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Unregistered 03-07-2012 03:24 PM

Quote:

Originally Posted by Unregistered (Post 26334)
Base (S$) per month:

BO= backoffice

2006 - 3.75k (BO)
2007- 4.2 (BO, promotion)
2008 - 4.5 (BO)
2009 - 4.5 (BO, pay freeze, promotion)
2010 - 5.5k (pay adjustment for 2010. Including for 2009 promotion w/o increment)
2010 - 6.2k (switched to front office on 1-yr contract)
2011 - 8.0k (converted to perm)
2012 - 10.5k (promotion)

Really impressive stats. Would you say you are the norm or the outlier in terms of performances and remuneration? If for example 10 staffs (incluing you) join the BO in 2006, would most of them be following your line in career advancement? Whats your take?

Unregistered 03-07-2012 04:26 PM

My switch from back to front is the only thing I consider as an outlier. The rest were normal type of increments / promotions.

I consider my promotions pretty quick but considering they are junior level promotions and I have decent honors (degree), nothing impressive.

Quote:

Originally Posted by Unregistered (Post 26337)
Really impressive stats. Would you say you are the norm or the outlier in terms of performances and remuneration? If for example 10 staffs (incluing you) join the BO in 2006, would most of them be following your line in career advancement? Whats your take?


Unregistered 03-07-2012 06:47 PM

Quote:

Originally Posted by Unregistered (Post 26334)
Base (S$) per month:

BO= backoffice

2006 - 3.75k (BO)
2007- 4.2 (BO, promotion)
2008 - 4.5 (BO)
2009 - 4.5 (BO, pay freeze, promotion)
2010 - 5.5k (pay adjustment for 2010. Including for 2009 promotion w/o increment)
2010 - 6.2k (switched to front office on 1-yr contract)
2011 - 8.0k (converted to perm)
2012 - 10.5k (promotion)

Damn amazing..within 6 years..guess u're in foreign bank since base is so high. However, banks are downsizing..hope you'll continue to do well. Thanks for sharing..btw, what's your rank?

Unregistered 03-07-2012 10:39 PM

Quote:

Originally Posted by Unregistered (Post 26313)
Local or Foreign? FO or BO?

Foreign. BO.

Unregistered 03-07-2012 10:40 PM

Quote:

Originally Posted by Unregistered (Post 26325)
assume no promotion:

mean your annual increment for the past 6 years is 15-16% every year?!?! so much, i tot the norm is 3-5% increment only


Why did you assume no promotion?

Unregistered 03-07-2012 11:15 PM

Quote:

Originally Posted by Unregistered (Post 26334)
Base (S$) per month:

BO= backoffice

2006 - 3.75k (BO)
2007- 4.2 (BO, promotion)
2008 - 4.5 (BO)
2009 - 4.5 (BO, pay freeze, promotion)
2010 - 5.5k (pay adjustment for 2010. Including for 2009 promotion w/o increment)
2010 - 6.2k (switched to front office on 1-yr contract)
2011 - 8.0k (converted to perm)
2012 - 10.5k (promotion)

Suppose you stay for the next 10 years. What's the max annual salary you can hit?

Unregistered 04-07-2012 12:10 AM

Quote:

Originally Posted by Unregistered (Post 26340)
My switch from back to front is the only thing I consider as an outlier. The rest were normal type of increments / promotions.

I consider my promotions pretty quick but considering they are junior level promotions and I have decent honors (degree), nothing impressive.

how is your working hours?

9-6??

or every day work 12-14hrs

every weekend burn??

Got work life balance??

Unregistered 04-07-2012 08:33 AM

Current rank is AVP

Quote:

Originally Posted by Unregistered (Post 26346)
Damn amazing..within 6 years..guess u're in foreign bank since base is so high. However, banks are downsizing..hope you'll continue to do well. Thanks for sharing..btw, what's your rank?


Unregistered 04-07-2012 08:36 AM

Depends on what rank I will hit after 10 years. From Junior ranks to AVP is one leap.

From AVP to VP is difficult. VP to D even more difficult.

I would say base case I will be a VP at the end of the next 10 years. (or SVP). The cap will be around S$25k.

Bullish case will be I hit D. For that, I am not so sure what's the income cap. Probably a good guess will be S$30-35k.

The higher you go up, the more your variable will make up your total comp.


Quote:

Originally Posted by Unregistered (Post 26353)
Suppose you stay for the next 10 years. What's the max annual salary you can hit?


Unregistered 04-07-2012 08:44 AM

In BO, it is about 9-8+. No need to work weekends.

In FO, hours are shorter. 9-6. But different kind of stress. Have to manage P&L.
No need to work weekends either.

When I wanted to move from BO to FO. I hangout with the desk guys after work, almost every night, or at least whenever they ask.

When I wanted to convert from temp to perm. I make sure I am first in office (even if it means being in at 7.30am). I make sure I buy coffee for everyone on the desk. After work, I make sure I am available for every after work activity.

After I get my perm, I can now afford to work-life balance.

So it really depends on how driven you are towards your goal. What's your game plan to achieve your objective, etc.

Quote:

Originally Posted by Unregistered (Post 26355)
how is your working hours?

9-6??

or every day work 12-14hrs

every weekend burn??

Got work life balance??



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