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I have since moved to a foreign bank with an even lower rank lol..but they pay 20% more. But pay is always > rank. |
6k in 5 yrs ? MA program in foreign banks is a joke then lol..my starting pay is already 5k+
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There is a difference between MA program and Associate rank.
Your starting pay 5k is nothing to brag about. Top grads earn close to 10k starting pay. They probably think your start pay is a joke as well LOL Quote:
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Lol thread derailed by chest puffing trumpet blowers who earn more than ordinary folks.
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Officer > Senior Officer > Assistant Manager > AVP > VP > SVP > EVP Lol.. not even assistant manager rank with ~7 years of experience. But about 5.5K per month. |
To a certain extent, It doesn't matter what they call you but how much they pay you.
I used to be quite good friends with HR compensation colleague. There is a rank bandwith and depends on the bank policy, it either needs certain type of approval or strictly no exceeding. I had a colleague who had worked 30 years for a foreign bank. As he did not have a degree, his rank was stucked at AVP. He told me that because of his rank cap, he have not been able to get any annual increment for several years. As I was told, the rank below AVP has a cap of up to 10k per month. This is a ceiling and it does not necessarily mean that most people at that rank (i.e. 1 below avp) earn 10k pm. It makes sense for a large bank with so many employees. Some sort of pay structure/scheme must be in place or else there is no consistency throughout. Quote:
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Aiyo, you just graduate & start to work isit? Everyone with work exp know that there is such a thing as salary band.
The question is what exactly is the band in terms of min & max for each rank? You write long essay but never answer the most important question... Quote:
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I had 3-4 credit experience only, but 9yrs of working experiences including audit firms and corporate finance. Currently not in Credit Analyst but trying to get in (not particularly DBS, but any bank). Do u think it's reasonable for me to ask for >$7k? |
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