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

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Old 18-05-2023, 10:43 AM
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Question What are BAND 5 positions - M20/21/22/23 etc at Standard Chartered Bank?

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.

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Old 20-05-2023, 09:16 PM
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Originally Posted by robydjrsg View Post
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)
...

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Old 22-05-2023, 12:45 PM
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That's a good ball park , thank you for the details @Unregistered Guest.

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

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Old 22-05-2023, 09:44 PM
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Originally Posted by robydjrsg View Post
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
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Old 23-05-2023, 09:52 PM
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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
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Old 23-05-2023, 11:12 PM
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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.
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Old 24-05-2023, 06:21 AM
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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.


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Old 24-05-2023, 09:46 PM
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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...


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Old 03-06-2023, 08:57 PM
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Anyone able to advise latest (2022-2023) pay range for M6 (Assoc Director) level? Thankssss
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Old 24-06-2023, 08:27 AM
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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


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