STOP THE MISINFORMATION: SG Salary Guides For Accounting, Banking, Finance & IT

oh ya forgot to mention local bank never sack people one. who got sacked from ocbc pls reply

Originally Posted by Unregistered

oh ya forgot to mention local bank never sack people one. who got sacked from ocbc pls reply

Not exactly true. I've seen cases of people being asked to leave due to poor performance. In any case, if your performance is not up to standard, they'll make sure you know come pay increment and bonus time.

Originally Posted by OCBC AVP

If I'm optimistic, I'd say $15k per month with an annual of close to $200k is the absolutely highest I can reach... and that will probably will when I'm in my 40s. Lotsa people here are already hitting that figure in their early 20s if you choose to believe them. so, again, I'm probably one of the slowest in terms of progression. Personally, my target is to try and hit $10k pm by the time I close in on 40yo.

bro, many ppl in the forum dun know big cannon or not and they are definely not representative of the whole sg population. ur pay is pretty standard in banking. not everyone can work for Goldman Sachs.

Originally Posted by Unregistered

avp pay varies a lot la, from 5.5k to 15k just dont stay in local bank

This is nonsense. No way a avp makes $15.5k.

Don't confuse with associate director. AD is a VP equivalent role. And VPs will typically draw $15.5k area (+/- $4k).

They can (AVP band is one of the widest) and it is dependent on two major factors:
1. Years of experience
2. Job function

A young AVP can also adjust his/her pay quicker by either changing job function (within same bank) or joining a competitor.

I reached AVP in 4 years in corp banking (offshore bank), stayed in the same bank (joined since school). AVP Pay was ~$8k (immediately after promo). Left immediately after promotion to join another bank as a AVP. (role change. Now abit of investment banking elements) Pay rose to $11k+. Recently, (after 1 year) I've been approached to join a local bank, I've been advised by headhunter that the pay range for nego is (AVP: $6-18k)

Originally Posted by Unregistered

This is nonsense. No way a avp makes $15.5k.

Don't confuse with associate director. AD is a VP equivalent role. And VPs will typically draw $15.5k area (+/- $4k).

local bank avp here. 31 yrs male, pay 6800.

Originally Posted by Unregistered

local bank avp here. 31 yrs male, pay 6800.

Care to share years of experience and dept I.e FO, MO, BO?

Originally Posted by Avp2

Care to share years of experience and dept I.e FO, MO, BO?

Around 6 yrs experience. Started as a pb in local bank 2 yrs, then foreign bank private bank side for 3 yrs, currently in FO/MO equivalent role.

Originally Posted by Unregistered

Around 6 yrs experience. Started as a pb in local bank 2 yrs, then foreign bank private bank side for 3 yrs, currently in FO/MO equivalent role.

Sorry forgot to mention current role is in local bank, been here for about a year

Originally Posted by Unregistered

Sorry forgot to mention current role is in local bank, been here for about a year

How much is the bonus you got for last year?