What are BAND 5 positions - M20/21/22/23 etc at Standard Chartered Bank?

[robydjrsg]

Hi All

In Standard Chartered Bank , Singapore , I find it very confusing about BAND 5 positions - M20/21/22/23 etc

What are those bands mean? Is there a definitive guide? ( Like Band 4 position is called Executive Director and they are Head of Certain Function ).

Same way, what are these grades mean?

Is it like?

M23 - SVP ?
M22 - VP ?
M21 - AVP ?
M20 - Executive ?

I don't know, just guessing ... Anyone aware of this classification @ SCB ?

Thanks in advance.

Originally Posted by robydjrsg

Hi All

In Standard Chartered Bank , Singapore , I find it very confusing about BAND 5 positions - M20/21/22/23 etc

What are those bands mean? Is there a definitive guide? ( Like Band 4 position is called Executive Director and they are Head of Certain Function ).

Same way, what are these grades mean?

Is it like?

M23 - SVP ?
M22 - VP ?
M21 - AVP ?
M20 - Executive ?

I don't know, just guessing ... Anyone aware of this classification @ SCB ?

Thanks in advance.

Hello, I'm in banking as well, albeit not for a very long time, just around ~4 years.

Band "X" / M "Y" is SCB's internal classification of their ranking/positions.

I'm not an expert, and haven't been employed in SCB, but based on what I understand from peers:

Band 8 / M16-17 - Analyst (entry level, fresh grads, etc)
Band 7 / M18-19 - Managers / Associate
Band 6 / M20-21 - Associate Director
Band 5 / M22-23 - Director (or VP equivalent in other European/American banks)
Band 4 - Executive Director (or Director equivalent in other European/American banks)
...

[robydjrsg]

That's a good ball park , thank you for the details @Unregistered Guest.

Not sure if anyone from SCB has anything additionally to share ..

Originally Posted by robydjrsg

That's a good ball park , thank you for the details @Unregistered Guest.

Not sure if anyone from SCB has anything additionally to share ..

scb ranks are inflated compared to other banks lol

Originally Posted by Unregistered

scb ranks are inflated compared to other banks lol

could you kindly clarify please? inflated in what sense? I think they follow that of other banks like UBS and BOS

Originally Posted by Unregistered

could you kindly clarify please? inflated in what sense? I think they follow that of other banks like UBS and BOS

Local banks, HSBC and SCB are notorious for having inflated titles. VP in such banks are typically only an associate level in US/European banks.

Originally Posted by Unregistered

Local banks, HSBC and SCB are notorious for having inflated titles. VP in such banks are typically only an associate level in US/European banks.

Agree on local banks and HSBC! SCB though don’t have a “VP” title per say but they have “Director” which is equivalent to a VP in US banks. Similar to UBS.

Originally Posted by Unregistered

Agree on local banks and HSBC! SCB though don’t have a “VP” title per say but they have “Director” which is equivalent to a VP in US banks. Similar to UBS.

SCB has way too many Directors compared to other US banks...

Anyone able to advise latest (2022-2023) pay range for M6 (Assoc Director) level? Thankssss

Band 6 M20 - 8k-11k
Band 6 M21 - 10k-14k
Band 5 M22 - 13k-18k
Band 5 M23 - 17k-25k
Band 4 should be 25k onwards