Associate in DBS - Page 3 - 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
  #21 (permalink)  
Old 30-11-2011, 11:33 AM
Unregistered
Guest
 
Posts: n/a
Default

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.
yup DBS..and my friend joined them from a big 4 accounting firm as an associate with 6+K a month. But given our exp probably would be due for promotion in a year or 2?

I have since moved to a foreign bank with an even lower rank lol..but they pay 20% more. But pay is always > rank.

Reply With Quote
  #22 (permalink)  
Old 30-11-2011, 05:46 PM
Unregistered
Guest
 
Posts: n/a
Default

6k in 5 yrs ? MA program in foreign banks is a joke then lol..my starting pay is already 5k+

Reply With Quote
  #23 (permalink)  
Old 30-11-2011, 06:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
6k in 5 yrs ? MA program in foreign banks is a joke then lol..my starting pay is already 5k+
Big deal. You still have to show up in office and brown nose up your bosses. I sit at home and collect more than your slavery income.

Reply With Quote
  #24 (permalink)  
Old 01-12-2011, 11:09 AM
Unregistered
Guest
 
Posts: n/a
Default

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:
Originally Posted by Unregistered View Post
6k in 5 yrs ? MA program in foreign banks is a joke then lol..my starting pay is already 5k+
Reply With Quote
  #25 (permalink)  
Old 01-12-2011, 11:47 AM
Unregistered
Guest
 
Posts: n/a
Default

Lol thread derailed by chest puffing trumpet blowers who earn more than ordinary folks.
Reply With Quote
  #26 (permalink)  
Old 01-12-2011, 02:44 PM
Associate
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
yup DBS..and my friend joined them from a big 4 accounting firm as an associate with 6+K a month. But given our exp probably would be due for promotion in a year or 2?

I have since moved to a foreign bank with an even lower rank lol..but they pay 20% more. But pay is always > rank.
So your rank is analyst now in the foreign bank? I guess to sum it up, there is a quite a huge range in the pay within a particular rank. Another thread someone was saying that he got close to 9k as a AVP in a local bank. If your friend as an associate can get 6k+ I guess it's true then..
Reply With Quote

  #27 (permalink)  
Old 01-12-2011, 02:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Associate View Post
So your rank is analyst now in the foreign bank? I guess to sum it up, there is a quite a huge range in the pay within a particular rank. Another thread someone was saying that he got close to 9k as a AVP in a local bank. If your friend as an associate can get 6k+ I guess it's true then..
A senior officer in my new place. Rank structure as follows:

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.
Reply With Quote
  #28 (permalink)  
Old 01-12-2011, 02:59 PM
Unregistered
Guest
 
Posts: n/a
Default

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:
Originally Posted by Unregistered View Post
A senior officer in my new place. Rank structure as follows:

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.
Reply With Quote
  #29 (permalink)  
Old 01-12-2011, 05:59 PM
Unregistered
Guest
 
Posts: n/a
Default

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:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #30 (permalink)  
Old 30-12-2011, 02:33 PM
Junior Member
 
Join Date: Aug 2010
Posts: 3
fxster is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
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.
Did u have 5 years of pure credit experience without other experiences? $4.4k sounds abit low, too low in fact.

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?
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
Lawyer Salary ( 1 2 3... Last Page)
4,999 Replies, 2,188,316 Views
Job offer from Apple ( 1 2 3... Last Page)
414 Replies, 71,131 Views
Compare civil service salary ( 1 2 3... Last Page)
9,141 Replies, 5,285,242 Views
Career as Teacher ( 1 2 3... Last Page)
2,426 Replies, 1,481,501 Views
Summer Internships 2020 ( 1 2 3)
20 Replies, 770 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
46 Replies, 5,409 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
122 Replies, 95,138 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,699 Replies, 1,013,943 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,578 Replies, 1,224,454 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,978 Replies, 1,800,846 Views
Chevron COBRA assesment, please... ( 1 2)
18 Replies, 48,850 Views
Marsh Graduate Development Program ( 1 2)
15 Replies, 1,268 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,868 Replies, 3,647,181 Views
SPF (Direct-Entry Inspector) ( 1 2)
11 Replies, 1,843 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
251 Replies, 75,423 Views
Constituency Manager (People... ( 1 2 3... Last Page)
854 Replies, 429,622 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
40 Replies, 4,053 Views
Job Application with MOE... ( 1 2 3... Last Page)
203 Replies, 197,226 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
878 Replies, 716,811 Views
What are your Job benefits ( 1 2)
14 Replies, 6,924 Views
What course should I undertake?
8 Replies, 3,104 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
103 Replies, 121,144 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
54 Replies, 12,763 Views
Our Poll Results: 45% Fresh... ( 1 2 3)
29 Replies, 15,876 Views
What is the usual salary for...
4 Replies, 1,934 Views
Q: Management Associate at SGX ( 1 2)
16 Replies, 6,226 Views
Insurance Management Associate... ( 1 2 3... Last Page)
30 Replies, 12,251 Views
Career at Keppel
3 Replies, 354 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
663 Replies, 325,870 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:04 PM.


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