Salary Increment Rate - Page 16 - 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




Salary Increment Rate

Reply
 
Thread Tools
  #151 (permalink)  
Old 28-04-2016, 09:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Small-Mid European bank here... 4 years since grad. Yearly increment 1-4% and bonus ~ 1 month. My group of friends in other banks not doing well too.

Emo
Local bank back office already can earn 8 to 9K with 5 years experience.

Reply With Quote
  #152 (permalink)  
Old 07-05-2016, 10:18 PM
Bambam
Guest
 
Posts: n/a
Default

First job first year increment 16% in a biotech company



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


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
  #153 (permalink)  
Old 07-05-2016, 11:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Bambam View Post
First job first year increment 16% in a biotech company
First job first year increment 27% in a bank

Reply With Quote
  #154 (permalink)  
Old 08-05-2016, 02:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Local bank back office already can earn 8 to 9K with 5 years experience.
How many months bonus? What is the annual package?
Reply With Quote
  #155 (permalink)  
Old 08-05-2016, 06:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How many months bonus? What is the annual package?
Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.
Reply With Quote
  #156 (permalink)  
Old 08-05-2016, 07:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.
I work at a foreign investment bank BO. monthly bonus is only 1-2 months maximum. Salary is not that great either. Only 4.5k. Work for one year since graduation
Reply With Quote

  #157 (permalink)  
Old 09-05-2016, 08:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Local banks BO bonus usually 5-6 months, foreign banks have a much higher monthly so bonus tend to be lower ~4 months.
The poster above mentioned $8-9k with 5 years experience. Is that with bonuses or not?
Reply With Quote
  #158 (permalink)  
Old 09-05-2016, 02:36 PM
Unregistered
Guest
 
Posts: n/a
Default

those of you guys with huge increment in banks....please do not mislead ppl...

there maybe true 2 - 3 years ago but certainly not true in 2014/2015 and certainly NOT this year 2016.

The entire banking industry is tightening their belts now....regardless of the size of the banks (If you haven't heard, Barcaps, DB, ABN-AMRO, ML, JP Morgan, Morgan Stanley, ICBC, Credit Suisse, BNP Paribas are all offloading their staff headcount) and many of these international banks are NOT going to give you big bonuses this year and next...regardless of your job performance (Unless you are a trader/broker that brought in a 10mil deal or a C level executive)......DB in particular is in quite a dire state if you are aware of the news.

if u want to got into banking and expecting a bigger bonuses and pay increment, DBS may be so far the 'safer' route...

stop shooting high % numbers and spreading this misinformation about banking pay increments.
Reply With Quote
  #159 (permalink)  
Old 09-05-2016, 03:12 PM
Unregistered
Guest
 
Posts: n/a
Default

To add on (i am the unregistered above), i worked in DB for 3 years, MSIG for 3 years and currently in ICBC for 2.5 years already....i know what i am talking about in terms of the banking industry and how well they paid.......

so sometimes, i see ppl posting blatant lies and misinformation and it pissed me off.

Just because you are hired in an international investment bank in the front/middle/back office/trading floor, doesnt mean you get at least 10K+ and 6 months bonus.....

DB used to have near 500 headcounts back when i was working there (2006-2009), do you really think everyone get 7-8K? Heck, majority of them don't even get 5K monthly.

And many of the 'Assistant Vice President' are just glorified titles.....6-7k max......bonuses in the banking industry is heavily dependent on global macroeconomics than your personal performance. You can be employee of the year but if the bank is not performing, your bonus will still be **** (unless you are C level execs in which your bonuses are fixed to a certain rate based on your contract).
Reply With Quote
  #160 (permalink)  
Old 09-05-2016, 04:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
To add on (i am the unregistered above), i worked in DB for 3 years, MSIG for 3 years and currently in ICBC for 2.5 years already....i know what i am talking about in terms of the banking industry and how well they paid.......

so sometimes, i see ppl posting blatant lies and misinformation and it pissed me off.

Just because you are hired in an international investment bank in the front/middle/back office/trading floor, doesnt mean you get at least 10K+ and 6 months bonus.....

DB used to have near 500 headcounts back when i was working there (2006-2009), do you really think everyone get 7-8K? Heck, majority of them don't even get 5K monthly.

And many of the 'Assistant Vice President' are just glorified titles.....6-7k max......bonuses in the banking industry is heavily dependent on global macroeconomics than your personal performance. You can be employee of the year but if the bank is not performing, your bonus will still be **** (unless you are C level execs in which your bonuses are fixed to a certain rate based on your contract).
Please don't go around mud slinging others when you yourself left the BB space long time ago since 2009. Since then your were in insurance and china bank industry which is very different from IIB.

From what I heard pay and bonus wise is still very strong for IB, but headcount is dropping and those who left are not replaced. The issue for most people is not enough jobs to go around rather than pay & bonus is no longer good.
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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Q: Big4 - Yearly salary increment ricardo Income and Jobs 2045 Today 12:27 AM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM
Salary Increment to be 5.2% Salary.sg Income and Jobs 0 25-09-2007 12:55 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
12,852 Replies, 4,250,341 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,492 Replies, 1,314,938 Views
Paralegal Secretary ( 1 2)
10 Replies, 3,237 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
980 Replies, 701,830 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
41 Replies, 22,706 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
710 Replies, 164,550 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
71 Replies, 62,616 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,045 Replies, 1,118,537 Views
Banking Grades/Levels
1 Replies, 136 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
536 Replies, 413,396 Views
Career as Teacher ( 1 2 3... Last Page)
3,791 Replies, 2,357,068 Views
ST Electronics ( 1 2 3... Last Page)
2,281 Replies, 514,281 Views
Records of ex-employees in...
1 Replies, 98 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
505 Replies, 230,403 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,818 Replies, 1,617,728 Views
Compare civil service salary ( 1 2 3... Last Page)
12,225 Replies, 7,077,233 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
30 Replies, 13,988 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
80 Replies, 22,287 Views
Really that bad for engineers? ( 1 2 3... Last Page)
1,227 Replies, 912,801 Views
Ranking of Primary Schools by...
0 Replies, 69 Views
Marsh Graduate Development Program ( 1 2 3... Last Page)
83 Replies, 31,783 Views
Need a reality check: CS-related ( 1 2 3)
25 Replies, 1,860 Views
How much do you earn and save? ( 1 2 3... Last Page)
283 Replies, 88,880 Views
GovTech ( 1 2 3... Last Page)
409 Replies, 287,822 Views
Credit Suisse ( 1 2 3... Last Page)
149 Replies, 89,115 Views
Career as Insurance Agent - HR are...
4 Replies, 1,931 Views
MOM(ACE) offers good career... ( 1 2 3)
20 Replies, 2,360 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,885 Replies, 2,398,624 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:49 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2