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

Originally Posted by Unregistered

I’m sure they dun pay AVP at 6.5k also rite?

OCBC AVP here with about 7 years of working experience. I'm taking home only $6k a month so that probably makes me a seriously underpaid staff here. Last bonus received was about 4.7 months.

Originally Posted by Unregistered

OCBC AVP here with about 7 years of working experience. I'm taking home only $6k a month so that probably makes me a seriously underpaid staff here. Last bonus received was about 4.7 months.

Erm yar, this is quite bad. Only equivalent to Assistant Managers in non-banks...

Originally Posted by Unregistered

Erm yar, this is quite bad. Only equivalent to Assistant Managers in non-banks...

Sadly, this is the real-life average pay of a back-end office staff for local banks... Way way lower than the superstar pays quoted by some people in salary.sg forum. As far as I know, most of the non-sales bank staff are getting around this pay. AVPs pay can range quite substantially though as there'll be a lot of hentataki staff stuck at this level with maxed out experience, and probably maxed out pay in terms of their salary ceiling. Still, it is providing a very comfortable life for a normal peasant like me in Singapore.

Originally Posted by Unregistered

Sadly, this is the real-life average pay of a back-end office staff for local banks... Way way lower than the superstar pays quoted by some people in salary.sg forum. As far as I know, most of the non-sales bank staff are getting around this pay. AVPs pay can range quite substantially though as there'll be a lot of hentataki staff stuck at this level with maxed out experience, and probably maxed out pay in terms of their salary ceiling. Still, it is providing a very comfortable life for a normal peasant like me in Singapore.

Dun be so pessimistic..if u are unaware, u are already making 100k p.a. for 7 yrs working exp. It's not bad really. Also, as u already know, AVP pay range is big..there was another AVP local bank guy making abt 9k, somewhere much earlier in this forum. Non sales also. So u never know...

Originally Posted by Unregistered

Dun be so pessimistic..if u are unaware, u are already making 100k p.a. for 7 yrs working exp. It's not bad really. Also, as u already know, AVP pay range is big..there was another AVP local bank guy making abt 9k, somewhere much earlier in this forum. Non sales also. So u never know...

Not being pessimistic. Nobody's ever satisfied with their pay but I'm quite contented with what I'm getting. The reason for my post is more for those who are interested to find out... and for them to manage their expectations should they feel they want to come into banking. Not every role in the banking sector pays superstar renumerations. If you are able to make it to a VP level, which not everyone WILL BE ABLE TO HIT, then you'll be able to live off quite comfortably. If not, AVPs do pay quite well if you are an average Singaporean.

Originally Posted by Unregistered

Not being pessimistic. Nobody's ever satisfied with their pay but I'm quite contented with what I'm getting. The reason for my post is more for those who are interested to find out... and for them to manage their expectations should they feel they want to come into banking. Not every role in the banking sector pays superstar renumerations. If you are able to make it to a VP level, which not everyone WILL BE ABLE TO HIT, then you'll be able to live off quite comfortably. If not, AVPs do pay quite well if you are an average Singaporean.

I guess if ur happy it’s OK.

But you should consider move out of banking, it seems your pay progression is so slow there really is no point in you remaining there. Might as well get a AM equivalent job in a MNC and maybe still got prospect to promote to manager and maybe even senior manager…

Originally Posted by Unregistered

Sadly, this is the real-life average pay of a back-end office staff for local banks... Way way lower than the superstar pays quoted by some people in salary.sg forum. As far as I know, most of the non-sales bank staff are getting around this pay. AVPs pay can range quite substantially though as there'll be a lot of hentataki staff stuck at this level with maxed out experience, and probably maxed out pay in terms of their salary ceiling. Still, it is providing a very comfortable life for a normal peasant like me in Singapore.

In your own opinion, if you continue in the financial industry (maybe hop to another bank), what's the max salary you can hit in your career?

Originally Posted by Unregistered

In your own opinion, if you continue in the financial industry (maybe hop to another bank), what's the max salary you can hit in your career?

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.

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.

I think you are being modest. Those who hit 200k in their "early 20s" are the outermost outliers.

Most people never ever hit 100k in their entire lives.

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