Local bank BO pay

[Footylex]

Got an offer from a local bank for 11,550 base for a VP position. Currently AVP in a big foreign bank, no serious push factor. Just wondering if any kind soul could shed some light what’s the increment and bonus structure are in local bank and if worth it to make the move

whats your yoe?

[Footylex]

10 years………

Originally Posted by Footylex

Got an offer from a local bank for 11,550 base for a VP position. Currently AVP in a big foreign bank, no serious push factor. Just wondering if any kind soul could shed some light what’s the increment and bonus structure are in local bank and if worth it to make the move

sounds like the blue bank? bonus is at least 3-4months depending on performance.

how much % pay bump is this from your current base?

Does the 11.5k include allowances?

Originally Posted by Unregistered

Does the 11.5k include allowances?

how much is allowances provided by local bank generally??

Hello, I'm a fresh grad who is going to blue bank soon, can anyone advice how's the average yearly bonus for newbies over there? Supposedly to be getting sign-on bonus but I heard it was scrapped this year. So, wonder should I still go ahead or not without it.

Originally Posted by Footylex

Got an offer from a local bank for 11,550 base for a VP position. Currently AVP in a big foreign bank, no serious push factor. Just wondering if any kind soul could shed some light what’s the increment and bonus structure are in local bank and if worth it to make the move

Is this much much better (like at least 30% more) than your current package? If yes, then take lo. But be prepared for the volume. Local bank has many x the volume of foreign banks.

Originally Posted by Unregistered

Hello, I'm a fresh grad who is going to blue bank soon, can anyone advice how's the average yearly bonus for newbies over there? Supposedly to be getting sign-on bonus but I heard it was scrapped this year. So, wonder should I still go ahead or not without it.

Where got such thing as sign on bonus for fresh grad in Singapore let alone local bank? You're a dime a dozen.

Originally Posted by Unregistered

sounds like the blue bank? bonus is at least 3-4months depending on performance.

how much % pay bump is this from your current base?

Blue bank with 5 sticks their title is inflated. VP = AVP. Coz they got VP then FVP then SVP then EVP then SEVP. Damn confusing