuses..I'm sure 90% of the staff in your bank with your rank, do not draw your pay...we are talking about basic salary only.
Reply With Quote
  #19 (permalink)  
Old 27-11-2011, 10:51 PM
Unregistered
Guest
 
Posts: n/a
Default Don't mislead..

Quote:
Originally Posted by Unregistered View Post
Corp bank front office. Exclude bonus but my base pay had some bonus comped in. This is a bank initiative to avoid appearance of excess bonus. So typical annual bonus becomes only 2 months from previous 6-8
Fair enough..that's possible. Ya i know some foreign banks cut down on bonuses and increased staffs' basic pay.

U mentioned u have 3 years' exp? U mean in corp banking front office? What's your total no. of years of working exp?

If u only worked for 3 years, (i.e. u grad 3 yrs ago) and u are getting 8k+, that is really awesome..for someone not in investment banking/S&T.
Reply With Quote
  #20 (permalink)  
Old 28-11-2011, 11:21 AM
Unregistered
Guest
 
Posts: n/a
Default

3.5 years. First job straight after school. The figure seems high but it had some help from the bonus shift. Also, I was on an internal program for accelerate progression. My start pay was 4k+, coupled with the bonus shift adjustment, 8k is on the high side but I wouldnt say it was excessive against similar peers.

I know because when I changed job, there was a pay discussion and I still got 15-20%. If I was excessive versus my experience, I would think it difficult to achieve the same package.

Quote:
Originally Posted by Unregistered View Post
Fair enough..that's possible. Ya i know some foreign banks cut down on bonuses and increased staffs' basic pay.

U mentioned u have 3 years' exp? U mean in corp banking front office? What's your total no. of years of working exp?

If u only worked for 3 years, (i.e. u grad 3 yrs ago) and u are getting 8k+, that is really awesome..for someone not in investment banking/S&T.
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
salary for second year senior associate in Big 4 HaigNY Income and Jobs 30 16-10-2012 10:30 PM

» 30 Recent Threads
How much do you earn and save? ( 1 2 3... Last Page)
34 Replies, 2,043 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,732 Replies, 1,257,534 Views
Lawyer Salary ( 1 2 3... Last Page)
5,865 Replies, 2,405,549 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,190 Replies, 883,943 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,230 Replies, 1,865,458 Views
Compare civil service salary ( 1 2 3... Last Page)
9,817 Replies, 5,469,068 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,490 Replies, 751,692 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,326 Replies, 238,207 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
173 Replies, 107,696 Views
Career as Teacher ( 1 2 3... Last Page)
2,590 Replies, 1,558,454 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,030 Replies, 926,016 Views
Dsta ( 1 2 3... Last Page)
820 Replies, 536,081 Views
E-Reading apps for kids
2 Replies, 55 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
143 Replies, 66,807 Views
Want to Save More Money? Our Free...
4 Replies, 2,114 Views
Need career advice : quit 9 month... ( 1 2)
17 Replies, 3,080 Views
For local U grads, how well are...
9 Replies, 963 Views
Q: Management Associate at SGX ( 1 2 3... Last Page)
92 Replies, 12,762 Views
ITE lecturer ( 1 2 3... Last Page)
122 Replies, 114,617 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,841 Replies, 1,061,970 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
932 Replies, 742,563 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
257 Replies, 49,625 Views
Constituency Manager (People... ( 1 2 3... Last Page)
862 Replies, 439,855 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
181 Replies, 143,381 Views
anyone working at NCS ? ( 1 2 3... Last Page)
356 Replies, 276,116 Views
Applied Materials
0 Replies, 87 Views
Roles in accenture singapore ( 1 2 3... Last Page)
331 Replies, 241,758 Views
Marsh Graduate Development Program ( 1 2 3... Last Page)
59 Replies, 5,351 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
71 Replies, 110,727 Views
Diploma in Digital Marketing at...
3 Replies, 1,121 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:11 AM.


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