Product control in Singapore market rate? - 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




Product control in Singapore market rate?

Reply
 
Thread Tools
  #1 (permalink)  
Old 29-04-2017, 06:15 PM
Junior Member
 
Join Date: Apr 2017
Posts: 2
d211uk is on a distinguished road
Default Product control in Singapore market rate?

I'm a senior AVP in product control in a top tier bank in London earning £68k base, ACA qualified. I wanted to move to Singapore for personal reasons, and managed to get an internal move to my equivalent team in our Singapore office. I'm being offered Sgd120k, but recruiters are telling me the market rate is sgd140k for a senior AVP, which is what I thought. Does anyone know what the market rate is? I'll be making about sgd1k loss a month on my flat in London so really need as much as is reasonable.



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


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


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
  #2 (permalink)  
Old 29-04-2017, 06:50 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by d211uk View Post
I'm a senior AVP in product control in a top tier bank in London earning £68k base, ACA qualified. I wanted to move to Singapore for personal reasons, and managed to get an internal move to my equivalent team in our Singapore office. I'm being offered Sgd120k, but recruiters are telling me the market rate is sgd140k for a senior AVP, which is what I thought. Does anyone know what the market rate is? I'll be making about sgd1k loss a month on my flat in London so really need as much as is reasonable.
Considering you are from a top tier bank, I would have expected them to at least offer you a VP rank (Sg titles are more inflated). Most European or American staff who come over usually get at least 30% on top of what they are drawing as part of the relocation compensation.

It seems your bank is cutting your pay; unless you are desperate to move here it doesn't make sense to me. You are going to incur substantial relocation costs, give up on pension contributions, have to rent a condo and car etc.

Reply With Quote
  #3 (permalink)  
Old 29-04-2017, 07:08 PM
Junior Member
 
Join Date: Apr 2017
Posts: 2
d211uk is on a distinguished road
Default

Thanks- I am the one pushing to move which is why they won't throw money at me, but they should still pay the market rate. What is the market rate? They don't just give internal promotions like that in a large bank- you have to go through the process which is once a year in January, and you also have to be operating at that level and with a "platform" before. I currrently don't have the platform but this role could give me that.

I just want to know how much an experienced AVP should expect to be paid in Singapore. Is sgd120k to low?

Reply With Quote
  #4 (permalink)  
Old 29-04-2017, 10:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by d211uk View Post
Thanks- I am the one pushing to move which is why they won't throw money at me, but they should still pay the market rate. What is the market rate? They don't just give internal promotions like that in a large bank- you have to go through the process which is once a year in January, and you also have to be operating at that level and with a "platform" before. I currrently don't have the platform but this role could give me that.

I just want to know how much an experienced AVP should expect to be paid in Singapore. Is sgd120k to low?
No idea. In sg titles are meaningless, it doesn't mean anything. I have seen AVP go below 70k in some banks.

To me if you are the one desperate to move here then you have to accept whatever the bank gives you. They are not going to up your salary just because you think the market is higher.
Reply With Quote
  #5 (permalink)  
Old 29-04-2017, 11:45 PM
Unregistered
Guest
 
Posts: n/a
Default

I think your salary is inline with an internal move. Long gone are the days where they do an FX conversation and add a premium on top - considering the number of professionals trying to exit their home markets and get into SG and HK.

Will your bank pick up your relocation expenses? You may also get a higher bonus in SG, depending on which bank you are working at. I would say that an AVP would max out at around 130-140k with VP starting at around 160-180k. You aren't that far off. If they aren't covering anything, try for $130k. I mean it's what you wanted rather than them needing you in SG, right?
Reply With Quote
  #6 (permalink)  
Old 30-04-2017, 12:28 AM
Unregistered
Guest
 
Posts: n/a
Default

AVP can try to negotiate for 150k, that is usually the higher end for this rank.
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
Summarised Singapore Fixed Deposit Interest Rate cheaponana Investments and Net Worth 6 21-04-2017 08:30 PM
what's the market rate for temp job now? Chuan-Jin Income and Jobs 1 03-11-2014 05:31 AM
What's the market salary rate for fresh diploma holders? temp111 Income and Jobs 2 01-08-2014 10:08 AM
Bank: Product control vincentchean Income and Jobs 5 17-11-2012 08:43 PM
Salary for Environmental Control Officer (ECO)? omega Income and Jobs 5 01-03-2012 02:06 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,309 Replies, 4,983,058 Views
Lawyer Salary ( 1 2 3... Last Page)
21,014 Replies, 10,329,030 Views
GovTech ( 1 2 3... Last Page)
5,161 Replies, 2,163,434 Views
Career as Teacher ( 1 2 3... Last Page)
10,833 Replies, 6,665,744 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,801 Replies, 1,043,969 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,285 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,563 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,588 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,396 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,369 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,711 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,005 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,770,202 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,454,916 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,113 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,905 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,804 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,017 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,380 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,552 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,182 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,473 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,561 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,454 Views
MX12 reappointed at MX11
8 Replies, 810 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,511 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,069 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,963 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,580 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,279 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:48 AM.


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