Somehow i don't think so. Even a VP/Director investment banker makes only ~$700K p.a. Maybe MDs hit about $1M but that's during a good year.

Cannot like that compare. Management jobs will always have higher basic and cap bonus, frontline sales is mostly commission. The average manager will be higher paid than the average sales, but top sales expected to make more than top manager except for senior executives.

i dunno, management seems to have lots more bonus..350%.. And these are considered corporate sales, M&A, corporate finance.

From investment banking guide:
Grade: Analyst/Associate: Base Salary £90k, bonus 50%
Grade: Vice President/Director: Base Salary £140k, bonus 150%
Grade: Managing Director: Base Salary £200k, bonus 350%

The big difference is bonus is cap. As a manager not under frontline sales, the max you will ever get is 15-18 months so no matter what you will never hit >1 million

People on sales incentive / commission do not have this limit, thats why the best can get paid much higher. Average performer is another story

Hi, sorry to ride on this thread. If you were to be given 2 roles, Auditor & Personal Banker in foreign bank. Which will you choose?

is the OCBC Business Development Manager position a personal banker role for SME customers? whats the basic pay?

is being a personal banker for SME customers much harder than for mass consumer?

Petition
 

Please help to support! thank you!
http://thepetitionsite.com/609/731/7...tory-practices

Oh Business Development Manager is the same as Business Financial Manager lol, aka sales manager, or SME hunter.

Junior basic maybe 2.5k - 3.5k ba + comm.

I think being a SME banker for SME customers is easier than mass consumer due to:

1) Mass consumer PB you are asking people to part with their hard earned money to invest in your bank's likely shitty products or savings account.

2) SME banker you are giving money to people to do their business not take their money. Well you take their money but usually in the form of interest and some fees.

3) All companies need some form of financing to bridge their working capital requirements, leverage their business or purely for international trade requirements like some suppliers require LCs, construction projects require performance bond, bankers' guarantee etc

I also think you learn more transferable skills in SME banking, financial statement analysis, industry analysis. Next time can move to credit or corporate banking or cash management or product.

actually personal banker (mass consumer mkt) not that bad lah....you learn to do and manage your own financial planning too. money is ok if you can perform...

but since mass market, sometimes you get treated like dirt....worse is those clients who hv very small accts but wanna be treated like kings.

what does the banks call their personal banker for sme customers? cant seem to find the positions on their websites....

also for pb, seems like only citibank and uob call it personal banker. what does the other banks name their personal banker?