Associate in DBS - Page 4 - 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
  #31 (permalink)  
Old 30-12-2011, 05:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by fxster View Post
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?
No leh, i had 1.5 years of operations experience, 1 year of pure credit and then 2 years of corporate banking RM experience.

Reply With Quote
  #32 (permalink)  
Old 30-12-2011, 06:00 PM
Junior Member
 
Join Date: Aug 2010
Posts: 3
fxster is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
No leh, i had 1.5 years of operations experience, 1 year of pure credit and then 2 years of corporate banking RM experience.
Oh in that case probably 4.4k sounds reasonable.

Reply With Quote
  #33 (permalink)  
Old 30-12-2011, 07:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
No leh, i had 1.5 years of operations experience, 1 year of pure credit and then 2 years of corporate banking RM experience.
But when u joined for $4.4k, did they give u an increment of 20% over your last drawn basic pay? My impression is normally this is how it works.

Reply With Quote
  #34 (permalink)  
Old 22-03-2012, 08:21 PM
Unregistered
Guest
 
Posts: n/a
Default

hey for DBS, usually how long does it take to get promoted from

analyst -> associate -> avp -> vp ??

assuming you join them as an analyst as a fresh grad
Reply With Quote
  #35 (permalink)  
Old 22-03-2012, 09:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
hey for DBS, usually how long does it take to get promoted from

analyst -> associate -> avp -> vp ??

assuming you join them as an analyst as a fresh grad
8yrs if you are in middle office and you are good
5yrs if you are in front office and you are good
Reply With Quote
  #36 (permalink)  
Old 22-03-2012, 10:56 PM
Unregistered
Guest
 
Posts: n/a
Default

ooh okay thanks!.. I heard from my friends that usually after a while (about 4 years) almost everyone will eventually become an AVP. But from AVP to VP might take very long..is it true?


Then how about those in back office like technology??
Reply With Quote

  #37 (permalink)  
Old 23-03-2012, 02:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
ooh okay thanks!.. I heard from my friends that usually after a while (about 4 years) almost everyone will eventually become an AVP. But from AVP to VP might take very long..is it true?


Then how about those in back office like technology??

If your friend is right and everyone takes 4 years to move from analyst -> associate -> avp that would mean almost a promotion a year. If you ask me, I'd say the good performers might be able to experience this sort of progression. Most people with average performance (forced ranking below the top 10 percentile) would take probably something like 6 years or so to hit AVP. Then again, AVPs in different banks, even amongst the local banks, may not be exactly equal. I believe AVPs in UOB are easier to reach. I've seen AVPs in UOB move on to other banks with a lower ranks, abeit higher pay of course.
Reply With Quote
  #38 (permalink)  
Old 24-03-2012, 11:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
ooh okay thanks!.. I heard from my friends that usually after a while (about 4 years) almost everyone will eventually become an AVP. But from AVP to VP might take very long..is it true?


Then how about those in back office like technology??
There is no such title as AVP back in 2004 in DBS. In fact title is only analyst, associate, VP, MD back then. Not even SVP.
Due to title inflation in the market, and to make the employees happy after many rounds of low bonus 2001-2004 and removal of fixed 15month salary base, DBS started dishing out these inflated titles without any meaningful wage adjustment.
However when market started to pick up in 2006 onwards, people left in doves to join foreign banks who were rapidly expanding, usually with 25% pay increment. A round or two musical chair rotation (at 20% every step) and high yearly increment in foreign banks (10% is quite normal) means most banking salaried workers' wage is up at least 100% from 2006.

Now in 2012, fortune starts to change, many european banks are retrenching, these people are back again, now with equipped with expertise gained in foreign setup, they are now holding titles like SVP. You will find a lot of these in back office technology.....
Reply With Quote
  #39 (permalink)  
Old 24-03-2012, 11:28 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
There is no such title as AVP back in 2004 in DBS. In fact title is only analyst, associate, VP, MD back then. Not even SVP.
Due to title inflation in the market, and to make the employees happy after many rounds of low bonus 2001-2004 and removal of fixed 15month salary base, DBS started dishing out these inflated titles without any meaningful wage adjustment.
However when market started to pick up in 2006 onwards, people left in doves to join foreign banks who were rapidly expanding, usually with 25% pay increment. A round or two musical chair rotation (at 20% every step) and high yearly increment in foreign banks (10% is quite normal) means most banking salaried workers' wage is up at least 100% from 2006.

Now in 2012, fortune starts to change, many european banks are retrenching, these people are back again, now with equipped with expertise gained in foreign setup, they are now holding titles like SVP. You will find a lot of these in back office technology.....
so moral of story, if you are stuck too long at one rank e.g. AVP, move on. You can rebrand yourself and come back as SVP
Reply With Quote
  #40 (permalink)  
Old 07-04-2012, 03:34 AM
Unregistered
Guest
 
Posts: n/a
Default Fellow colleague

Hi,

For those who have experience working in this bank, can kindly advise if

1) i get mid year increment in salary, will I still get another increment at year end? Common, rare or impossible?

2) Is it common for most folks to get mid year increments?

Thanks for any advice/inputs.


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
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
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,714 Replies, 1,016,582 Views
All about Home Affairs Senior... ( 1 2 3... Last Page)
162 Replies, 165,372 Views
Compare civil service salary ( 1 2 3... Last Page)
9,173 Replies, 5,294,989 Views
SPF (Direct-Entry Inspector) ( 1 2)
12 Replies, 2,051 Views
Lawyer Salary ( 1 2 3... Last Page)
5,013 Replies, 2,194,556 Views
Career as Teacher ( 1 2 3... Last Page)
2,438 Replies, 1,488,837 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
56 Replies, 14,381 Views
Please advise on my career path... ( 1 2)
15 Replies, 12,016 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,082 Replies, 845,907 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
52 Replies, 8,088 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,847 Replies, 870,701 Views
What are your Job benefits ( 1 2)
15 Replies, 7,154 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,582 Replies, 1,229,242 Views
Casino Regulatory Authority
1 Replies, 4,381 Views
Relocating to Singapore, is... ( 1 2 3)
28 Replies, 29,356 Views
Summer Internships 2020 ( 1 2 3... Last Page)
39 Replies, 1,960 Views
Job offer from Apple ( 1 2 3... Last Page)
428 Replies, 72,564 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
879 Replies, 718,281 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
123 Replies, 95,765 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
104 Replies, 121,615 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,977 Replies, 1,802,982 Views
Chevron COBRA assesment, please... ( 1 2)
18 Replies, 48,970 Views
Marsh Graduate Development Program ( 1 2)
15 Replies, 1,380 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,867 Replies, 3,649,672 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
251 Replies, 76,134 Views
Constituency Manager (People... ( 1 2 3... Last Page)
854 Replies, 430,148 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
40 Replies, 4,599 Views
Job Application with MOE... ( 1 2 3... Last Page)
203 Replies, 197,509 Views
What course should I undertake?
8 Replies, 3,195 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:38 PM.


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