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04-10-2011, 08:49 AM
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Quote:
Originally Posted by Unregistered
I'm not the poster from UOB. But im pretty sure the base salary for AVP in local banks is lower than 7k. Unless u include bonuses/commissions earned at front office.
7-9k is more like a VP's pay at a local bank. Anyone can confirm? |
I can confirm base pay for avp at a local bank is in that range. Vp pay is $10 to $14k.
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04-10-2011, 09:35 AM
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Quote:
Originally Posted by Unregistered
I can confirm base pay for avp at a local bank is in that range. Vp pay is $10 to $14k.
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Above is for front office btw, not sure if back or mid office is different.
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04-10-2011, 10:00 AM
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Quote:
Originally Posted by Unregistered
I'm not the poster from UOB. But im pretty sure the base salary for AVP in local banks is lower than 7k. Unless u include bonuses/commissions earned at front office.
7-9k is more like a VP's pay at a local bank. Anyone can confirm? |
No way, I was AVP for DBS under liabilities management & reporting more than 3 years ago and was already drawing close to 9k then. I’m sure it’s close to 10k by now already.
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04-10-2011, 10:15 AM
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Quote:
Originally Posted by Unregistered
No way, I was AVP for DBS under liabilities management & reporting more than 3 years ago and was already drawing close to 9k then. I’m sure it’s close to 10k by now already.
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How long did u take to get to avp position ? Trying to see if its 3 yrs like one poster said or 8 yrs as another had mentioned...
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04-10-2011, 10:44 AM
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Quote:
Originally Posted by Unregistered
How long did u take to get to avp position ? Trying to see if its 3 yrs like one poster said or 8 yrs as another had mentioned...
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I started out nothing to do with banking as an sales engineer in a telecom MNC for over 2 years before joining StandChart for about 4 years.
In short I had 2 years of non-related experience and 4 years of related experience before joining DBS as AVP. I personally never know anyone that take 8 to 10 years to reach AVP, it is quite a junior role. A HR colleague I was close to in DBS was already a VP in her early 30s but I don’t know if she is fast track or the average.
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04-10-2011, 04:42 PM
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Quote:
Originally Posted by Unregistered
I started out nothing to do with banking as an sales engineer in a telecom MNC for over 2 years before joining StandChart for about 4 years.
In short I had 2 years of non-related experience and 4 years of related experience before joining DBS as AVP. I personally never know anyone that take 8 to 10 years to reach AVP, it is quite a junior role. A HR colleague I was close to in DBS was already a VP in her early 30s but I don’t know if she is fast track or the average.
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i have a couple of friends in ops, and they are still manager (above associate, am but below avp) after 8 years. Looks like they better look for a way out!
But pay not bad compared to the engineers in our jc cohort... About $6k+.
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04-10-2011, 06:04 PM
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Quote:
Originally Posted by Unregistered
i have a couple of friends in ops, and they are still manager (above associate, am but below avp) after 8 years. Looks like they better look for a way out!
But pay not bad compared to the engineers in our jc cohort... About $6k+.
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Tell your kids never do engineering. I recommend that Singapore should just close down all the engineering faculties, and ravamp the maths subject from P1 to JC2 to "financial maths".
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04-10-2011, 09:42 PM
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Senior Member
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Join Date: Jul 2011
Posts: 77
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Quote:
Originally Posted by Unregistered
i have a couple of friends in ops, and they are still manager (above associate, am but below avp) after 8 years. Looks like they better look for a way out!
But pay not bad compared to the engineers in our jc cohort... About $6k+.
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my fren no honors, 3 yrs exp, still analyst, back office at GIC... earning $6k a mth, annual package is above $100k...
it is possible but must work the right companies and the right positions...
some just persue banking and finance blindly, go be stock broker end up its just selling and drawing $2k+ pay before commission... or they join some trading firm that wants them to pay these ppl to pay for the course as 'training'
To All:
dun be greedy... life is not abt work and pay... thats why u see ppl in banking quit and teach some poly job with much lower pay... I think I am doing quite ok for my age but is abit quite tired of the corporate lifestyle and the various back stabbing and politics... Eye bags getting worse, hair getting lesser, can't slp well at night... looking forward to some time in the future when I can truly escape it all...
Last edited by Liverpool; 04-10-2011 at 09:46 PM.
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04-10-2011, 10:58 PM
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Quote:
Originally Posted by Liverpool
my fren no honors, 3 yrs exp, still analyst, back office at GIC... earning $6k a mth, annual package is above $100k..... |
Now we even hear "friends" who can make more than $100k with just 3 years experience in a back office job. 
Seriously the stories just get more and more fantastic. Keep them coming! :lol:
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