DBS Bank career advancement, starting from entry - Page 4 - 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




DBS Bank career advancement, starting from entry

Reply
 
Thread Tools
  #31 (permalink)  
Old 06-10-2012, 05:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi, how to get into Corporate Finance, Merger & Aquisition (M&A)? What kind of experience are they looking for?
Hi, I am the one who posted this question. Most importantly, what kind of experience are they looking for?

Reply With Quote
  #32 (permalink)  
Old 06-10-2012, 06:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi, I am the one who posted this question. Most importantly, what kind of experience are they looking for?
They're looking for M&A and corporate finance experience. If you're a fresh grad, you don't have any experience, so you will have to ace the interview if they grant you one.

Reply With Quote
  #33 (permalink)  
Old 06-10-2012, 08:00 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
They're looking for M&A and corporate finance experience. If you're a fresh grad, you don't have any experience, so you will have to ace the interview if they grant you one.
Actually, what I meant was without M&A and corporate finance experience, what kind of bank area will give you better chances to be considered for interview, besides all those mandatory qualification such as good degree grade and such? For example, they may prefer someone with few years in enterprise banking area or few years in consumer banking area or OTHER areas (so which area will expose you to more of something more preferably to be considered for CF, M&A)? Someone help pls!

Reply With Quote
  #34 (permalink)  
Old 08-10-2012, 07:10 AM
Senior Member
 
Join Date: May 2012
Posts: 70
Sam Adams is on a distinguished road
Default

They look for their DBS scholars...
Reply With Quote
  #35 (permalink)  
Old 08-10-2012, 05:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Actually, what I meant was without M&A and corporate finance experience, what kind of bank area will give you better chances to be considered for interview, besides all those mandatory qualification such as good degree grade and such? For example, they may prefer someone with few years in enterprise banking area or few years in consumer banking area or OTHER areas (so which area will expose you to more of something more preferably to be considered for CF, M&A)? Someone help pls!
Its more about connections, you are not suited for banking if you keep thinking like a normal employee concern over experience, deparmnet, grades
Reply With Quote
  #36 (permalink)  
Old 08-10-2012, 07:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Its more about connections, you are not suited for banking if you keep thinking like a normal employee concern over experience, deparmnet, grades
What kind of considerations are there usually in an interview? Eg how much % is culture fit, % skill sets, etc? Or is it general basis depending on how much the interviewers like you....
Reply With Quote

  #37 (permalink)  
Old 15-10-2012, 05:45 PM
Unregistered
Guest
 
Posts: n/a
Default

BEC - ~2.2
BEB - ~2.5
BEA - ~2.9
Analyst - ~3.3 to 3.8
Assoc - ~4 to 5
VP - ~5 to 7

Not sure after VP how much is the salary, but this is just a rough guide depending on what position and if there's any allowance. Bonus not included.

Does not apply to RM and sales-related positions.

Progression about 2 years at each level minimum. Of course there are people who manage to level up before 2 years, but there are people who are stuck even after 5 years.

Hope this helps.
Reply With Quote
  #38 (permalink)  
Old 15-10-2012, 06:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Why join DBS Corp Fin, work your ass out for S$3k a month?

But to answer your qn, best department is MA program (if you want to get into corp fin indirectly).

Otherwise, try corporate banking (not commercial banking.)


Quote:
Originally Posted by Unregistered View Post
Actually, what I meant was without M&A and corporate finance experience, what kind of bank area will give you better chances to be considered for interview, besides all those mandatory qualification such as good degree grade and such? For example, they may prefer someone with few years in enterprise banking area or few years in consumer banking area or OTHER areas (so which area will expose you to more of something more preferably to be considered for CF, M&A)? Someone help pls!
Reply With Quote
  #39 (permalink)  
Old 16-10-2012, 10:58 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
BEC - ~2.2
BEB - ~2.5
BEA - ~2.9
Analyst - ~3.3 to 3.8
Assoc - ~4 to 5
VP - ~5 to 7

Not sure after VP how much is the salary, but this is just a rough guide depending on what position and if there's any allowance. Bonus not included.

