Sgx - 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




Sgx

Reply
 
Thread Tools
  #1 (permalink)  
Old 28-09-2011, 08:28 PM
Junior Member
 
Join Date: Sep 2011
Posts: 1
Cruzer is on a distinguished road
Default Sgx

Just want to check if anyone can share about SGX. What is the salary range of a AVP? Do they have 13 month bonus and generally how much is their bonus?

Reply With Quote
  #2 (permalink)  
Old 29-09-2011, 06:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Cruzer View Post
Just want to check if anyone can share about SGX. What is the salary range of a AVP? Do they have 13 month bonus and generally how much is their bonus?
I don't work there, but my guess is 200k.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


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
  #3 (permalink)  
Old 30-09-2011, 08:59 AM
Unregistered
Guest
 
Posts: n/a
Default

No way for average AVP to earn 200k. 100k onwards more like it is you are average performer. There is a huge disparity based on performance.

Reply With Quote
  #4 (permalink)  
Old 30-09-2011, 09:53 AM
Unregistered
Guest
 
Posts: n/a
Default

AVP definitely more than 100k, basic is around 12k and bonus in normal year about 8 months.
Reply With Quote
  #5 (permalink)  
Old 30-09-2011, 12:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Bonus of 8 months is a myth if it is based on this year. AVP 12k ? Yes if it is inclusive of Bonus. But new AVPs get abt 8-9 k in basic pay. My brother works there.
Reply With Quote
  #6 (permalink)  
Old 30-09-2011, 02:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Bonus of 8 months is a myth if it is based on this year. AVP 12k ? Yes if it is inclusive of Bonus. But new AVPs get abt 8-9 k in basic pay. My brother works there.
AVP range very wide, your brother make 8k is either new or not very good performer. Most AVP easily exceed 10k a month, SGX compete with international investment banks for talent. Offering 8k for AVP while the international banks pay the same amount for entry level Associates will make them laughing stock (excuse the pun) in the financial world.
Reply With Quote

  #7 (permalink)  
Old 30-09-2011, 03:32 PM
desktop
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
AVP range very wide, your brother make 8k is either new or not very good performer. Most AVP easily exceed 10k a month, SGX compete with international investment banks for talent. Offering 8k for AVP while the international banks pay the same amount for entry level Associates will make them laughing stock (excuse the pun) in the financial world.
8k might be minimum for AVP, but I don’t think range is so low. My ex-colleague went for an interview for VP position with SGX before even though he was drawing more than 15k that time already, so my best guess AVP shouldn’t be that far off.

How much you get also has more to do with your negotiation skills then whether you are new or not.
Reply With Quote
  #8 (permalink)  
Old 30-09-2011, 08:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
AVP range very wide, your brother make 8k is either new or not very good performer. Most AVP easily exceed 10k a month, SGX compete with international investment banks for talent. Offering 8k for AVP while the international banks pay the same amount for entry level Associates will make them laughing stock (excuse the pun) in the financial world.
You imply avp is more senior than associate, which is misleading.

In international investment banks (ie barcap), avp is an associate band position. ie

Analyst for all banks are entry level positions
Associate/Avp (barclays) is associate (Deutsche) is associate director (ubs)
VP (b) is associate director (d) is director (u)
Director (b) is director (d) is executive director (u)
MD for all 3 banks is the same
Reply With Quote
  #9 (permalink)  
Old 01-10-2011, 12:22 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
AVP range very wide, your brother make 8k is either new or not very good performer. Most AVP easily exceed 10k a month, SGX compete with international investment banks for talent. Offering 8k for AVP while the international banks pay the same amount for entry level Associates will make them laughing stock (excuse the pun) in the financial world.
The sad truth is that SGX like any other local financial institutions e.g. DBS, UOB, OCBC, cannot compete with foreign Tier-1 banks for the top talents due to low pay structure. I work in SGX, skills-set learned in exchange is pretty niche, and not really transferrable to banking setting. Typically AVP pay is less than 10k/month, about 20-30% less than your IB peers
Neverthless, it is a good job to retire into, with good work-life balance, unheard retrenchment and pretty consistent bonus of 3-4months in good and bad years
Reply With Quote
  #10 (permalink)  
Old 01-10-2011, 04:44 AM
Unregistered
Guest
 
Posts: n/a
Default

I saw on glassdoor.com that 3 AVPs shared their salary at SGX. It seems to be between SGD6000 to SGD7000.
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


» 30 Recent Threads
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,330 Replies, 1,142,533 Views
Career as Teacher ( 1 2 3... Last Page)
10,852 Replies, 6,671,423 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,321 Replies, 4,985,049 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,806 Replies, 1,045,463 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
310 Replies, 369,406 Views
Why Is Having a Google Virtual...
1 Replies, 6,777 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,399,905 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,491 Views
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,164,886 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,812 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,522 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,772,726 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,595 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,842 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,458,270 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,331,433 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,471 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,826 Views
Is getting a PMP worth it ?
4 Replies, 7,174 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,729 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,587 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,436 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,650 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,037 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,835 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,325,082 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,828 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,797 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,928 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,739,141 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:13 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2