Does not apply to RM and sales-related positions.

Progression about 2 years at each level minimum. Of course there are people who manage to level up before 2 years, but there are people who are stuck even after 5 years.

Hope this helps.
This range is totally off track, AVP in a typical corporate dept is already 7-12k & most SVPs are >25k, how can a VP be 5-7k?
Reply With Quote
  #40 (permalink)  
Old 16-10-2012, 11:31 AM
Super Member
 
Join Date: Dec 2011
Posts: 231
cslee is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Lol.
But his question is also somewhat related to what I wanted to know. Which areas of bank will get you better chances to move to iB, such as institutional banking, consumer banking and risk management? And how many years of exp?
I'm not in finance sector. But I do come across this website, where it describes what's IB and how to get in:

Finance Careers: Investment Banking Analyst

Another "fun" book to read about IB (and how to get into) is: Liar's Poker

Liar's Poker: Michael Lewis: 9780393338690: Amazon.com: Books

They're in Wall Street context. I thought it might be applicable here (except the pay differences maybe), as still the same bulge bracket firms.

In short, IB career = selling your own soul and life to the Bank for top and smart monies. Perhaps, someone can provide insights in local context.
Reply With Quote
Reply

Bookmarks

Tags
bank

« 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
Article: HDB loan or bank loan? Reasons to choose a BANK loan fahl.sean Investments and Net Worth 1 20-06-2016 05:53 PM
Career Advancement nic Income and Jobs 5 11-04-2012 12:47 PM
Entry level pay for Research Executive? 7days7nights Income and Jobs 23 14-11-2011 08:58 PM
Salary for an entry level server admin Cookee Income and Jobs 1 21-09-2011 09:43 PM
Direct recruitment into non entry-level grades? miwashi Income and Jobs 9 08-07-2011 10:20 AM

» 30 Recent Threads
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,047 Replies, 1,089,581 Views
ST Electronics ( 1 2 3... Last Page)
3,812 Replies, 1,580,689 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
16,120 Replies, 5,113,808 Views
Lawyer Salary ( 1 2 3... Last Page)
21,162 Replies, 10,477,620 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
751 Replies, 416,461 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,685 Replies, 2,394,712 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,164 Replies, 3,808,926 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,827 Replies, 1,449,467 Views
GovTech ( 1 2 3... Last Page)
5,829 Replies, 2,309,842 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,508 Replies, 1,404,303 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,903 Replies, 4,733,349 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,285 Replies, 640,042 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,353 Replies, 3,467,336 Views
Work culture in CPF board ( 1 2 3... Last Page)
35 Replies, 78,184 Views
Career as Teacher ( 1 2 3... Last Page)
11,208 Replies, 6,852,254 Views
Work culture in IHiS ( 1 2 3... Last Page)
723 Replies, 555,428 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
419 Replies, 502,779 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,350 Replies, 1,168,137 Views
Compare civil service salary ( 1 2 3... Last Page)
16,441 Replies, 12,607,295 Views
Julius Baer Graduate Program 2023 ( 1 2 3... Last Page)
31 Replies, 17,031 Views
DBS tech seed programme ( 1 2 3... Last Page)
3,768 Replies, 1,519,769 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,489 Replies, 807,150 Views
Maritime and Port Authority of... ( 1 2 3)
20 Replies, 20,266 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
825 Replies, 390,601 Views
NUS (National University of... ( 1 2 3... Last Page)
323 Replies, 328,455 Views
DBS ACE Programme ( 1 2 3... Last Page)
163 Replies, 83,314 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,057 Replies, 452,706 Views
ITE (lecturer) ( 1 2 3... Last Page)
279 Replies, 393,712 Views
Any Ministry or Statboard still... ( 1 2)
12 Replies, 12,715 Views
Private Banking Salaries ( 1 2 3... Last Page)
83 Replies, 139,342 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:37 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2